Company Registratlon Number: N1671223 Order of Mary Sarvlte Trust IA ¢¢mp4ny Ilmlted by gu¥rant••, not havlng a $har• capltall Directors. Raport and Unaudlted Financlal Statements for the flnancial year ended 31 December 2024 McDonald O'Neill & Co 5 Union Buildings Union Place Dungannon Co Tyrone BT70 1DL Northern Ireland
Order of Mary Servite Trust IA company limitgd by guarantee, not having a share capitsll CONTENTS Page Dlrectors and Other Informatlon Dlrectors, Report Accountants, Report Income Slatement Balance Sheet Notes to the Financial Statements 9-12 Supplementary Information on Trading Statement 14
Order of Mary Servite Trust IA company limited by guaranteo. not having a sharè capltall DIRECTORS AND OTHER INFORMATION Directors Seamus Duffy Colm Glynn Professor Patrl¢k Gerald McKenna Christopher O'Brien Noreen Elizabeth Rose Taggart Méabh Ni Uallachain Bronagh Curran Kevin Joseph Boyd Company Reglstratlon Number N1871223 Reglstered Offlce and Buslness Address 10 Main Street Benburb Dungannon Co Tyrone BT717JZ Northgrn Ireland Accountants McDonald O'Nelll & Co 5 Unlon Buildings Unlon Place Dungannon Co Tyrone BTIO 1DL Northern Ireland Bankers Bank of Ireland 11 Upper Engllsh Street Armagh Co Armagh Northern Ireland Pgrmanent TSB Old Butterfield Ave R8thfarnham Dublin Ireland
Order of Mary Servite Trust IA company Ilmlted by guarantee. not having a sharo Capitsll DIRECTORS, REPORT for the financial year ended 31 December 2024 The directors present their report and the unaudited financial statements for the financial year ended 31 December 2024, The Company Is Ilmlled by guarantee not having a share capltal. Dlrectors The directors who served during the flnanc181 year are as follow8: Seamus Duffy Colm Glynn Professor Patrick Gerald McKenna Chrlstopher O'Brien Noreen Elizabèth Rose Taggart Méabh Nl Uallachain Bronagh Curran Kevln Joseph Boyd There were no changes In shareholdings beeen 31 December 2024 and the date of slgnlng the financial statements. In eOrdanCe with the Constitution, the dlrectors rellre by rotation 8nd, belng ellglble, offer themselves for re.electlon. Polltlcal Contrlbutlons The company did not make any disclosable polltical donations in the current financial year. ststemgnt of dlrectors. Responslbllltles and Declaratloh on Unaudlted Flnanclal Statements General respon81bllltles The directors are r8sponslble for preparing th8 Dlreclors, Report and the flnanclal ststements In accordanc8 wlth appllcable law and regulations. Company law requlres Ihg dlrectors to prepare fln8nclal statements for each flnanclal year. Under thal law the dlreclors hav8 elected to prepare the financlal slatem8nls In accordance with Unlted Klngdom Generally Accepted Accounting Practice {Unlted Klngdom Accounting Standards and applicable law) 5ncludlng FRS 102 "The Flnanclal Reportlng Standard applScable In the UK and Republic of Irelond" Section 1A (Small EnlStlesl. Under company law Ihe dlrectors must not approve the financial statements unless th@y are satisfied that they glve a true 8nd fair view ol the s18te of affairs of the company and of the profit or loss of the company for that perfod, In preparing these financlal statements, the directors are requlred to.. select 8Ult8ble accountlng pollcles and apply them conslstently., make Judgements and accounting esllmates that are reasonable and prudent., prepare the financlal statements On the golng concem basis unless It Is Inappropriate to presume that the company wlll contlnue in business. The dlreclors are responslble for keeplng adequate 8ccountlng records that are sufficlent to show and explain the company's transaction8 and disclose wltr reasonable accuracy at any tlme the finencial posltlon of the company and enable them to ensure that the flnanclal statsments comply wlth the Companie8 Act 2006. They arg also responsible for safeguarding the assets of the company and hence for taklng reasonable steps lor the prevention and detectlon ol fraud and other irregularllles, Dlrectors, declaratlon on unaudlted flnanclal statement8 In relallon to the financial statements comprlsing the Income Statement, the Balance Sheet 8nd the related notes.. The dlre¢lors approve these financial statements and confirm that they 8re responsible for them, Includlng selectlng the appropriate accounting policies, applying them consistently and making, On a reasonable and prudent basis. the judgements underlying them. They have been prepared on the going concern basis on the grounds that Ihe company will continue in business. The directors confirm that they have made available to McDonald O'Neill & Co, all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
Order of Mary Servite Trust IA company limited by guarantee. not having a sharè capitsll DIRECTORS. REPORT for the financial year ended 31 December 2024 Special provisions relating to small companies The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 ofthe Companies Act 2006. On bahalf of the board Kevln J Dlre¢tor phB Bronagh Curr Dlractor 25 S&pta r 2025 25 September 2025
Order of Mary Servite Trust IA company limited by guarantee. not having a share ¢apitall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF ORDER OF MARY SERVITE TRUST We have examined the finanelal slalemenls of the company fer the financial year ended 31 December 2024. which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes, Thls report Is made solely to the company's members, as a body, in accordance wllh Chapter 3 of P8rt 16 of the Companles Act 2006. Our work has been undertaken so that wa might complle the finan¢lal statement$ that we have been engaged to compile, report to the Board of Directors that we have done so, and slate those matters that we have agreed to state lo them in this report and for no other purpose. To the lIest extent pernltted by law, we do not 8ccepi or assume responsibility to anyone other than the company and the company's members, as a body, for our work, or for Ihls report. Respactlve responslbllltles of dlrectors and examlner The company's trustees (who are also the directors of the company for the purposes of company18w} are responsible for the preparation of the flnan¢lal statements in accordance wlth the requirements of the Companl8s Act 2006. The company's dlrectors consider that an audlt Is not required for this financlal year under Chapter 3 of Part 18 of the Companles Act 2006 and that an independent examlnallon Is required, It Is our responsibility to.. examlno the financial statements under secllon 65 of the Charlties Act., follow the procedures laid down by the general Dlreclions given by the Charlty Commission for Northern Ireland under secllon 65(91(b) of the Charitles Act; and stale whether particular matters have come to our attention. Basls of lrtdependent oxamlner'8 report We have ex8mlned your company financlal statements as required under secllon 65 of the Charitl8s Act and our examin8tion was carrled out In accordance with the general Dlrectlons given by the Charlty Commlsslon for Northern Ireland under section 65{9}Ib) of the Ch8rllles Act. An examination includes 8 r8vlew of the accounting records kept by the company and s comparison of th8 flnanclal statements presented wlth those records. It also includes conslderatton of any unusual Items or disclosures in the flnanclal statements and seeklng 8xplanatlons from the dlrectors concernlng any such matters. The procedures und8rtaken do not provSde all the evidence thal would be requlred in an audit and consequently no oplnlon Is glven as to whether the accounts present a 'te and falrf vSew and the report is limited lo those matters sel out In the statement below, In conn8clion with our examlnallon, no matter has come to our attention which gives us cause to belleve that in, any m8teri81 respe¢l', aGGounling tscords were not kept In a¢cordanee with s8cllon 388 of the Companies Act 200e the financial st8tement8 do not accord with those accounllng records the financlal statements have not been prepared In accordance with the eccountlng requlrements of sectlon 396 01 the Comp8nles Act 2006 and with the methods and prlnciples ofthe Statement of Recommended Practlce appllcable to charities preparing their accounts In accordance with the Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS1021 there Is furth8r information needed for a proper understanding of the accounts to be reached. Independent examlnetr8 8tatemgnt We have no concems and have come across no other matters In conngclion with the examlnallon to which attention should be drawn in this report In order lo enable a proper underslandlng of thg financial statements to be reach¢d. MCDONALD O'NEILL & CO Chartered Accountants 5 Union Buildings Union Place Dungannon Co Tyrone BT70 1DL Northern Ireland Date: 25 September 2025
Order of Mary Servite Trust IA company limited by guarantee. not having a sharè capitsll INCOME STATEMENT for the financial year ended 31 December 2024 2024 2023 Notes Turnover 205,889 137,337 Cost of Sales 189 (18,868) Gross proflt 206,078 118,469 Administrative expenses Other operating income {142,453) 42,546 (282,518) 24,681 Profltl(loss) before taxatlon 106,171 (119.388) Tax on profivllossl Profltl(loss) for the flnanclal year 106,171 {119,386) The notes on pages 9 to 12 form part of the financial slalemenls
Order of Mary Servite Trust IA company limited by guarantee, not having a share ¢apStall Company Registration Number: N1671223 BALANCE SHEET as at 31 December 2024 2024 2023 Notes Flxed Assets Tenglble assets Investments 2,848,007 2,843,678 Flxed Assets 2,848,008 2,843,879 Current Assats Stocks Debtors Cash and cash equivalents 7,989 12,306 144,817 2,000 4.408 119,287 165,112 125,893 Crodltors: amounts falllng due withln one year (40,6071 1103,0311 Net Current Assets 124,605 22,662 Total Assets less Current Llabllltle8 2,972,513 2,866,341 Rasèrves Capital reserves 8nd funds Retained deficlt 2,989,087 {16.5741 2,989,086 (122.745} Members. Fund$ 2,972.513 2,886,341 The flnanclal statements have been prepared In accordance with the provlslons appllcab16 to companies subject to the sm811 ¢ompanles' regime and in accordance wlth the provisions of FRS 102 Sectlon 1A {Sm811 Entities). For the financial year ended 31 December 2024 the company was enlStled to exemption from audlt under Sectlon 477 of the Companies Act 2008. The directors conflrm that the members have not requlred the company to obtain an audSt of Ils finan¢ial statements for the financial year In questlon In accordance with secllon 476 of the Companies Act 2006. The directors acknowledge th8ir r6spon8ibilities for en8urSng that the company keeps accounllng records which comply with section 386 8nd for pparIng flnancial stataments which glve a true and fair viaw of the 8t8te of affelrs of the company as al the end of the flnanclal year and of ils profil and loss for the financial year In 8ccordanGe wlth the requirements of sections 394 and 395 and which otherwise comply wlth the requirements of the Companles A¢t 2006 relating to financial ststemenls, so far as applicable lo the company. Approved by thg Board and author18ed for188ue on 25 8optemb8r 2025 and Slgned on Its behalf by Kevln Jos Dlrector h Boyd èronagh Cur Director The notes on pages 910 12 form part of the financial slalemenls
Order of Mary Servite Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 General Infomiation Order of Mary Servlte Trust Is a company limited by gu8r8nlee Incorporat@d and registered in Northern Ireland. The registered number of the company is N1671223. The registered office of the company is 10 Main Street, Benburb, Dungannon, Co Tyrone, BT717JZ, Northern Ireland which is also Ihe principal place of business ol the company. The company 18 a charlt8ble trust set up for the following purposes.. the advancement of religion, the advancement of citizenship and communlty d8velopmenl, and the advancement of eduGation. The financial statements have been presented In Pound 1£) which is also the funcllonal Gurrency of the company. Summary of Slgnlflcant Accountlng Pollcles The following accounting policles have been applied consistently in deallng wlth Items whlch are considered material in relation to the company's flnanclal statements. Statement of compllan¢e The flnanclal 8talem8nls of the company for the flnanclal year ended 31 December 2024 have been prepared in accordance wllh the provlslons of FRS 102 Section 1A (Small Enlltlesl and the Companies Act 2006. Basls of praparatlon The flnanclal slalements have been prepared on the going concern basis and In 8c¢ordance with the historical cost convenllon excgpt for certain propertles and financial Instruments that are measured at revalued amounts or falr v8lues, as explained in the 8ccounllng pollcles below. Historical cost 56 gengrally basgd on the fair value of the consideration given in exchange for assets. Turnover Turnover comprlses the Involce valu8 of goods supplled by the company, exclusive of trade dlscounts and value added tax. Tangibl& assets and depreclatlon Tanglble assets are stated at cost or at valuallon, less accumulated depreclatlon. The charge to depreclatlon Is colculated to wrlle off the original cost or valuatlon of tangible assets, less th8lr estlmated residual v81ue, over thelr exp8Cted useful lives as follows: Land and buildings Plant and machinery Flxtures. fittings and equlpment Motor vehicles Library refurblshment No depreclation charged No depreclotlon charged ND depreciation charged No depreciatlon Gharged No depreclatlon ¢harged The carrylng values of tangible fixed assets are revlewed annually for Impalrment In p8riods if events or changes In clrcumstances indicate the carrylng value may not be recoverable, Investments Investments held as fixed assets are stated at cost less provlsion for any permanent dlmlnutlon in value. Income from other Investments together with any related tax credlt is recognised in the Income Statement in the financiel year In whlch It Is recelvable. Stocks Stocky are valued al the lower of cost and net reallsable value. Stocks are determined on a first-ln flrstwout basls. Cost comprises expendlture Incurred in the normal course of buslness in bringing stocks to thelr present locatlon and condition. Full provlslcn Is made for obsolete and slow movlng Items. Net realis8ble value comprises actual or estimated selling prlce Ingt of trado discounts) less all furthgr costs to completlon or to be incurred in marketlng and selling, Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter slated at amortised cost using the effective interest method less impairment losses for bad and doublfvjl debts except where the effect ol discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts. Trade and other creditors Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immalertal. in which case they are staled al cost.
continued Order of Mary Servite Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 Employee benefits The company operates a defined contribution penslon scheme. Tho assets of the scheme are held separaloly from those of the company in an independen15y administered fund. Taxatlon and deferred tsxatlon The company has charitable status for tax purposes Forelgn currencles Monetary 8$8et8 and Ilabllllles denominated in foreign currencles are tran$l8ted at the rates of exchange ruling al Ihg Balance Sheet date. Non.monetary items that are measured In terms of historical cost In 8 forelgn currency 8re translated al the rates of exchange rullng at the date of the transaction. Non4nonelary items that are me8sured at falr value In a forelgn currency are translated using the exchange rates at thg date when the fair value was determlned. The resulting exchange dSfferences are dealt with In the Income Statement. Employees The average monthly number of employees, Includlng directors, during the financlal year was 6, (2023 - 81. 10
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Order of Mary Servite Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 Investments Group and participating interestsl jolnt ventures Investments Cost At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 Order of Mary Servlte Trust ¢)wns 100¢/0 of the i88ued share capltal of Benburb Priory Ltd Stocks 2024 2023 Flnlshed goods and goods for resele 7,989 2,000 The replacemont cost of stock did not differ slgnlficanlly from Ihe figures shown. Debtors 2024 2023 Other debtors Prepayments and accnjed Income 8,000 4,306 4.406 12,306 4.406 Credltors Amounts falllng due wlthln one year 2024 2023 Trade creditors Amounts owed to connected parties (Note 10) Taxation Accruals 17,538 18,625 221 4,223 39,951 83,080 40,607 103,031 Capltal commltments The company had no material capllal commllments at the financi81 ye8r-ended 31 December 2024. 10. Related party transactlons The followlng amounts are due to otherconnected partles: 2024 2023 18,625 39,951 11. Post-Balance Sheet Events There have been no significant events affecting the company since the financial year-end. 12
ORDER MARY SERVITE TRUST {A ¢¢mp2ny Ilmlted by guarantee, not havlng a $harn capltal) SUPPLEM INF RMATION RELATING THE FINANCIAL STATEME FOR THE F L YEAR ENDED 31 DEC 24 13
Order of Mary Servite Trust IA company limited by guarantee, not having a share capitsl SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS TRADING STATEMENT forlhe financial year ended 31 December2024 2024 2023 Sales 205,889 137,337 Cost of sales Openlng stock Direct ¢OSts 2,000 5,800 20,888 7,800 {7,989> 20,868 (2,000) Closing Stock 11891 18,888 Gross proflt 206,078 118,469 Admlnl8tr8tlve expenses Wages and salarles staff d8fln8d conlllbution pension costs consumables Sesvlce charges Insurance Llght and heat Cleaning Repairs and malntenance sacrlsty Prlnllng. postage and stallonery Advertising Telephone Computer costs Motor expenses hosplt8llty Legal and professlonal Accountancy Bank charges Profiuloss on exchange General expenses Subscriptions Profitsllosses on disposal of tanglbles Charitable donations 58,458 432 96,S76 1,901 714 215 13,220 42,724 2,020 21.248 6,566 3,447 1,090 996 304 2.357 1,228 9.689 4,458 1,183 17,372 25.775 662 360 447 1,892 1,214 31,047 3.972 1,051 (982} 733 5,745 115 7,870 38,870 142,463 282,516 Mlscellaneous Income Sundry income 42,546 24,661 Net profltl{loss) 106,171 1119,386) The supplementary information does not form part of the financial statements 14