MORNING STAR HOUSE STATEMENT OF FINANCIAL ACTIVII'IES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrl¢tsd Roslrfcted nds fundg 2024 2024 Totsl Unregtrictod RèstrlGte41 funds funds 2023 2023 Total 2024 2023 Notes In¢omo and endowmanl$ from: Donatlons and legacleg Charltablg actlvllles Inv2slments oth8r Incoma 5.806 261.963 28,229 4?.6 18,316 268,528 18,316 828.695 557,918 819,881 28,229 426 560,167 1,379 1,379 Total Incom6 296,424 b57.918 854,342 288,223 560,187 848.3QO Expenditure on: Charitabl¢ actlvltles 341,423 1,194,717 1,538,140 2$7,Q72 424,739 891,811 Total oxpendltura 341A23 1,194,717 1,536.140 424,7.39 691,811 Nat Incomel(expendltur¢) <44,999) {636,78a) (681,798) 135,428 156,579 Transfers belmeon funds (310,g62) 310,962 Not movement In funds (355.961) (325,83n (681,7981 21,151 135A28 156,579 Reconclllatlon of funds: Fund balances at 1 Aprtl 2023 179,141 498.468 677,609 157,990 363,040 521,030 Fund balaiKpg at 31 Mar¢h 2024 (176,820) 172.631 (4,189) 179,141 4gB,468 877,809 The statement of financi81 actlvltles Includas all galns and losses rg¢ognlsed In the year. All income and w)gnditure 4JetiYe from contlnulng activitles. 10-
MORNING STAR HOUSE BALANCE SHEEr ASAT 31 MARCH 2024 2024 2023 Notos Flxed a8Sats Tangiblè assets Curronf as591$ Debtors ash Mt bank and In hFAnd 13 23,641 14 37.077 950,314 193,971 987,391 1,188,491 Credhors: amount8 falllng du• wfthln 4>ne year 15 (1.01S,221) {50B.882) Net current Olabllltlgsllassats (27,t4301 6n,809 Total 4$1ots less rrent liabiHIRs 14,1891 677,609 In¢omo funds Re6trtcted funds Unre8triatsd funds 17 172,631 1176,820) 498,488 179,141 (4,189) 877,609 30101 The Ilnanthal st8l8morrts were approved by Ihe Managoment Commltteo on ... R Cu5bert Rory CUlrt (Chalrp8rson) Trustso Th6 note8 on page$ 13 to 23 form part ofthes& finendAI statemonts. 11
MORNING STAR HOUSE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes C85h flows from opurallng o¢llvltlg$ Cash (absorbed byyg8nerated from aperats"on8 21 (46,794 177,259 Invesfliig octlvltl Purchase oftanglble fixed 8$861s Inve8trnent Income recelved 123.641) 28,229 Ngt caBh gonerated froml(uséd Inl Investlng actlvltlos 4,588 Net ¢a¥h In flnanclno acfNiliti8 Net (d¢creo8olNncTeosa In ¢a$h and cash 8qulvalent$ (42,?.08) 17-1,259 C86h and cash equfvelents at boglnnlng of year 992,520 815,247 Cash and ¢agh oqulvalents at end of y•ar 950,314 815,247 12~
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollc108 Charlty Informatlon Moming Sl8r House Is a reglstered Charity in Northem Ireland, The w18terod office Is Momlng Slar House, 2-12 Divls Stroot, Bglfast, BT12 4AL 1.1 Accountlng ¢onv8ntlon Thg fmarKlal stat8mBnts have been prepared In accordance with the ch8rfl1 Act {Northern Ireland) 2008 and °A¢rA)unllng and Reportlng by CharitSe8' Statement of Recommèndgd Prgclsce appllcable to (arltles preparlng thelr accounts In scrdanCe wltkb the Financial Reptytiw StsT)dard appllcAble in the UK and Republic of Ireland <FRS 102). (as amended for ac¢ounllng p8riods commoncing from 1 January 2016). The charity Is a Publlc Beneflt Entlty as definéd by FRS 102, The fflnonclal statements are prepared in slerllngi whlch Is thè funcuonal ujrrency of the tharity. Monetary amounts In these financlal stalem8nl9 8re rounded to tho n6arest £, The flnanttlal st8tomeiits havg been prepared under the historical aosl ¢onv8ntlrJn, rrtLKllfled to Include the ravalualloTh of fn28hold propethes and lo Includo inve8tmÈnt propertles and certaln financial Inslrurnents at falr value. The prln¢lpal a¢¢ountlng polldes adopted aro set out below. 1.2 Golng con¢ern As at 31 March 2024 th8 charlty has made a deflclt of £681,798 and htas net Ilabilltlès of £4,189 at the year end. The defl¢it Is thg result of rislng ¢osts and a payment made lo the Nl Houslng Executl¥o in relallon to recovary of hlstorfc r8slricted reservas. The ¢harlty are In Ihe $tAges of negollatlon with ttie Nl Houslng Executlv$ and Supportlng Peopte regardlng the po8sibilily of a gignlknnt upllft In rates. The charlty owes £411,499 12023: £411,499) to a related organlsatlon, Iha Leglon of Mary. Thoy havo Confirmed will not 80ok repaym¢nt undl the company is In a posltlun lo do $0. A repayment plan is lo b8 Égraed wllhin the ngxt yeaT. The Illreclors understand that th8 ¢lrcumstances represent a rlsk to Ihe golng crjncern huwever they h&ve wiiduded that they are saLlsf19d that IhB r.harity can ¢ontlnue in op6ratlonBI exl8ten¢e for at168$t 12 months from the date of Slgnlng tl)e accounts and have thefor0 propar6d the accounts on a going conc4rn b8sIs. 1.3 Charitable funds Unrestricted Ibnds aro avallabl8 for use at thé dlbGretion of th8 Management Commlttee In furtherance of thelr charitsblo oblectlves. Resfn'cted funds er8 funds which are to be used In accordance wllh speLffi¢ restrfctlon$ Imposed by donors or whi¢h have boen ralsod by the Chariiy for partlcular purposas. The oosl ol ralslng and Rdministering 8UC funds ore chargod 8galn$t th6 specific lund, Th¥ aim and use of ea¢h re$lrlctgd fund is 86t out in thB notgs Io the Slnancial statements. 1.4 Incom¢ All In(xJmlng rosource3 ara Included In the Statement of Financl81 Actlvllles (SOFA) when Ihe charfly Is legally entllled to tho Income after any performance condltlons havg been met, the amount Can be measured reliably It 1$ probable that the Income wlll be r91ived. For donatlons to b8 rocogni8gd the charity will have bean nottfiod of the amounts and the settlement dEte In writing. If ther¢ are conditions attached to the donatlon and thig requlras a level of perforrllance befDf9 erttlllement can be obtained then incom¥ is do12rred until those cjndlllong 8re fully met or the fulfllment of those condillona Is wlthln the cnnlrol of th6 charlty and 5t Is probable thet thèy wlll be fulfllled. 13-
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ounting pollcles (Contlnuod} D.onalod faollilfeg and tlonaled profosslonal sotvlces are re¢oun188d Incom6 al thelr falr valu6 When thelr ecvnomits banefft Is probable, It cRft ba measur¥d rellably and Ihe ¢haTity has ntrol ovor the Il&m. F8lr value Is detemlned on tha basls of tbe+ valu¢ of the glft to the chg.rlly. For examplo thg amount the charlty would be wIlng to pay in Ihe opon market for such faclllties and aervlces. A corrospondlng amourrt Is recognisgd In expFJnditur8. No amount Is Included in the fln8nGlal slatem6nts for volunleer time in Ilna wllh SORP (FRS 102). Further delmil is giv8n in the Management Commltt88'8 Annual Report. Wher8 pr8Ctlcable, glfls In ktnd donated for dl8tribution lo the beneficlarles of the) charlty are Included h stock ond donatlonÈ In thts Nn8nriql $iatements upon retslpL If li l& Imprattlltsblg lo a&£os¥ Ihe falr vBlup al rocdptor If Ihe oosts lo unclertakp su¢h a veluatlpn outweioh any bongftlts, Ihon the folr val9 Is r&¢ognlsed ag a Compongnt ol don¥llon$ wh¢n h 1$ di$lilbuled and an &oulv*leni amount roGognlsed as charlloble expenditure. Qlfts In klnd donated for re$FJle aro kncluded at fair v&lue, h¢ln9 the expgcled pro¢eadg from salo198S tho ected costs of galo. Whore e$tlmatlng the talr valu& Is pracllcablb upon re¢elpl It b re¢ognls0d in stock and 'lncome from othèr Iradlng activitias,. Upon sale, the value of the stock is ¢harg oualnst 'lncome Irom other tradirig actmtles, and the proceeds ar6 racognl$ed a8 'lncome from othertrading aclivllius,, Where tt Is impradicable to felr value Ihg Items due to the volume of low value Items they ara not recognlsed In Ihe financlal slalements Ljntll they are spld. Thls Income is reoognised wllFln 'liiLumB from oth¢r tradinu acllvlues.. Flxoj assel glfts In klnd are rocognlsed when receivable and are IncJLrded gt f81r value. They are not defvrred over the Ilfe of Ihe assèt. For lega¢i¢s. enlltlement Is the 88rtler of the charty belng notifi af an Impoijdlng dlslrlbutlon or thelogatty belng rgcofved. At Ihls point incume FS reoognised. Dn occ&don 1gQocles wlll be rH)tilled to the oharlty however It is not possible to measuro the amount expected to be dlstrlbutad. On those ots¢aslon6, tho legacy 11> treal8d as a contingent asset and dlsclosed. Income from trfiding aclivilles Includes Income earned from fiJndraislng evgnts and Iradlng acllvltlos to raise fijnds for the charity. Inixme Is r8c8lved In exGh8nge for supplylng good8 and sorvi¢88 In order to raisg funds and ts reLognlsed when entitlement has occurred. The charity ra1Ve funds from the Northern Ireland Housing E¥eGtIv¢ in respecl of the sanrice agraemenl with supporting People. Thls Incorne and olh8r £rants aro roooynl%6d at fair value when the chariLy has ntitlement gfter any pgrformance conditions have bean met, It is probable that the Income will be ¢81Ved and the amount can be measured reliably. If 8ntitlamont Is not met then theso amounts are doferred. Inveslmgnt income Is earned through holding assets for Investment purposes Such as shares and property. It Includoa dlvldttnds, Inlerè&£ and r8nt. Where tt is not pradicable to Idenllfy Investment managemenl Costs InCUd wlihln a scherne wtth rea$ottablè auMQY the inv¥¢lm8nt incume is reported net of these costs, It Is lTh¢luded when the amount can b? mea$ured r611ably. Ini¢féyt IhCOMP 18 recoynlsed u8ing the effe¢tiv6 intorest melhod and divldend 8nd rent Irtoome Is recognlsed as the ¢harlty's rfllht to reaelve paymant Is establishéd. Qlher inGorne Includos Ihe conversion of endowmenl funds into incomg whl¢h artses whan capllal fvnds are le85ed to an income fund from expendable èndowments or when a charlty has authority to adopt ? iotal return approach to Its permanent endowment fund. It also includes other Income such as galns on dlsposals of tangibla fixed ossets, Due to the naturè of donated incume. such Income Fs not capabl8 of control by tha Charity before recelpt by the Charlty. However, fln8ncial conlrols are in plac& lo ensure accurate recordlng and safeguardlng of all income recalved by the Charity 14-
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢leg {Conlinuad) 1.5 Expendltura All expgndilure is 8cr.ounted for on an 8ccruals ba#ls and hos b88n cla$$lfied under hgadlngs fhat aggregate 811 costB re18ted to the cakgory. Expenditure Is recognlsed Whe there Is a legal or conslrucllve obllgalion to moke payments to thlrd paruos. It18 probable that the settlement wlll be requlred and tho amount of the obllg8tion can be Measured rellably. It Is categorisgj under the foll¢y•vlng heacllngs: Expenditure on charttable eclivltios indude$ all th068 cosls relatad to the provbton of the servl¢e$ of the ch8rlty to the resldents. Includlng staff costs, the costs of nsnnlnu the prem18e8 and Ihe ¢osts of provldlng food to regidents and the w91fare and medlc&l needs of Ihe reslrlonts; and other &xpendftur6 ropresents those Items not falllng Into Ihè categories obove. Irrecovor8ble VAI'18 charged as an expense auainst the aclivlty for whlch expendlture arosa. Support costs allocation Support co81s are those thet asslst the work of tho charity but do not dlrecly ropre8ent charltable 8Ctlvlties Biid include offlce colts, govamance cos1& and adminÈBtrative payroll c08t8. They ar8 Inrred dSreotly in support of expendltur8 on the oble¢ts of the ch8rtty. Wherg SUPPOrt (xists cannot be directly dttrlbutod to partlGular hoadings they have been allocated lo cost of ralslnu funds and oxpenditiJr8 on charltable adlvltles on a ba81$ tt)nslstent wrth use of tlw resources. Premlsas overheads have béon allocatod on a basls aonslstgnt wlth the u88 of tho premises for ¢hBrltsble aLllvltle8 and oth6r overheads havf) been allocated on a slmllar ba$ls.. Fund-raising cosfs are tho$¢ Incurred In seeking voluntary conlrtbudons al do not Indude the o)sts of dls$emiiiatlng Informat1 In support of the charitable actlvliles. 1.6 Tangiblo fixod a5s0ts Tangible Ilxed 8$8815 are Inltlally m&agured at ¢ost and subsequently mOasu.d al (y)St or valuatlon, ngt of depreclallon and any Impaimi8nt1038es, Deproclatlon Is r6gnISed so ss to write off tho cost DrvaluatEon of assets less Ihelr resldual valuey ovar th61r useful Ilvss on the folSowlng bases., Plant and equlpmenl Flxtures and fittings Computer8 Stralght line over 4 years stralght Ilne over 4 years Stralght lino over 3 years The galn or loss arlslng on th8 dlspo$al of an ass8t [8 determinod as th6 dlfference botW8en thg sale prowds and Ihe carrying valuo of tho ass6t, and 16 recognl$ed In the statement of flnandal &ctlvllle8. 1.7 Impalrment of Ilxed assots At oach reporting end date, Ihe charfty r6vlew8 the carryin9 8mounts of Its tangible as*ts ta det8milne whether there Is any indlcallon that thoso as8els have sufferad an Impalrmeni loss. If any such Indlcation extsts. the re¢ov8rabl¢ amount of th6 asset Is esllmated In order to determine the extent of the Impalrmont 1058 (If any), 1.8 Cash and cash equlvalonts Cash and cash equivalents Include cash in hand, d8poslts h61d at call wllh banks, other short.term Ilquid investments wlth original maturiues uf three months or1988, and bank overdrafts. Bank overdrafts are shown wlihln borrowings In current Ilabllltleg. 15-
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AoUnting poli¢le$ Icontlnued) 1.9 Flnanclal Instrument8 The tharlly has e18eted lo apply the provlslons of Secllon 11 'B8si¢ Flnanclal In8trumonts' and Sectlon 12 'Other Financial Instruments1¥sueg' of FRS 102 t(> all of ts flnancial InslrLtments. Fiiianclal Inslruments are recognlsgd In t118 Charit8 balance sheet whon Ihe ¢harfty bocomes paty to th8 contraolual provlslons of the Instrument. FlnBnclal a889ts and Ilabilllies are oif$el, wrth the net amounlg presantad h the Ilnanclal Statements, when th8ro Is a legally enforceabla rtght tu set off the recognlsed amoun15 and thwre Is Èn Intention to settle on a not ba$18 orto rBallse the a99et and 81)ttle the Ilablllty slmukaiieously. Bas1¢ financlal assets Basic, finaT]cial Se1$, whlch Includè debtors and cash 8nd bank b81an¢es, aro Inltially measured at trgnsactlon prlo Includlng transadlon cost8 and are subsequently carrled at amortlsed cost U8lng the affecllve interast m&thod urilgs8 Ihe arrang6mBnl c¢nstltule$ a financlng tr8ns¥¢tlon, where th8 transaction ig measured 3t the preselrt Value of thè futur6 rerelpls discounted at a market rate of Intgre81. FlnanciE]l a8$etB Qlasslffad as recolvable wilhin one year are not amortls¢d, B8$lc fInanallia'Ilrfle5 Basia financlal Ilabilili8s, Induolng credllors bank loans are Inltlally recognlsed at transactton prlta unl088 the arrangemenl ¢onstltutes a financlng transactk)n, whgre tho d6bt In81rument Is measured at Ihe present Value of the future payments dlscounted at a m8rtet r8to of Interesl. Ftnan¢ial Ilabllfties da$sifted a8 payable wlfrhln one year are not emortlsad. Debl Instnjments are subsequBnlly rrf@d at amortlsed tt081, u$lng thg eff¢cUve Inleresl rsjtè methoLI. Trade creditots are obllgallons to pay for guad3 or servl¢es Ih8t have been acquir¥d in the ordinary ¢ours6 of operatlons from supptlers. Amounts payable are cla86lfled as Gurrent Ilabllitles rf payment Is due wilhln one year or less. If not, they are presented as non-curront liablllllos. Trad8 crediti$ are reoognlsed Inlllally at transactlon price and subs'equently measured at 8mortlsed cost UBing the effective interest melhod. Der¢cognition of flnanclal Ilabllltles Flnancial Ilabllill86 arè derecognlsed when the charity's contractual obllyattons 8xplrè or ara d18charged or cancolled, 1.10 Employ00 bongfit$ The cost of any unused hollday entitlement Is recL)gnlsed In the perlod In whlch the employee's servi¢e8 are recelved. Terminalion benefits are racognlsed Immedlatsly Ss an expense whgn the oharlty Is demonstrably committed to16rmlnate the employment of an employoe or to provlde tgTrnination benefits, 1.11 Retlrement ban#flt8 P8ymonts to deflned contributSon rellrement benefit schemes are charged as an expense as thay tall due. 16-
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 crftl¢al aGcountlng 08llmates and Judgomon In the applicatlon of th8 charit8 accounllng policies. the Management Committee are r8quked to make judgements. estlmates and assumptions about the carylng amount of assots al Ilablllties that are not readHy Apparent. from other sources. The esllmates and asso¢i8tBd a&8umptlons ere bas on hl¥torfoal experienc6 and otherfo¢tors thal are Condered to be relevant. Actual results may dlff¢r fm Ihese e$tlmatss. The &silrnates end undorfylng assumptions aro revigwed on an (Hwlng basls, Revlslon8 to ac(J)untiTVJ esllmates are re¢ognlsed In the perfod in whh tho èstSmate Is rev188d wharè the revl$ion affed8 only that perfod, or In the perlod of the r8vislun and future perlods where the rpvlsion affects both currenl and ftjture pertods. Incom• fr¢Jm donatlons and lego¢i48 Unrnstrlcted Unrostrlctfjd funds funds 2024 2023 Donatlon8 and gifts S,B06 18,316 Donatlan$ and glfts other 5.806 18,316 5,806 18,316 Incomo fr<xn charltablo actlvltles Unrostrfcted ReslrfGted funds funlts 2024 2024 Total Unrostricted Re$tri¢t nds funds 2023 2023 Trrtal 2024 2023 Charltable acts"vltie8 Porformanoe grants- 8upportlng People R¢ntal Income froni resldents Servl¢e chary8 Income from resldonls 557,918 557,918 560,167 560,167 193,270 193,270 216.513 216,513 68,fj93 68,693 52.015 52,015 261,963 557,918 819,881 268,528 560,167 828,695 17-
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Invosfmentg Unrostrfclod fundg Total 2024 2023 Intere8t recelvabla 28,229 Other Incomo Unre$ltlot¢d Unrastrlotsd fijnds fiinds 2024 2023 Cant8é1i taklngs 426 1.379
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ExpendEthre on charltablè actlvltlos Charflabla a¢lfvY(les 2024 Charltablo act1v1t$ 2023 Dlrect co8 Staff ¢osts Dopreciatlon and trnpalmignt Heat, Ilghts and ww8r Repalrs and malntenanco InsuranG'8 Fo¢yJ 8xp9ns89 Guost welfrdre & modlcal expense8 Travel and accornodallon Office and gener81 exponses Relum of funds 619,585 J75,732 1,193 T5,650 111,872 43,824 20,242 1 Q,OUO 286 6.172 98,466 90,922 58,858 32,174 9,902 27,085 543,303 1,480.589 844.951 Share vf sUPPOrt and govèrnanca costg (see noto 81 Support Govemance 26,361 29,190 28,916 19,944 1.536,140 691,811 Anatysls by f4md Ljnrftstrlcled funds Restrtcted funds 341,423 1,194,71Y 267,072 424,139 89'1,811 Support cr)stS ellooated to actfvlllos 2024 2023 Rearullment co¥t8 T¢lephono Bank ¢hargèts Accountsncy Tfalnlng cost8 Prlnlln9 and 8taiion8ry Governance costs 3,090 1,291 1,153 10,656 2,768 7,403 29,190 11,745 1,027 834 9,288 4,022 19,944 65,551 46,860 Analysed between. Ch8rllabl8 actlvltles 55,551 46,860
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement In funds 2024 2023 Th8 net movement in funds i& stated after GhargIn(CredI1lng}'. Fees payab16 for Ihe audlt of the charity's flnanolal statsmenl Dep¢[all0n r)f owned tanglble flxed assots 3,840 3,840 1,207 10 Management Commltteo None of th6 M8nag6ment Committee (or 8ny p6r8ons e,onn2cted wllh them) recslved any remuneralton or ben8fits from the charity during Iho r. 11 Employees Th8 avorage monthly numb¢>r of 8mployeL4B durfng the yaxr wa8: 2¢)24 Numbor 2023 Numbor Employment ¢o$ts 2023 Wages and salaries Soclal security costs Other pension costs 344,755 25,388 5,589 375, 132 Management Commltteo and koy mandgemant porsonnol remuneration and expenses The Management Commlttge n6ither received nor wafved any remun¢ratton durlng lh8 ye81 (2023: £Nil). Th6 totsl amount of employee beneffts re¢8lved by key management personnel 18 £NII (2023: £NII). The charty consider8 its key management personnel to ¢ompr¢)mlse the ManagemeTIt Committee, None of Ihe Man8gempnt Commlilge (2023. None) are accruing penslon arrangemerbts. Expenses amounting to £N (2023: £NII) were relmbur8ed to the Managoment Commlttee durfng the y¢ar. Thore werg no employe98 who89 annual remui)6rallon was more thar) £60.000. 12 Taxatlon The charlty Is exempt from tax on tn¢ome and galns falllng within 89clion 505 of the Taxe9 A¢t 1988 or sectlon 252 of the Taxalloft of Charg8abl8 GalnsAcl 1992 to th8 extent thal these are applied to Its charllable objects. -20-
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble fixed as58t8 Plant #nd Fixtures and Computsr ¢qulprnpMt Ilttlng Tolal Cost At 1 Apr(12023 Addltlork8 73.3¢10 23,599 28,285 23,641 125,224 23,641 At 31 March 2024 73,340 23,599 51,928 148,885 Depreclatlon and Impalrrnont At 1 Aprll 2023 73,340 23,599 28,285 125224 At 31 March 2024 73.340 23,599 28.285 125.224 Carrylng amount At 31 Mar¢h 2024 23.641 23.641 14 Debtors 2024 2023 Amounts falllng duo withln one yoar: Trada debtors Ofher debtors Prepaymonis and ac£ru8d Incom 37.040 147,851 9,D80 28,077 g,uoo 37,077 193.971 15 Creditors: amounts falllng due thIn year 2024 2023 other tsxatEon and soctal seourity Trade creditors Othor creditors Accruals and deferred income 16,345 35,592 414,114 549,470 11,444 72,392 419,28fj .5,760 1,015,221 508,882 16 RetiTament banellt $cMe8 2024 2023 Defthed ¢ontrlbutlon $chome8 Charge to profft or Ios8 in respeot of deflned contrlbutlon schemes 5.589 21
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Rotlroment benafit s¢hemo9 (ContlnuÈd) The charlty operatsg a defined contrlbutlon poTrslon scheme for all qualifying employee8. The Assets of th6 SGheme are held separ8tely from those of the charity in an Independenuy admlnistsred fund. 17 Rostricted funds The restriGted fund6 of th8 charlty comprifjo the unexpendgd balancès of donatlons and grants held on tTUSt subject to spscific condlllong by donors as to how Ihey may b6 used. Movamenl In fund$ In¢¢)mlny R¥S(rre ro¥ourc8a expendod Balayt¢o at l Aprfl 2023 Transkrs Balanca al 31 2024 Supportlng Peopl Supportlng People Uplift IT NIHE Equiprnentgrant 533.949 (1,194,297) 23.969 14201 135.428 23,549 13,654 557,918 (1,194.7171 310.962 172,831 Restrlcted funds Th6 Supporting People fundlng ig lo provlde houslng related 6UPPOrt to vulnerable people to Improve Ihelr qualtty of lrfe and attaln independonoo. There drg provlslon8 for th& r8payment to Supportlng People of ox¢ess fundlng provlded by them. The NIHE Equipm9nt gr8nt was to purchase ts¢hnology to d61iv&r e,fficlenl and servlce ImprovemÈnts. 18 Unreslrlctsd fvnd$ The unrestrkted fund8 of the charity comprlse the unexpen(Jed balances of donatk)ns 8nd granls whkh are not 8ub]ect to specifflc conditions by dorK)rs and grarfcors as to how they may bé us@d. Th68e include deslgnated fund8 which have been set asido Out of unre8trlrtgd funds by the tru8tees for specillc purposes. At l Aprll 2023 Incomlng rasouir98 Resources gxpondod Transfars At 31 March 2024 General lunds 179,141 2Y6,424 1341,423) 1310.962> (176,820) Prèvlous year: At 1 Aprll 2022 Incomlng Restsur¢è8 retsourca¥ Qxpondod Transfors At 31 Mar¢h 2023 Gèneral funds 157,990 288,223 (267,0/2) 179,14 22-
MORNING STAR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Anal1¥ of Ml asset$ botW08n funds Unro8lrlGtod fundg 2024 Rostrlcted funds 2024 Total 2024 At 31 March 2024: Tanglblo as8et Curr6nl assetsllllabllllltts) 23,641 148,900 23,841 (7.7.830) 11711020) 1176,820) 172,631 (4,189) Unre$trlctsd funds 2023 Restrl¢ted lunds 2023 Total 2023 At 31 March 2023: Curront a8SOtsllllabUltiesl 179.141 498,468 677,609 179,141 493,488 677.609 20 Related party transaolons The followlng relalod porty transacllons o¢¢urrad In the year. Tha charfty occupies premises owned by the Leglon of Mary and has been charqed £Nil rent for tha year (2022: £Nil). At the balance 8heet dale. an amount of £411,499 (2023: £411,499) wgs due to tho Logion of Mary for rent,, and The Leglon of M8ry advanced £NII (2023., £NIII to the charfty In tho year and Is owed £Nil12023: £Nil} by the Moming Star Hous¢. The amount due18 interest fr8e, unsecured and repayab18 upon demand. Overthe toldl amount duo to The Logion cf Mary Is £411A99 (2023: £411,499). 21 Cash genèr*ad from operalions 2024 2023 (Deficlty8urpuF for the year (881.798} 1 $6,579 Adjuslmants for.. Invèstmont IIKome recognlsed In 8latÉm&nt of fin8ncl81 athltles De¢¥all0rt and Impalrmtsnt oftsnglblo flxed assets 128.229) '1,193 Movements in worklng capltal,. Decreasel{Incre88e) In debtor Increase In credltors 156,894 506,339 (59,3531 78.840 Cash {absorbfrd by)Igenoratsd from operallons (46,7941 177,259 .2.3-