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
Tall￿bIe a88¢ts
64
636
346
4,929
263
4,336
40
Cash at blnk alld in h￿1
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 respon￿￿1]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 si￿1￿1 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 partIc￿ar 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