2024-08-31-accounts

Charity number: NIC107000 Company number: N1647610 Mountfield Area Developrnent Association Ltd (A company limited by guarantee) Trustees, report and financial statements for the year ended 31st August 2024

Mountfield Area Development Association Ltd (A company limitcd by guarantee) Contents LL￿￿21 and admiiiislralivc infornialion Triislees, report Independent ex<1miners' ruport Statement ot linancial activities Balance slieel Notes to the fiii<incial slaleinei)ts

Mounffield Area Development Association Ltd (A company limited by guarantee) Legal and admlnistrative information Charity number NIC107000 Company registration number N1647610 Business address 2 Main Sti-eet Mounifield Co Tyrone BT79 7PP Registered office 2 Main Street Mountfield Omagh Co. Tyrone BT79 7PP Trustees Francis Haughey Mary Carland Sharon Wilson Chri5tophei' Gormaii Shane Tracey Siobhan Donaghy Kevin Begley Marie Meenagh 23108117 23108117 23108117 23108117 23108117 23108117 23108117 23108117 Accountants O'Donnell & Mellon 19121 Castle Street Omagh Co. Tyrone BT78 1 DD Bankers Bank of Irelaiid Campsie Omagli Co Tyroiie Page I

MountfAeld Area Development Association Ltd Company limited by guarantee Trustees, report for the year cndcd 31st August 2024 'I'he Trustees, repori <111d Il)e I Inlc IIClI11 slateiiieiils li)r Ihe pei'iod endcd 31 Aiii)LisI 2024. Incorporation ancl change of n41me Tlie company WÉIS incoi'poi¢iled on 23 AIiLTllSt 2017. Tlie coinpany coinnienced on I Scpteinber 2017. ObjeLtivcs and activities l-he objectives ol- Ilie Loiiipaijy sli(Ill be lo furtlier benetit tlie resideiils of Molinttield ¢ind 5111-roundingY areic s by pi'ovidii)gp oi. assisting in IIIL pi'ovision of facililiL.% 111 tlic inlerests ot. SOLll& I WLlli2re loi- rLcrciilioii Lis12024. The committee continlied to provide facilities aiid activiti¢% for Ilie people of M()unifield aiid sui'i-oundingT arecls <1nd havL' wol'ked closely witli the community aiid other comi))unily orgyanisalions lo illeet Ilie idenlifiLd needs of tlie people, iiicluding.. Yoliih Club, Stay and Play, exei'cises, yogp(1. pilates ai)d114indbJll. Ollier c11( SSL.5 iiiclude.. cookinLY classes. crocliel, 1( rt, l(i()d hy&ieiiie, first aid and dcfibi'illatoi- Irainiiig. Social EvLI)15 were orLTrlc niscd r()i- L2( slei., Cl)I'islmas & l-lcilloweei). I liro of the preii)ises lu various comniunity groups and individuals. Structure, governance and m4iiiAgement The Ii'u5l¢L.% wlio served dui'iiig Il)L yCcll- are <15 sl<ilLd below.. ri'i( ncis l-laiigl)ey Mary Cill'lciiid M4irie Meen4lLbli Siobhaii Donagliy Sharon Wilson Shane Tracey Chrisloplier Gorman Kevin Begley Statement of rcsponsibilities Tlie trustees (wlio arc also dii'ectors on Il)e cl)ai'ily for the piirpose ot Lonipclliy Iilw) are I'espoiisible for prepil ring the Trustees Annual Report aiid the finaiicial staleinenls in acLordic nce witli applicable1<1W ai)d Ui)il¢d Kiiigdoiii Genei'c111y Acceptable A¢countingT Practice. Company <1nd ch<11'ity law reqliires IhL Iru51ees to pi-Lparc fin¢lnLi<il stc11eineiils for eacli financial yeai. which gyive a true and fail. view of the slalc of ihL (Irraii's ol. tlie cl)Ic I'lly aiid of tlie incoiiiiiigi rL%oiii-ces and applicalion of resolirces. including incoine and expenditure, of tlie coinpaiiy loi. Ihal year. In prep1( riiibi Il)csc liiicincial stateinei)Is, Ilie Iruslees, c1re rLqiiii-Ld lo= Select suitable accounling policies aiid 1( pply tlieim consislently- observe the melhods and priiiciples in the Chilrities SORP. make.judgienients and estimales that 1( re re1< SOlll¢ ble and prLidenl' sl<1te wheil)er applicable UK accountinby standards l)ave been lollowed, siibjecl to any matei-ial departures disclosed 1< nd explaiiied in tlie fiiic1ncial slalemcnts- prepare the fiiiancial slatemei)Is un tlie goingv coiicern b1¢ sis unless it is inappropriale to presume ilial Ilie clic1rity will continue in operation. The trusl¢es arc responsible for keeping propel. accoLiiilin&v records wliicli disclose with reasonable accuncy al any time the financial position of IhL chÉ1rity aiid which enable Ilieni lo ensure tlicll tli¢ fin¢iiicial staleinenls comply with Ilie Coinp1c Iiies Act 2006. Tlie Ii'uslees, are also responsiblL for safcgJiicl1'diiigi Ihe asscls of tlie cl)ai'ily cind lieii¢e for lakingi reasonable %teps for the pi'evention and detection or rraud and other irregLil4iriliLS. The trustees have coniplied with Il)e duly lo liave regard to Ilie guidance issued by the Commissioner uiidei. section 4{b) of Il)e Ch4iritie5 Acl(tl)e public benefit reqiiiremeiil statutoiy guidance) Page 2

Mounffield Area Development Association Ltd Company limited by guarantee Trustees, report for the year ended 31st August 2024 Small eompany provisions This report has been prepared in accordance with tlie Special provisions for small companies under Cornpanies Act 2006 This report was approved by the Board on 20 August 2025 and signed on its behalf by Kevin Begley Director 2 Main Street Mountfield Omagh NIC107000 Page 3

Mounffield Area Development Association Ltd (A company limited by &Fuarantee) Independent examiner's report to the ch4qrity trustee.s of Mountfield Arca DevL'lopmcnt Association Ltd. I repurl ()ii Ihc accounts of Moiinilield Area Developi)ILII1 Associalioii l.ld for tlie year ended 31 Aiigbust 2024 wliicli <1re sel out on pa&￿eS 5 10 9. Rcspective responsibilities of charity trustL'L'.s and inilcpen(IL'nt examinL'r As the ¢lTrai'ity's IrLlStees {<1nd also Ilie directors ol- IhL Loiiipany loi- IIIC Plirposes ofr. Col￿panY law) yoii are responsible for tlie preparation of IhL accoiinls in c1ccord satisilid InysLir thal the cl)arity is not siibject to audit uiider coinpany law. and is eligiible t.or indcpendeiit examinalion, il is Iny respoiisibilily to- ex<iniiiie the accolinls iiiidei. .seclioii 65 of Ilie Cliic rities Acl follow Ihc pro¢edui'es laid down iii ihe gTeiici-al Dii'eclions gJiveii by Ilie Chcll'lty Coiniiiission for Northei'n Irelaiid under sectioii 65(9)(b} of the Cliarities Act -state whether partlCLilar Indllers liave come to Iiiy iillenlion. Basis of independent examinL¥r's report I llavc LXdlliiii¢d your cl)ai'ily accouiils I'equired Liiidci'.%eLlioii 65 01. Ihe Cl)Ll1'ilies Act <11)d iiiy Lxamiiialion was carriLd OLIt in accoi'dillicc willi Ilie gJeneic11 Directions L>iveii by (lie CliilriliL'% Coiiiniission for Nnriliei'n Ireland linder section 65{9)(b) of Ihe ChlL l'ilies Acl.Tlie ex¢qlllill<ili()ii included (1 1-eviLW of Ilie <iccounlinLJ recoi'ds kLpI by ihc cli4irily lind a comparison of the accounts prLsented witli Iliosc reLOI'ds. li <11so included coiisideration of any iinusual ilen15 or disclosures in the k]CCOUlitSi lind seeking explÉinalions from you as Chai'ity trustees conc¢i'niiigJ any such mall¢i's. My role is lo %talL whclliei- 1L iiy iiialLI'ial In¢illcrs111¢ ve COliiL Io i)Iy c1llciilion gyiviiiuJ Inc cause lo beliLve.' 1. 1"111< t 1( ccoiiiiliiig) I'ecoi-ds were not kept 111 Llccord¢lllCe willi seclioii 386 ()I' Ilie Coinpaiiies All 2006 2. Thal tlie accolints do nol iiccord witli tliose accoiinling7 records 3. That tlie accoiiiits do iiol cumply witli tlie accounliiigJ reqLllI'eineiils ol- SL'Llion 396 of the ConipillllC5 Acl 2006 aiid wilh the m¢)Iliod% and principles ol. Il)c Cl)ariliLS state1￿Cnt of Rccoiiiiiieiided Praclice appliC￿hre lo clic?rilies preparingi their accounts in clCCQI'daiice witli the Financial Reporliiib, Standard applic1( bl¢ in tlie U K aiid Ilepliblic ol- Ireland 4. 'fhat there is no further information needed for <7 pi'oper undersl<indiiigF of the accounts lo be reached. Independent examiner's statemL'lIt I l)ave completed Iny CX<lmiiic11ion aiid liave no concerns in re.spect ol- the matlcrq (l) to (4) listed abovc aiid. iii coiiiiection witli followiiiLY IIIL Dii'ections of Il)e Cli¢11'ity ComiT]issioii loi. Norlllei'ii Irelaiid. I h¢ive fouiid iio Inallers tliat reqiiir¢ drawingy to your atlei)lion. Independent examiner Mr. JOL Quinn F.C.C.A. O'Donnell & Mellon 19121 C41Stle Sircet OMAGII Co. Tyrone 20 Au&?ust 2025

Mountfield Area Development Association Ltd (A company limited by guarantee) Statement of financial activities For the year ended 31 August 2024 Unrestricted Restricted funds funds 2024 Total 2023 Total Notes Income and endowments from Donations and legacies Hall Hire FODC Small Grants Other-capital Grants Released 1,200 18,405 675 1,200 18,405 675 1,200 14,367 3,861 1,314 11,340 11,340 11,340 Total 20,280 11,340 31,620 32.082 Expenditure on: Raisinu funds Charitable activitie5 Other-Depreciation 13.617 7,457 13,617 18,797 13,070 18,984 11,340 Total 21,074 11,340 32,414 32,054 Net incomel(expenditure) 794 794 28 Reconcilation of funds Total fiLnds brought forward 29,529 29,529 29,501 Total funds carried fonvard 28,735 28,735 29,529 The statement of financial activities includes all gain5 and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes Dn pages 8 to I I form integral part of these financial statements. Psge 5

Mountficld Area Development Association Ltd (A company limAted by guarantee) Balance sheet as at 31 August 2024 2024 2023 Notes Fixed assets Taiigible fixed assets Current assets Bank and cash 346,836 365,633 1,496 1,899 1,496 1,899 Creditors: auiounts falling due within one year (37,677) (38,397) Net Current liabilities (36,181) (36,498) Total assets less current liabilities Creditors: amounts falliiig due after more than onc year Accruals and (leferred income 310,655 329,135 (66,415) (215,505) (72,761) (226,845) Net assets 28,735 29,529 Funds Unresiricled iiicoiiie fliiids 28,735 29,529 Total fuii(Is 28,735 29,529 The Balance Sheet continues on tlie followiiig page. The notes on pages 8 to I I form an integral part of these fiiiallcial statements. Page 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 2024 In approving these financial statements as trustee5 of the company we hereby confirm-. 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 resposibilities= The member5 have not required Ihe 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 records and the preparation of accounts. These financial slalements are prepared in accordance with the provisions in Charities (Accounts and Reports) Regulation5(Nortlierii Ireland)2015 and Part 15 of tlie Companies Act 2006 relating to small companies subject to the small companies r¢gime. The financial statements were approved by the Board on 20 August 2025 and signed on its behalf by Kevin Begley Director Francis Haughey Director The note5 on pages 8 to I I form an integrgl part of these financial statetnents. Page 7

Mountfield Area Developmcnt Association Ltd (A company limited by guarantee) Notes to the financial statemL'nts for the year ended 31 AuLFUSt 2024 Accounting policies The priiicipal ¢iLCOUllting' policics are suniiii<1rised below. Basis of accounting and assessment (Df going conLern ThL fii)aiicial 5l¢ileineiits lii?vc beci) Pl-CP<ired iii ciccordciiice witli Accounliiig and ReporlinL' by Cliarilies.. Stateinenls ot RecominLnded Practice appliciL ble lo clic2rilies prLP1c I'ing Ilieii- accounts ii) Ic ccol'dance wilh Ilie rinaiicial Keportingy Staiidcird c1ppIiciil)IL in tlie U K 1( nd Republ ic ot. Irelc111d (fR£ 102){etTeclive l Jaiiuaiy 2015) (Cli<1rilies SORP (fRS I O?)), Tl)e Cliaritie.4 (Accouiils cind Repor151 RegyLil<ltioiis (N I) 2015 and tlie Coinpcinies Acl 2006. The cliarity constitutes a piiblic beiiefil eiitity 1( s defined by fRS 102. Assets ¥ind liabilities are inlicilly recogpnised al historical Cost or li cill5ac¢ion Viillie iinlLS5 ollieiwise slc1ted in Ilie I'elevcint <1CCOLiiiliii& policy nole{s). Tlie Iriistees Lon%idLr Ihai Iliei'e are no iiiaiei'ial uiiceilainliL4 1( boiii Ilie clicirily's abilily to continu¢ as a g?oiiig coiicerii. Resource.s cxpendcd Expenditiire is I'ecogFnised on an accrual basis as a li¢1bility is inclirred. Expeiidilure iiicludes aiiy VAT wliicli caiinoi be fiilly recovered, and is I'eported 05 part of tlie expcndilui'e to wliicli it relales. Costs ol-Ll)ai-ilLiblL LILlivilies includes tliose Éicliviles iiiidci'tÉlkLn lo fiiiilici. Ilie PLifposLS C)l- Ili¥ cliai-ity and Ilicir associated SLippoII cosls. Oil)ci' expcndilurc I'epi'eseiils tliose ileiiis not l¢illing? iiilo 1( ny oiliLI' IIL¢idiiig. Siippoit costs 1( re (hos¢ liinclioiis Ilial <1ssisi ilIL wi)I'k ol. tlie c111< rity bill do not direcily iindcrldkc ch¢11-Itc1ble activities. Support costs inc5iidL back i)Ifice costs. I In1( IICL, PLI'soiiiiel, p￿ly]"O]I l< 1)d UF{)vern1c lice costs wl)ich 5UPPOrt tlle cl)ai"ily's aclivilie8.I'lie5e costs l)ave bcLn alloLaled belweeii vo%l ot rillSiI)g7 luiids ai)d uxpciidilure on charitable activities. Research and development Researcli expenditure is wriltcn orr io tlie pi'ofit aiid loss accoiiiit in Ihe y¢¢ir iii whicli it IS IllCLirred. 1.4. Tangible fixeil assets an(1 depreciation Tanbyible fixed a55e15 <ire staled at cosi IL8s accuinu11c ted dLprecic1tioii. Depreciation is provided 1< t rates calculated lo write oft the cost less I'esidiial valiie of eÉ1cII Il.%.set over its expected iiseful l ife. as follows.. Land & biiildinbys Fixtures, filtingFS 1( nd equipment 4 /0 Sii" 20 /0 Reducinby balance 1.5. Grant InLomL' Grants are crediled to deferred revenue. Graiits towards capital expendilui'e are released lo the profit aiid loss accouiit over tlie expected useliil li fc of tlie 1( sset.s. Grants towards revenLie expeiiditure are I'ele1c sed lo IIIL profit and loss accounl as the related expenditure 1.% incurred. 1.6. Taxation As a cliarity, the cliaritable comp(1 ny is noi liable to corporation tax. Page 8

Mounffield Area Development Association Ltd (A company limited by guarantee) Notes to the financial statenients for the year ended 31 August 2024 Income 2024 Total 2023 Total unrestrieted Fundraising Donations MCA Donations Buy a Brick Donations- Other FODC Small Grants Hall Rental 1.200 675 1,200 1,200 3,861 1.314 14,367 18.405 18,405 20,280 19,605 20,742 Expenditure on Charitable activities Unrestricted Restricted costs costs 2024 Total 2023 Total Christinas lights Rate5 & water Repairs & maintenance Insurance Heat & LTght Bank charges Depreciation of property Capital Grant released Loan interest Accountany General Expenses 763 379 1,982 4.023 167 763 379 1,982 4,023 167 816 191 1.739 4,065 181 5,509 480 315 5,509 480 315 4,727 1,200 150 13,617 13,617 13,070 Page 9

Mountfield Arca Dcvclopmcnt Association Ltd (A company limited by guarantcc) Notes to the financial statcments for the year ended 31 August 2024 Lxiid and Fixturcs, biiildings fillings an(1 freehold eqiiipincnt Tangible fixed assets Cost Ai I September 2023 and At J l AuLiiisl 2024 451,310 6,393 457,703 Depreciation Ai I SeplLinber 2023 Clic1rg?c for the year 89,404 18,052 2,66CI 745 92.070 18.797 At 31 AugyLlSt 2024 107,456 3,411 110.867 Net book values At J l Augyust 2024 343,854 2,l)82 346,836 At 31 Augyvst 2023 361.906 3,727 365.633 Creditors: amounts fallin% due ftL'r morc than vnL' yL.￿)r 2024 2023 Bank loan 66,415 72,761 Creditor6: amounts falling duL' within one year 2024 2023 Loan from MCA Cominunity Loans Accruals and deterrcd income 31,277 6,400 31.277 6.400 720 37.677 38,397 AceruAls and deferred income 2024 2023 Government grants At l 8eptenibei- 2023 Released in year (226.845) 11,340 (238,185) 11,340 At 31 August 2024 (215,505) (226,845) Page 10

Mountfield Area Development Association Ltd (A company limited by guarantee) Notes to the financial statements for the year ended 31 August 2024 Loan Interest Loan interest in the year to 31 st August 2024 £5508.40 Loan interest in the year to 31 st August 2023 £4727.22 Company limited by guarantee Mountfield Area Development Association Ltd is a company limited by guarantee and accordingly does not have a sliare capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £ I to the assets of the charilable company in the event of ils being wound up while he or she is a member, or within one year after he or she cease5 to be a member. Pagell