Charity number: NI00892 Company number: NI665974
Moneydarragh Community Hub Limited (A company limited by guarantee)
Trustee's report and financial statements
for the year ended 31 March 2025
Moneydarragh Community Hub Limited (A company limited by guarantee)
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustee's report | 2 - 4 |
| Independent examiners' report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 - 8 |
| Notes to the financial statements | 9 - 13 |
Moneydarragh Community Hub Limited (A company limited by guarantee)
Legal and administrative information
| Charity number | NI00892 |
|---|---|
| Company registration number | NI665974 |
| Registered office | 101 Longstone Road |
| Annalong | |
| Newry | |
| Co. Down | |
| BT34 4UZ | |
| Trustee | Hugh Cox |
| Mary Cox | |
| Camilla Fitzpatrick | |
| James-Joseph McVeigh | |
| Claire Mooney | |
| Margaret Teresa Rogers | |
| Marian Fitzpatrick | |
| Roisin Rooney | |
| Accountants | Mooney Matthews |
| Suites XO Formation Works | |
| 2 Edenaveys Industrial Estate | |
| Armagh | |
| BT60 1NF | |
| Bankers | First Trust bank |
| 30 Greencastle Street | |
| Kilkeel | |
| Co.Down | |
| BT34 4BH |
Page 1
Moneydarragh Community Hub Limited (A company limited by guarantee)
Report of the trustee (incorporating the director's report) for the year ended 31 March 2025
The trustee presents his report and the financial statements for the year ended 31 March 2025. The trustees, who are also directors of Moneydarragh Community Hub Limited for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The Association and its property shall be administered and managed in accordance with the constitution by the members of the Management Committee.
Objectives and activities
Objectives
To establish a Community Facility and to maintain and manage this facility for activities promoted by the Association in conjunction with any relevant voluntary and/or statutory authorities.
Activities
To organise educational, recreational, creative activities and to provide facilities in the interests of social welfare to enrich the quality of life, stimulate creativity and address social isolation for the inhabitants of the Moneydarragh, Ballyvea and its environs (hereinafter described as "the area of benefit") without distinction of age, sex, race, political, religious or other opinion.
Achievements and performance
Moneydarragh Community Hub (MCH) was formally established in June 2018 at a meeting of a group of over 80 local people who have a vision to retain the school site as a Community Hub (the school closed in June 2018 due to the amalgamation of 3 local primary schools). There is a long history of community involvement with, and attachment to, the former school. Originally a hedge school from the 1780's, the first single-room building was erected in 1826, followed by a two-room schoolhouse in 1832. The current Building was erected in 1898 and was extensively modernised in 1988. Since then up to date electrical and communication systems including computer hubs and whiteboard facilities have been installed.
A Management Committee was elected at the inaugural General Meeting held on 9th September 2018. Meetings take place on a monthly basis and more frequently as needed. A number of open meetings have been held to ensure that local community was kept informed and their views sought. MCH has been fortunate in being able to recruit a high-calibre group of members to its Management Committee with a wide range of professional, technical and vocational skills. Within the local community, there are a large number of professionals and tradesmen who have agreed to donate valuable time and skills (up to one week (40 hrs) each per year to cover essential tasks and maintenance and repair items.
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" Public Meetings & Needs assessment to ascertain the needs of the area
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" Liaison with statutory bodies to improve the environment of the area
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" Walking group - Active and Healthy Community Sponsored by NMD District Council
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" Regeneration of School Lane -Biodiversity Project Sponsored by NMD District Council
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" Men's Shed/Gardening Club
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" Enterprise development and Training with Newry Enterprise Agency
Financial review
During the year ended 31 March 2025, the charity generated total income of £145,968 (2024: £142,327), primarily from grant funding (£98,160), fundraising activities (£36,270), and donations (£11,538). This reflects continued support from funders and the local community.
Page 2
Moneydarragh Community Hub Limited (A company limited by guarantee)
Report of the trustee (incorporating the director's report) for the year ended 31 March 2025
Total expenditure was £82,358 (2024: £72,390), including staff costs, establishment and running costs, and depreciation on capital assets. The charity reported a net surplus of £63,610, resulting in total funds carried forward of £162,583, comprising £160,903 in unrestricted funds and £1,680 in restricted funds.
Restricted funds at year-end relate to grants received close to the reporting date and are expected to be expended in the next financial period. The unrestricted fund includes amounts invested in the community facility and available reserves to support the charity’s ongoing objectives.
The charity continues to maintain a healthy financial position, supported by strong community engagement and successful project delivery.
Statement of trustees' responsibilities
The trustees (who are also directors of Moneydarragh Community Hub Limited for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Page 3
Moneydarragh Community Hub Limited
(A company limited by guarantee)
Report of the trustee (incorporating the director's report) for the year ended 31 March 2025
On behalf of the board
Hugh Cox Director
23 October 2025
Page 4
Moneydarragh Community Hub Limited
(A company limited by guarantee)
Independent examiner's report to the trustees on the unaudited financial statements of Moneydarragh Community Hub Limited.
I report on the accounts of Moneydarragh Community Hub Limited for the year ended 31 March 2025 set out on pages 2 to 13.
Respective responsibilities of trustees and independent examiner
The charity's trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. It is my responsibility to state, on the basis of my examination, whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
Mooney Matthews
Chartered Accountants & Registered Auditors
Independent examiner
11 College Street Armagh
BT61 9BT
Page 5
Moneydarragh Community Hub Limited
(A company limited by guarantee)
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 March 2025
| Unrestricted Restricted funds funds Notes £ £ Incoming resources Incoming resources from generating funds: Voluntary income 2 14,138 95,560 Activities for generating funds 3 36,270 - Total incoming resources 50,408 95,560 Resources expended Staff costs 5 - 7,800 Operating leases 6,000 - Establishment costs 24,888 24,809 Accountancy fees 1,800 - Legal and professional fees 2,600 - Depreciation and impairment 10,462 - Other costs 3,999 - Advertising & marketing - - Total resources expended 49,749 32,609 Net incoming/(outgoing) resources for the year / Net income/(expense) for the year 659 62,951 Total funds brought forward 19,497 79,477 Total funds carried forward 20,156 142,428 |
2025 Total £ 109,698 36,270 145,968 7,800 6,000 49,697 1,800 2,600 10,462 3,999 - 82,358 63,610 98,974 162,583 |
2024 Total £ 119,610 22,717 |
|---|---|---|
| 142,327 | ||
| - - 51,736 1,800 3,109 9,289 4,594 1,862 |
||
| 72,390 | ||
| 69,937 29,037 |
||
| 98,974 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 9 to 13 form an integral part of these financial statements.
Page 6
Moneydarragh Community Hub Limited
(A company limited by guarantee)
Balance sheet as at 31 March 2025
| Notes Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 10 Accruals and deferred income 11 Net assets Funds 12 Restricted income funds Unrestricted income funds Total funds |
2025 £ £ 243,638 10,818 44,563 55,381 ) (9,967 45,414 289,052 ) (65,509 ) (60,957 162,583 1,680 160,903 162,583 |
2024 £ £ 166,772 - 84,697 84,697 ) (16,335 68,362 235,134 ) (73,959 ) (62,201 98,974 79,477 19,497 98,974 |
|---|---|---|
The Balance Sheet continues on the following page.
The notes on pages 9 to 13 form an integral part of these financial statements.
Page 7
Moneydarragh Community Hub Limited (A company limited by guarantee)
Balance sheet (continued)
Trustee statements required by the Companies Act 2006 for the year ended 31 March 2025
In approving these financial statements as trustee of the company I hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2025.
(c) that I acknowledge my responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
The financial statements were approved by the board on 23 October 2025 and signed on its behalf by
Hugh Cox Director
The notes on pages 9 to 13 form an integral part of these financial statements.
Page 8
Moneydarragh Community Hub Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2025
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Land and buildings Straight line over 50 years - Fixtures, fittings and equipment 25% straight line
Page 9
Moneydarragh Community Hub Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2025
1.6. Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Voluntary income
| Voluntary income | ||
|---|---|---|
| Unrestricted Restricted funds funds £ £ Donations 11,538 - Grants receivable 2,600 95,560 John Moores Foundation - - 14,138 95,560 |
2025 Total £ 11,538 98,160 - 109,698 |
2024 Total £ 8,647 108,163 2,800 |
| 119,610 |
3. Activities for generating funds
4.
| Activities for generating funds | ||
|---|---|---|
| Unrestricted funds £ Fundraising events 26,542 Other activities for generating funds income 9,728 36,270 Net incoming resources for the year Net incoming resources is stated after charging: Depreciation and other amounts written off tangible fixed assets |
2025 Total £ 26,542 9,728 36,270 2025 £ 10,462 |
2024 Total £ 3,019 19,698 |
| 22,717 | ||
| 2024 £ 9,289 |
Page 10
Moneydarragh Community Hub Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2025
5. Employees
| Employment costs Wages and salaries No employee received emoluments of more than £60,000 (2024 : None). |
2025 £ 7,800 |
2024 £ - |
|---|---|---|
Number of employees
The average monthly numbers of employees (including the trustee) during the year, calculated on the basis of full time equivalents, was as follows:
| time equivalents, was as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| Number | Number | |
| Employees | 1 | - |
6. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
7.
| Land and Fixtures, Tangible fixed assets buildings fittings and freehold equipment £ £ Cost At 1 April 2024 165,832 23,889 Additions 82,909 4,419 At 31 March 2025 248,741 28,308 Depreciation At 1 April 2024 7,716 15,233 Charge for the year 4,975 5,487 At 31 March 2025 12,691 20,720 Net book values At 31 March 2025 236,050 7,588 At 31 March 2024 158,116 8,656 |
Total £ 189,721 87,328 |
|---|---|
| 277,049 | |
| 22,949 10,462 |
|
| 33,411 | |
| 243,638 | |
| 166,772 |
Page 11
Moneydarragh Community Hub Limited
(A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2025
| 8. Debtors Trade debtors 9. Creditors: amounts falling due within one year Trade creditors Other taxes and social security Other creditors Accruals and deferred income 10. Creditors: amounts falling due after more than one year Bank loan Community Loan 11. Accruals and deferred income Deferred income At 1 April 2024 Increase in year Released in year At 31 March 2025 |
2025 £ 10,818 2025 £ 3,066 89 1,200 5,612 9,967 2025 £ 34,509 31,000 65,509 2025 £ ) (62,201 - ) (62,201 1,244 ) (60,957 |
2024 £ - 2024 £ 980 - - 15,355 16,335 2024 £ 35,959 38,000 73,959 2024 £ ) (28,800 ) (34,001 ) (62,801 600 ) (62,201 |
|---|---|---|
Page 12
Moneydarragh Community Hub Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2025
12. Analysis of net assets between funds
| Unrestricted | Unrestricted | Restricted | Restricted | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||||||
| £ | £ | £ | ||||||||||
| Fund balances at 31 March 2025 as represented by: | ||||||||||||
| Tangible fixed assets | 243,638 | - | 243,638 | |||||||||
| Current assets | 53,701 | 1,680 | 55,381 | |||||||||
| Current liabilities | (9,967 | ) | - | (9,967 | ) | |||||||
| Long-term liabilities | (126,469 | ) | - | (126,469 | ) | |||||||
| 160,903 | 1,680 | 162,580 | ||||||||||
| 13. | Unrestricted funds | At | At | |||||||||
| 1 April | Incoming | Outgoing | 31 March | |||||||||
| 2024 | resources | resources | Transfers | 2025 | ||||||||
| £ | £ | £ | £ | £ | ||||||||
| Unrestricted Funds | 19,497 | 50,408 | ) (49,749 |
140,748 | 160,903 |
Purposes of unrestricted funds
Funds which are expendable at the discretion of the Directors in furtherance of the objects of the charity.
| 14. | Restricted funds | At | At | |||||
|---|---|---|---|---|---|---|---|---|
| 1 April | Incoming | Outgoing | 31 March | |||||
| 2024 | resources | resources | Transfers | 2025 | ||||
| £ | £ | £ | £ | £ | ||||
| Restricted funds | 79,477 | 95,560 | (32,609 | ) | (140,748 | ) | 1,680 |
Purposes of restricted funds
Grants or donations received, which are earmarked by the donor for specific purposes within the overall aims of the organisation.
15. Company limited by guarantee
Moneydarragh Community Hub Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Page 13
Moneydarragh Community Hub Limited (A company limited by guarantee)
The following pages do not form part of the statutory accounts.
Moneydarragh Community Hub Limited (A company limited by guarantee)
Detailed statement of financial activities
For the year ended 31 March 2025
| Incoming resources Incoming resources from generating funds: Voluntary income Donations Grants receivable John Moores Foundation Activities for generating funds Fundraising events Other activities for generating funds income Total incoming resources from generating funds Total incoming resources Resources expended Costs of generating funds: Activity 1 Activity 1 - Staff - Salaries & wages Donations Programme Costs Rates & water Light & heat Repairs & maintenance Insurance Accountancy fees Professional Depreciation & impairment Other costs Advertising & marketing Total cost of generating voluntary income Fundraising trading: cost of goods sold and other costs Total costs of generating funds |
2025 £ £ 11,538 98,160 - 109,698 26,542 9,728 36,270 145,968 145,968 7,800 6,000 14,593 2,259 4,078 27,695 1,072 1,800 2,600 10,462 3,999 - 82,358 82,358 82,358 |
2024 £ £ 8,647 108,163 2,800 119,610 3,019 19,698 22,717 142,327 142,327 - - 38,205 78 5,035 6,327 2,091 1,800 3,109 9,289 4,594 1,862 72,390 72,390 72,390 |
2024 £ £ 8,647 108,163 2,800 119,610 3,019 19,698 22,717 142,327 142,327 - - 38,205 78 5,035 6,327 2,091 1,800 3,109 9,289 4,594 1,862 72,390 72,390 72,390 |
|---|---|---|---|
| 119,610 | |||
| 3,019 19,698 |
|||
| 22,717 | |||
| 142,327 | |||
| 142,327 | |||
| 72,390 | |||
| 72,390 | |||
| 72,390 |
Page 15
Moneydarragh Community Hub Limited (A company limited by guarantee)
| Detailed statement of financial activities | ||
|---|---|---|
| For the year ended 31 March 2025 | ||
| 2025 | 2024 | |
| £ | £ | |
| Charitable activities | ||
| Net incoming/(outgoing) resources for the year | 63,610 | 69,937 |
Page 16