Charity number: NIC107000 Company number: N1647610 Mounffield Area Development Association Ltd (A Company lirnited by guarantee) Trustees, report and financial statements for the year ended 31st August 2023
mounle1d Area Devclopmcnt Association Ltd (A company limited by guarantee) Contents Pagc Legal and administrative information Trustees, report Independent examiners, report Statement of financial activities Balance sheet Noles to the financial statements 8-11
Mountfield Area Development Association Ltd (A company limited by guarantee) Legal and adrninistrative inforniation Charity number NIC107000 Company registration number N1647610 Business address 2 Main Street Mouiitfield Omagh Co Tyrone BT79 7PP Registered office 2 Main Street Mountfield Omagh Co. Tyrone BT79 7PP Trustees Francis Haughey Mary Carland Sharon Wilson Christopher Gorman Sliane Tracey Siobhan Donaghy Kevin Begley Marie Meena 23/08117 23108117 23108117 23108117 23108117 23108117 23108117 23108117 Accountants O'Donnell & Mellon 19121 Castle Street Omagh Co. Tyrone BT78 IDD Bankers Bank of Ireland Cainpsie Omagh Co Tyrone Page I
Mountfield Area DevelopmL'nt Association Ltd Company limited by guarantee Trustees, report for the year ended 31st August 2023 The Trustees, report and the financial slalements for tlie period ended 31 AugTllSt 2023. Incorponition and change of ll&ime The company was incorporclled on 23 Augvust 2017. The company commenced on I September 2017. Objectives and activities The objectives of the company shall be to furiller benefit the residents of Mounle1d and surrounding areas by providing or assisting in the provision ot. facilities in the interests of social WLlfare for recreation and leisure lime occupation witli tlie objective of improving the conditions of life for the resideiits witliout distinction of agye, sex, rnc¢ or political, religioiis or other opinioiis Financial Results The financial resulis for the year are set out on pagJes 5 to I l. Achievement and performanees Mountfield Area Developmerbt Association Ltd. had a sucessful year and is fully opentional as at 3 1st August 2023. The committee continued to provide f1£ cilities aiid activities for the people of Mountfield aiid surroiindingy area5 and Iiave worked closely with tlie community and otlier coinmunily or&iiiiisalions lo meL¥I the idcnlified needs of ihe people, incliiding.. Youth Club. Stlc y aiid Play, ex¢r¢ises, yogya, pilcltes and lic1ndbcl11. Otlier classes include= cookingv classes, Crocliet, art, food hygi¢in¢, first aid and defibrillator training. Social Events were organised for Easter. Clirislmas & l.lalloween. l-lire of the premises to various community groups and individuals. Structure. governance and management The Irustee5 who served during the year are as stated below.. rrancis Haugliey Mary Carland Marie Meenagh Siobhan Donaghy Sharon Wilson Shane Tracey Christopher Gorman Kevin Begley Statement of responsibilities The trustees (who are a150 dir¢ctors on the charily for tl)e purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Acceptable AccountinL7 Practice. Company and charity law reqiiires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the <Thffairs of ihe chc1rity and ot tlie incomingi resources and application of resources, including income and expenditure. of the company for tliat year. In preparing these financial statements. Ihe trustees, are required to.. select suitable accounting policies and apply them consistently. observe the m¢ihods and principles in the Charities SORP: make judgements and estimates that ar¢ re¢isonable <ind prudent. State whether applicable UK accountingy 5tandai-ds have becn followed. subject to any material departures disclosed and explained in tlie financial slatements. prepare the financial statements on the gioing concern basis unless it is inappropriate to presume thal the charity will continue in operation. The trustees are responsible for keeping propel. accounting records which disclose wilh rea5011able iiccuracy al any time the financial position of tlie charily and which enable them to ensure that the I Inancial statements comply witli the Companies Act 2006. The trustees, are also responsible for safeg7uardingJ the as5els oftlie cliarity and Iience for laking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees have complied with the duty to have regard to the guidance issued by the Commissioner under Section 4(b) of the Charities Act(the public benefit requirement statutory guidance) Page 2
Mounffield Area Development Association Ltd Company limited by guarantee Trustees, report for the year ended 31st August 2023 SmaIl company provisions This report has been prepared in accordance with the special provisions for small companies under Companies Act 2006 This report was approved by the Board on 28 May 2024 and signed on its behalf by Kevin Begley Director 2 Main Street Mountfjeld Omagh NIC107000 Page 3
Mounle1d Area Development Association Ltd (A company limited by guarantec) Independent examiner's report to thc charity trustees of Mountficld Area Development Association Ltd. I report on the accounts of Mounifield Area Development Associalioii Ltd lor the year elided 31 AugTUSt 2023 whicli are set out on pa&Tes 5 io 9. Respective rcsponsibilitics of charity trustees and indepenilent examiner As the charity's trustees (and a150 the directors ofthe company for the purposes of comp¢iny law) you are respoiisible for the preparation of ihL EiCCOUI)ts in accordance with the requirements ol. tl)e Companies Act 2006. kl¢TrvillbP sati5ifed myseir that the charity is not subject to audit under company law, and is eligFible for independent examin<1tion, it is my responsibility to-. examine thc accounts under section 65 of tlie Ch1< rities Act follow the procedures laid down in th¢ &reneral Directions gyiven by Ilie Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act state whether particular malters h1( ve come to my attention. Basis of independent exliminer's report I have examined youi- charily llLcDunls as required linder scction 65 of the Cl)ai'itie5 Acl and my examination 5 Caled out in rficcordance with the gener<il Directions given by Ilie Cliarities Coiiiinission tor Noi'thern Ireland under section 65(9)(b) of the Charities Act.The ex1< mination included 1( review of Il)L' accountinby rccords kept by the charity and a comparison of the I1ccounts preseiited witli tliose I'ecords. 11 <11so iiicliided coiisideratioii of any iinusual items or disclosures in the accounts, and seeking ¢xplanatiOD5 froin you as ¢liarily Iru51¢cs ¢onLerninLY any Such matters. My role is to state whetlier any material matters h(Ive come to my (iltention gyivingy m¢ cau5C to believe- l. That accoiinting? records were not kept in accordaiice with section 386 of the Coinpanie5 Act 2006 2. That the accoLints do iiot accord witli tliose accounting record5 3. That the accounts do not comply witli tlie accoiinting requireinents of section 396 of the Companies Act 2006 and with the metliods and priiiciples of the Cliaritics Sialcnieiil of RLcoinTncnded Praclice applicablc to charitie5 preparingi their accounts in uccordc1nce with the Financial Reporting Standard applicable in tlie UK and Republic of Ireland 4. That there is no further information needed for a proper understandingi of the accolints to be reached. Independent examiner's statement have completed my exaTnination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following Ihe Directions of the Chariiy Commission for Norihern Ireland. I have found no matters thal require drawing to yOLir attention. LL.IK tr- pendent examiner Mr. Joe Quinn O'Donnell & Mellon 19121 Castle Street OMAGH Co. Tyrone 28 May 2024 Page 4
Mountfield Area Development Association Ltd (A company limited by guarantee) Statement of financial activities For the year ended 31 August 2023 Unrestricted Restricted funds funds 2023 Total 2022 Total Notes Income and endowments from Donations and legacies Hall Hire FODC Small Grants Other-capital Grants Released 1,200 14,367 3,861 1,314 1,200 14,367 3,861 1,314 1,340 1,625 6,127 1,167 11,340 11,340 Total 20,742 11,340 32,082 20,259 Expenditure on: Raising funds Charitable activities Other-Depreciation 480 12,816 18,785 13,070 7.644 13,070 18,984 11.340 Total 20.714 11.340 32,054 32,081 Net incomel(expenditure) 28 28 1,822 Reconcilation of funds Total funds brought forward 29,501 29.501 41,323 Total funds carried fonvard 29,529 29.529 29,501 The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recogni5ed gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 8 to 11 form an integral part of these financial statements. Page 5
Mountfield Area Development Association Ltd (A company limited by guarantee) Balance sheet as at 31 August 2023 2023 2022 Not¢5 Fixed assets Tangible fixed assets Current asset5 Bank and cash 365,633 382,891 1,899 4,079 1,899 4,079 Creditors: amounts falling due within one year (38,397) (39,397) Net current liabilities (36,498) (35,318) Total assets Icss currcnt labilities Creditors: amounts falling due after more than one year Accruals and deferred income 329.135 347,573 (72,761) (226,845) (79,887) (238,185) Net 9S8ets 29.529 29.501 Funds Unrestricted incom¢ funds 29.529 29,501 Total funds 29,529 29,501 The Balance Sheet continues on tlie following page. The notes on pages 8 to I I form integral part of these financial statements. Pagc 6
Mountfield Area Development Association Ltd (A company limited by guarantee) Balance sheet (continued) Trustees, statements required by Companies Act 2006 for the year ended 31 August 2023 In approving these financial statements as trustees of the company we hereby confinn: For the year stated above the company was entitled to the exemption from audit under section 477 of the Companies Act 2006 relating to small companies- Trustees re5posibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006: and The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, with respect to accounting record5 and the preparation of accounts. These financial statements are prepared in accordance with the provisions in Charities (Accounts and Reports) Regulations(Northem Ireland)2015 and Part 15 of the Companies Act 2006 relating to small companies subject to the small companies Tegime. The financial statem ts were approved by the Board on 28 May 2024 and signed on its behalf by Kevin Begley Director Francis Direct au The notes on pages 8 to 11 form an integral part ofthese finaneial statements. Page 7
Mounffield Area Dcvelopment Association Ltd (A company limited by guarantee) Notes to the financial statcmcnts for the year cndcd 31 August 2023 Accounting policies The principal accountiiig policies are summarised below. Basis of accounting and xssessment of going concern Tl)e financial statements liave been prLparcd in accordance wilh Accouiiting aiid ReportinL by Charities: Statements of Recommended Practice applici( ble lo ch1( rilies prLparin&i ilieir accounts in accordance with tlie rinancial Reporting Standard applicable in ihL UK and Repiiblic of Ireland (FRS 102)(effective l Janiiary 2015) (Charities SORP (fRS 102)). The Cliarities (Accounts and Repoi15) Kegul4itions (Nl) 2015 and th¢ Companies Act 2006. The charity constitutes a public benefit entity a5 defined by I", RS 102. Assets aiid liabilities are intially recoginised at historical cost or transaction value iinless otl)erwise st<1ted iii tlie relevaiit 4iccounting policy note{s). The trustees consider Iliat there are no material uiicertciinties abolit the charity's ability to continue as a gyoing concern. 1.2. Resources expendcd Expenditure is recognised on an accrual basis as a liabilily is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditiire to which it relales. Costs of charitable activities includis tliose a¢liviles undertaken to tlirther the piirposes of tl)e charity and their associated Suppvrl cosls. Other expenditiire rcpr¢scnts those items not fc111ingi into any other lie<1ding. Support Costs are tho.se functions tliat assist the work of tlie c111( rity but do not directly undertake charitable activil'ie.8. Support costs include back office costs, finaiice, peisoni)Ll. payrvll and govcrnance costs wliich support the charity's activitie5."fhese costs have b¢en allocated between cost of raising fuiids and expenditui'e on charitable activilies. Research and dcvclopment Research expenditiire is written off to the profit and loss accuunt in the year in which it is incurred. 1.4. Tangible fixed assets and deprcciation Tangible fixed assets are stated at cost Icss acciimuli6 ted depreciation. Depreciation is provided at rates calculated to write off tlie cost less residual value of each asset over its expected useful life. a5 follows.. Land & buildingT5 Fixtur¢s. fillings and equipment 4 /0 Sirc1ight line 20°/o RLducing, bc11¢1nce 1.5. Grant Income Grants are credited to deferred revenuc. Grants lowards capitcil expenditure are released to tlie profit and loss account over the cxpected iiseful life of Ihe assets. Grants towards revenue cxpendiliire are released to the profit and loss account as the related expenditure is inciiiTed. 1.6. Taxation As a chc1rity, the charitable company is not liable to corporation tax. PAge 8
Mountfield Area Development Association Ltd (A company limited by guarantee) Notes to the finaneial statements for the year ended 31 August 2023 Income 2023 Total 2022 Total nrestricted Fundraising Donations MCA Donations Buy a Brick Donations- Other FODC Small Grants Hall Rental 1,625 1,200 3,861 1,314 14,367 1,200 1,314 14.367 1,167 6,127 20,742 16.881 8,919 Expenditure on Charitable activities Unrestricted Restricted C0515 costs 2023 Total 2022 Total Christmas lights Rates & water Repairs & Maintenance Insurance Heat & Light Bank charge5 Depreciation of property Capital Grant released Loan interest Accountany Generdl Expenses 816 191 1,739 4,063 816 191 1,739 4,063 181 523 1,522 1,708 4.010 200 4.728 1,200 150 4.728 1,200 150 4,014 840 13.070 13,070 12,816 Page 9
MOUnle1d Area Development Association Ltd (A company limited by guarantee) Notes to the financial statements for the year ended 31 August 2023 Fixtiires, buildiiigs fittings diid frc¢hold eqiiipment Tangible fixed assets Total Cost At I September 2022 Additions 451,310 4,667 1.726 455,977 1,726 At 31 August 2023 451,310 6,393 457,703 Depreciation At I September 2022 Charge for Ihe year 71.352 18.052 1.734 932 73,086 18.984 At 31 August 2023 89.404 2,666 92,070 Nct book values At 31 August 2023 361,906 3.727 365,633 At 31 August 2022 379,958 2,933 382,891 Creditors: amounts falling due fter more than onc year 2023 2022 Bank loan 72.761 79,887 Creditors: amounts falling due within one year 2023 2022 Loan from MCA Community Loans Accruals and deferred income 31.277 6.400 720 31,277 6.400 1,720 38,397 39,397 Accruals and deferred income 2023 2022 Government grants At I September 2022 Released in year (238,185) 11.340 (249,525) 11.340 At 31 August 2023 (226,845) (238.185) Page 10
Mountfield Area Development Association Ltd (A company limited by guarantee) Notes to the financial statements for the year ended 31 August 2023 Loan Interest Loan interest in the year to 31 st August 2023 £4727.22 Loan interest in the year to 3 1st August 2022 £4013.59 Company limited by guarantee Mountfield Area Development Association Ltd is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the a55ets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she cease5 to be a member. Page 11