COMPANY REGISTRATION NUMBER: N1650654 CHARITY REGISTRATION NUMBER: 107335 MHS Heritage & Culture Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 CLAREMOUNT Chartered Accountants 2 Martins Terrace Maghera BT46 5BT MHS Heritage & Culture Ltd Company Limlted by Guarantee Flnancial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's 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 2023 The trustees, who are also the directors for the purposes of company law, pres8nt their report and the unaudited financial $tatem8nts of the charity for the year ended 31 March 2023. Ref•rèn¢e and admlnistrative dètall8 R•gistsred charfty name Charity reglstratlon number MHS Heritage & Culture Ltd 107335 Company registration number N1650654 Prln¢ipal offi¢e and roglstered 11 Main Street office Maghera Co. Derry BT46 5BN trustees Mr J Amiour Ms J Dunne Mr J Marquess Independent examiner Karol Mccauley Claremount Chartered kcountants 2 Martlns Terrace Maghera BT46 5BT stN¢turei governanc• and management The charity was established under the regulation of the Charity Commission Northern Ireland as a Company limited by guarantee. Obiectlves and activltles M H S Hedtage & Culture Ltd was established in 2019 as a result of r8structuring of the Maghera Historic￿ So¢iety. The new company MHS Heritage & Culture Ltd incorpor8t8s Maghera Historical Society. Thè newly formed company 1$ registered th the Nl Charities Commission Reg No NIC107335 and Registry Hous8. N1650654 a) The purpose of the organisation is to promote awareness of the value and importance of the local history, heritage and cultur8 of the area to the people of Maghera and surrounding distrfcls. b) To provide a suitabty 8quipped dropin centre in the town vthere people off all ages and capabiliti8s can access information, rècords, publications, photographs. memorabilia, folk memories and artefacts connected with the town and its people. These can be collected, preserved, displayed and consulted in a venue that is open to the public. This centr8 wll be used to run a programme of events and as a dropin facility to help address the health and well-being of all, espectally the socially isolatsd, vulnerable, Special n8eds and those wth mild or severe disabilities. c> To engag8 and work with the local community In an open and inclusive way involving ￿oPle from all background$. We will continue to foster and develop cross-community social interaction. pride in the town thus improvlng quality of life for the residents of the town and the surrounding districts. MHS Heritage & Culture Ltd Company Limlted by Guarantee Trustees. Annual Report {Incorporatlng the Director's Report) fcontinued) Year ended 31 March 2023 d) To provide a suitably equlpped Men's Shed and Ladies Craft Room for use by anyone from the community lo ply their craft in woodworking or metslwork. During the year 2022 and eady part of 2023 we were curtailed with our evènts and a¢trvities because of the Covid 19 pandemic and follow on restrictions. However, we are now back fully operational with our doors open 5 days per week 10am - 4pm. i a small grant of £11,500 from the Prince's Trust and money from our own reserves we have beén able to complete the refurbishing of the 19t fi￿r fun¢tlon rt)oms. The upgrading of our new premis8s at 11 Main Street, Maghera has been ¢ompl8téd and Is now being used by other organisations from tha town and local area. We are now in a mor8 favourable position to host larger gatherings at our regular lectures, seminars and workshops. In April this yèar we deaded to introduce a Craft Fair in our ￿VAY refurbishèd rooms lo allow the Crafts people from the area to display and sell their produce. 88cause of the success of the first Fair and the numbers of requests to hold another one, we decid8d to host a monthly évént for the remainder of the year. We wélcomed to the organisation an additional volunteer Dr Seama$ Donnèlly MA PGCE, PQH, Ed.D. who has joined us in his cap8¢ty as an educator, researcher and lecturer. We also have as a volunteèr Dr Eoward Calderon a Columbian who has resettled in Maghera. Edward is a Lectur8r at Queens Univ8rsity, Conservation Architect and a promoter of climat8 change leadlng to a cleaner environment. Our Knit & Nattar group has ¢ontinued to grow and the group now meets twce monthty. Membership has reached 18. The Book Club that meets every month is proving very wpular with all ages. M8mbershlp has now reached 15. Membership of the MHS H&C has started to increase again since the pandemic has all but disappeared. Trips away are now happ8ning monlhly wlth requests being made from the members 8S to where the next trip should take us. The recent trip to Balmoral Show was oversubscribed so it is ￿vISable to book early for any upcoming trips away. Actlvlties Carrfod Out We did surwve the battl8 Wlth Covid. The goveming body. directors, committee, volunleers and members move forward into th8 fiJture wfth a very positive degree of enthusiasm, this wll ensure the organisaticm continues to delivér 811 that we stsnd for. Our organisation is now cat8gori6ed as a Warm, frtendly and comfortable place to Vislt and open to all th8 ¢ommunty. An application was made to th8 Dept of Health for a grant of £1e4,000 to cover core costs, salaries and utilitiés for a &yeaT period. However, the application was d8clined berAuse of financial restraints Wlthin the department. We are awaiting the OLrt¢ome, expected in June. ol a grant application b th8 National Lottery for £198,000. Negoti8tions ar8 on- going with the Nat West bank for the purchase of th8 Maghera Ulster Bank. If Success￿11 we would establish the Bank building as an extension of our pr8sènl facilitles and make it available Community Hub for all the people of Maghera and surrounding ar8as. We continue to develop our interaction with other organisations. W8 a￿ at present diversifying and establishing an educaknonal theme to our organlsatton, this will be for all ages. We hold seminars for all the Principl8s and VP of lo¢al primary and secondary schools in th8 South Derry area to discuss the MHS Heritage & Culture Ltd Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) (eondnued) Year ended 31 March 2023 ssibility of introducing Leadetship Courses and Education about Educallon to the school curriujlum. The research library and genealogy room have been completed and a￿ now generats'ng a great deal of interest in compiling a family tree for a number of peO￿e whose family emigrated to a foreign land many years ago. Our organisation continues lo hold membership of the following organisations,. NICVA, CWSAN, Mid Ulster District Council, Social Enterprise Nl, Workspace. An outdoor Offi￿ has been completed to facilitate private meetings, board meetings. interviews etc. This facility will be available for hire by other similar organisations. Achlevements and Performance All activities listed under 'activities' were successfulty carried by our Directors, Committee and Vclunteers in a professional and efficient manner. Our management team remains the same adive Directors., James Armour, John Marquess, Jean Dunnè. Co Sec, Maeve O'Neill. Two new Directors have been appointed recenliy, Anne O'Lou9hlin and Peter Howard. Flnanclal Review An oveNiew of our financial poslllon is very cl8aAy documented in our end of year report carried out by Claremount Ac￿untants. Our thanks must go ¢Jut to all our Fundérs, The National Lottèry (Communlty Fund), The National lottery {Heritag8 Fund), The Garfield Wéston Foundation, The Prin￿,$ Trust, Communrty foundation, The Arthit8Ctural Heritage Foundation, The Mid Ulster District Council, The Maghera Dev81opment Associati¢)n, The Halifax Foundelion, The Arts Council and a number of other smaller grant funding bodies. We would like to thank our r8gular donors and our membership and volunteers who continue to. Plans for the Future Our plans for the ftrture are to develop further and reach out to the wider geographical area and invite more of similar organisalions to become involved with Maghèra Heritage & Culture who if required would like to give asslslance in setting up their own Heritsge Centre. 'Heritage is the Future.. As noted earlier in this report the Work on the tirst floor has been completed and the rooms are now available for use by the local performing arts. artists. musiaans, corporate functions and musical events and as a general open hous Continue and develop our programmes of reaching out to the elderty, the vulnerable, the disadvantaged. those wth special needs and those are socially isolated. Making greater use of our mini-bus service by offering a door-to-door collection service for those who are physicalty challenged or wth mild disabili(ies. Develop a support service for the yourTrger and older citizens vkno May have missed out on pursuing a higher level of education during their earlier 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 U15ter. 'The Words our Granny Used,. The revival of the Agricultural Show will tsk8 place in 2024. MHS Heritage & Culture Ltd Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eontthv Year ended 31 March 2023 Small company provlsions This report has been prepared in accordance with the provisions applicablè to companies entitled to the small companies exemption. The trustees, annual report was approved on 081h June 2023 and signed on behalf of the boanl of trustees ty.. J ArrThJur 09106r2023 11..34.'33 J Dunne 09106r2023 12..16.'51 MrJ Amiour Trustse Ms J Dunne Tru8ts0 MHS Heritage & Culture Ltd Company Llmlted.by Guarantee Indepéndent Examlnerfs Report to the Trustees of MHS Herltage & Culture Ltd Year ended 31 March 2023 I report to the trustees on my examination of the financial statements of MHS Herrf(age & Culture Ltd ('the charity'} for the year ended 31 March 2023. Responslbllltle$ and basls of report As the trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the fina￿la1 statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2CK)8 Ad,) and the Companies Act 20C6 ('the 20¢JS Ad,). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen inslead to have an independent examination. Having satisfied mysetf that the accounts of the company are not required to 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 finanrial statements as carried OLrt under section 85 of the 2008 Act. In rArrying out my examination I have followed the general Directions given ty the Charity Commission for Northern Ireland under section 65{9)(b) of the 2008 ACL Independent axamlnerf¥ •latsmont I have completed my examination. I conflrm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material ￿8paCt.. accounting records were not kept in respect of the charity as requlred by section 386 of the 20C6 A¢tr or the financial statements do not accord with those records., or the financial statements do not comply wlth the accounting réquirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view whrth is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportiw by artlies applicable to charities preparing their accounts in accordance wf(h the Financial Reporting Standard applicat￿e in the UK and Republic of Ireland IFRS 102). I confirm that there are no ¢)ther matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. rol MeCaul8y CLAREMOUNT 2 Martlns Terraco Maghera 8T46 5BT 08 June 2023 MHS Heritage & Culture Ltd Company Llmited by Guarantee Statement of Financial Activitles (Including income and expenditure account) Year ended 31 March 2023 2023 Restricted fvnds Total funds Total fvnds 2022 Unrestricted funds Income and endowments Donations and legacies Charitable a¢tivities Total Income 4,431 53,316 57,747 68.618 1,486 4,431 53,316 57,747 70,104 Expondfture Expenditure on charitable activlties Other expenditure Total expendlture 34,247 33,869 68.118 34,247 33,869 68.116 33,409 29.695 63,104 Net (expendltureylncome and net movement in funds 4,431 (14,800) {10,369) 7.000 Reconcillation of funds Total fijnds brought foThYard Total funds carrfod forward 10.443 207.722 218.165 211.185 218,165 14.874 192,922 207,796 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive fron7 continuing activities. MHS Heritage & Culture Ltd Company Limited by Guarantee Statement of Financial Posltlon 31 March 2023 2023 2022 Flxed assets Tangible fixed assets Note 13 241,883 212.348 Current assets Cash at bank and in hand 10,875 52,894 Credttor3.' amounts falling due withln one year Nét current assats 14 7,381 3,494 7.395 45,499 Total assets le88 currant Ilabllltles 245,377 257,847 Credftors.. amounts falllng due after more than one year Net assets 15 37,581 207,796 39.682 218,165 Fund8 ol the charity Restricted funds Unrèstricted funds 192,922 14,874 207,796 207,722 10,443 218,165 Total charity funds 16 For the year ending 31 March 2023 the charity was entitted to exemption from audit under section 477 of the Companies Act 2006 relatlng to small companies. Directors, resp￿SibIlitIeS.. The members have not required the company to obtsin an audit of its financial statements ft)r the year In question in accordance with section 476., The directors a¢knowledge their r8sponslbilities for comptying wth the requirem8nts of the Act th respect to a¢￿UntIng records and the preparation of financial statements. These financial statements hav8 been prepared in accordance with the provisions applicable to companies subject to the Small companies, regime. These financial statements were approved by the board of trustee8 and authorised for issue on 08 June 2023, and are 8ign8d on behalt of the board by.. J Am￿￿r 09106r2023 11'.34.'33 J Dunn 09106r2023 12:16..51 Mr J Amiour Trustee Ms J Dunno Trustse The notes on page$ 8 10 17 forni part of these finan¢lal stat•men MHS Heritage & Culture Ltd Company Llmited by Guarantèe Notes to the Flnancial Statements Year ended 31 March 2023 General information The charity is a putAic benefit entty and a private company limited by guarantee, registered in Northem Ireland and a registered tharty in Northern Ireland. The address of the registered office is 11 Main Street. Maghera. Co. Derry, BT46 5BN. Statement of compliance Thes8 finantaal statements hav8 been prepared in compliance with FRS 102, 'The Flnanual Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to ¢harities preparing th@Ir accounts in accordance with the Financial Reportlng Standard applicabl8 in the UK and Republic of Ireland (FRS 102) (Charith'es SORP {FRS 102)) and the Companies Act 2006. Accountlng policles 8asls of preparation The financial statements have beèn prepared on Ihe historical cost basis, as modified by Ihe revaluation of certain financial assets and liabilib'es and investrnent properties measured at fair value through income or expenditure. Th8 financial statements are prePa￿d In sterling. which is the )lJnctional currency of the entity. Going concem There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the disrxetion of the trustees to further any of th8 charity's purposes. Designated funds are unrestri¢tgJ funds earmarked by the trustees for partlcular future project or ¢ommitmenL Restrict8d fijnds are subjected to restrictions on their expenditure declared by the donor or through thé temis of an appèal, and fall into one of ￿ sutrpdasses.. restri¢ted income funds or endowment funds. MHS Heritsge & Culture Ltd Company Llmlted by Guarantee Notes to the Flnancial Ststements {contlnu•d) Year ended 31 March 2023 Accountlng policles (eonttnu•d) Incoming resources All incoming resources are in¢lvded in the statemerrt of financial activities when entitlement has passed to the chanty,. it is probable that the economic benefits associated with the transaction 11 Ilow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categones of income" inc￿rne from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probatrAe and entitlement is established. income trom donated goods is m8asur8d 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 estimated resale value. Donated facilities and services are re¢ognis8d in the accounts when re¢eived if the value can be reliabty measured. No amounts ar8 included for the contribution of general volunt8er$. in¢ome from contracts for the suppty of seNices is reeognised with the delivery of the contracted service. This is dassified as unrestricted fund$ unl8ss there Is a contractual reqUi￿rnent for it to be Spent on a particular purpose and relurned if unsp8nt. in which case it may be regarded as r8Stricted. Resources expond•d Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure incltsdes any VAT which cannot be fully recovered, and is clas￿fied under headings of the statemént of financial aclivits'es to which it relatss.. ex￿nditUre on raising funds indudes thé costs of all fundraising activities, events, non19 1,865 8,914 20.073 8.875 28,948 15,806 3,109 1,119 216,785 195,882 12,749 1,781 2,095 10,568 241.883 212,348 At 31 Mard12022 2,238 12,133 14. Creditors." amounts falllng due withln one year 2023 2022 Bank loans and overdrafts Trade creditors Accruals and deferred income Social secLffity and other taxes 4063 5.063 327 1,000 1,005 1,000 1,318 7,381 7.395 15. Credltors: amounts falling due after more than one year 2023 2022 Other credrtors 37,581 39.682 16 MHS Heritage & Culture Ltd Company Llmited by Guarantee Notes to the Flnanclal Statements (eontlnu Year ended 31 March 2023 16. Analysis of charflable funds Unrestrfcted funds At 1 April 2022 At Income Expenditure 31 March 2023 Unrestrlcted fiJnds 10,443 4,431 14.874 Restricted funds 1 April 2022 At Income Expenditurè 31 March 2023 Restricted Fund 207,722 53.316 {68,118) 192,922 17