COMPANY REGISTRATION NUMBER: N1650654
CHARITY REGISTRATION NUM8ER.. 107335
MHS Heritage & Culture Ltd
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2022
CLAREMOUNT
Chartered Accountants
2 Martins Terrace
Maghera
B T46 5BT

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2022
Page
Trustees, annual report (incorporating the directorfs report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2022
The Iruslees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative detsils
Règist¢rgd charity name
MHS Herrtage & Culture Ltd
Charity rggistration number
107335
Company registration number N1650654
PrinGipal office and reglstered 11 Main Street
Maghera
Co. Dery
BT46 5BN
The trustees
Mr J Armour
Ms J Dunne
Mr J Marquess
Independent examlner
Karol Mccauley
Claremounl
Chartered Accountants
2 Martins Terra
Maghera
BT46 5BT
Structure, govemance and management
The charity was established under the regulation of the Charity Commission Northem Ireland as a
company limited by guarantee.
Oblectlves and activities
M H S Heritage & Culture Ltd was established in 2019 because of re-slrucluring of the Maghera
Historical Society. The new company MHS Heritage & Culture Ltd incorporates Maghera Historical
Society. The newly formed company is registered with the Nl Charities Commission Reg No
NIC107335 and Registry House.
The purpose of the organisalion is lo promote awareness of the value and importance of the local
history, heritage and culture of the area lo the people of Maghera and surrounding districts.
To provide a suitably equipped drop-in centre in the town where people off 811 ages and capabilities
can access information, records, publications, photographs, memorabilia, folk memories and artefacls
connected with the town and ils people. These can be collected, preserved, displayed and consulted
in a venue that is open lo the public. This centre will be used lo run a programme of events and as a
drop-in facility to help address thè health and well-being of all, especially the socially isolated,
vulnerable, special needs arKI those with mild or severe disabilities.

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) Icontinuedl
Year ended 31 March 2022
To engage ané work with the local community in an open and inclusive way involving people from all
backgrounds. We will continue lo foster and develop cross-communily social inleraclion, pride in the
town thus improving quality of life for the residents of the town and the surrounding districts.
To provide a suitably equipped Men's Shed and Ladies Craft Room for use by anyone from the
community lo ply their craft in woodworking or metslwork.
During the year 2021122 we were drastically curtailed with our events and activities because of the
Covid 19 pandemic. However, we were able lo gel on with the refurbishing and upgrading of our new
premises al 11 Main Street, Maghera. Covid 19 eased somewhat during the early part of 2022 and
this allowed us to open our doors once again lo the whole community. We were able lo host a few
indoor events, lectures, workshops and seminars. We also welcomed lo the area an additional
volunteer Dr Seamas Donnelly who with his vast knowledge in all things Irish was able to deliver two
very interesting lectures on the translation of place names from English lo Irish and this attracted a full
house. Our Knit & Natter group has continued to grow, and the group now meet ￿lce monthly. The
Book Club that meets every month is proving very popular with all ages.
We continued lo meet with members and volunteers through Zoom and although not totally
sa115faclory meant we conb'nued keep in touch with everyone.
Activitigs carried out
We did survive the battle with Covid and with a reasonably healthy bank account we continued lo work
on the ground floor refurbishments. This has been completed and now have in place a very warm
and welcoming space for the whole community lo use as and when they require the facilities.
We are r*ow in a position lo host meetings and put on events asked for by the local people. An
application has been submitted lo the Depl of Health for a grant of £164POO lo cover core costs,
salaries and ulililies for a 3-year period. We should have a response lo the application in early 2023. A
grant application is 21 present being prepared for submission lo the National Lottery {Community
Fund) for help with the completion of the first floor room converting il into an auditorium.
We continue lo develop our interaction with other organisalions. We are al present diversrfying and
establishing an educational theme lo our organisalion, this will be for all ages. This progression will
involve bringing together all school principals and vice principals from primary and secondary schools
in the South Derry area lo discuss the possibility of introducing Leadership Courses and Education
aboijl Education to the school curriculum.
The research library and genealogy room have been completed and are immediately po$ilioned next
to our exhibition gallery.
Our organisalion continues lo hold membership of the following organisalions.. NICVA. CWSAN, Mid
Ulster District Council, Social Enterprise Nl, Workspace.

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) Iconllnu•d)
Year ended 31 March 2022
An outdoor office has been completed lo facili18te private meetings, board nieetings. InleNiews elc.
This facility will be available for hire by other similar orgariisalions.
Achlevements and p•rfomanco
All activities listed under 'aclivilies' were successfully carried by our committee and volunteers in
professional and efficient manner. Our management team remains the same with active Directors.,
James Armour, John Marquess, Jean Dunne. Co Sec Maeve O'Neill.
Flnanclal r•vl•w
The re$ull$ for the period are sel out in detail on pages 5 10 14. The charity incurred nel incomlng
resources for the yéar of £7,000 of which £2,789 was unreslricled and £4,211 is reslricled12021
nel
incoming resources of £34,199 of whi¢h was £2,700 unreslricled and £31,499 was reslricledl. The
trustee5 aim lo have a reserve covering al least three months expenditure al any given lime.
Plans for future porlod•
Our plans for the future a￿ lo develop further and reach out lo the wider geographical area and invite
more of similar organi$ations lo become involved with Maghera Heritage & Culture who if reqLtire¢J
would like lo give assistance in selling up their own Heritage CenlTe. 'Herilage is the Future.
Continue the work on the first floor and develop the area into an auditorium for use by the local
performing arts, artists, musicians, corporate functions and musical events and as a general open
house.
Continu8 and develop our programmes of reaching out lo the elderly, the vulnerable, the
disadvantaged, those with special needs and Ihose who are socially isolated. Making greater use of
our mini-bus service by offering a door lo door collection service for those who are physically
challenged or with mlld disabilllles.
Develop a support service for the younger and older citizens who may have ml$$ed out on pursulng a
higher level of education during their earfier years. We will be Supporting the developing of the
languages such as Ulster Scots and Irish. Record and document slang words used in numerous areas
throughout Ulster. 'The Words our Granny Used..
We wish lo revive the Agricultural Show in 2023 which has been dormant for 2 years.
Small company provlslons
This report has been prepared in accordance with the provlst*ns appIl￿ble lo ¢ompan+es entitled lo
the small companies exemption.
The Iruslees. annual rewrt was approved on 07 December 2022 and signed on behalf of the board of
Iruslees by..
MrJ Amiour
Trust•0
Mrg Dunn•
Truste•

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of MHS Heritage & Culture Ltd
Year ended 31 March 2022
I report lo the Iruslees on my examination of the financial statements of MHS Heritage & Culture Ltd
I'lhe charty'} for the year ended 31 March 2022.
Responsibilities and basis of report
As the tnjstees of the company land also ils directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northern Ireland) 2008 Ilhe '2008 Act'l and the Companies Act 20061.lhe 2006 Acl'l.
You are satisfied that the accounts of the company are not required by charity or company law to be
aLbdiled and have chosen instead to have an independent examination.
Having satisfied myself that the account5 of the company are not required lo be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's financial statements as carried out under section 65 of the 2008 Act. In carying out my
examination I have followed the general Directions gwen by the Charity Commission for Northern
Ireland under section 65{9llb) of the 2008 Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come lo my attention in connection
with my examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which
is not a matter considered as part of an independent examination.,
the financial statements have not been prepared in accordance with the methods and
principles of the Slalernent of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
I confirm that there are no other matters lo which your attention should be drawn to enable a Proper
understanding of the accounts to be reached.
Mr Karol Mccauloy
CLAREMOUNT
2 Martlns Terrac•
Maghera
BT46 5BT
07 December 2022

MHS Heritage & Culture Ltd
Company Limited by Guarantee
ststement of Financial Actlvltles
{including income and expenditure account)
Year •nd•d 31 March 2022
2022
Reslricled
funds Total funds
2021
Unreslricled
funds
Total funds
Incoma and 8ndowmont$
Donations and legacies
Charitable activities
1,303
1,486
67,315
68,618
1,486
88.940
300
Total income
2,789
67,315
70,104
89.240
Expenditure
Expenditure on charitable activities
Other expenditure
Total expendlture
33,409
29,695
33,409
29,695
26,109
28.932
63,104
63,104
55.041
Net income and net movement in funds
2,789
4,211
7,000
34,199
Reconelllatlon of funds
Total funds brought forward
Total funds carrled for•vard
7,654
203,511
211,165
176,966
10,443
207,722
218,165
211,165
The statement of financial activities includes all gains and10sses recognised in the year.
All income and expenditure derive from continuing activities.
Th• not•s on pagès 7 to 14 form part of the￿ flnanclal statorn•nl8.

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Statement of Financial Positlon
31 March 2022
2022
2021
Nots
Fixed assgts
Tangible fixed assets
13
212,348
205,012
Currént assets
Debtors
Cash at bank and in hand
14
2,000
52,724
52,894
52.894
54,724
Creditors.. amounts falling dug Within one year
Not currgnt assgts
1S
7.395
6,197
45,499
48,527
Total a$sets1gs$ Gurront liabilitigs
257.847
253,539
Craditors: amounts falling duo aftor rnore than ono year
Net assets
16
39.682
42,374
218.165
211,165
Funds of the charity
Reslricled funds
Unrestricted funds
10,443
207.722
203,511
7,654
Total charity funds
17
218.165
211,165
For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors. responsibilities-
The members have not required the company lo obtain an audit of ils financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect lo accounting records and the preparation of financial slalements.
These financial statements have been prepared in accordance with the provisions applicable lo
companies subject lo the small companies. regime.
These financial slalemenls were approved by the board of trustees and authorised for issue on 07
December 2022, and are signed on behalf of the board by..
r J Amiour
Trustea
mr￿ Dunne
Trust99
The notes on pages 7 to 14 form part of thos• flnanclal statements.

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Notes to the Financial Stat•m•nts
Year ended 31 March 2022
General Informatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 11 Main Street, Maghera, Co. Derry. BT46 58N.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (Charities
SORP {FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the histor￿cal cost basis, as modified by the
revalLJalion of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial stslemenls are prepared in sterling, which is the funcb'onal currency of the entity-
Going con￿rn
There are no material uncertainties about the charity's ability lo continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unreslricled funds earmarked by the trustees for particular future project or
commitment.
Reslricled funds are subjected lo restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. reslricled income funds or
endowment funds.

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Notes to the Flnanclal Statements (conthuod)
Year ended 31 March 2022
Accounting policies (c¢xrflnuoO)
Incomlng resources
All incoming resources are induded in the statemenl of financial actrvities when enlillemenl has
passed to the charity", it is probable that the economic benefits associated with the transaction
will flow lo the charity and the amount can be reliably measured. The following 5pecrfic policies
are applied to particular categories of income".
income from donations or grants is recognised when there is evidence of entitlement lo the
grft. receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entiuement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the esb"maled resale value. Donated facilities and services are recognised in the
accounts when received rf the value can be rdiably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
conlracled service. This is classrfied as unrestricted funds unkss there is a COntr￿t￿#1
requirement for il lo be spent on a particular purtM)se and returned rf unspent. in whi¢h ¢age
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fvlly recovered, and is dassrfied under headings of the statement of
financial ￿t￿ltIeS to which il relates..
expendrture on raising funds indudes the costs of all fundraising activrties, events,
r￿n-Charitab1e trading activities, and the sale of donated goods.
expenditure on chafitable aclivilw indudes all costs incurred by a charity in undertaking
activities that further ils charitable aims for the benefit of its ￿nefiCIaries. induding those
supwrt costs and costs relating to the governance of the charity apportioned to charitable
activities.
other experKJiture indudes all expenditure that ts neither related lo raising funds for the
charity nor part of its expenditure on charita￿e act¢vities.
All costs are allocated lo expenditure categories refiecting the use of the resource. Direct costs
attributable lo a single activty are allocated directly to that activity. Shared costs are apportioned
between the activities they eonlribute to on a reasonable. justifiable and consislenl basi5.
Tangible assets
Tangible assets are initially recorded al cosl. and subsequentiy slated al cost less any
accumulated depreciation and impairment losses. Any tangible assets 12rried al revalued
amounts are recorded al the fair value al the date of revaluation less any subsequent
accumulated depreC￿tIOn and subsequent accumulated impairrnent losses.

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Notes to the Financial Statements (condnued)
Year and•d 31 March 2022
Accountlng poli¢io3 (¢ontlnu•¢l)
Tanglblè a$$ots (witlnu•d)
An increase in the ¢arying amount of an asset as a result of a revaluation, Is recognlsed In other
re¢ognised gains and losses, unless il reverses a ¢harge for impairment that has previously been
recognised as expenditure within the slalemenl of financial aclivilies. A decrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses,
except lo which il offsets any previous revaluation gain, in which case the 10s5 is shown within
other recognised gains ané losses on the statement of financial aclivilies.
Depreclatlon
Depreciation 1$ cal¢ulaled so as lo write off the cost or valuation of an asset, less ils residual
Value, over the useful e¢onomic life of that asset as follows..
Motor Vehicle$
Long leasehold property
Equipment
Fixtures, fittings & equipment
250h reducing balance
20/0 reducing balance
15Qkn reducing balance
15Q/o reducing balance
Impalmi•nt of flx•d assets
A review for Indicators of impairment is carried out al each reporting éale. with the reGoverable
amount belng 8s1imaled where such indicators exist. Wheie the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairmen15 are also reviewed for
po$$lble reversal at each reporting dale.
For the purposes of impairment testing, when il is not possible to estimate the recoverable
amount of an individual asset, an esllmale is made of the recoverable amount of the
¢ash-generaling unil lo which the asset belong$. The Cash-generaling unil is the smallest
identifiable group of assets that include$ the asset and generates cash inflows that largely
independent of Ihe cash inflows from other a$5els or groups of assets,
For impairment lesling of goodwill, the goodwill acquired in a business combinallon is, from the
acquis11ion dale, allocated lo each of the cash-generaling units that are expected lo benefit from
the synergies of the combination, irresp8¢1ive of whether other assets or liabilllles of the charity
are assigned lo those units.
Flnanclal Instrumont$
A flnancial asset or a financial liability Is recogni$ed only when the entity becomes a party lo the
conlraclual provisions of the inslrumenl.
Basic financial instruments are initially recognised al the amount receivable or paable including
any related transaction costs, unless the arrangement conslilulgs a financing Iransaclion, where
it is recognised al the present value of the future payments discounted al a market rale of
interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured al the Gash or other
consideration expected to be paid or received and not discounted.

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Notes to the Financlal Statements (conthw
Year ended 31 March 2022
Limitgd by guaranteg
The company is limited by guarantee and, Iherefore. there is no issued share capital.
Donations and legacies
Unrestn'cted
Funds
Restricted Totsl Funds
Funds
2022
Donations
Donations
Sponsorship
Membership Fees
1.123
1,123
180
Grants
National Lottery
Mid Ulster District Council
Safe Return Fund
Project Maghera Memories
32.265
1.500
5.645
27,￿5
32,265
1,500
5,645
27,905
1,303
67.315
68,618
Unrestricted
Funds
Restricted Total Fund$
Funds
2021
Donations
Donations
Spons(Kship
Membership Fees
395
3,523
240
395
3.523
240
Grants
N8tion21 Lottery
Halrfax
CCF
Covid Fund - Social Enterprise Grant
Maghera Development Assc
CHFNI Project
CJRS Income
38.940
6,400
2.500
17.000
6.500
g.gx)o
3.542
38.940
6,400
2,500
17,000
6,500
9.900
3,542
4,158
84.782
88,940
Charitable activitigs
Unrestrthd Total Funds Unrestricted Total Funds
FuTrJs
2022
Funds
2021
Retail salesirundraisin￿shOW irKome
1,486
300
10

MHS Heritage & Culture Ltd
Company Limited by Guaranto0
Notes to the Financial Statements (contlnuedl
Year ended 31 March 2022
Expondltur• on charltable actlvltlas by fund type
Unrestricted
Fund5
Reslricled Total Funds
Funds
2022
Staff expenses
Advertising and promotion
Project Costs
Support costs
21,205
1,410
10,794
29,695
63,104
21,205
1,410
10,794
29,695
63,104
Unre$tri¢led
Funds
Reslri¢led Total Fund•
Fund$
2021
Staff expenses
Advertising and promotion
Project Co$1$
Agri show and ¢ounlry Fayre
Support Costs
16.090
1.493
8.526
16.090
1,493
8.526
1,758
1.758
27.174
28,932
55,041
53.283
Exp8ndlturo on charltable actlvltlos by actlvlty typo
Support Total funds
Cosls
2022
CORE
Stsff expenses
Advertising and promollon
Project Costs
Rates and water
Heal and light
Repair5 and maintenance
Insurance
Accountancy
Telephone and inlernel
Office and computer costs
Bank charges
Depreciation
IT & Software
Interest Charge
Cleaning & Consumables
Sundry
Travel
Professional
21,205
1,410
10,794
21.205
1,410
10.794
482
2.930
5.912
973
2.380
1.149
1,363
353
6.912
190
2.372
2,094
215
1.870
500
482
2,930
5,912
973
2.380
1.149
1,363
353
6,912
2,372
2.094
215
1.870
500
33,409
29,695
63,104

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Notes to the Financial Statements (Gontinuodj
Year ended 31 March 2022
8. Expenditure on charitable activlties by activity type
Support Total funds
Costs
2021
CORE
Staff expenses
Advertising and promotion
Project Costs
Rent
Rates and water
Heal and light
Repairs and maintenance
Insurance
16,090
1.493
8.526
16.090
1,493
8.526
1.365
247
1.s69
4,398
759
1,365
247
1,569
4,398
759
fr 'il
Accountancy
Telephone and internel
Office and eomputer costs
Bank charges
Depreciation
IT & Sofvare
Interest Charge
Cleaning & Consumables
Sundry
Travel
Professional
1,620
1,680
1,620
1,680
860
108
6.667
353
2.566
3,562
2.105
1.043
30
108
6,667
353
2.566
3,562
2,105
1,043
30
26,109
28,932
55.041
Not incomg
Nel income is slated after chargingllcrediting}-.
2022
2021
Depreciation of tangible fixed assets
6,912
6.667
10. Independent examlnation fees
2022
2021
Fees payable lo the independent examiner for..
Independent examination of the financial statements
1,000
600
12

MHS Heritsge & Culture Ltd
Company Limited by Guarantee
Notes to the Financial Ststements (contlnu8dl
Year ended 31 March 2022
11. Staff costs
The lolal staff costs and employee benefits for the reporting period amounted lo Nil.
The average head count of employees during the year was 512021.. 31.
No employee received employee benefits of more than £60,0(X) during the year12021.. Nil}.
12. Trustee r•mun8ration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
re￿iVed by the trustees.
13. Tangible fixed assets
Long
leasehold Fixtures and
propety
fittings
Motor
vehicles Equipment
Total
Cost
Al 1 April 2021
Additions
196,457
10,784
3.098
2,900
15,718
3,464
218,173
14,248
At 31 March 2022
207,241
3.098
2,900
19,182
232,421
Depreciation
Al 1 April 2021
Charge for the year
At 31 March 2022
7,353
4,006
465
395
435
370
4,908
2,141
13,161
6,912
11,359
860
805
7,049
20,073
Carrying amount
At 31 March 2022
195.882
2,238
2,095
12,133
212,348
Al 31 March 2021
189,104
2,633
2,465
10,810
205,012
14. Debtors
2022
2021
Trade debtors
2,000
13

MHS Heritage & Culture Ltd
Company Limited by Guarantee
Notes to the Financial Statements Icontin¢md)
Year ended 31 March 2022
1 S. Crèditors.. arnounts falling due wlthln one year
2022
2021
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
5,063
327
1,000
1,005
5.063
216
600
318
7,395
6,197
16. Creditors: amounts falling duè after morg than ong ygar
2022
2021
Other creditors
39,682
42,374
17. Analysis of charitable funds
Unrgstrictod funds
At
1 April 2021
At
Income Expenditure 31 March 2022
Unreslricled funds
7,654
2,789
10.443
Rgstrictod funds
At
1 April 2021
At
Income Expenditure 31 March 2022
Restricted Fund
203,511
67,315
163,1041
207,722
14