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2024-08-31-accounts

Holywood Family Trust (A company limited by guarantee)

Annual Accounts Independent Auditors Report and Financial Statements for the year ended 31 August 2024

Company Registration Number NI050431 Registered Charity Number NIC103344 (Northern Ireland)

HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

Holywood Family Trust (A company limited by guarantee)

Annual Report and Financial Statements for the year ended 31 August 2024

Contents
 Page
Legal and Administrative Information 3
Trustee Report 4
Report of the Independent Auditor 12
Statement of Financial Activities 16
Balance Sheet 17
Cashflows from Operating Activities 18
Notes on the Financial Statement 19

© Holywood Family Trust 2024

Community & Family Centre 108-112 High Street, Holywood, Co Down BT18 9HW

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NAME Holywood Family Trust (HFT) REGISTERED CHARITY NUMBER NIC103344 COMPANY REGISTRATION NUMBER NI50431 TRUSTEES/DIRECTORS I Wilson (Chairperson) M Watson (Treasurer) E Smyrl (Deputy Chairperson) R McCullough (Director) S Morrison (Director start date 26.11.24) NON-EXECUTIVE DIRECTOR Liam McCusker COMPANY SECRETARY S Moore SENIOR MANAGEMENT TEAM N Dornan A Fitzsimmons (Resigned 11.11.24) REGISTERED OFFICE & 1 08 High Street BUSINESS ADDRESS Holywood County Down BT18 9HW AUDITOR Brian Stewart RBCA Ltd Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG BANKERS Danske Bank Donegall Square West Belfast Co. Antrim BT1 6JS

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024

The trustees present their 20[th] annual report and the financial statements for the year ended 31 August 2024. In compliance with charity law, the Directors are referred to as trustees in this report.

Structure, governance and trustees

Holywood Family Trust (HFT), which is accepted as a charity by HM Revenue & Customs, was incorporated as a company limited by guarantee in Northern Ireland on 28 April 2004, registration number NI50431, with the objective of undertaking charitable activities for the benefit of the inhabitants of Northern Ireland.

In the event of the Charity being wound up members are required to contribute an amount not exceeding £10 each.

The first trustees were appointed by the members. Additional and replacement trustees are appointed by a simple majority resolution of the board or members. Trustees do not have a term of office and are not subject to retirement by rotation or re-election.

The trustees at 31 August 2024, who served for the entire year unless otherwise stated, are listed on page 3.

Statement of trustees' responsibilities

The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the Charity and of the net income or expenditure of the Charity for the year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We are thankful to our resilient, dedicated staff members and volunteers who have diligently, and consistently worked to ensure we continued to provide our services. We are also thankful to our funders, partners and supporters who have enabled us to have another successful and productive year.

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

Risk management

Area specific risk assessments have been undertaken that included, the fire risks faced in the premises, Child Protection and Adults at Risk of Harm procedures.

HFT Managers report quarterly to the Board of trustees, regarding issues of Adult and Child Safeguarding, Accidents and Incidents, Health and Safety checks and any legal requirements. A Risk Register is updated annually. Data Protection policies and procedures are reviewed annually and are in line with GDPR legislation that was introduced in 2018.

Contracts of employment with disciplinary and grievance procedures are in place for staff members. Trustee Indemnity Insurance was in place for the current financial year.

Review of year

HFT continued to develop programmes in line with its charitable purposes and public benefit statement as outlined to the Charities Commission NI.

Public Benefit

These lead to: improved child development/family support; better mental well-being and health; reduced anti-social behaviour; better social inclusion; cultural awareness and improved aspirations. The outputs and outcomes are independently monitored and assessed by a range of funding bodies including the Department for Communities, the Department of Health, the Education Authority, the Public Health Agency and the South Eastern Health & Social Care Trust.

This is demonstrated both by client feedback and a range of monitoring and evaluation reports provided to the grant funding bodies such as the Education Authority and the South Eastern Health & Social Care Trust.

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

The charitable purpose and benefits continue to shape HFT’s strategic objectives and operational priorities of how we achieve our goals, which are summarised as:

  1. Provision of high-quality childcare for families and youth activities for young people (including at risk young people).

  2. Provision of activities and services which assist in the mental, emotional, spiritual and physical wellbeing of individuals.

  3. Provision of educational learning activities to help socially disadvantaged people make healthier choices and to train Staff and Volunteers.

  4. Facilitation of activities and events that promote social inclusion of the entire community and create reconciliation and community development opportunities.

  5. Participation in networks and working in partnerships to achieve these aims.

1. Provision of high-quality childcare for families and youth activities for young people (including those at risk).

1.1 HFT’s Childcare Project

Holywood After School Club (HASC) has continued its service, ensuring the delivery of a reliable and quality childcare provision.

We offered 5,900 childcare places, through 264 sessions, over 46 weeks in the reporting year. This catered for 70 children from 50 families and we continued to support children with special needs whilst bringing together children and families from 3 Primary Schools. We provided holiday childcare places during school closures and responded to local need and provided childcare for Asylum families from Holywood Resettlement Group.

During the year we continued to be part funded by the Education Authority’s Bright Start Programme, which aims to support families in need and increase childcare places. We also received the HSCB Small Grant.

Redburn & Loughview Parent and Toddler Group . HFT has continued to manage this project within our Childcare project. In April 2023 we took over the Group that had run for 18 years in the heart of the community in Redburn Community Centre. We cater for pre-school children and their parents and carers. The numbers attending have grown to 46 members. The group runs twice a week and offered 66 sessions over 33 weeks in the reporting period.

Youth work services, through securing Education Authority (EA) Area Funding. This report spans the first and second year of the funding scheme started in 2023. During this reporting period HYC delivered 4 weekly evening generic/group work sessions for young people aged 8-18 years old and afternoon provision across 2 days. This allowed HYC to provide young people from our catchment area, with safe, structured and supervised youth activities that allowed for healthy growth and development, regardless of race, class, or creed. We achieved this through:

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

A sample of the work undertaken by HYC this year included:

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

The Childcare and Youth projects were supported by funders, grants and donations listed in the notes to the financial statements.

2. Provision of activities and services which assist in the mental, emotional, spiritual and physical well-being of individuals.

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

We have maintained our adult counselling service organisation accreditation with the British Association of Counsellors and Physiotherapists (BACP). The accreditation level is for

organisations that operate to the high standards outlined for counselling service providers and was the fifth service in Northern Ireland to hold this accreditation.

HFTCC continues to be a vital resource for community and primary carers alike. Our Public Health Agency (PHA) funding was renewed in April 2024, along with additional Service Pressure funding. This has enabled us to provide services to improve the emotional health and well-being of many people in North Down, Ards and Greater Belfast areas. We have continued to support service users through a hybrid provision of face to face, telephone and online Counselling sessions.

Through this reporting period we continued with the Department of Health, Mental Health Fund that started in January 2022 administered by the Community Foundation. The funding enabled us to increase our counselling sessions, develop wellbeing workshops, support the BAME community and volunteer and student counsellor development.

Some of HFTCC’s achievements this year included:

Feedback from clients and service users has continued to be very positive, they have expressed their gratitude to all involved in the work, and indicated that the service has been invaluable to them.

2.2 HFT’s Caring and Social Action Project

The project has supported individuals and families in Holywood, North Down and Greater Belfast, by providing food and essential supplies, 86 families.

This has included providing Christmas Hampers to 42 families (186 individuals) in need, in December 2024.

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

The project has been supported by Lidl, Storehouse Food Bank Bangor, Holywood Shared Town, Christian Fellowship Church (CFC) and Hygiene Bank NI.

3. Provision of educational learning activities to help socially disadvantaged people make healthier choices and to train Staff and Volunteers.

We continued to support and encourage developing a Learning Community and our three main projects provided external training opportunities as well as held a range of in-house training and team building

activities. These included: First Aid; Safeguarding Children, Adults at Risk Safeguarding; Trauma/Resilience, Autism Training, GDPR, OCNNI Level 2/3 Youth Leadership, Risk Management, Fire Safety, and Food Hygiene.

4. Facilitation of activities and events that promote social inclusion of the entire community and create reconciliation and community development opportunities.

Community Development through :

5. Participation in networks and work in partnerships to achieve these aims.

Networks and Partnership working continued to help to increase our overall capacity in delivering services.

We continued to work with Government Bodies, Community Organisations, Schools, PSNI, Faith Based Organisations, Youth Groups, Churches and the Residents Association.

HFT’s trustees would like to recognise and acknowledge:

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

Financial Review

During the year the total income was £589,728 (Restated 2023: £440,971) and expenditure £550,179 (Restated 2023: £514,316) resulting in a net surplus of £39,549 (2023: (£73,345)). At the year end the balance of restricted funds held was £2 and unrestricted funds held was £333,346. Unrestricted designated funds are held in order to ensure adequate cash flow during months where income is reduced, due to the seasonal nature of the Charity's activities.

Unrestricted reserves

The Charity aims to maintain unrestricted funds and reserves that equates to between 25% and 50% of annual running cost overheads and administration. This provides sufficient funds to cover any unforeseen costs that may arise as well as allowing for the payment of any liabilities that would crystallise if the Charity ceases to operate.

Signed by order of the Board

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

Independent Auditor’s Report to the Members of Holywood Family Trust

Opinion

We have audited the financial statements of Holywood Family Trust (the ‘charitable company’) for the year ended 31 August 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees' annual report[2] , other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-thefi/description-of-the-auditor%E2%80%99s-responsibilities-forThis description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 (including income and expenditure account)

Unrestricted Restricted
Note
Funds
Funds
2024
2024
£
£
Incoming resources
Incoming resources from generated funds
Voluntary income
2
18,098
30,572
Activities for generating funds
Investment income
4
3,265
Incoming resources from charitable activities
5
91,247
446,546
Total incoming resources
112,610
477,118
Resources used
Charitable activities
7
73,903
474,646
Governance costs
7
610
1,020
Total resources used
74,513
475,666
Net (loss)/income for the year
38,097
1,452
Transfers
Gross transfers between funds – in
Gross transfers between funds – out
Net movement in funds
38,097
1,452
Total fund balances brought forward
295,249
(1,450)
Total fund balances carried forward
£333,346
£2		 Restated
Total
Total
2024
2023
£
£
48,670
42,800
3,265
747
537,793
397,424
589,728
440,971
548,549
512,816
1,630
1,500
550,179
514,316
39,549
(73,345)
39,549
(73,345)
293,799
367,144
£333,348
£293,799

There were no other gains or losses recognised during the year so that a separate statement of total recognised gains and losses is not required.

There is no difference between the net income for the year stated above and its historical cost equivalent.

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

BALANCE SHEET AS AT 31 AUGUST 2024

Note
CURRENT ASSETS
Debtors
9
Cash at bank and on hand
CREDITORS– amounts falling due
within one year
10
NET CURRENT ASSETS
NET ASSETS
REPRESENTED BY
Restricted funds
11
Unrestricted funds
General
Designated
Total unrestricted funds
11
2024
£
8,191
423,576
431,767
98,419
2
254,224
79,122		 Restated Restated
2024
2023
2023
£
£
£
3,789
447,526
451,315
157,516
333,348
293,799
£333,348
£293,799
(1,450)
221,370
73,879
333,346
295,249
£333,348
£293,799

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

Year ended 31 August 2024


Cash flows from operating activities
Net (expenditure)/income
Adjustments for:
Depreciation
Interest payable and similar charges
Changes in:
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest paid

Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible assets
Net cash used in investing activities
Net increase /(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 Restated
2024
2023
£
£
39,549
(73,345)
(4,402)
14,062
(59,097)
150,220
(23,950)
90,937
-
--
_
_
(23,950)
90,937
(23,950)
90,937
447,526
356,589
423,576
447,526

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

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

The financial statements were approved by the board of Trustees on 20[th] May 2025 and were signed on their behalf by:

MR IAIN WILSON MR MARK WATSON Director Director

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

NOTES ON THE FINANCIAL STATEMENTS - 31 AUGUST 2024

1. Accounting policies

The Charity's principal accounting policies are stated below.

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.

Basis of preparation of accounts

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities: Statement of recommended practice”, applicable to charities preparing in accordance with the Financial Reporting Standard, applicable to UK and ROI, effective from January, 2015 (FRS102), and the Companies Act 2006 The Charity has taken advantage of the exemption in FRS1 ‘Cash flow statements’ from the requirement to produce a cash flow statement because it is a small company.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the charitable objectives of the Charity. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted income funds are funds subject to specific restrictions imposed by donors or by the purpose of the appeal. The receipt and use of restricted funds are set out in the financial statements.

Incoming resources

All income (including grants) is accounted for as soon as the Charity has entitlement to the income, there is certainty of receipt and the amount is quantifiable.

The value of donated services cannot be quantified and is not included in the financial statements. Many individuals routinely give of their time and talents that cannot be recorded in these financial statements.

Resources used

All expenditure is accounted for on an accruals basis and includes any VAT that cannot be fully recovered.

Governance costs include the direct clearly identifiable costs of governance arrangements that relate to the general running of the Charity. These activities provide the governance infrastructure that allows the Charity to operate and to generate the information required for public accountability.

Indirect governance costs, such as staff costs and office supplies, have not been separately identified and accounted for since the cost and time of doing so is not considered sufficiently beneficial to a reader of these financial statements.

Fixed assets

Assets with a cost in excess of £2,000 intended to be of ongoing use to the Charity in carrying out its activities are capitalised as fixed assets.

Depreciation is charged on tangible fixed assets at 25% of cost per annum, so as to write them off over their expected useful lives.

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

NOTES ON THE FINANCIAL STATEMENTS (CONTINUED) - 31 AUGUST 2024


2a
Voluntary income
Donations (see Note 2b)
Grants (see Note 3)
2b
Donations
Donations totalling £11,625 were received.

3
Grants received
Bright Start
Ards & North Down Borough Council
Education Authority SE Region
HSCB Small Grant
Other misc grants – Holywood Shared Town
PHA Cost of living pressures
Police Property Fund
Department for Communities
Habinteg / Woven
4.
Investment income
Interest receivable

5.
Incoming resources from charitable activities
Fees receivable – Childcare
Fees receivable – Counselling
Income from government bodies (see Note 6)
Income from services and training
Rental income
Participant contributions (youth trips & residentials)
Other miscellaneous income

£
£

£
2024
£
11,625
37,045
48,670


2024
£
5,673
6,160
18,994
600
200
1,700
3,718
37,045

2024
£
£3,265
 Restated
2023
£
2,565
40,235
£42,800
Restated
2023
£
5,833
6,594
20,724
2,000
1,364
3,290
430
£40,235
2023
£
£747
Restated
2023
£
85,254
5,695
292,562
11,000
600
898
1,415
397,424

£
2024
£
85,521
1,878
446,056

42
40
2,337
1,919
537,793
£

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

NOTES ON THE FINANCIAL STATEMENTS (CONTINUED) - 31 AUGUST 2024


6.
Income from government bodies
Department for Communities
Education Authority
Department of Health
Public Health Agency

2024
£
57,314
163,518
121,374
103,850
446,056
£		 Restated
2023
£
51,647
121,512
46,278
73,125
292,562

£

The Department for Communities (DfC) part-funded the posts of CEO, Operations Support Manager and Finance Officer.

The Public Health Agency (PHA) and Department of Health (DoH) provided funding in connection with counselling services undertaken during the year.

The Education Authority (EA) provided funding to support youth work services during the year.

7. Resources used

7.
Resources used
Unrestricted Restricted
Funds
Funds
2024
2024
£
£
Charitable activities
(a) Staff, contract staff and recruitment costs
62,316
365,050
(b) Programme costs
10,443
38,221
(c) Premises, insurance and utility costs
55
49,204
(d) Equipment & ICT Systems
905
18,999
(e) Post, stationery and office costs
19
2,535
(f) Miscellaneous costs
165
637
73,903
474,646
Governance costs
(g) Audit
610
1,020
(h) Accountancy and independent examination
(i) Legal services
-
-
610
1,020
£74,513
£475,666
£
Total
2024
£
427,366
48,664
49,259
19,904
2,554
802
548,549
1,630
-
1,630
550,179
Restated
Total
2023
£
381,002
50,379
67,096
9,987
2,034
2,318
512,816
1,500
-
1,500
514,316

£

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

NOTES ON THE FINANCIAL STATEMENTS (CONTINUED) - 31 AUGUST 2024

8.
Staff costs
Employment costs of all employees were as follows:
Gross salaries and wages
Social security costs
Pension contributions
Total staff costs
£		 2024
£
401,915
17,178
8,273
427,366
£		 2023
£
355,867
16,221
8,914
381,002

No employee earned £60,000 p.a. or more.

The average number of paid staff (excluding self-employed contractors) during the year was 25 (previous year 26).

No trustee received any remuneration or expenses for services as a trustee.

9.
Debtors
Trade debtors
Prepayments
Accrued income
Trade debtors are due within one year.

10.
Creditors – amounts falling due within one year
Deferred Income
Accruals
Taxation and social security
£		 2024
£
3,651
4,540
£8,191

2024
£
90,555
4,130
3,734
98,419
£		 2023
£
877
2,000
912
£3,789
Restated
2023
£
151,114
1,500
4,902
157,516

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

NOTES ON THE FINANCIAL STATEMENTS (CONTINUED) - 31 AUGUST 2024

11. Movements of funds

Analysis of restricted fund movements:

Fund name Balance at
31-8-2023
£		 Balance at
31-8-2023
£		 Incoming
resources
£		 Incoming
resources
£		 Outgoing
resources
£		 Outgoing
resources
£		 Transfers
£		 Balance at
31-8-2024
£
AND – Community Development
Grant		 - 1,104 1,104 - -
AND- Community Festival 1,029 1,029 - -
AND–PCSP-Policing
&
Community Safety Partnership		 - 4,418 4,418 - -
DoH – Counselling services - 121,375 121,375 - -
PHA – Counselling services - 105,549 105,549 - -
DfC – Core Staff - 57,314 57,314 - -
EA – Area funding (1,452) 96,075 94,623 - -
EA – MIS 1,000 1,000 - -
EA – Small Grant Programme 1,500 1,500 - -
EA – Start/Engage - 67,542 67,542 - -
EA – TPP – Capacity Building 1 11,141 11,140 - 2
EA – TBUC 1 5,353 5,354 - -
Habinteg TBUC 3,718 3,718 - -
Total restricted funds £ (1,450) £ 477,118 £ 475,666 £- £2

A separate restricted fund is established for each funding programme. Each fund supports the charitable activities of the Charity.

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HOLYWOOD FAMILY TRUST - 2024 ANNUAL REPORT

NOTES ON THE FINANCIAL STATEMENTS (CONTINUED) - 31 AUGUST 2024

Analysis of unrestricted fund movements

Fund name Balance at
31-8-2023
£		 Balance at
31-8-2023
£		 Balance at
31-8-2023
£		 Incoming
resources
£		 Incoming
resources
£		 Incoming
resources
£		 Incoming
resources
£		 Outgoing
resources
£		 Outgoing
resources
£		 Outgoing
resources
£		 Outgoing
resources
£		 Transfers
£		 Balance at
31-8-2024
£		 Balance at
31-8-2024
£		 Balance at
31-8-2024
£
Designated funds:
Community Counselling 14,908 6,893 7,142 - 14,659
Families in Need 2,715 529 - 2,186
RLPTG – Redburn Loughview
Parent and Toddler Group		 23 1,152 885 - 290
After School Club 35,962 91,794 82,469 - 45,287
Young People Leading Change 10,962 800 67 - 11,695
Youth Activities 9,309 1,410 5,714 - 5,005
Total designated funds 73,879 102,049 96,806 79,122
General fund 221,370 10,561 (22,293) - 254,224
Total unrestricted funds £ 295,249 £ 112,610 £ 74,513 £333,346

Resources from the designated funds may be transferred to the general fund at any time.

12. Assets and liabilities held in each fund

General Designated Restricted Total
fund funds funds funds
£ £ £ £
Current assets less liabilities 254,224 79,122 2 333,348

13. Financial commitments

The Charity has the following annual financial commitments under operating leases:

Expiring in 1 year

£		 2024
£
28,000
28,000
£		 2023
£
24,000
24,000

The previous lease with Holywood CFC expired in September 2020 the parties renewed the agreement on a yearto-year basis. There is also a memorandum of understanding with Holywood CFC that agrees the year’s heat and light, telephone and other sundry expenses.

NOTES ON THE FINANCIAL STATEMENTS (CONTINUED) - 31 AUGUST 2024

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HOLYWOOD FAMILY TRUST – 2024 ANNUAL REPORT

14. Related party transactions The Charity was originally founded in 2004 by members of Holywood Christian Fellowship Church (‘HCFC’) and currently leases HCFC’s premises. The Trustees do not consider HCFC to be a related party as each has its own separate Trustees, management and administration organisation. The Trustees consider the disclosure of transactions with HCFC to be appropriate given the origin of the founding members.

Name Nature of entity Principal activity
Holywood Christian Fellowship Church Trust Church
The following is a summary of the payments to HCFC during the year:
2024 2023
£ £
Resources expended
Rent and room hire 27,667 24,000
Electric and gas 8,583 8,990
Water charges 1,121 1,007
Repairs & maintenance 663

Trustee R McCullough is the owner of Eden Consultancy Ltd and the company provided workshops for our Youth Project and received £1000.

15. Pension contributions

HFT continues to make pension contributions to a defined contribution scheme for certain employees and maintains an Auto Enrolment Pension Scheme for all eligible Staff.

16. Contingent liabilities

There is a contingent liability to repay certain grants received if the grant aiding authority decides that a project subject to the grant aid was not properly performed in accordance with the grant application.

17. Prior Year Adjustment

A prior year adjustment has been included within the financial statements to restate incoming resources to recognise income on an accruals basis. The impact of this on the comparative figures for the year ended 31 August 2023 was an increase in deferred income of £151,084 and reduction in incoming resources of £151,084.

18. Share capital

The Charity does not have a share capital and is limited by guarantee.

19. Taxation

The Charity is accepted as a charity by HM Revenue & Customs. Consequently, no provision is considered necessary for taxation.

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