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