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

moun￿le1d 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 Moun￿le1d 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

Moun￿le1d 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 Ca￿led
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

MOUn￿le1d 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