Registered Company No. NI658876
Mulyata Childrens Mission
(a company limited by guarantee)
Unaudited financial statements and
Trustees’ report
For the year ended 31 December 2024
Mulyata Childrens’s Mission
Unaudited financial statements and trustees’ report for the year ended 31 December 2024
Contents
| Pages | |
|---|---|
| Reference and administrative details | 1 |
| Director’s and trustees’ report | 2-3 |
| Independent Examiner’s Report | 4-5 |
| Statement of financial activities | 6 |
| Balance Sheet | 7 |
| Notes to the financial statements | 8-10 |
1
Mulata Children’s Mission
Reference and administrative details
Name
Mulyata Children’s Mission
Charity Registration Number
NIC108738
Company Registration Number
NI658876
Directors
Mr A Harkness Mrs J Harkness Mr A Kerr Mrs S Kerr Mr W Steele Mr J Wright
Bankers
Danske Bank Limited 1-2 Broadway Ballymena Co Antrim BT43 6EA
Chartered Accountant
Mrs Elizabeth Blake FCA 17 Whinsands Close Fulwood Preston PR2 9AP
Tax Charity Number
NI00878
Secretary
Mrs S Kerr
Trustees
Mr A Harkness Mrs J Harkness Mr A Kerr Mrs S Kerr Mr W Steele Mr J Wright
Registered & Principal Office
91b Crosskeys Road Ahoghill Ballymena Co Antrim BT42 2QY
2
Mulyata Children’s Mission
Directors and Trustees’ Annual Report
The directors and trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ended 31 December 2024 which are also prepared to meet the requirement for a director’s report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act (Northern Ireland) 2008, the Companies Act 2006, the Memorandum and Articles of Association, and Account and Reporting by Charities: 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 (FSR102) (effective 1 January 2015).
Objectives and activities
The Principal objective is to raise funds to assist the community of Mulyata in the Copperbelt region of Zambia by providing food, clothing, medicine and assistance with education to the impoverished and the orphan children of the area.
Achievements and performance 2024
Mulyata Children’s Mission are thankful for the continued blessing of its operations in Mulyata Village, Zambia. An amount of £100460 was forwarded to the Mission in Zambia. The feeding programme continues along with the work of the pre-school, supply of medications and sanitary provisions to the local clinic and maintenance of the village water supply. The major project for the year of 2024 has been the construction of the initial four classrooms for a new Primary School in the village, completed and ready for the first intake at the start of the school year February 2025. The solar panel installation was also increased to provide for the extra load required by the Primary School.
Financial Review
The results for the year are set out in the statement of financial activities on page 6. The reserves that have accumulated since the charity was incorporated are £23850 unrestricted reserves which are available for immediate use to assist in achieving the charities objectives and £555 in funds reserved for spending on the solar system, at 31 December 2024. It is not the intention of the trustees to accumulate reserves but rather to continue to provide financial assistance to Mulyata, Zambia on the ongoing basis as funds become available. This policy will be reviewed annually by the trustees.
Structure, governance and management
The company is limited by guarantee. It is guaranteed by a Memorandum and Articles of Association and the liability of each member is limited to an amount not exceeding £10. The company is accepted as a charity for tax purposes. The trustees meet on a regular basis to review issues arising and to delegate tasks to the members. There is no provision in the Memorandum and Articles of Association requiring the trustees to be re-elected annually and the trustees may elect new members as required.
Reference and administrative details These are set out on page 1.
Mulyata Children'5 Mlsslon
SlatamBnt of dlrertow and trtst4rfs responslbllltles In rtspqrt of tho ann1 report and Ilrbwnclal %tatoments
ThE directOV5 and trustees aTE reSnSible lor Wqbarin8 the antsual report and Ihe flDan¢ki ststernents in
4¢cOrrtan with applicable laws and regulations.
Company l• teguire5 the dlrectors to prepare financlal Statements fo¢ eath finafTrcial yew. Ilnder thèt law the
directors have elected to prepare the ftnan¢lal statewTrents in accordance wlth United Klngdom Generally Acceptpd
Ac(Dunting Practlce (United Kin6dom Ac£ountln8 Stsndards and app Ikable law). Under MpanY law the difectQT5
U5t not 4pprovÈ the firtancial statement Ltnless they are Satt5fied that the glve a tNe and fair view c>1 the state
4
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MULYATA
I report on the accounts of Mulyata Children’s Mission for the year ended 31 December 2024 which have been compiled, without carrying out an audit, from the accounting records and information and explanations you have given to me
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the Companies Act 2006
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:
• examine the accounts under section 65 of the Charities Act (Northern Ireland)2008 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act)
• to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act
• to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An 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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
• to keep accounting records in accordance with section 63 of the Charities Act and section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations and
io prepare •C¢4uMtS' vrfhich arrord wrth the Kcounting records and cornpFw Vdith Ihe ao(ountlnB requlfement5 of the Choyliits A¢1 2008 5ettiDn 44(Illb) of the 2(N)5 Act 3nd Regulatt'on 9 Trf the 2{IC Regulation5 (21 to whiEh. in my opiniD(I, attentlon Should be ifj to ehiblt a propEr uhdèrStarlOinE of the a[UrStS to be re47ched. Elizabeth 813ke FCA 17 Whln5¥nds Close, Fufrwwd, PrE5ton. PR2 9AP 15th April 2Q25
6
MULYATA CHILDRENS MISSION
| Income Donations Gift Aid Shop Income Fundraising activities Total Income Expenditure Costs of raising funds Shop Expenses Bank Fees Printing and Stationary Fundraising expenses Expenditure on charitable activities: Donations towards Mulyata in Zambia Total Expenditure Net Income and net movement in funds for the year |
Unrestricted Funds 2024 £ 57,424 4,640 29,552 7,665 99,280 6,662 447 0 0 219 82,365 89,693 9,587 |
Restricted Funds 2024 £ 24,195 600 0 0 24,795 0 0 0 0 6,145 18,095 24,240 555 |
Total Funds 2024 £ 81,619 5,240 29,552 7,665 124,075 6,662 447 0 0 6,364 100,459 113,933 10,143 |
|---|---|---|---|
| Reconciliation of funds Total funds brought forward Net income for the year Total funds carried forward |
Unrestricted Funds 2024 £ 14,263 9,587 23,850 |
Restricted Funds 2024 £ 0 555 555 |
Total Funds 2024 £ 14,263 10,143 24,406 |
|---|---|---|---|
Furth 2Q24 FuTrdF 2034 55$ 24.4 95 9514 555 Thi •fht thzrly. Unrestred Int4knE fvn 23,850 24,4 95] $$5 The a(twits by•p gTeparÈd wlth the to 115 SW tts th sTrall and IA attorr1 wlth FF15102 S(k4P. For the year erded 31 Dwirnber 2014. thè was enAlÈd tD urthr Sertlrj 477 rrF t ¢Drnpanies Aa 2tMS rvlth¢ to small tDrnp Wpd thé tknemby5 rrf>t rewlrrfj tht t Att Ilbe dirÉttOrf tht rBpE¥kslblkns for the le94frts olthe XKJ6 wlth Teweec to fètofth 4rMI the Prra1 af •ruwrrt5 P¥È 6 ts 10 were 8pprtNd by th• d by thÈYrL J H*rkr•È Dlrett q815tered MlleS8tr75
8
Mulyata Children’s Mission
Notes to the financial statements for the year ended 31 December 2024
1 Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are set out below.
- a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2015) – (Charities SORP *FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
b) Preparation of the accounts on a going concern basis
The company has very few liabilities and accordingly, the assessment of the trustees is that the ‘charity’ is a going concern.
- c) Income recognition policies
Items of income are recognised and included in the accounts when all of the following criteria are met: -
-
The charity has entitlement to the funds;
-
There is sufficient certainty that receipt of the income is considered probable; and
-
The amount can be measured reliably.
-
d) Fund accounting
Unrestricted funds are those funds which are expendable at the discretion of the charity in furtherance of the purposes of the charity. In addition to expenditure on activities such funds may be held in order to finance working capital.
e) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation is measured reliably. Expenditure is classified under the following activity headings:
-
Costs of raising funds;
-
Expenditure on charitable activates includes the cost of monies transferred to Zambia;
-
other expenditure represents those items not falling into any other heading.
9
Mulyata Children’s Mission
Notes to the financial statements for the year ended 31 December 2024
1 Accounting policies cont’d
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
- f) Cash at bank and in hand
Cash at bank and in hand includes monies held in bank accounts.
- g) Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
- h) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised as transaction value and subsequently measured at their settlement value.
2 Legal status of the Charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
3 Taxation
Mulyata Children’s Mission is registered as a charity for tax purposes, and is recognised as a charity under reference NI00878.
The company is not registered for VAT.
10
Mulyata Children’s Mission
Notes to the financial statements for the year ended 31 December 24
4 Analysis of charitable funds
| 4 Analysis of charitable funds | ||
|---|---|---|
| Restricted | Unrestricted | |
| Funds | ||
| £ | ||
| Funds balance brought forward at 1 January 2024 | 14263 | |
| Net income for the year | 555 | 9587 |
| __________ | ||
| _____Fund balances carried forward at 31 | December 2024 | |
| 555 | 23850 |
5 Trustee remuneration & related party transactions
Total donations received from related parties during the year amounted to £9320.
None of the trustees received any remuneration during the year.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
9 Taxation
As a charity, Mulyata Children’s Mission is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
10 Accounting for donated facilities and services, including volunteers
This charity relies upon volunteers to provide the work performed. The volunteers use their various skills from planning events, record keeping and skilled tradespersons visiting Zambia to help improve the quality of life for the impoverished children to advance the charity’s objectives. In accordance with the Charities SORP (FRS 102), the contribution of volunteers is not included as income in the charity accounts.