COMPANY REGISTRATION NUMBER: N1037711 CHARtrY REGISTrATION NUMBER: 108177 Mullaghmore and Castleview Community Association Company Limited by Guarantee Unaudited Financial Statements 31 January 2025
Mullaghmore and Castleview Community Association Company Limited by Guarantee Financlal Statsments Year ended 31 January 2025 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees ststement of financial activities (including income and expenditure account) ststement of financial posttion Notes to the financial ststements The following pages do not form part of the flnancial statem•nts Delailed ststement of finanrAal activities 15 Notes to the detailed statement of financial activities 16
Mullaghmore and Castleview Community Association Company Limited by Guarantee Trustee8' Annual Report (Incorporating the Dir•¢torfs Report) Year ended 31 January 2025 The trustees, who are also the directOT5 for the purposes of company law, present their report and the unaudited finaneial statements of the charity for the year ended 31 January 2025. Reference and administrative detai Regislored charity name MullaghrrKJre and Castleview Community Assoriation Charlty roglstrallon numbor Company registralion number N1037711 Principal office and roglstered 21A Kncckshee Park Mullaghmore Omagh County Tyrone BT79 7PH 108177 The trusts08 S Reid A coan C Grimes M M¢Kieman P coan Independent exarnln•r Nial Colhoun Unil 815 Om4h Enterprise Centre Great Northem Road OMAGH Co Tyrone BT78 SLU Structurn and govemance The trustees. who are also th8 director5 for the purposes of company law, a elected on an annual basis. Trustees take risk managetTEnt 5erKJusty and have in pl* prccedures of how the charty should be managed. The Trustees meet on a regular basis and a respjnsible for the strategic dlrection of the charity. Objectlves and actfvhies The charity's Fxincipal ¥tivity is to ensure Ihat those INing in the area woukl be ab to access and experience the same opportUneS as their peers. The area has been renISed as a Focket of high deprivation in a largely affluent area and it is wrth this in mind that we strNe to ensure our community achieve these aims.
Mullaghmore and Castleview Community Association Company Limlted by Guarantee Trustoes, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 January 2025 Achievemonts and perlormance The charity continues to be very busy. The charity works with public and private bodies. including Department for Communities, FODC and Nl Housing Executive to provide seNices for the local communty to maintain and improve mental, physical, social and educational wèllbeing. Throughout the year the charity successfully held many events in the centre including fftness and musical classes, along with trips, partictu5arly for the youth lo Jungle Nl and Arm8gh Observatory amoung others. Flnanclal revlgw Mullaghmore and Castleview Community Association had an overspend of £25,374 for the year ended 31 January 2025, compared to generating a surplus of £10,470 in the previous ffnancial year. The net asset position at 31 January 2025 is £65,273. of which £6,343 is classified as restricted. Small company provlsions This report has been prepared in a¢o)rdan with the provisions applicable to companies entitled to the s11 companies exemption. The trustees, annual report was approved on 17 December 2025 and signed on behalf of the board of trustees by.. a CR+J Cfy- P Colgan Trustee
Mullaghmore and Castleview Community Association Company Limitsd by Guarants• Independent Examinerfs Report to the Tte8$ of Mullaghmorn and Castlavlew Community Association Year onded 31 January 2025 I report to the trustees on my examinati of the financial slatsffents of Mullaghrnre and Castlewew Communty Association (the charw) for the year ended 31 January 2025. Responslbilities and basis of As the trustees of the company (and also its dIr[S for the purposes of company 18w} you are responsible for the preparation of the finanal 5tatemenis in accordance 7Mth the requirements of Charities Act (Northern Ireland) 2008 {the '2008 A£Y} and the Companies Act 20( I'the 2006 Act'i. You are satisfied that the accounts of the company are not requirgJ by charity or wmpany law to be audited and have Chosen instead to have an independent examination. Having satisfied myseK that the acDJunts of the o)mpany are not required to audf(ed under Part 16 of the 2006 Act and are eligib for independent examination. I report in reSt of my examinatr.on of the charity's financial statements as carried oul under wtion 65 of the 28 ACL In tsrrying out my examination I have followed the geneTal Direcn$ given by the Charity Commission for Norlhem Ireland under section 6519){b} of the 2008 Act Independont examlnerfs statement I have completed my eXamInatn. I confimi ihat no matters have come to my attenticm in cOnn'0n with My examination giving me cause to believe that in any material respect.. accounting reccKd5 were not kept in respect of the charity as required by sectpjn 386 of the 20C6 A¢(" or the financtal staternents do not accord with those records: or the finanaal ststements do not comply wfjth the accounting requirements of section 3* of the 2006 Act other than any requirement that the a¢counts give a 'true and fairf view which is not a matter considered as part of an independent examinabon,. or the finanoal statements have rK)t been prepared in aLxordance wtth the methtyJ$ and principles of the Statement of Recommended Practice for accounb.ng and reporbng by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)
Mullaghmore and Castleview Community Association Company Limitsd by Guarantee Independent Examiner's Report to the Trusts88 of Pllullaghmore and Castleview Community Assoclation (¢ontinu8dJ Year ended 31 January 2025 I confirm Ihal there are no other matters to which your attention should be drawn to ènable a proper understanding of the accounts to be reached. Ni81 Colhoun Independent Examiner Unit B15 Omagh Enlerpdse Contre Great Northem Road OMAGH Co Tyrone BT78 SLU 17 December 2025
Mullaghmore and Castleview Community Association Company Limited by Guarants• Statement of Financial Activities (Including income and expenditure account) Year ended 31 January 2025 2025 unrestr Restricted funds funds Total funds Tt)lal funds 2024 Income and 0ndonents Donat1nS and legacies Charitable actNities 6.435 17.201 23,636 18.639 25.074 17,201 66,773 11,624 78,397 Total InMe 18.639 42,275 Expenditu Expendilure on charitable activibes Total expendiiur• 22,187 45,462 67,649 67.649 67,927 67,927 22,187 Net lexpondllure}lincome and nat movement in funds 1,449 (26,23) 125,3741 10.470 Reconciliation of funds Total funds brought forward Total fvnts carried forward 57,481 58.930 33,186 6,343 ,647 65,273 80.176 90,647 The statement of financial activtites include5 all gains and losses rec(y3nised in the year. All income and expenditure derive from continuing activtties. Th• n¢)tss on pagM 8 10 13 forni part of theBe financial statements.
Mullaghmore and Castleview Community Association Company Limlted by Guarantee Statsment of Financial Position 31 January 2025 2025 2024 Fixed assets Tangible fixed assets 10 382.782 402.903 Curr•nt assets Debtors Cash at bank and in hand 11 1.485 2,582 4,C67 2.268 32.882 35,150 Creditors: amounts falling due wlthln one year Net current Ilabllitios 12 6,093 (2.026) 380.756 10,567 24.583 Total a$sets1oss current Ilabilities 427,486 Credttorn: amounts falllng due aftor more than one yoar Not assets 13 315,483 65,273 336.840 90,646 Funds of the charity Restricted funds Unrestrict&d fiJnd$ 6.343 58,930 65,273 33,1e6 57,481 ,647 Tolal charity funds 15 For the year ending 31 January 2025 the tharity was entiued to exemption from audit under section 477 of the Companies Act 20¢A relating to small wmpanies. DirectOT5' restKJnsibilities.' The members have not required the company to obtsin an audit of its financlal statements for the year in questt.on in accordance wtth section 476; The ditorS ackn(hvledge tr1r responsibilities for comptying with the requirements of the Act with respect lo accounting [rdS and the preparation of financial strdterrents. These financial slatements have teen prepar in accordan wlth the provisKtns applicabfe to companies subject to Ihe small companies, regime. The ststement of financial position continues on the following page. Th• notss on pages 8 to 13 form part ofthese flnan¢lal statements.
Mullaghmore and Castleview Community Association Company Limited by Guarantee ststement of Financial Position {cuhinu•dJ 31 January 2025 These financial statements were approv by the board of trustees and authorisgj for issue on 17 December 2025, and are signed on behalf ofthe board by: C Grimes Trustee P Colgan Trustee The not•s on pag•s 8 to 13 forni part of these fin•181 statemeTts.
Mullaghmore and Castleview Community Association Company Limit•d by Guarantee Notes to the Financlal Ststements Year ended 31 January 2025 General Information The charity is a public benefit entity and a prNate company limited by guarantee. registered in Northern Ireland and a registered charity In Northem Ireland. The address of the registered office is 21A Knockshee Park, Mullaghmore, Ornagh, County Tyrone, BT79 7PH. The principal athity of the compaTry is to improve the condttions of life for Inhabitants of Mullaghmore and Casueview and the district of Omagh. statement of mplIance These financial Statents have been prepared In Complian 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 Republic of Ireland IFRS 1021 {Charities SORP {FRS 102)) and the Companies Act 2006. Accounting pollclgs Basts of preparatlon The financial statements have been prepared on the historical $t basis. Going concern The trustses are in regular contact with local authorities to seGure new sources of grant aid to help with programme costs, and aw confident they will seGure the same level of rental income for the next e1ve months. The trustees are of the view that measures taken post year end have helped secure the immediate future of the ¢ompany and therefor8 contlnue to adopt the going concem basis in the preparation of the aounts. Judgements and key 80urces ol estlmation uncertalnty The preparation of the flnancial statements requires management to m8ke judgements, estimates and assumptions that affect the amount5 reported. These estimates and judgements are continually reviewed and are based on expertence and other factors, including expectations of future events that are believed to be reasonable under the arcumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of Ihe charity's purposes. Restricted funds are subjected to restrictions on their expendtture declared by the donor or through Ihe terms of an appeal, and fall into one of two 5ub-c(asses.' re51riGled income funds or end¢)wment funds.
Mullaghmore and Castleview Community Association Company Limited by Guarants• Notss to the Financial Statements (conbnu•d) Year ended 31 January 2025 Accounting polkles fconbnu Incomlng resources All income is irbcluded in the Statement of Financial A¢livib'es when entitlement has passed to the Charity, il is probable that Ihe economic benefits associated wrth the transaction will flow to the charity and the amounl Can be reliabty asle. The following specific policies are applied to particular categories of incorre". income from donatnS or grants is recognised when the is evidence of enb"tlement to the gift. receipt is probabk and rts arUnt can te measured reliabty. income from contracts for the svppty of Serv is reccgnised wrth the delivery of the contracted serVe. This is classified as unreslricled lunds unless there is a conlraclual requirement fof It lo be spent on a partscular purpose and retumed if unspent, in which case it may be regarded as restricted. Resourc oxpend•d Expenditure is recognised on an accruals basis as a liability is incufred. Expenditure includes any VAT whh cannot be lully recovered. and classified under headings ol the statement ol financial acl¢vibes lo which Il relates expenditure on raising fvnds includes the ¢osts of all fvndraising activit5. events. non-charitable trading activilies, and the Sa of donated goc#Js. expenditure on chafitable aclNities includes all costs incurred by a charity in undertaking activitS that further Ils charitable aims for the benefit of rts beneficiaries, including those support costs arsd cosls relabng lo the governance of the charity apporboned to charitable a¢livilies. other exp8nditure includes all expendrture thal ts neither related to ratsing funds for the charty nor part of ils expenditure on chanlable activities. All costs are allouted lo expenditure categories refiecling the use of the resource. Direct costs attributsble to a single activsty are allocated direclly lo that activity Shared costs are apportioned beeen the activities they contribute to on a reasonable, iustt"fiable and consistent basis. Tanglble ass•ts Tangible assets are inrtially recorded al cost, and subsequentty ststed at cost less any accumulated depfecialbon. Doprnclation Depreciation is calculated so as to write off the cost or valuab.on of an asset. less its residual value, over the useful economK lrfe of that asset a$ follows.. Land ECO Building Equipment 2% Strah1 line 50A slraighl line 20% reducing balance
Mullaghmore and Castleview Community Association Company Limited by Guarantee Notes to tho Financial Statemants f¢ontlnu8dJ Year ended 31 January 2025 Accountlng policies (conllnu8dJ Government grants Government grants are reccgnised at the fair value of the assel receNed or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the Condthons attaching to them and the grants will be received. Imere the grant not impjse specified future performance-related ¢ondttions on the recipient, it is recognised in IrQme when the grant proceeds are received or receivable. lthere the grant does impose SPlfied fvture performance-related conditions on the recipient, rt is recognised in income only when the performance-related conditions have been met. Where grants receNed are prior to satisfying the revenue recognition criteria, they are recognised as Llmlted by guarantee Mullaghmore and CasUevi8w Communtty Association is a company limited by guarantee and accordingw does not have a share capital. Donations and lega¢i08 Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations 6,435 6,435 Grants Western Hea]th and Social Care Trust British scien Association Department for Communities grant Northern Ireland housing executNe Council grant National Lottery grant 4,750 4,750 926 791 12.172 18.639 926 791 12,172 6.435 25,074 Unrestricted Funds Restricted Total Funds Fund8 2024 Donations Donations 7,669 7,669 10
Mullaghmore and Castleview Community Association Company Limited by Guarantee Notes to the Financial Statements (corttthu Year ended 31 January 2025 Donatlon8 and legacle8 (confinu8dJ Unrestricted Funds Restricted Total Funds Funds 2024 Grants Westem Hea and sla1 Care Trust British scien Association Department for Communities grant Northern Ireland housing executive Council grant National Lottery grant 2.325 500 1.345 4,735 1.512 48.687 2.325 500 1,345 4,735 1,512 48,687 66,773 7,669 59.104 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rentsl Income 17,201 17,201 11,624 11,624 Expenditure on charltable actlvltios by actlvlty typo ActNTb"es undertaken directty SupF<Jrt costs Total funds 2025 Total fund 2024 Charitable activities Govemance costs 66,123 66,123 1,526 67,649 66.576 1,351 67,927 1,526 66,123 1,526 Net1oxpenditureVlncome Net lexpenditure)lincome is ststed after chargingllcrediting).. 202S 2024 Depreciation of tangible fixed assets 20.604 20,998 Truslee remuneratson and expenses No remuneration or other b&nefrts from employment with the charity or a related entity were eived by the trustees. 11
Mullaghmore and Castleview Community Association Company Llmlted by Guarantee Notes to the Financial Statsments (cthdJ Year ended 31 January 2025 10. Tanglblo fixod assets Freehold proF¢ty Plant and machinery Equipment Total At 1 Febnjary 224 Addrtions 492,404 198.031 42,406 483 732,841 483 At 31 January 2025 Depreciation At 1 February 2024 Charge for the year At 31 January 2025 Carrying amount At 31 January 2025 At 31 January 2024 492.404 198.031 42,889 733,324 192,719 9,9)2 202,621 104,YJ9 8,648 32,620 2,054 34.674 329,938 20,604 113,247 350,542 289.783 84,784 93.432 8.215 382,782 402.903 299,685 9,786 11. Debtor8 2025 2024 Trade debtors 1,485 2,268 12. Crodltors: amounts falling due wfthln one year 2025 2024 Trade creditors Social security and other taxes 3,119 2,974 7,334 3,233 6,093 10,567 13. Credltors.. amounts falllng due after more than ong year 2024 AccruaL8 and deferred inco 315,483 336,840 1& Govèrnment grantg The amunts reccgnised in the financial staternents for govemment grants are as follow5.' 2024 Recognised in creditors: Deferred govemment grants due after more than orte year 315,483 336,840 12
Mullaghmore and Castleview Community Association Company Limitsd by Guarantee Notos to the Financial Statements (contsnued) Year ended 31 January 2025 15. Analysis of ¢harltable funds Unre8trictsd funds At 1 February 20 24 At 31 January 2 026 Income Expendtture General funds 57,481 23,636 (22.187} 58,930 At 1 February 20 23 At 11 January 20 24 Income Expenditure General funds 54,065 19,293 {15,8771 57,481 Reslrict8d funds At 1 February 20 24 At 31 January 2 025 Income Expenditure Re51ri¢ted Funds 33,166 18.639 (45,4621 6.343 At 1 February 20 23 At 31 January 20 24 Income Expenditure Restricted Funds 26,111 59.104 (52,049) 33,166 13
Mullaghmore and Castleview Communlty Association Company Limited by Guarantee Managam•nt Infonnatlon Year ended 31 January 2026 The followlng p•geo do not forni part of th• flnandal statsments. 14
Mullaghmore and Castleview Communlty Association Company Limitsd by Guarantse Detalled Statement of Financial Activities Yaar ended 31 January 2025 2025 2024 Income and endowments Donatlons and legacies Donations Weslem Health and Social Car8 Trust British Science AsscKjatn Department lor Communities grant Northem Ireland housing executive Council grant National Lottery grant 6.435 4,750 7,669 2,325 500 1,345 4,735 1,512 48,687 926 791 12,172 25,074 66.773 ChaTitablo aclivltl85 Rental Income 17,201 11,624 Total incomo 42,275 78,397 Expenditure Expenditure on charitable activlues Wages and salaries Other poSt-retirnenl beneffts Rates and water Light and heat Repairs and maintenance Insurance other establishment Legal and professional fees Telephone Am0rtisation Depreciation other interest payable and simikgr charges DetailedSOFAExpenditureOnCharTtableAcbvitsesTyF*2H DetailedSOFAExpenditureOnCharttableAcbvitsesTyFe4H 12.836 100 1.565 6,803 2,321 3,407 5.055 1,584 1.535 121,3571 20,604 229 1.973 30.994 27,425 2,738 1,426 9.736 1.503 1.578 1.559 1,416 1,415 121.3571 20.998 125 391 18,974 67,649 67,927 Total expenditilre 67,649 67,927 Net lexpendltureyincome (25,3741 10,470 16
Mullaghmore and Castleview Community Association Company Limited by Guarantee Notss to the Detailed Statement of Financial Aclivities Year ended 31 January 2025 2025 2024 Expendlture on charltable activitle5 Charltable actlvltles Activities undertaken dlrecty Co-ordinator wages Reimbursff*nt of CO•ordinator expenses Rates and water Light and heat 12,836 100 1,565 6,803 27,425 2,738 1,428 9,736 É 11 Repairs and rrraintenance Insurance Hall refurbishment Legal and professional fees Telephone and intemet Amorlisation of govemment grant Depreciation Bank Qharges Sundry expense5 Children and Health programrrEs 2,321 3.407 5,055 1,503 1,578 1,559 1,535 {21.3571 20.604 229 1.973 30.994 1,415 (21.357) 20,998 125 391 18,974 86,123 66,576 Governance c08ts Accountancy fees 1,526 1,351 Expendlture on eharitable activitles 67,649 67,927 16