MORNING STAR HOUSE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
94,504
304.214
11,578
(17.920)
599.056
76.584
903.270
11.578
5,806
261,963
28,229
426
5,806
819.881
28,229
426
557,918
Total income
410,296
581.136
991.432
296,424
557,918
854,342
Expenditure on:
Charitable activities
107,522
606,934
714,456
341,423
1,194,717 1,536,140
Total expenditu
107,522
606.934
714,456
341,423
1,194,717
1.536,140
Net incomel(expenditure)
302,774
(25,798)
276,976
{44,999) 1636,799) {681,798}
Transfers between
funds
(4,266)
4,266
{310,962)
310,962
Net movement in
funds
298.508
(21.532)
276.976
{355,961) 1325,837) {681,798}
Reconciliation of funds:
Fund balances at 1 April 2024
(176.820)
172.631
(4.189)
179.141
498.468
677.609
Fund balances at 31 March
2025
121,688
151,099
272,787
(176,820)
172,631
(4,189)
The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
10-

MORNING STAR HOUSE
BALANCE SHEET
ASA T31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
13
15,836
23,641
14
50,404
260,285
37,077
950,314
310.689
987,391
Creditors: amounts falling due within
one year
15
(53,738)
{1,015,221)
Net current assetsl(liabilities)
256,951
(27,8301
Total assets less current liabilities
272,787
(4,1891
Income funds
Restricted funds
Unrestricted funds
17
151,099
121,688
172.631
(176,8201
272,787
(4,1891
The financial statements were approved by Ihe Management Committee on 0510212026.
Robert Dowey
Trustee
The notes on pages 13 to 23 form part of these financial statements.
11

MORNING STAR HOUSE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Cash flov￿ from operating activities
Cash absorbed by operations
21
(701,5321
(46,7941
Investing activilies
Purchase oftangible fixed assets
Investment income received
(75)
11.578
(23,6411
28,229
Net cash generated from investing activities
11,503
4,588
Net cash generated from financing activities
Net decrease in cash and cash equivalents
(690,029)
(42.2061
Cash and cash equivalents at beginning of year
950,314
992,520
Cash and cash equlvalents at end of year
260.285
950.314
12-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Morning Star House is a registered Charity in Northem Ireland. The registered office is Morning Star House.
2-12 Divis Street, Belfast, BT12 4AL.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities Act (Northern Ireland) 2008
and "Accounting and Reporting by Charities.. 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}- (as amended for accounting periods commencing from 1 January 20161. The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in steding, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal aGGounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements. the Management Committee have a reasonable expectation
that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus
the Management Committee continue to adopt the going concem basis of accounting in preparing the
financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Management Committee in fvrtherance of their
charitable objectives.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The cost of raising and administering such
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to
the financial statements.
1.4 Income
All incoming resources are included in the Statement of Financial Activities {SOFA} when the charity is
legally entided to the income after any performance conditions have been met, the amount can be
measured reliably and it is probable that the income will be re￿ived.
For donalions to be recognised the charity will have been notified of the amounts and the settlement date in
writing. If there are conditions attached to the donation and this requires a level of performance before
entitlement can be oblained then income is deferred until those conditions are fully mel or the fulfilment of
those conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their
economic benefit is probable. it can be measured reliably and the charity has control over the item. Fair
value is determined on the basis of the value of the gift to the charity. For example the amount the charity
would be willing to pay in the open market for such facilities and services. A corresponding amount is
recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further
detail is given in the Management Committee's Annual Report.
13-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in
stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at
receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised
as a component of donations when it is distributed and an equivalent amount recognised as charitable
expenditure.
Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the
expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock
and 'lncome from other trading activities,. Upon sale. the value of the stock is charged against 'lncome from
other trading activities, and the proceeds are recognised as 'lncome from other trading activities,. Where it is
impracticable to fair value the items due to the volume of low value items they are not recognised in the
financial statements until they are sold. This income is recognised within 'lncome from other trading
activities,.
Fixed asset gifts in kind are recognised vthen ￿CeIVable and are included at fair value. They are not
deferred over the life of the asset.
For legacies. entitlement is the earlier of the charity being notified of an impending distribulion or the legacy
being received. At this point income is recognised. On occasion legacies will be notified to the charity
however it is not possible to measure the amount expected to be distributed. On these occasions, the
legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income eamed from fundraising events and trading activities to raise
funds for the charity. Income is received in exchange for supplying goods and seNices in order to raise funds
and is recognised when entitlement has Occu￿ed.
The charity receives funds from the Northem Ireland Housing Executive in respect of the seNice agreement
with Supporting People. This income and other grants are recognised at fair value when the charity has
entitlement after any performance conditions have been met, it is probable that the income will be received
and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Investment income is eamed through holding assets for investment purposes such as shares and property. It
includes dividends, interest and rent. Where it is not practicable to identify investment management cosls
incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is
included when the amount can be measured reliably. Interest income is recognised using the effective
interest method and dividend and rent income is recognised as the charity's right to receive payment is
established.
Other income includes the conversion of endowment funds into income which arises when capital funds are
released to an income fund from expendable endowments or when a charity has authority to adopt a total
return approach to its pennanent endowment fund. It also includes other income such as gains on disposals
of tangible fixed assets.
Due to the nature of donated income, such income is not capable of control by the Charity before receipt by
the Charity. However. financial controls are in place to ensure accurate recording and safeguarding of all
income received by the Charity
14-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
(Contlnued)
1.5 Expenditure
All expenditure is accounted for on an accnJals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties. it is probable that the settlement will be required and the amount of the
obligation can be measured reliably. It is Gategorised under the following headings..
Expenditure on Gharitable activilies indudes all those costs related to the provision of the
services of the charity to the residents, including staff costs. the costs of running the premises
and the costs of providing food to residents and the welfare and medical needs of the residents;
and
Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable activities
and include office costs, govemance costs and administrative payroll costs. They are incurred directly in
support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to
particular headings they have been allocated to cost of raising funds and expenditure on charitable activities
on a basis consistent with use of the resources. Premises overheads have been allocated on a basis
consistent with the use of the premises for charitable activities and other overheads have been allocated on
a similar basis..
Fund-raising costs are those incurred in seeking voluntary contributions and do nol include the costs of
disseminating information in support of the charitable acts'vities.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at (x)st and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Plant and equipment
Fixtures and fittings
Computers
Straight line over 4 years
Straight line over 4 years
Straight line over 3 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the ststement of financial activities.
1.7 Impairnient of fixed assets
At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impaiment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment
loss lif any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
15-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
(Contlnued)
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balan￿ sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised ￿St. using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been aGquired in the ordinary Gourse of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Tenmination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribLrtion retirement benefit schemes are charged as an expense as they fall due.
16-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Management Committee are required to make
judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may differ from these ests'mates.
The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future peri(Kls where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2025
2025
Totsl Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
94.504
(17,920)
76,584
5.806
5,806
Donations and gifts
Other
(17.920)
76,584
5,806
5,806
(17,920)
76,584
5,806
5,806
Income from charitable activities
Unrestricted Restrictsd
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Charitable activities
Performance grants-
Supporting People
Rental incomefrom
residents
Service charge income
from residents
599.056
599.056
557,918
557,918
244,938
244,938
193,270
193,270
59,276
59,276
68,693
68,693
304,214
599,056
903,270
261,963
557,918
819,881
17-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Investments
Unrestricted
funds
Totsl
2025
2024
Interest receivable
11,578
28,229
Other income
Unrestricted Unrestricted
funds
funds
2025
2024
Canteen takings
426
18-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
Charitable
activities
2025
Charitable
activities
2024
Direct costs
staff (x)sts
Depreciation and impairment
Rent
Heat, lights and tx)wer
Repairs and maintenan
Insurance
Food expenses
Guest welfare & medical expenses
Travel and accommodation
Office and general expenses
Retum of funds
735,163
7,880
(411,499)
92,797
86,016
61,963
40,362
9,587
619,585
98,466
90.922
58.858
32.174
9,902
294
27,085
543.303
22,500
644.769
1.480,589
Share of support and governance costs {see note 8)
Support
Governan
33.366
36,321
26.361
29,190
714,456
1,536,140
Analysis by fund
Unrestricted funds
Restricted funds
107,522
606,934
341,423
1,194,717
714.456
1.536,140
Support costs allocated to actlvitles
2025
2024
Recruitment costs
Telephone
Bank charges
Accountancy
Training costs
Printing and stationary
Governance costs
4,080
1,557
1,197
10,454
2,345
13,733
36,321
3,090
1,291
1,153
10,656
2,768
7,403
29,190
69,687
55,551
Analysed between:
Charitable activities
69.687
55,551
19-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Net movement in funds
2025
2024
The net movement in funds is stated after chargingl(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
3,840
7,880
3,840
10 Management Committee
None of the Management Committee (or any persons connected with them) received any remuneration or
benefits from the charity during the year.
11
Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
22
23
Employment costs
2025
2024
Wages and salaries
Social security Costs
Other pension costs
679,635
45,812
9,716
570,268
40,428
8,889
735,163
619,585
Management Committee and key management personnel remuneration and expenses
The Management Committee neither received norwaived any remuneration during the year (2024.. £Nill.
The total amount of employee benefits received by key management personnel is £Nil 12024= £Nil}- The
charity considers its key management personnel to compromise the Management Committee.
None of the Management Committee (2024.. None) are accnjing pension arrangements.
Expenses amounting to £Nil {2024: £Nil) were reimbursed to the Management Committee during the year.
There were no employees whose annual remuneration was more than £60,000.
12 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
-20-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Tangible fixed assels
Plant and Fixtures and
equipment
fitting5
Computers
Total
Cost
At 1 April 2024
Additions
73.340
23,599
75
51.926
148,865
75
At 31 March 2025
73,340
23,674
51,926
148,940
Deprecialion and impairnient
At 1 April 2024
Depreciation charged in the year
73,340
23,599
28,285
7.880
125,224
7,880
At 31 March 2025
73,340
23,599
36,165
133,104
Carrying amount
At 31 March 2025
75
15.761
15,836
At 31 March 2024
23,641
23,641
14 Debtors
2025
2024
Amounts falllng due wlthln one year:
Other debtors
Prepayments and accrued income
41,404
9.000
28,077
9,000
50,404
37,077
15 Creditors: amounts falling due within one year
2025
2024
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
17,488
29,032
3,359
3,859
16,345
35,592
414,114
549,170
53,738
1,015,221
16 Retirement benefit sGhemes
2025
2024
Deflned contrlbutlon schemes
Charge to profit or loss in respect of defined contribution schemes
9.716
8,889
21

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Retlrement beneflt schemes
(Contlnued)
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
17 Restricted funds
The restricted funds of Ihe charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
Movement in funds
Incoming
Resourcès
expended
Balancè at
1 April 2024
Trdnsfers
Balance at
31 March 2025
Supporting People
Supporting People Uplift IT
NIHE Equipment grant
135,428
23.549
13,654
599,056
(599,056)
17,878)
135,428
15,671
{17,920)
4,266
172,631
581,136
(606,934)
4,266
151,099
Restricted funds
The Supporting People funding is to provide housing related support lo vulnerable people to improve their
quality of life and attain independence. There are provisions for the repayment to Supporting People of excess
funding provided by them.
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
General funds
(176.820)
410.296
(107,522)
14,2661
121.688
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
179.141
296.424
(341,423)
(310,9621
(176.8201
-22-

MORNING STAR HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Analysis of net assets between fvnds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl(liabilities)
167
121,521
15,669
135,430
15,836
256,951
121,688
151,099
272,787
Unrestricled
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilities)
23.641
148,990
23,641
(27,8301
(176,820)
(176,820)
172,631
(4,1891
20 Related party transactions
The following related paty transactions occurred in the year.
The charity occupies premises owned by the Legion of Mary and has been charged £Nil rent for the year
(2024.. £Nil}. At the balance sheet date. an amount of £Nil12024: £411.499} was due to the Legion of Mary for
rent. The Legion of Mary fomially agreed to waive historical rent arrears.
21
Cash absorbed by operations
2025
2024
Surplusl(deficit) for the year
276.976
{681.798}
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impaimient of tangible fixed assets
(11,5781
7,880
{28,229}
Movements in working capital:
(Increase)Idecrease in debtors
(Decrease)lincrease in creditors
(13,327)
(961,4831
156,894
506.339
Cash absorbed by operations
(701,5321
(46,794}
-23-