REGISTERED COMPANY NUMBER: NI608913 (Northern Ireland) REGISTERED CHARITY NUMBER: 106814
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2022
for
Murlough House
ASC Wylie UBU Ltd Qualified Accountants, Tax & Business Advisors 7 Lisburn Street Royal Hillsborough Co. Down BT26 6AB
Murlough House
Contents of the Financial Statements for the Year Ended 30 September 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
Murlough House
Report of the Trustees for the Year Ended 30 September 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our primary objective is the advancement of religion, specifically the Christian Faith, and as such are aims are:
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An improved sense of wellbeing and the spiritual, moral and intellectual development for those attending the organised activities at Murlough House, as they enjoy fellowship with others and receive teaching from the Bible.
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The promotion of Christian values for the benefit of individuals, with those using the various facilities available at Murlough House encouraged to adopt a moral framework where they are good citizens.
Murlough House as a charity offers facilities for private retreat, respite, group retreat, and conference facilities to church and para-church groups and individuals in sympathy with our Christian ethos.
Significant activities
Our activities have been severely hampered during this year due to continued Covid closure with us being closed for prolonged periods again. Since we have had no income we have been severely stretched financially. Had it not been for the Furlough scheme we would have had to lay off all staff. That being said we have lost all our occasions staff as the could not be Furloughed. This means that if and when we are permitted to reopen we will first have to build a new staff team.
We have managed to build a garden sanctuary were guests can retreat away from others in the house for solitude. We have also created a garden quiet room in another area in the garden. Experience to date has shown us that with increased numbers of day visitors we need to provide secluded spaces throughout the garden for people to be alone with God.
We hope both these spaces will be used as places for prayer, quiet contemplation and christian meditation on the Bible. In time we hope this may lead to a more structured daily devotion time for those on retreat to attend, if desired. This will be a short time of prayer and praise of a liturgical nature to ensure there is a direct spiritual growth aspect to every day.
We have also created a new BBQ area with a permanent structure in place, allowing for several events to be on the premises at the same time. Along side this we have a new external toilets and shower facility for the use of those at both the BBQ and the Coffee shop.
Public benefit
The public benefit is hard to measure when a facility is closed, however we had received a large number of bookings from next April onward, because the word has spread that this is ‘a place apart’ where people can stop and consider the path their lives are taking. It is a place where they can be refreshed, and following lockdown and the impact this has had on mental wellbeing, the demand for our services is set to increase dramatically
Page 1
Murlough House
Report of the Trustees
for the Year Ended 30 September 2022
OBJECTIVES AND ACTIVITIES
Volunteers
Sadly during the year we lost those who volunteered due to lockdown.
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The majority of the funds required to maintain our charitable activity comes from our trading position and this has all but dried up, therefore we have had to make approaches to charitable trusts to keep us afloat. We do not fund raise as to do so would be inappropriate
FINANCIAL REVIEW
Financial position
Due to the COVID19 pandemic there has been a significant reduction in income during the financial year but the cost of maintaining the utilities and services has remained.
FUTURE PLANS
Our plans for the future are to see the house open again and to welcome back groups and individuals who have been before as well as expanding our customer base. Growth is most likely to come from our weekday business as more individuals come for a day and or overnight retreat. We have almost reached our weekend capacity, but with groups being smaller year on year we need the weekday business to remain a viable concern.
The reality is that smaller groups tend to be more effective in achieving our goals however it reduces are income and this is a difficult balance to maintain.
We also plan to open our coffee shop on an appointment only basis, so that we can control numbers and maintain the tranquilly of the site while making it available to more people.
Funds permitting we would also want to create intern accommodation. We get a number of visitors wanting to come back to help with the work of Murlough House having personally benefitted from it. As the workload grows so the burden on the charity grows to pay salaries. Having people coming to volunteer and help for several months at a time increases consistency of service and reliability of help.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NI608913 (Northern Ireland)
Registered Charity number
106814
Registered office
7 Robin Hill Dundrum Newcastle Down BT33 ONU
Page 2
Murlough House
Report of the Trustees
for the Year Ended 30 September 2022
Trustees
During the year we had appointed 3 new trustees, each of whom bring new talents and skills and all of whom have a wealth of professional and life experience to share with us.
Company Secretary
D Preston
Independent Examiner
ASC Wylie UBU Ltd Qualified Accountants, Tax & Business Advisors 7 Lisburn Street Royal Hillsborough Co. Down BT26 6AB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. JKH Forbes - Trustee
Page 3
Independent Examiner's Report to the Trustees of Murlough House
I report on the accounts of the company for the year ended 30 September 2022, which are set out on pages five to fifteen.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 65 of the Charities Act
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follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
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state whether particular matters have come to my attention.
Basis of the 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)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
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That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the 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
-
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) 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.
ASC Wylie FCA ASC Wylie UBU Ltd Qualified Accountants, Tax & Business Advisors 7 Lisburn Street Royal Hillsborough Co. Down BT26 6AB
Date: .............................................
Page 4
Murlough House
| Statement of Financial Activities for the Year Ended 30 September 2022 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,808 Charitable activities Support costs - Other trading activities 2 88,197 Investment income 3 - Other income 160 Total 114,165 EXPENDITURE ON Cost of generating voluntary income 15,218 Charitable activities Support costs 91,392 Governance costs 14,520 Total 121,130 NET INCOME/(EXPENDITURE) (6,965) Transfers between funds 12 - Net movement in funds (6,965) RECONCILIATION OF FUNDS Total funds brought forward 153,874 TOTAL FUNDS CARRIED FORWARD 146,909 |
2021 Total funds £ 37,100 17,894 29,209 7 - 84,210 2,935 75,689 19,112 97,736 (13,526) 19,856 6,330 147,544 153,874 |
|---|---|
The notes form part of these financial statements
Page 5
Murlough House
Balance Sheet
30 September 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 114,954 CURRENT ASSETS Debtors 10 4,688 Cash at bank and in hand 28,201 32,889 CREDITORS Amounts falling due within one year 11 (934) NET CURRENT ASSETS 31,955 TOTAL ASSETS LESS CURRENT LIABILITIES 146,909 NET ASSETS 146,909 FUNDS 12 Unrestricted funds: General fund 146,909 TOTAL FUNDS 146,909 |
2021 Total funds £ 131,069 225 23,412 23,637 (832) 22,805 153,874 153,874 153,874 153,874 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company.
The notes form part of these financial statements
continued...
Page 6
Murlough House
Balance Sheet - continued
30 September 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. JKH Forbes - Trustee
The notes form part of these financial statements
Page 7
Murlough House
Notes to the Financial Statements for the Year Ended 30 September 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
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the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
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. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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Murlough House
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| 2022 £ Fee income 3,914 Retreat income 82,875 Conference income 1,408 Other Income - 88,197 INVESTMENT INCOME 2022 £ Deposit account interest - SUPPORT COSTS Governance Management costs £ £ Support costs 90,422 655 Governance costs 12,275 2,245 102,697 2,900 |
2021 £ 18,780 10,048 - 381 29,209 2021 £ 7 Totals £ 91,077 14,520 105,597 |
|---|---|
3.
4. SUPPORT COSTS
continued...
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Murlough House
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
4. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Management
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2022|2021|
|Support|Governance|Total|Total|
|costs|costs|activities|activities|
|£|£|£|£|
|-|
|Wages|40,054|40,054|41,764|
|Pensions|529|-|529|1,024|
|Rent, rates, water|330|-|330|2,523|
|Insurance|5,993|-|5,993|5,765|
|-|
|Light and heat|15,060|15,060|5,695|
|-|
|Phone, internet & website|1,621|1,621|1,481|
|Post, stationery & office|699|-|699|170|
|Advertising|504|-|504|1,358|
|Sundries|819|-|819|911|
|Motor & travel|4,241|-|4,241|25|
|Depreciation of tangible and heritage|
|assets|-|12,275|12,275|15,626|
|-|
|Repairs & maintenance|20,572|20,572|15,748|
|90,422|12,275|102,697|92,090|
|Governance costs|
|2022|2021|
|Support|Governance|Total|Total|
|costs|costs|activities|activities|
|£|£|£|£|
|Legal & professional|655|-|655|-|
|-|
|Accountancy|2,245|2,245|2,711|
|655|2,245|2,900|2,711|
----- End of picture text -----
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
----- Start of picture text -----
||||
|---|---|---|
|2022|2021|
|£|£|
|Depreciation - owned assets|12,275|15,624|
|-|
|Surplus on disposal of fixed assets|(160)|
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continued...
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Murlough House
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| Administration | 6 | 5 |
| No employees received emoluments in excess of £60,000. | ||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |
| INCOME AND ENDOWMENTS FROM | Unrestricte fund £ |
|
| Donations and legacies | 37,100 | |
| Charitable activities | ||
| Support costs | 17,894 | |
| Other trading activities | 29,209 | |
| Investment income | 7 | |
| Total | 84,210 | |
| EXPENDITURE ON | ||
| Cost of generating voluntary income | 2,935 | |
| Charitable activities | ||
| Support costs | 75,689 | |
| Governance costs | 19,112 | |
| Total | 97,736 | |
| NET INCOME/(EXPENDITURE) | (13,526) | |
| Transfers between funds | 19,856 | |
| Net movement in funds | 6,330 |
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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Murlough House
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS Improvements to Plant and property machinery £ £ COST At 1 October 2021 90,218 66,087 Disposals - - At 30 September 2022 90,218 66,087 DEPRECIATION At 1 October 2021 10,826 36,033 Charge for year 2,707 6,011 Eliminated on disposal - - At 30 September 2022 13,533 42,044 NET BOOK VALUE At 30 September 2022 76,685 24,043 At 30 September 2021 79,392 30,054 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors |
Fixtures and fittings £ 40,883 (7,500) 33,383 19,260 3,557 (3,660) 19,157 14,226 21,623 2022 £ 4,688 |
Unrestricte fund £ 147,544 153,874 Totals £ 197,188 (7,500) 189,688 66,119 12,275 (3,660) 74,734 114,954 131,069 2021 £ 225 |
|---|---|---|
continued...
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Murlough House
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income 12. MOVEMENT IN FUNDS At 1/10/21 £ Unrestricted funds General fund 153,874 TOTAL FUNDS 153,874 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 114,165 TOTAL FUNDS 114,165 Comparatives for movement in funds Net At movement 1/10/20 in funds £ £ Unrestricted funds General fund 147,544 (13,526) TOTAL FUNDS 147,544 (13,526) |
2022 2021 £ £ 934 832 Net movement At in funds 30/9/22 £ £ (6,965) 146,909 (6,965) 146,909 Resources Movement expended in funds £ £ (121,130) (6,965) (121,130) (6,965) Transfers between At funds 30/9/21 £ £ 19,856 153,874 19,856 153,874 |
|---|---|
continued...
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Murlough House
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 84,210 | (97,736) | (13,526) |
| TOTAL FUNDS | 84,210 | (97,736) | (13,526) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Unrestricted funds | Net At movement 1/10/20 in funds £ £ |
Transfers between funds £ |
At 30/9/22 £ |
| General fund | 147,544 (20,491) |
19,856 | 146,909 |
| TOTAL FUNDS | 147,544 (20,491) |
19,856 | 146,909 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 198,375 198,375 |
Resources Movement expended in funds £ £ (218,866) (20,491) (218,866) (20,491) |
|---|---|---|
continued...
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Murlough House
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
14. GRANTS RECEIVED
During the financial year the Charity received Government Grants from the Corona Virus Job Retention Scheme totalling £17,894 and this was treated as revenue income.
Page 15
Murlough House
| Detailed Statement of Financial Activities for the Year Ended 30 September 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fee income Retreat income Conference income Other Income Investment income Deposit account interest Charitable activities Grants Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Cost of generating voluntary income Bank interest Other trading activities Consumables and provisions Charitable activities Donations Support costs Management Wages Pensions Rent, rates, water Insurance Light and heat Carried forward |
2022 £ 25,808 3,914 82,875 1,408 - 88,197 - - 160 114,165 2,660 12,558 315 40,054 529 330 5,993 15,060 61,966 |
2021 £ 37,100 18,780 10,048 - 381 29,209 7 17,894 - 84,210 84 2,851 - 41,764 1,024 2,523 5,765 5,695 56,771 |
|---|---|---|
This page does not form part of the statutory financial statements
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Murlough House
Detailed Statement of Financial Activities for the Year Ended 30 September 2022
| Management Brought forward Phone, internet & website Post, stationery & office Advertising Sundries Motor & travel Improvements to property Plant and machinery Fixtures and fittings Repairs & maintenance Governance costs Legal & professional Accountancy Total resources expended Net expenditure |
2022 £ 61,966 1,621 699 504 819 4,241 2,707 6,011 3,557 20,572 102,697 655 2,245 2,900 121,130 (6,965) |
2021 £ 56,771 1,481 170 1,358 911 25 2,707 7,513 5,406 15,748 92,090 - 2,711 2,711 97,736 (13,526) |
|---|---|---|
This page does not form part of the statutory financial statements
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