PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS 8 REGISTERED AUDITORS REGISTERED COMPANY NUMBER: N1692476 (Northern Ireland) REGISTERED CHARITY NUMBER: 1091)4 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20?4 FOR MALLARD COMMUNITY CHARITABLE HUB LIMITED Patton Rainey Stenson Limited Chartered Accountants 6 East Bridoe Street Enniskillen Co. Fennanagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Adviser Registered to carry out audit work and regulated lor a range of inv851ment business activilies in tha United Kingdom by the Institute ol chartered Accountants in Ireland
MALLARD COMMUNITY CHARITABLE HUB LIMITED CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statetnents 8 to 12
MALLARD COMMUNITY CHARITABLE HUB LIMITED RECISTERED NUMBER: N1692476 REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accountints and Reportino by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportincv Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims 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 surrounding 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 raise awareness and understanding of Christian beliefs and practices. The provision of a much needed coffee shop and office space will assist in generating a community spirit and regeneration of comrnunity interconnections. Objectives: The advancement of religion in accordance with the ethos of the Methodist Church in Ireland. its current manual of laws and Christian values, includin(F but not limited to spreading the principles of the Christian faith and raise awareness and understandino of Christian beliefs and practices. The prevention or relief of poverty, provide tnoney management and debt counsellints advice to those in povety or at risk of suffering poverty. Provide food to those who are in need by means of a food bank. The advancement of educatkon. The advancement of health or the saving of lives. 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 sU1¢ient funds through community participation fund raising activities and successful applications to fundino 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 librnrylbook-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 the project. Large community venue - capacity 80 people suitable for community events. Private interview rooms (3) used for one-to-one appointments includino Pastoral support and Domestic Abuse support. Counselling. Podiatry, Pastoral care, Workspace pods Small meeting room ground floor. Activity prooramrne offerincr provision of family support, including parenting, parent and toddler, supporting teens, supportino a child's transition, Page I
MALLARD COMMUNITY CHARITABLE HUB LIMITED REPORT OF THE TRUSTEES ror the Year Ended 31 DECEMBER 2024 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 lent and the future Services provided will be available to all the community. It further highlights that - The project will be of sitrnificant benefit to the cornmunity. This first neutrdl community space in the area will provide a strong focal point for the community to socialise in, access opportunities and services in a wann and positive environment. All profits Crenerated will be ploutshed back into Mallard Community Charitable Hub, creating additional opportunities to run activities and events. The project will contribute to addressing an important issue of dereliction in the area by transforming empty buildings into a vibrant community Hub welcoming to all. Empty properties have attracted anti-social behaviour. this initiative will ensure younts people have a safe place to go with opportunities to participate in a range 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 iThclusion and community reoeneration. The buildints will facilitate e55ential, accessible support activities and services for local people. Opportunities to access education, healthcare and connect with family. friends and the local community will improve cotnmunity cohesiveness, health outcomes, employment outcomes, reduce the cost of social services and impact positively on economic groM¢h in the area. It will also provide office space for business starts. supporting enterprise and promote urban regeneration by bringing derelict property back into use. It will create a social and community focal point for the entire community. As well as improving the aesthetic appearance of villaoe, it will increase community spirit, increase access to services and the opportunities for residents. It will also create employment and potentially stimulate other investment in the villatte. FINANCIAL REVIEW Financial Performance During the year to J ISÉ December 2024 the charity made an operating surplus of £313,438. (£304,253 2023).. Reserves policy It is the policy of the Charity that reserves that have not been desiJated 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 activities but on a some what reduced scale. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity i5 controlled by its govemino 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 (Northem Ireland) Registered Charity number 109154 Page 2
MALLARD COMMUNITY CHARITABLE HUB LIMITED REGISTERED NUMBER: N1692476 REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2024 Registered office 67 Main Street Ballinamallard Enniskillen Co. Femianagh BT94 2FZ Trustees Mrs M Brunt MrBRKeys Mrs J R Keys Rev J Beacom Mis H Williams Mrs L Noble Mr C Martin Mrs C Campbell Company Secretary Mr C Martin Independent Examiner Thomas S Patton FCA Patton Rainey Sienson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fennanagh BT74 7BT Approved by order of the board of trustees on 26 February 2025 and signed on its behalf by- Rev J Beacom - Trustee Page 3
PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS & REGISTEREO AUDITORS INDEPENDEN'T EXAMINER'S REPORT TO THE TRUSTEES OF MALLARD COMMUNITY CHARITABLE HUB LIMITED I report on the accounts of the Company for the year to 31 December 2024, which are set out on pages fLve to twelve. Respective responsibilities ol 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. Havincr satisfLed myself that the charity is not subject to audit under company law and is eligible for independent examination, it is rny responsibility to: examine the accounts under Section 65 of the Charities ACÉ - follow the procedures laid doivn in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters 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 oeneral Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accountino records kept by the charity and a compartson of the accounts presented with those records. It also included consideration of any unusual Atems or disclosures in the accounts. and Seekin explanations frotn you as char&ty trustees 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 accountincr 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 tlie accounts do not comply with the accountino requirements of Section J96 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recotnmended Practice applicable to charities preparin their accounts in accordance with the Financial Reportin Standard applicable in the UK and Republic of Ireland 4. That there is further inforn]ation 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 tnust be a member of a listed body. I can confinn that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in Ireland which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with followin(r the Directions of the Charity Cornrnission for Northern Ireland, I have found no matters that require drawintr to your attention. homas S Patton FCA The Institute of Chartered Accountants in Ireland Patton Rainey Stenson Limited Chartered Accountants 6 East Bridoe Street EnnisLillen Co. Fermanagh BT74 7BT 26 Febrnary 2025 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Adviser! Registered to carry out audit work and regulated lor a range ol investment busines5 a¢livilie5 in the United Kingdotn by th8 In51jtule ol Chartered A¢counlants in ITe1and
MALLARD COMMUNITY CHARITABLE HUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2024 Period 10.11.22 to 31.12.23 Total funds Year Ended 31.12.24 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and letsacies 22,376 292.498 314,874 312,193 Other income 8,102 8,102 25,036 Total 30,478 292,498 322,976 337,229 EXPENDITURE ON Charitable activitie5 Charitable activities 7,616 1,922 9,538 32,976 NET INCOME Transfers between funds 22,862 (80,000) 290,576 80,000 313,438 304,253 Net movement in funds {57,138) 370,576 313,438 304,253 RECONCILIATION OF FUNDS Total funds brought forward 92,494 211,759 304,253 TOTAL FUNDS CARRIED FORWARD 35,356 582,335 617,691 304,253 The note5 forni part of these financial statements
MALLARD COMMUNITY CHARITABLE HUB LIMITED REGISTERED NUMBER: N1692476 BALANCE SHEET 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total nds Unrestricted nd Restricted fund Notes FIXED ASSETS Tangible assets 583,982 583,982 223,603 CURRENT ASSETS Cash at bank 36,556 75,8)3 112,409 169.350 CREDITORS Amounts fallino due within one year (1,200) (11,922) (13,122) (36,965) NET CURRENT ASSETS 35,356 63,931 99,287 132.385 TOTAL ASSETS LESS CURRENT LIABILITIES 35,356 647,913 683,269 355.988 CREDITORS Amounts falling due after more than one year (65,578) (65,578) (51,735) NET ASSETS 35J56 582,335 617,691 304,253 FUNDS Unrestricted funds Restricted fund5 35,356 582J35 92,494 211,759 TOTAL FUNDS 617,691 304,253 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statemeThts for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustee5 acknowledcre their responsibilities for (a) ensuring that the charitable company keeps accountino records that comply with Sections 386 and 387 of the Cornpanies Act 2006 and preparing financial statements which give a tNe and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections )94 and 395 and which othenvise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Charitable company. (b) The notes forni part of these financial statements Page 6 continued...
MALLARD COMMUNITY CHARITABLE HUB LIMITED EGISTERED NUMBER: N1692476 BALANCE SHEET- continued 31 DECEMBER 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the srnall companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 26 February 2025 and were signed on its behalf by.. L)O-Q- Mrs L Noble - Trustee Rev J Beacom- Trustee The note5 form part of these financial statements Page 7
MALLARD COMMUNITY CHARITABLE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which 15 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 Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reportints Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reportino 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 re¢oJo ised in the Statement of Financial Activities once the charity has entitlement to the fund5, 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 obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be tneasured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aaureaate all cost related to the category. Where Costs cannot be directly attributed to particular headinos they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the followints 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 accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the object5 of the charity. Restrictions arise when specified by the donor or when fitnds are raised for particular restricted purpos¢s. Further explanation of the nature and purpose of each fund 15 included in the notes to the financial statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the period ended 31 December 2023. Trustees, expenses There were no trustees. expenses paid for the year ended 31 December 2024 nor for the period ended 31 December 2023. continued...
MALLARD COMMUNITY CHARITABLE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds 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 TANGIBLE FIXED ASSETS Fixtures and fittings Long leasehold Totals COST At l January 2024 Additions 223,603 356,874 223,603 360,379 3,505 At 31 December 2024 580.477 3,505 583,982 NET BOOK VALUE At 31 Dec¢mb¢r 2024 580,477 3,505 583,982 At 31 December 2023 223,603 223,603 Page 9 continued...
MALLARD COMMUNITY CHARITABLE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Bank loans and overdrdfts (see note 7) Trdde creditors 11.922 1,200 35,765 1,200 13,122 36,965 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.12.24 31.12.23 Bank loans (see note 7) 65,578 51,735 LOANS An analysis of the maturity of loans is given below: 31.12.24 31.12.23 Amounts falling due within one year on demand: Bank loans 11,922 35,765 Amounts falling between one and two years: Bank loans - 1-2 years 11,922 35.765 Amounts falling due between two and five years: Bank loans - 2-5 year5 53,656 15,970 MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 92,494 22,862 (80,000) 35J56 Restricted funds Restricted Funds 211,759 290,576 80,000 582,335 TOTAL FUNDS 304,253 313,438 617,691 Page 10 continued...
MALLARD COMMUNITY CHARITABLE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 MOVEMENT IN FUNDS- eontinued Net movement in funds. included in the above are as follows: Incomino resources Resources expended Movement in funds Unrestricted funds General fund 30,478 (7,616) 22,862 Restricted funds Restricted Funds 292,498 (1,922) 290,576 TOTAL FUNDS 322,976 (9,538) 313,438 Comparatives for movement in funds Net movement in funds At 31.12.23 Unrestricted funds General fund 92,494 92,494 Restricted funds Restricted Funds 211,759 211,759 TOTAL FUNDS 304,253 304,253 Comparative net movement in funds. 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 Pagell continued...
MALLARD COMMUNITY CHARITABLE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 RELATED PARTY DISCLOSURES There is a related paty relationship between two of the trustees and the supplier listed below. Services to the value stated were purchased from this supplier at market rates. ( £ 12,500 2023) Byothers Studio Ltd £16,956 Page 12