Company registration number N1036635 {Nort Registered Charity N ern Ireland) NIC105666 MID ULSTER COMMUNITY SERVICES LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
MID ULSTER COMMUNITY SERVICES LIMITED COMPANY INFORMATION Directors F Wood C Biennan E Johnson M McErlean K McGlone B Oliphanl H Suiter Secretary F Wood Company number N1036635 Registered office Unrt15 Station Road Industrial Estsle Magherafell BT45 SEY Auditor David Lyttle + Co Ltd 15 Meeting Street Magheiafelt Londonderry BT45 6BN Bankers Danske Bank 14 Broad Street Magherafelt Co Londonderry BT45 6EF Solicitors PA Duffy & Co 27 - 29 Broad Street Magheraflel
MID ULSTER COMMUNITY SERVICES LIMITED CONTENTS ge Directors, report Directors, responsibilities statement Independent auditor's report Statement of financial activities Balan sheel Statement of changes in equity Notes to the financial statements 16 The following pages do not form part of the statutory financial statements Detailed statement of financial activities 19
MID ULSTER COMMUNITY SERVICES LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The directors present their annual reporl and financial statements for the year ended 31 March 2023. structure. governance and management Mid Ulster Community Services TIA Out & About Community Transport "Oul and About" was first 1999 as a Company Limited by Guarantee No. Nl 36635 governed by its Memorandum and Articles under Companies (Northern Ireland) Order 1986 on 26th July 1999. established in of Association Directors The directors who held office during the year and up to the dale of signature of the financial state follows= ents were as F Wood C Brennan S Davey E Johnson M McErlean K McGlone B Oliphanl H Suiter (Deceased 25 May 2023)
MID ULSTER COMMUNITY SERVICES LIMITED DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Objective5 and activities In ensuring that Ihe activities of Out and About provide a public benefit, all out activities are related to the following charitable objects.. ne or more of 1. To provide relief to the inhabitanls of Northem Ireland so thal people who are disadvantaged b menlal or physical disability, sickness, poverty, financial hardship or rural isolation have access transport provided by the local communily where there is a lack of conventional public or private tran such transport is unsuited to the particular needs of the above beneficiaries by". cause of age, to affordable port or where a) providing and maintaining non-profit community transport services,. and bl assisting other community organisations engaged in looking after the needs of beneficiaries such above can also benefit by accessing the services and vehicles controlled by Mid Ulster Community S s those listed rvices. Achievements and performance During the reporting period the organisation carried out its operations under the following categories.. 1. Dial a Lift {DAL} 2. Out ofArea Transport 3. Group Hire 4. Training Financial Review The company meets its day to day running costs via a revenue grant from the Department of Infra grant is normally made for a 12 month period and guarantees funding for that period. As a resuEt political instabilily in Northern Ireland and lack of a functioning Assembly, the company have only re offer from the Department for flinding to 31 July 2023. There has been no offer of funding from t regarding Ihe rest of the next financial year. This creates a malerial uncertainty over the ability of t continue as a going concern. tructure. This f the ongoing ived a letter of e Departmenl e company to The Trustees are in constant contact with the Department and have no reason to believe that fund achieved. In the interim the Trustees have started a process of cost reduclions to ensure that the continue as a going concern. ng will nol be company can The directors will conduct annual reviews of the appropriate level of unrestricted reserves. The reseNe is to provide stability for the charity lo ensure that it is able to honour existing contractual upgrade existing capital equipment, lo cover unforeseen events beyond the company's control and continue ils operations in Ihe unlikely event of a significant fluclualion in expenditure or income. Th ongoing programme of capital replacement due to high maintenance and running costs. urpose of this obligations, to lo enable it lo board has an The committee aim lo build reseNes to at least 3 months of annual expenditure. to meet financial This may be achieved by increasing earned income or reducing expenditure. The present level of res to the charity is £271,932 and this is considered satisfactory. commitments. rves available Auditor David Lyttle + Co Ltd were appointed as auditor to the company and in accordan with secti Companies Acl 2006, a resolution proposing that they be re-appointod will be put at a General Meetin n 485 of the Statement of disclosure to auditor So far as each person who was a director at the date of approving this report is aware, there is no infonnation of which the company's auditor is unaware. Additionally, the directors individually hav necessary steps that they ought to have taken as directors in order to make themselves aware of al information and lo establish that the company's auditor is aware of that informalion. relevant audit taken a15 the relevant audit
MID ULSTER COMMUNITY SERVICES LIMITED DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 On behalf of the board Dire or 27 June 2023
MID ULSTER COMMUNITY SERVICES LIMITED DIRECTORS. RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 The directors are responsible for preparing the annual report and the financial slalements in ac applicable law and regulalions. rdance with Company law requires the directors to prepare financial slatements for each financial year. Unde directors have elected to prepare the financial slatements in accordance wilh United Kingdom Gene Accounting Practice (United KingdoFn Accounting Slandards and applicable lawl. Under company la must not approve the financial statements unless they are satisfied that they give a true and fair view affairs of the company and of the surplus or deficit of the company for that period. In preparing t statements, the directors are required lo.. that law the ally Accepted the directors f the state of ese financial select suitable accounting policies and then apply them consistently., make judgements and accounting eslimales that are reasonable and prudenl., prepare Ihe financial statements on the going concern basis unless it is inappropriate to pre company will continue in business. ume that the The directors are responsible for keeping adequate accounting records thal are sufficient to show a company's transactions and disclose with reasonable accuracy al any time the financial position of and enable them lo ensure that the financial statements comply with the Companies Act 2006. responsible for safeguarding the assets of the company and hence for taking reasonable steps for and detection of fraud and other irregularities. d explain the the company hey are also e prevention
MID ULSTER COMMUNITY SERVICES LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MID ULSTER COMMUNITY SERVICES LIMITED Opinion We have audited the financial statements of Mid Ulster Community Services Limited (the 'compan ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, th changes in equity and notes to the financial statements, including significant accounting policies. reporting framework that has been applied in their preparation is applicable law and United Kingd Standards, induding Financial Reporting Standard 102 The Financial R8POrting Standard applicable Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). ') for the year slalement of The financial m Accounting in the UK and In our opinion the financial statements.. give a true and fair view of the slate of the company's affairs as al 31 March 2023 and of ils surpl then ended., have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting have been prepared in accordance with the requirements of the Companies Act 2006. s for the year Practice., and Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK} IISAS IUK}) law. Our responsibilities under those standards are further described in the Auditor's responsibilities the financial statements section of our report. We are independent of the company in accordance requirements that are relevant lo our audit of the financial slatements in the UK, including the Standard. and we have fulfilled our other ethical responsibilities in accordance with these requireme that the audit evidence we have obtained is sufficient and appropriale to provide a basis for our opinio nd applicable or the audil of ith the ethical FRC'S Ethical We believe Material uncertainty related to going concern We draw attention to Note 1.2 in the financial statements, which indicates that the company has n core funding for the next financial year. As staled in Note 1.2, these events or conditions, along wit as set forth in Note 1.2, indicate that a material UnrtaInty exists that may cast significanl doubt on ability to continue as a going concern. t achieved its other matters he company's Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded thal Ihe directors, use of the going co accounting in the preparation of the financial stalemenls is appropriate. Our responsibilities and the of the directors with respecl to going concern are described in the relevant sections of this report. cern basis of esponsibilities Other information The other informalion comprises the information included in the annual report other than the finan and our auditorfs report thereon. The directors are responsible for the other information contained wi report. Our opinion on the financial statemerits does not cover the other information and, excep otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion responsibility is lo read the other information and, in doing so, consider whether the other informati inconsistent with the financial statements or our knowledge obtained in the course of the audit, or olh to be materially misstated. If we identify such material inconsistencies or apparent material misstal required to determine whether this gives rise to a material misslatemenl in the financial stalèmenls based on the work we have performed, we conclude that Ihere is a material misstatement of this olh we are required to report that fact. ial statements hin the annual lo the extent thereon. Our n is materially rwise appears ents, we are hemselves. If, r information, We have nothing to reporl in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the directors, report for the financial year for which the financial prepared is consistenl with the financial statements., and the directors, report has been prepared in accordance with applicable legal requirements. tatemenls are
MID ULSTER COMMUNITY SERVICES LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MID ULSTER COMMUNITY SERVICES LIMITED Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and ils environmenl obtained in th audit, we have not identified malerial mi5Statements in the direclors, report. course of the We have nothing to report in respect of the following matters in relation to which the Companies Act us to report to you if, in our opinion.. 2006 requires adequate accounting records have nol been kept, or returns adequate for our audit have not from branches not visited by us., or the financial slatements are not in agreement with the accounting reu)rds and retums., or certain disclosures of directors, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit., or the directors were not entitled to prepare the financial statements in accordance with the s regime and take advanla9e of the small companies, exemption in preparing the directors, repo requirement to prepare a strategic report. een received all companies and from the Responsibilities of directors As explained more fully in the directors, responsibilities statement, the directors are responsible for t of the financial statements and for being satisfied that they give a true and fair view, and for such int the directors determine is necessary to enable the preparation of financial statements Ihat are fre misstatement, whether due to fraud or error. In preparing the financial statements. the directors are assessing the company's ability lo continue as a going concern, disclosing, as applicable, matters r concern and using the going Conrn basis of accounting unless the directors eilher intend to liquidat or to cease operations, or have no realistic alternalive but to do so. e preparation nal control as from material sponsible for lated to going the company Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whol material mi5Stalemenl, whether due to fraud or error, and to issue an audilorfs report thal includ Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted w¥th ISAS IUK) will always detect a material misslalemenl when il exists. Misslatemenls can arise error and are considered material if, individually or in the aggregate. they could reasonably be expect the economic decisions of users taken on the basis of these financial stalemenls. are free from s our opinion. in accordance from fraud or d to influence A further description of our responsibilities is available on the Financial Reporting Council's web www.frc.org.uklauditorsresponsibilities. This descriplion forms part of our auditor's report. ite at.. https'.11 Use of our report This report is made solely to the company's members, as a body, in accordance wilh Chapter 3 of Companies Acl 2006. Our audit work has been undertaken so thal we might slate to the company's matters we are required lo slate to them in an auditor's report and for no other purpose. To th permitted by law, we do not accept or assume responsibility to anyone other than the company and members as a body, for our audit work, for this report. or for the opinions we have formed. Part 16 of the embers those fullest extent he company's We are also asked lo confirm that the grant provided by the DFI has been used solely for the pur and in accordance with the terms and conditions of the grant and can confirm this to be the case. oses intended
MID ULSTER COMMUNITY SERVICES LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) MEMBERS OF ULSTER COMMUNITY SERVICES LIMITED McGeagh Senior Statutory Auditor For and on behalf of David Lyttle + Co Ltd 27 June 2023 Chartered Accountants Statutory Auditor 15 Meeting Street Magherafell Londondery BT45 6BN
MID ULSTER COMMUNITY SERVICES LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 DFI Other Unrestricted Restricted Restricted funds funds funds 20 Tot 2022 Total Incoming resources Incoming resources from generated funds 100 Incoming resources from charilable activities 65,828 221,450 6,844 294,1 305,060 Transferred to capital grant 12.0051 {2,00 Transferred Ilo)Ifrom deferred income reserve Total incoming resources 65,828 221,450 4,839 292,11 305,160 Resources expended Charitable activitie5 Governance costs 59,706 2,156 210,627 10,823 3,412 273.7 12,9 313,613 15,487 Total resources expended 61.863 221,450 3,412 286,7 329,100 Exceptional items: ProfiU(loss) on sale of langible assets Electric bus prepayment written off Electric bus capital grant written off Coronavirus job retention scheme 2,500 14 {71,762) 71,762 (71,7 71,7 2) 14 6,234 Net incomingl(outgoingl resources 3,966 1,427 115,206) Transfer from general reseeve Net movement in funds 3,966 1,427 {15,2061 Total furids brought forward at 1 April 2022 266,541 266.5 281,749 Total funds carried forward at 31 March 2023 270.507 1.427 271.9 266,543 The statement of financial activities has been prepared on Ihe basis that all operations are conlinuing operations. There are no recognised gains and losses olher than those passing through the statement of financia activities.
MID ULSTER COMMUNITY SERVICES LIMITED BALANCE SHEET ASAT31 MARCH 2023 2023 22 Notes Fixed assets Tangible assets 48,028 67,042 Current assets Deblors Cash at bank and in hand 27,771 208,538 107,579 172,045 236,309 279,624 Creditors: amounts falling due within one year 13,9001 14,9461 Net current assets 232,409 274,678 Total assets less current liabilities 280,437 341,720 Creditors: amounts falling due after more than one year 10 (8,5031 (75,1791 Net assets 271,934 266,541 Reserves General reserves 271,934 266,541 Members. funds 271,934 266,541 These financial ststements have been prepared in accordance with the provisions applicable to com to the small companies regime. anies subject The financial statements were approved by the board of directors and authorised for issue on 27 Jun signed on ils beha5f by.. 2023 and are gg Director Company Registration No. N1036635
MID ULSTER COMMUNITY SERVICES LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2023 Other Income an reserves expenditur Total Balance at 1 April 2021 (22,186) 303.93 281,749 Year ended 31 March 2022: Loss and lotal comprehensive income for the year Transfers 115,20 122,18 115,208) 22,186 Balance at 31 March 2022 266,54 266,541 Year ended 31 March 2023: Profit and total comprehensive income for the year 5,39 5.393 Balance at 31 March 2023 271,93 271,934 10-
MID ULSTER COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Company information Mid Ulster Community Services Limited is a private company limited by guarantee incorporal Ireland. The registered Offi is Unit 15, Station Road Industrial Estate, Magherafelt. BT45 5EY. d in Northe 1.1 Accounting convention The financial stslements have been prepared in accordance with Accounting and Reportin Statement of Recommended Praotice applicable lo charities preparing their accounts in accor Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) effe 2015) - {Charities SORP {FRS 102}), the Financial Reporting Standard applicable in the UK a Ireland IFRS 1021 and the Companies Act 2006. by Charities.. ance with the ve 1 January d Republic of Mid Ulster Community Services Ltd meets the definilion of a public benefil entity under FRS 1 liabilities are initially recognised al historical cosl and Iransaction value unless olhemise slaled accountancy policy notelsl. The financial statements are prepared on a going conrn basis. 2. Assets and n Ihe relevant 1.2 Going concern The company meets its day to day running costs via a revenue grant from the Department of This grant is normally made for a 12 month period and guarantees funding for thal period. As ongoing political instability in Northern Ireland and lack of a functioning Assembly, the comp received a letter of offer from the Department for funding to 31 July 2023. There has been no from the Department regarding the rest of the next financial year. This creates a material unce ability of the company lo continue as a going concern. Infrastructure. a result of the ny have only ffer of funding ainty over the The Trustees are in constant contact with the Department and have no reason to believe that f be achieved. In the inlerim the Trustees have sought new sour$ of funding and started a p reductions to ensure that the COpanY can continue as a going concern. nding will not cess of cost At the lime of approving the financial statement5. the directors have a reasonable expectation t company has adequate resources lo continue in operational existence for the foreseeable fulur directors continue to adopt the going concem basis of accounting in preparing the financia5 stat at Ihe . Thus the ments. 1.3 Fund accounting Unrestricted funds are available for use at the discretion of Ihe direclors in furtherance objectives of the charity. In addition lo expenditure on transport provision, such funds may be finance capital investment and working capilal. f the general eld in order lo Restricted funds are subjected to restrictions on their expenditure imposed by the provider of th fL2nds. Endowment funds which comprise of unrestricted funds that have been sel aside by Ih particular purposes. The aim and use of each designated fund is sel out in the notes t statements. Directprs for the financial 1.4 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or v depreciation and any impairment losses. luation. net of 11
MID ULSTER COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Depreciation is recognised so as lo write off the cost or valuation of assets less their residual va useful lives on the following bases.. ues over their Plant and equipment Fixtures and fittings Office equipment Motor vehicles 20°/0 Reducing Balan 20 % straighl Line 20 % Straighl Line 20 % Straight Line 1.5 Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits h banks, other short-term liquid investments with original maturities of three months or le overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Id at call with s, and bank 1.6 Financial instruments The company has elected to apply the provisions of Section 11 'Basic Financial Instrumenls, a 'other Financial Inslruments Issues, of FRS 102 to all of its financial instruments. d Section 12 Financial instruments are recognised in the company's balance sheel when the company bec the contractual provisions of the instrument. mes party to Financial assets and liabilities are offset, with the nel amounls presented in the financial stat there is a legally enforceable righl lo set off the recognised amounts and there is an intention net basis or lo realise the assel and settle the liability simultaneously. ments, when to settle on a Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially Iransaction price including transaction c0515 and are subsequently carried at amortised effective inlerest method unless the arrangemenl constilutes a financing Iransaclion, where th measured al the present value of the future receipts discounted at a market rale of interest. Fi classified as receivable within one year are not amortised. measured at st using the Iransaclion is ancial assets Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of t arrangements entered into. An equity instrument is any conlract Ihat evidences a residual assets of the company after deducting all of its liabilities. e contractual nterest in the Basic financial liabilities Basic financial liabilities, ir)cluding creditors, bank loans, loans from fellow group companies shares that are classified as debt, are initially recDgnised at transaction price unless th constitutes a financing transaction, where the debt instrument is measured at the present valu payments discounted al a market rate of inlerest. Financial liabilities classified as payable withi not amortised. nd preference arrangement of the future one year are Debt instruments are subsequently carried at amortised cost, using the effective interest rate m thod. Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordi business from suppliers. Amounts payable are classified as current liabilities if payment is due or less. If not, they are presented as non-curtent liabilities. Trade creditors are recogni Iran5action price and subsequently measured at amortised cost using the effedive interest met ary course of ithin one year ed initially at Changes in the fair value of derivatives that are designated and qualify as fair value hedges ar profit or loss immediately, together with any changes in the fair value of the hedged assel or I attribulable to the hedged risk. recognised in bility that are 12
MID ULSTER COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) 1.7 Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unle are required to be recognised as part of the cost of stock or fixed assets. s those costs The cost of any unused holiday entillement is recognised in the period in which the employee, received. services are Termination benefits are recognised immedialely as an expense when the company is committed to terminate the employment of an employee or to provide termination benefits. demonstrably 1.8 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as the fall due. 1.9 Leases Leases are classified as finance leases whenever the lemis of the lease transfer substantially a rewards of ownership to the lessees. All other leases are classified as operating leases. I the risks and Assets held under finance leases are recognised as assets at the lower of the assets fair value inception and the presenl value of the minimum lease payments. The related liability is i balance sheet as a finance lease obligation. Lease payments are treated as consisling of capit elements. The interest is charged to profit or loss so as to produce a constant periodic rate of i remaining balance of the liability. at the date of cluded in Ihe l and inlerest terest on Ihe 1.10 Government grants Government grants are recognised at the fair value of the asset received or receivable reasonable assurance that the grant conditions will be met and the grants will be received. hen there is A granl that specifies performance conditions is rewgnised in income when the performan mel. Where a grant does not specify performance conditions it is recognised in income when are received or receivable. A grant received before the recognition criteria are salisfied is re onditions are the prOedS ognised as a Judgements and key sources of estimatton uncertainty In the application of the company's accounting policies, the directors are required lo mak eslimates and assumptions about the carrying amount of assels and liabilities Ihat are not r from other sources. The estimates and associated assumptions are based on historical experi factors that are considered to be relevant. Actual results may differ from these eslimales. judgements, dily apparent nce and other The estimales and undedying assumptions are reviewed on an ongoing basis. Revisions estimates are recognised in the period in which the eslimale is revised where the revision a period, or in the period of the revision and future periods where the revision affects both cu periods. to accounting ècts only that nt and future Income The total turnover of the company for the year has been derived from its principal activty wholl the Northern Ireland. undertaken in 13
MID ULSTER COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Operating surplusl{defi¢iti 2023 2022 Operating 5urplusl(deficitl for the year is stated after chargingllcrediting).. Government grants Depreciation of owned tangible fixed assets Profit on disposal of tangible fixed assets 16,234) 28,109 12,500) 21,019 Employees The average monthly number of persons (including directors) employed by the company during he year was: 2023 Number 2022 Number Total Their aggregate remuneration comprised.. 2023 2022 Wages and salaries Social security Costs Pension costs 157,738 8,366 5,781 184,557 7,247 6,430 171,885 198,234 Interest receivable and similar income 2023 2022 Interest income Interest on bank deposils 100 2023 2022 Investment income includes the following: Interest on financial assets not measured at fair value through surplus or deficit 100 14-
MID ULSTER COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Tangible fixed assets Plant and Fixtures and equipment fittings Office equipment Moto vehicle Total Cost At 1 April 2022 Additions 11,546 15,675 8,907 2,005 268,56 304,693 2,005 At 31 March 2023 11,546 15,675 10,912 268,56 306,698 Depreciation and impairment Al 1 April 2022 Depreciation charged in the year 5,155 652 6,175 2,279 5,663 1.849 220,65 16,23 237,651 21,019 At 31 March 2023 5,807 8,454 7,512 236,89 258,670 Carrying amount At 31 March 2023 5,739 7,221 3,400 31,66 48.028 At 31 March 2022 6,391 9,500 3,244 47,90 67,042 Debtors 2023 2022 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 3,680 19,794 4,299 3,292 28,662 75,625 27,773 107,579 Creditors: amounts falling due within one year 2023 2022 Payments received on account Trade creditors Accruals and deferred income 902 2,844 1.200 2,640 1,260 3,900 4,946 10 Creditors: amounts falling due after moTe than one year 2023 2022 Notes Government grants 8.503 75,179 15
MID ULSTER COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Retirement benefit scheme5 2023 2022 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 5,781 6,430 The company operates a defined contribution pension scheme for all qualifying employees. Th scheme are held separately from those of the company in an independently administered fund. assets of the 12 Charitable status Mid Ulster Communily Services Ltd is a company limited by guarantee which has charitabl Company is registered with the Nl Charity Commission under registered charity number NIC 10 status. The 666. 13 Related party transactions No directors, received any remuneration during the year. One director received travel expense £297. amounting to 14 Exceptional item5 In the financial statements for the year ended 31 March 2022 Mid Ulster Comtnunity Se committed to the purchase of a new Electric bus. A deposit and first payment on account amou of £71.762 had been included within the prepayment figure of the 2022 financial statements. financial year the supplier of the electric bus has gone into liquidation and there is no indication paid by Mid Ulster Community Services will be recoverable. For this reason the financial state show exceptional items for the writing off of the prepayment and the associated capital grant. ices Ltd had nting to a total In the current that the funds enls for 2023 16-
MID ULSTER COMMUNITY SERVICES LIMITED MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 MARCH 2023
MID ULSTER COMMUNITY SERVICES LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 DFI Other Unrestricted Restricted Restricted Funds Funds Funds Total 2023 Total 2022 Incoming resources Investment income Bank interest 100 Total incoming resources from generated funds 100 Incoming resources from charitable activities Income from Membershiplmini Bus Hire Assisted Rural Travel Scheme Dial a Lift Fare Income Income from Training Income from Meals within Wheels Donations Mid Ulster District Council Rural Transport Funding Rural Transport Fundng Covid Granl Halifax Foundation Nl 64,018 64,018 51,361 24,784 1.800 41,632 53,010 17,935 1,550 16,898 590 2,500 145.304 25,641 51.361 24,784 1.800 2.500 2,500 145,304 145,304 4,344 4,344 Total incoming resources from charitable activities 65,828 221,450 6,844 294.121 305,060 Transferred to capital grant {2,0051 {2,005 Total incoming resources 65,828 221,450 4,839 292,116 305,160 17-
MID ULSTER COMMUNITY SERVICES LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 DFI Other Unrestricted Restricted RestTiCted Funds Funds Funds Total 2023 Total 2022 Resources expended Charitable activities Direct costs Purchases Ready Meals MIDAS Training Expenses Wages and salaries Social security costs Staff training Stsff pension costs Packaging and labelling costs Light and heat Insurance Motor expenses Volunteer expenses Bad and doubtFul debts Advertising Telephone Proteclive clothing Gifts Amortisation of capital grant Depreciation 1,213 12,234 990 184.557 7,247 1,999 6,430 71 3,286 1,477 48.765 3,381 62 713 3,787 853 2,410 1971} 28,109 742 379 9,464 502 1668} 347 742 379 157,738 8,366 1,743 5,781 148,274 7,864 1,499 5.434 912 241 2,172 1,552 11,103 3,611 2,413 1,725 56,283 4,013 (88) 172 42.680 401 2,500 1881 464 2.851 3,315 235 235 3,081 21,019 3,081 16.185 4,834 Total direct Gosts 59,706 203,627 3.412 266,745 306,613 Support costs Rent 7,000 7,000 7,000 Total support costs 7,000 7,000 7,000 Total charitable activities 59,706 210.627 3,412 273.745 313,613 18-
MID ULSTER COMMUNITY SERVICES LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 DFI Other Unrestricted Restricted Restricted Funds Funds Funds Total 2023 Total 2022 Governance costs Cleaning Property repairs and maintenance Subscriptions Legal and professional fees Consultancy Audit fees Bank charges Printing, postage and slationary Sundry expenses Protective clolhing l uniform Refreshments 61 99 348 794 150 161 24 175 553 615 99 348 617 369 3,453 1,800 1,625 254 4,439 1,568 1,182 180 2,659 1,350 1.449 220 3,453 1.500 1,610 244 1,755 2.796 180 380 1,579 2.516 155 280 25 38 342 Total governance costs 2,156 10.823 12,980 15.487 Total resources expended 61,863 221,450 3,412 286,725 329,100 Exceptional items: Coronavirus job retention scheme Electric bus prepayment written off Electric bus capital grant written off ProfiU{loss) on sale of tsngible assets 6.234 171,7621 71,762 {71.76 71,76 2,500 Net incomingl{outgoing) resources 3,966 1,427 5,391 (15,2061 19-