Mullaghmore and Castleview Community Association Charity Accounts

COMPANY REGISTRATION NUMBER: NI037711

CHARITY REGISTRATION NUMBER: 108177

Mullaghmore and Castleview Community Association

Company Limited by Guarantee

Unaudited Financial Statements

31 January 2026

Mullaghmore and Castleview Community Association

Company Limited by Guarantee

Financial Statements

Year ended 31 January 2026

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	3

Statement of financial activities (including income and expenditure account)	4

Statement of financial position	5

Notes to the financial statements	6

Mullaghmore and Castleview Community Association

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 January 2026

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2026 .

Reference and administrative details

Registered charity name	Mullaghmore and Castleview Community Association

Charity registration number	108177

Company registration number	NI037711

Principal office and registered	21A Knockshee Park
office	Mullaghmore
	Omagh
	County Tyrone
	BT79 7PH

The trustees

	M J Reid
	A Colgan
	C Grimes
	M McKiernan
	M Colgan

Independent examiner	Nial Colhoun
	Unit B15
	Omagh Enterprise Centre
	Great Northern Road
	OMAGH
	Co Tyrone
	BT78 5LU

Structure and governance

The trustees, who are also the directors for the purposes of company law, are elected on an annual basis. Trustees take risk management seriously and have in place procedures of how the charity should be managed. The Trustees meet on a regular basis and are responsible for the strategic direction of the charity.

Objectives and activities

The charity's principal activity is to ensure that those living in the area would be able to access and experience the same opportunities as their peers. The area has been recognised as a pocket of high deprivation in a largely affluent area and it is with this in mind that we strive to ensure our community achieve these aims.

Achievements and performance

The charity continues to be very busy. The charity works with public and private bodies, including Department for Communities, FODC and NI Housing Executive to provide services for the local community to maintain and improve mental, physical, social and educational wellbeing. Throughout the year the charity successfully held many events in the centre including fitness and musical classes, along with trips, partictularly for the youth to Jungle NI and Armagh Observatory amoung others.

Financial review

Mullaghmore and Castleview Community Association had a surplus of £6,402 for the year ended 31 January 2026, compared to generating an overspend of £25,374 in the previous financial year. The net asset position at 31 January 2026 is £71,675, of which £NIL is classified as restricted.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 28 October 2026 and signed on behalf of the board of trustees by:

M Colgan

Trustee

Mullaghmore and Castleview Community Association

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Mullaghmore and Castleview Community Association

Year ended 31 January 2026

I report to the trustees on my examination of the financial statements of Mullaghmore and Castleview Community Association ('the charity') for the year ended 31 January 2026.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Nial Colhoun Independent Examiner

Unit B15 Omagh Enterprise Centre Great Northern Road OMAGH Co Tyrone BT78 5LU

28 October 2026

Mullaghmore and Castleview Community Association

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 January 2026

	2026			2025
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	6,468	40,668	47,136	25,074
Charitable activities	6	19,600	–	19,600	17,201
		--------	--------	--------	--------
Total income		26,068	40,668	66,736	42,275
		--------	--------	--------	--------

Expenditure

Expenditure on charitable activities	7	13,323	47,011	60,334	67,649
		--------	--------	--------	--------
Total expenditure		13,323	47,011	60,334	67,649
		--------	--------	--------	--------

	--------	--------	--------	--------
Net income/(expenditure) and net movement in funds	12,745	( 6,343)	6,402	( 25,374)
	--------	--------	--------	--------

Reconciliation of funds

Total funds brought forward	58,930	6,343	65,273	90,647
	--------	--------	--------	--------
Total funds carried forward	71,675	–	71,675	65,273
	--------	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Mullaghmore and Castleview Community Association

Company Limited by Guarantee

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible fixed assets	10	362,802	382,782

Current assets

Debtors	11	4,242	1,485
Cash at bank and in hand		1,356	2,582
		-------	-------
		5,598	4,067

Creditors: amounts falling due within one year	12	2,598	6,093
		-------	-------
Net current assets		3,000	( 2,026)
		---------	---------
Total assets less current liabilities		365,802	380,756

Creditors: amounts falling due after more than one year	13	294,127	315,483
		---------	---------
Net assets		71,675	65,273
		---------	---------

Funds of the charity

Restricted funds		–	6,343
Unrestricted funds		71,675	58,930
		--------	--------
Total charity funds	15	71,675	65,273
		--------	--------

For the year ending 31 January 2026 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 28 October 2026 , and are signed on behalf of the board by:

C Grimes	M Colgan
Trustee	Trustee

Mullaghmore and Castleview Community Association

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 21A Knockshee Park, Mullaghmore, Omagh, County Tyrone, BT79 7PH. The principal activity of the company is to improve the conditions of life for inhabitants of Mullaghmore and Castleview and the district of Omagh.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

The trustees are in regular contact with local authorities to secure new sources of grant aid to help with programme costs, and are confident they will secure the same level of rental income for the next twelve months. The trustees are of the view that measures taken post year end have helped secure the immediate future of the company and therefore continue to adopt the going concern basis in the preparation of the accounts.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All income is included in the Statement of Financial Activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land	-	2% straight line
ECO Building	-	5% straight line
Equipment	-	20% reducing balance

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4. Limited by guarantee

Mullaghmore and Castleview Community Association is a company limited by guarantee and accordingly does not have a share capital.

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2026
£	£	£

Donations

	Donations	6,468	–	6,468

Grants

Western Health and Social Care Trust	–	4,024	4,024
Department for Communities grant	–	29,319	29,319
Northern Ireland housing executive	–	7,025	7,025
Council grant	–	–	–
National Lottery grant	–	300	300
	-------	--------	--------
	6,468	40,668	47,136
	-------	--------	--------

Unrestricted Funds	Restricted Funds	Total Funds 2025
£	£	£

Donations

	Donations	6,435	–	6,435

Grants

Western Health and Social Care Trust	–	4,750	4,750
Department for Communities grant	–	–	–
Northern Ireland housing executive	–	926	926
Council grant	–	791	791
National Lottery grant	–	12,172	12,172
	-------	--------	--------
	6,435	18,639	25,074
	-------	--------	--------

6. Charitable activities

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Rental Income	19,600	19,600	17,201	17,201
	--------	--------	--------	--------

7. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2026	Total fund 2025
	£	£	£	£
Charitable activities	58,711	–	58,711	66,123
Governance costs	–	1,623	1,623	1,526
	--------	-------	--------	--------
	58,711	1,623	60,334	67,649
	--------	-------	--------	--------

8. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets	20,246	20,604
	--------	--------

9. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

10. Tangible fixed assets

	Freehold property	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 1 February 2025	492,404	198,031	42,889	733,324
Additions	–	–	350	350
Disposals	–	–	( 1,920)	( 1,920)
	---------	---------	--------	---------
At 31 January 2026	492,404	198,031	41,319	731,754
	---------	---------	--------	---------
Depreciation
At 1 February 2025	202,621	113,247	34,674	350,542
Charge for the year	4,884	13,666	1,696	20,246
Disposals	–	–	( 1,836)	( 1,836)
	---------	---------	--------	---------
At 31 January 2026	207,505	126,913	34,534	368,952
	---------	---------	--------	---------
Carrying amount
At 31 January 2026	284,899	71,118	6,785	362,802
	---------	---------	--------	---------
At 31 January 2025	289,783	84,784	8,215	382,782
	---------	---------	--------	---------

11. Debtors

	2026	2025
	£	£
Trade debtors	4,242	1,485
	-------	-------

12. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	2,590	3,119
Social security and other taxes	8	2,974
	-------	-------
	2,598	6,093
	-------	-------

13. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Accruals and deferred income	294,127	315,483
	---------	---------

14. Government grants

The amounts recognised in the financial statements for government grants are as follows:

	2026	2025
	£	£

Recognised in creditors:

Deferred government grants due after more than one year	294,127	315,483
	---------	---------

15. Analysis of charitable funds

Unrestricted funds

	At 1 February 2025	Income	Expenditure	At 31 January 2026
	£	£	£	£
General funds	58,930	26,068	(13,323)	71,675
	--------	--------	--------	--------

	At 1 February 2024	Income	Expenditure	At 31 January 2025
	£	£	£	£
General funds	57,481	23,636	(22,187)	58,930
	--------	--------	--------	--------

Restricted funds

	At 1 February 2025	Income	Expenditure	At 31 January 2026
	£	£	£	£
Restricted Funds	6,343	40,668	(47,011)	–
	-------	--------	--------	----

	At 1 February 2024	Income	Expenditure	At 31 January 2025
	£	£	£	£
Restricted Funds	33,166	18,639	(45,462)	6,343
	--------	--------	--------	-------