Registered number.. N1660774 MADLUG FOUNDATION LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
Madlug Foundation Limited Contents Page Company Information Accountants, Report Income and Expenditure Account Balance Sheet The following pages do not form part of the statutory accounts: Detailed Income and Expenditure Account
Madlug Foundation Limited Company Information For The Year Ended 30 April 2024 Directors Mr David Linton Mr Leigh Brown Mr Murray Gardiner Ms Dearbhla Holohan Ms Sarah-jane Mowbray Mr Gareth Rees Company Number N1660774 Registered Office 10 Glenview Drive Lurgan Craigavon BT66 6ES Accountants Pacem Accounting & Tax Advisory Chartered Tax Advisers First Floor, Stirling House 478 Castlereagh Road Belfast Antrim BT5 68Q Page I
Madlug Foundation Limited Accountants. Report For The Year Ended 30 April 2024 In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us. This report Is made to the dirertors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report. You have acknowledged on the balance sheet as at year ended 30 April 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instrurted to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Signed 0210912024 Pacem Accounting & Tax Advisory Chartered Tax Advisers First Floor, Stirling House 478 Castlereagh Road Belfast Antrim BT5 6BQ Page 2
Madlug Foundation Limited Income and Expenditure Account For The Year Ended 30 April 2024 2024 2023 TURNOVER 88,788 (102,619) {21,846) 99,947 (95,7381 (21,9551 Cost of raw materials and consumables other charges NET DEFICIT {35,677) (17,7461 Page 3
Madlug Foundation Limited Balance Sheet As At 30 April 2024 2024 2023 Current assets 189,139 224,816 NET CURRENT ASSETS 189,139 224,816 TOTAL ASSEfs LESS CURRENT LIABILrrIES 189,139 224,816 NET ASSETS 189,139 224,816 RESERVES 189,139 224,816 Notes l. General Information Madlug Foundation Limited is a private company. limited by guarantee. incorporated in Northern Ireland, registered number N1660774. The registered office is 10 Glenview Drive, Lurgan, Craigavon, BT66 6ES. 2. Average Number of Employees Average number of employees, including directors. during the year was.. NIL (2023: NIL) 3. Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the a55ets of the company. in the event of a winding up, such an amount as may be required not exceeding £1. For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Art with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions. On behalf of the board Mr Leigh Brown Director 0210912024 Page 4
Madlug Foundation Limited Detailed Income and Expenditure Account For The Year Ended 30 April 2024 2024 2023 TURNOVER Donations- Madlug bag sales Third Party Donations Speaker fees Project income 87.195 1,443 150 94,450 3,083 1,950 464 88.788 99,947 COST OF RAW MATERIALS AND CONSUMABLES Purchases Project direct costs 100,743 1.876 87,465 8,273 (102,619) (95,7381 OTHER CHARGES other direct costs.- Import duties other direct costs 346 4,204 204 346 4,408 General administration costs.. Insurance Postage Advertising and marketing costs Training seminars and workshops Accountancy fees Charitable donations 612 14,601 3.009 836 6,007 5,345 366 600 816 5,000 13 Sundry expenses 1.842 21.500 17,547 {21.846) (21,9551 NET DEFICIT 135.677) (17,7461 Page 5