Home-start Banbridge Statement of Financial Aetivitiey ncoryorating income and expenditure aecount) for the year ended 31 Mareh 2023 2023 2023 Note Restricted Unrestricted funds funds 2023 Total funds 2022 Total fllllds Incoming ruourees Charitable activities Trust Income 73,468 73,468 1,800 70,395 750 Donations 1,800 Other income Interest received Total incomlng resources 73.468 1,800 75,268 71,145 Resouree8 expended Charitabl¢ activities Administrative costs (61,326) 16 426) (561) (61,887) (58,554) Total resourees expended 561 Net incomlng/(outgoing) resources Total funds brought forward Total funds carrled forward (4,284) 1,239 (3,045) (540) 37 38 The above amounts relats to continuing operations of the company. The charitsble company has no recognised gains of losses other than those included in the results above and therefore no s¢parate statement of total recognised gains and losses have been presented. All incoming resources and resources expended disclosed as restricted are designated for a specific purpose and unrestrictsd have not been designated for any puT[Se. Page 8
HomtrStArt Banbrldge Bthu¢¢ Sheet 98 at 31 Mareh 2023 Dts 2023 2022 Flxed a88ets TallbIe a88¢ts 64 636 346 4,929 263 4,336 40 Cash at blnk alld in h1 Credltorj: Amounts falllng due wlthkn olle year 42 N¢t Current knets Total aJ•ets le88 corrent IIAbllld Re8orv¢J R¢8ezv¢ 11 Tothl fund8 For the year ending 31 Mar¢b 2023 the company was entitlad to exemption from audit uader 8ecllon 477 of the Companies Act 2(106 relating to small companies. Dirnors, responyibilitie4: The members have not r]r&I the company to obtain an audit of its accouats for the year in que8tion in accordance with section 476. The Directors acknowledg¢ their respon1]itieS for complyill8 With the requiTemellts of the Act with respect to accounting rewrds alld th¢ preparation of aoLx)unts. These accounts bave been prepared in accordance with the provisions applicable to compaDie8' subject to the small companies, rewe. The finallcial ststqllvllts were approvEd by the Board on 30 January 2024 aad si11 on its beholf by:" Angela Wl]kllls Dlrethjr Cornpany R*tradon No. N1621555 The notes on p4es IQ to ts form part of tite8e ftllallthl rtatements Pwe9
Homfrstart Banbridge Notes to the financial statements for the year ended 31 March 2023 Nathre of tbe Company Home-start Banbridge is a Limited by Guarantee Company in Northern Ireland. In the event of the charity being wound up, the liability in r¢spect of the guarantse is limited to £1 per director of the charity. The address of the registered office is given in the charity inforn]ation on page l of these financial statements. The nature of the charity's operations and principal activities are the provisions of support for families with young children. Basis of Preparation The charity constitutes a public benefit entity 8s defined by FRS 102. 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 accordall¢e with the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102) - (Charities SORP FRS 102), the fllwicial reporting standard applicable in the UK and Republic of Ireland (FRS 102), the NI Charities Act 2008, The Companies Act 2006 and UK Generally Accepted Practice. The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section IA. The financial statements are prepared on a going concern basis under the historical cost convention modified to include certain items at fair value. The financial ststements are presented in sterling which is the fLmctional currency of the charity and rounded to the nearest £000, The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 2.1 Judgementg and Key Sources of Uncertainty No significant judgements have had to be made by management in preparing these financial ststements. 2.2 Fund Accounting The general reserves of th¢ company are made up of restricted and unrestricted reserves which the company may use for its purpose at its discretion in furtherance of the general objectives of the charity. Restricted and designated funds of the company are those on the use of which the donor has imposed restrictions or the Board bas applied for a partIcar purpose. The aims and uses of such funds are set out in the notes to the financial statements. 2.3 Incoming Resources Charitable trading activities Income from specific activities is iJ]cluded in the fllmncial statements ill the period in which the activity took place. Page 10
Home-start Banbridge Notes to the financial statements for the year ended 31 March 2023 2.4 Resources Expended All expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered, and has been classified under headings that aggregate all the costs relating to that Category. Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services to beneficiaries. Support costs have not been atiributed to specific charitable activities as it is not considered meaningful to allocate the support costs across cach activity. Irrecoverable VAT is charged to the Statement of Financial Activities, or capitalised as part of the cost of the related asset, where appropriate. 2.5 Taxation The company is a registered charity and is not liable to tax on surpluses 8eneratsd or investment income derived from activities within the scope of the charitable exemptions. 2.6 Tangible Flxed Assets and Depreeirdtion Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. as follows: Fixtures. fittings & equipment 25 % straight line 2.7 Financial Instruments A financial asset or a financial liability is recognised only when the company becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discount¢d at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective ¢vidence of impairnient at the end of each reporting date. If there is objective evidence of impairnlent, an impainnent loss is recognised in profit or loss in]mediately. For all equity instruments regardless of significance. and other fllwicial assets that are individually significant, these are assessed individually for impainnenL Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately. to the extent that the reversal does not result in a carrying amount of the fmancial asset that exceeds what the carrying amount would have been had the impairnient not previously been recognised. 3. Employees The average number of persons employed by the company during the year, amounted to: 2023 2022 Staff Page 11
Homewstart Banbridge Notes to the fmaneial statements for the yeydr ended 31 Mareh 2023 Incoming Resources Restrieted Unrestricted 2023 Total 2022 Total nds funds funds funds (a) Donations Sundry Donations 750 (b) Activities to further the Charity's objectives Trust thcome Included within the restricted Trust income are the following.. £15.980 from RTE Toy Show appeal £9,999 from BBC Children in Need £4,929 from Arniagh Banbridge Council £36,929 from Southern Health & Social Care Trust Contract from Home.Start UK 5. Charltable Aetiviti¢J - Expenses 2023 2022 Employee costs Travel and staff expenses Staff Traininwworkshop Classes Insurance Staff Pension Costs 50,010 6,995 1.797 910 45,502 5.921 4,322 980 6. Tanglble Fixed Assets Fixtures, fittings & equipment Total Cost At l April 2022 Additions At 31 March 2023 3.104 3.104 Depreciation At l April 2022 CI]arge for the year At 31 March 2023 2,468 572 2,468 572 Carrying Amount At 31 March 2023 At 31 March 2022 Page 12
Home-start Banbridge Notes to the financial statements for the year ended 31 March 2023 Debtors 2023 2022 Prepayments Creditors: Amounts Falling Due Withfin One Year 2023 2022 Pension PAYE Accruals 298. 962 325 1,268 Taxation The charity is exempt from tax on income and gains fully within section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Charitable Gains Act 1992 to the extent that these are applied to its clwitsble objectives. 10. Related Party Transaction No related paty transactions were carried out during the year. 11. Statement of Movements on Reserves Restricted reserve Unrestricted reserve Tot reserves Balance at l April 2022 Net incoming resouwes for the year Balanc¢ at 31 March 2023 34,205 3,696 37,901 The unrestricted r¢serve represents the free funds of the charity which are not designated for particular purposes. 13. Company Limited by Guarantee Home-start Banbridge is a company limited by guarantse al accordingly does not l]ave a sl]are capital. Page 13