PRS Patton Rainey I Stenson Limited CHAkTERED ACCOUNTANTS & REGISTERED AU DITOFiS REGISTERED COMPANY NUMBER: N1692476 (Northern Ireland) REGISTERED CHARITY IYUMBER: 109154 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD IO NOVEMBER 2022 TO 31 DECEMBER 2023 FOR MALLARD COMMUNITY CHARITABLE HUB LIMITED Patton Rainey Stenson Limifrd Chartered Accountants 6 East Bridge Street Enniskillen Co. Femianagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered 10 carry out audit work and regulated for a range ol invesitnent business activities in the United Kingdom by Ihe Inslilule ol Chartered Aecounlanls in Ireland
MALLARD COMMUNITY CHARITABLE HUB LIMITED CONTENTS OF THE FINANCIAL STATEMENTS for the Period 10 NOVEMBER 2022 TO 31 DECEMBER 2023 Page Report of the Trustees ITrdepeTrdent Examiner's Report Statement of Financial Activities Balallce Sheet Notes to the Financial Statements 8 to 10
MALLARD COMMUNITY CHARITABLE HUB LIMITED REGISTERED NUMBER: N1692476 REPORT OF THE TRUSTEES for the Period 10 NOVEMBER 2022 TO 31 DECEMBER 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the fmancial statements of the charity for the period 10 November 2022 to 31 December 2023. The trustees have adopted the provisions of Accounting and Reportino by Charities: Statement of Recomrnended 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 l January 2019). INCORPORATION The charitable company was incorporated on 10 November 2022. OBJECTIVES AND ACTIVITIES Objectives and aitns The aim of the Mallard Community Charitable Hub Ltd is to improve the spiritual, emotional. mental and physical well-being of people who live in the Ballinamallard. Trillick and SuOUdIng areas. It aims to provide a coffee shop and meeting rooms which will enable the charity to spread the principles of the Christian faith and rdise awareness and understanding of Christian beliefs and practices. The provision of a much needed coffee shop and office space will assist in generatino a con]munity spirit and regeneration of comtnunity interconn¢ctions. Objectives: The advarkcement of religion in accordance with the ethos of the Methodist Church in Ireland, it5 CUtTent manual of laws and Christian values, including but not limited to spreading the principles of the Christian faith and raise awareness and understanding of Christian beliefs and practices. The prevention or relief.of povety, provide money management and debt counselling advice to those in povety or at risk of suffering poverty. Provide food to those who are in Theed by means of a food bank. The advancement of education. The advancement of health or the saving of live5. The advancement of citizenship or community development, promote urban regeneration and promote social inclusion. The advancement of the arts, Culture, heritage, or science. The relief of those in need. Significant activities The Charity has secured sufficient funds through community participation fund raising activities and successful applications to funding agencies and bodies. These funds enabled the purchase of a derelict property and will help in the renovation of the same to provide a space for community events and gatherings. These include: Coffee shop with librarylbook-swap facility. The coffee shop will be staffed, run and managed with a view to making profits which will contribute to the overall sustainability of ihe project. Large community venue - capacity 80 people suitable for community events. Private interview rooms (3) used for one-to-one appoinlments including - Counselling, Podiaty. Pastoral care and support, Domestic Abuse support. Workspace pods Small meeting room ground floor. Actlvlty prograrnme offering provision of family support, including parenting, parent and toddler, supporting teens, supporting a child's transition, Page I
MALLARD COMMUNITY CHARITABLE HUB LIMITED REGISTERED NUMBER.. N1692476 REPORT OF THE TRUSTEES for the Period 10 NOVEMBER 2022 TO 31 DECEMBER 2023 OBJECTIVES AND ACTIVITIES Public benefit The charity seeks to ensure the Public benefit requirement is achieved by ensuring the Coffee Shop is open to all in the community. the office space will be available to all to rent and the fure services provided will be available to all the ommunity. It further highlights that- The project will be of significant benefit to the community. This first neutral community space in the area will provide a strong focal point for the community to socialise in, access opportunities and services in a warm and positive environment. All profits generated will be ploughed back into Mallard Community Charitable Hub, creating additional opportunities to run activities and events. The project wrll contribute to addressing an important issue of dereliction in the area by transforniing empty buildings into a vibrant community Hub welcoming to all. Empty properties have attracted anti-social behaviour, this initiative will ensure young people have a safe place to go with opportunities to participate in'a tange of positive activities. reducing anti-social behaviour in the area. The provision of a Cafe, meeting rooms and office units will promote social cohesion. social inclusion and community regeneration. The building will facilitate essential, accessible 5UPPOrt activities and services for local people. Opportunities to access education, healthcare and connect with family, frtends and the local community will improve community cohesiveness, health outcomes, employment outcomes, reduce the cost of social services and impact positively on economic growth in the area. It will also provide office space for business starts, supporting enterprise and promote urban regenerdtion by bringing a derelict property back into use. It will create a.50cial and community focal point for the entire community- As well as improving the aesthetic appearance of village, it wÈll increase community spirit, tncrease access to services and the opportunities for residents. It will also create employment and potentially stimulate other investment in the village. FINANCIAL REVIEW Financial Performance During the period to 3 1st December 2023 the charity made an operating surplus of £29,502. Reserves policy It is the policy of the Charity that reserve5 that have not been designated for a specific purpose should be maintained at a level equivalent to between 1 2 months expenditure. The charity considers that reserves at this level will ensure that. in the event of a significant drop in funding. they will be able to continue some activitie5 but on a some what reduced scale. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1692476 (Northern Ireland) Registered Charity number 109154 Page 2
MALLARD COMMUNITY CHARITABLE HUB LIMITED EGISTERED NUMBER: N1692476 REPORT OF THE TRUSTEES for the Period 10 NOVEMBER 2022 TO 31 DECEMBER 2023 Registered office 67 Main Street BallinaTnallard Enniskillen Co. Fernianagh BT94 2FZ Trustees Mrs M Brunt (appointed l O.11.22) Mr B R Keys (appointed 1.5.23) Mrs J R Keys (appointed 1.5.23) Rev J Beacom (appointed 10.11.22) Mrs H Williams (appointed 1.5.23) Mrs L Noble (appointed 1.5.23} Mr C Martin (appointed 1.5.23) Mrs C Campbell (appointed 1.5.23) Company Secretary Mr C Martin Independent Examiner Thomas S Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Ferrnanagh BT74 7BT Approved by order of the board of trustees on 4 June 2024 and signed on its behalf by: Rev J Beacom - Trustee Page 3
PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTAN?s & REGISTERED AVDITORS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MALLARD COMMUNITY CHARITABLE HUB LIMITED I report on the accounts of the company for the period 10 November 2022 to 31 December 2023, which are set out on pages five to tsn. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of 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 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 - state whether particular Enatters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Con)mission for Northern Ireland under Section 65(9)(b) of the Charities Act. The exaTninatÈon included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity tDJstees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practtce applicable to charities prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further inforniation needed for a proper understanding of the accounts to be reached. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confimi that l am qualified to undertake the examination because l am a member of the Instityte of Chartered Accountants in Ireland which is one of the listed bodies. I have completed my exatnination and have no concerns in respect of the matters (l) to (4) listed above and. in connection with following the Directions of the Charity Cotnmission for Northern Irelanil I have found no matters that require drawing to youi attention. Thomas S Patton FCA The Institute of Chartered Accountants in Ireland Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street EnniskilletL Co. Fernianagh BT74 7BT 4 June 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and regulaled lor a range ol investment business aclivi1185 in the United Kingdorn by the Insiilule ol Chartered Accountants in Ireland
MALLARD COMMUNITY CHARITABLE HUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the Period 10 NOVEMBER 2022 TO 31 DECEMBER 2023 Unrestricted fund Restricted fund Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 83,965 228,228 312,193 Other income 25,036 25.036 Total 109.001 228,228 337,229 EXPENDITURE ON Charitable activities Charitable activities 16,507 16,469 32,976 NET INCOME 92,494 211,759 304,253 TOTAL FUNDS CARRIED FORWARD 92,494 211,759 304,253 The notes fonn part of these financial statements P2op. S
MALLARD COMMUNITY CHARITABLE HUB LIMITED EGISTERED NUMBER: N1692476 BALANCE SHEET 31 DECEMBER 2023 Unrestricted fund Restricted fund Total funds Notes FIXED ASSETS Tangible assets 223,603 223,603 CURRENT ASSETS Cash at bank 93,694 75,656 169,350 CREDITORS Amounts falling due within one year (1,200) (35,765) (36,965) NET CURRENT ASSETS 92,494 39,891 132,385 TOTAL ASSETS LESS CURRENT LIABILITIES 92,494 263,494 355,988 CREDITORS Amounts falling due after more than one year (51,735) (51,735) NET ASSETS 92,494 211,759 304,253 FUNDS Unrestricted funds Restricted funds 92,494 211,759 TOTAL FUNDS 304,253 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023. The members have not required the company to obtsin an audit of its financial statements for th¢ period ended 31 December 2023 in accordance with Section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplu5 or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fanCIal statements, so far as applicable to the charitable company. (b) The notes forni part of these financial statements trnntinii?A
MALLARD COMMUNITY CHARITABLE HUB LIMITED EGISTERED NUMBER: N1692476 BALANCE SHEET- eontinued 31 DECEMBER 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 4 June 2024 and were signed on its behalf by: Mrs L Noble - Trustee Rev J Beacom - Trustee The notes forn] part of these financial statements
MALLARD COMMUNITY CHARITABLE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS for the Period 10 NOVEMBER 2022 TO 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the finaneial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Prdctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitl¢ment to the funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obllgation committing the charity to that expenditure, it is probable that a trdnsfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basls consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxation The charity is exempt from corporation tax on its charitable activities. Fund aecounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted llds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included ITh the notes to the financial statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the period ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the period ended 31 December 2023. Page 8 continued...
MALLARD COMMUNITY CHARITABLE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- eontinued for the Period 10 NOVEMBER 2022 TO 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Freehold property COST Additions 223.603 NET BOOK VALUE At 31 December 2023 223,603 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 6) Trade creditors 35,765 1,200 36,965 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 6) 51,735 LOANS An analysis of the Maturity of loans is given below.. Amounts falling due within one year on demand: Bank loans 35,765 Amounts falling between one and two years: Bank loans - 1-2 years 35,765 Amounts falling due between two and five years: Bank loans - 2-5 years 15,970 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 Unrestricted funds General fund 92,494 92,494 Restricted lunds Restricted Funds 211,759 211,759 TOTAL FUNDS 304,253 304,253 Page 9 continued...
MALLARD COMMUNITY CHARITABLE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued for the Period 10 NOVEMBER 2022 TO 31 DECEMBER 2023 MOVEMENT IN FUNDS - continued Net movement in fund5. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 109,001 (16,507) 92,494 Restricted funds Restricted Funds 228,228 {16,469) 211,759 TOTAL FUNDS 337,229 {32,976) 304,253 RELATED PARTY DISCLOSURES The following payments were made to a personls connected to a trustee. Byothers Studio Ltd £ 12,500 Page 10