COMPANY REGISTRATION NUMBER: N1054971 CHARITY REGISTRATION NUMBER: NIC105732 Home-start Omagh District Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 SP MCCAFFREY & CO Chartered accountants 50 Campsie Road Omagh Co Tyrone BT79 OAG
Home-start Omagh District Ltd Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 16 Notes to the detsiled statement of financial activities 18
Home-start Omagh District Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees. who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and administratlve detalls Registered charity name Home-start Omagh District Ltd Charity registratlon number NIC105732 Company registration number N1054971 Principal office and registered Macca Resource Centre office 21 A Knockshee Park Omagh Tyrone The trustees Carol Moore (Chairperson) Emma Owens Eithne Connolly Aisling McLaren Dr Maureen Halliday Ann Margaret Gormley Susan McDemiott (Resigned 13 January 2023) Company secretary Allison Spriggs Independent examiner S P Mccaffrey 50 Campsie Road Omagh Co Tyrone BT79 OAG Structure, governance and management The Association holds an AGM where it elects trustees to oversee the running for the year. Objectivas and activities We have referred to the guidance contained in the Charilies Commission general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Home-start Omagh District Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {¢ontlnu8d) Year ended 31 March 2023 Achievements and performance The statement of Financial Activities on page 5 sets out the results for the year. The trustees, are indebted to the funding bodies for their support and are pleased with the number of families availing of the services of Home-start Omagh District during the year. Financial review The company is non-profit making and the members are aware ofthe sustainable use of resource. Reserves Policy The directors of Home-start Omagh District Ltd have set up a reserves policy which requires that reseNes be maintained at a level which ensures that the organisations core activilies could continue during a period of unforseen difficulty. The directors consider this figure should be no less than £15,000 and will endeavour to keep it at this level. Plans forfuture periods Homè-start Omagh District Ltd plan to continue with its current undertakings for the forseable future. Small company provisions This report has been prepared in accordan with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 4 September 2023 and signed on behalf of the board of trustees by: Carol Moore (Chairperson) Trustee
Home.Start Omagh District Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of Home-start Omagh District Ltd Year ended 31 March 2023 I report to the trustees on my examination of the financial statements of Home-start Omagh District Ltd ('the charity,) for the year ended 31 March 2023. Responsibilities and basis of report As the trustees of Ihe company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Acl 2006 ('the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not r8quired to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65{9){b) of the 2008 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect-. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act- or the financial statements do not accord with those records: or the financial statements do not comply with the accounling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination- or the financial stalements have not been prepared in accordance with the melhods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102}. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. S P Mccaffrey Independent Examiner 50 Campsie Road Omagh Co Tyrone BT79 OAG
Home-start Omagh District Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endoyfflients Donations and legacies Charitable activities Investment income 2,250 631 57 32,147 34,397 631 57 47,665 1,534 Total income 2,938 32,147 35,085 49,201 Expenditure Expenditure on charitable activities Total èxpenditure 9,450 32.147 41,596 45,944 9,450 32,147 41,596 45,944 Net (expenditure)lincome and net movement in funds (6,512) (6,511) 3.257 Reconciliation of funds Total funds brought fOard Total funds carried forward 28,028 28,028 24,771 21,517 21,517 28.028 The ststement of financial aclivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 14 form part of thes9 financlal statements.
Home-start Omagh District Ltd Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 12 886 1,113 Current assets Debtors Cash at bank and in hand 13 2,206 25,674 27,880 33,368 33,368 Creditors: amounts falling due withln one year Net current assets 14 7,249 6,453 20,631 26,915 Total assets less current liabilities 21,517 28,028 Funds of the charity Unrestricted funds 21.517 28,029 Total charity funds 18 21,517 28,029 For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476: The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial slatements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 4 September 2023, and are signed on behalf of the board by: Carol Moore (Chairperson) Trustee The notes on pages 6 to 14 forn) part of these financlal statements.
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General infomiation The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Macca Resource Centre, 21A Knockshee Park. Omagh, Tyrone. ststement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting policies Basls of preparation The financial statements have been prepared on the historical cost basis, as Tnodified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional GUenCY of the entity. Going concern There are no material uncertainties about the charities ability to continue. Judgements and key sources of estimatlon uncertarnty Estimates and judgements are continually evaluating and are based on historical experience and other faclors, including expectations of future events that are believed lo be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the chartvs purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes- restricted income funds or endowment funds.
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Accounting policies (eoJJtinuedJ Incoming resources All incoming resources are included In the ststement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is eviden of entillement lo the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and enlitlement is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and serVIS are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events. non-charitable trading activities, and the sale of donated goods. expenditure on charitsble activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributable to a single activity are allocated directly to Ihat activity- Shared costs are apportioned beiween the activities th8y contribute to on a reasonable, juslifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued arnounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnuadj Year ended 31 March 2023 Accounting policies feonlinued) Tangible assets {contlnu•d) An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown wilhin other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings Equipment 20 /0 reducing balance 20°/o reducing balance Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exisl. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impaiments are also reviewed for possible reversal at each reporknng dale. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes Ihe asset and generales cash inflows that largely independent of the cash inflows from other assels or groups of assets. For impaimient testing of goodwill. the goodwill acquired in a business combination Is, from Ihe acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Government grants Government grants are recognised at the fair value of Ihe asset received or receivable. Grants are not recognised until there is reasonable assurance that the Charity will comply with the condilions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or re1Vable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (conllnu•d) Year ended 31 March 2023 Accounting policies (Gontlnu•dJ Flnancial instruments A financial asset or a financial liability is rewgnised only when the charity becomes a paty lo the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount re1vable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and nol discounted. Debt instruments are subsequenlly measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed al a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or arnortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment Ioss is recognised under the appropriate heading in the statement of financial activities in which the inilial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant. these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Deflned contributlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid conlributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Accounting policies (eontintsed) Defined contributlon plans (Continued) When contributions are not expected to be settled wholly within 12 months of the end of the reporting dale in which the employees render the related seNice, the liability is measured on a discounted present value basis. The unwinding of the dis¢ount is recognised as an expens8 in the period in which it arises. Limited by guarantee This company is limited by guarantee. therefore no share capital exists. Donatlons and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Grants WHSCT ASDA Foundalion Halifax Amold Clarke F & O.D.C. John Moores Foundation F & O.D.C. Welbeing F & O.D.C. Strategic Planning Awards for All Belfast Cathedral Sitout Home-start Cost of Living Neighbourly Fund HSUK Pears R & R Fund HSUK Brooke Trust HSUK Care Family Enkalon Foundation 27,567 27,567 300 300 500 1.706 728 500 1,706 728 1,000 250 1,000 1,000 250 1,000 500 500 2,250 32,147 34,397 10
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (contlhued) Year ended 31 March 2023 Donations and legacies fwntlnued) Unrestricted Funds Restricted Total Funds Funds 2022 Grants WHSCT ASDA Foundation Halifax Arnold Clarke F & O.D.C. John Moores Foundation F & O.D.C. Welbeing F & O.D.C. Strategic Planning Awards for All Belfast Cathedral Sitout Home-start Cost of Living Neighbourly Fund HSUK Pears R & R Fund HSUK Brooke TrLFSt HSUK Care Family Enkalon Foundation 26,606 26,606 1.000 1.000 1,692 2.000 1,692 2,000 3,607 3,607 600 600 400 400 2,600 5,200 3,960 2,600 5,200 3,960 2,000 45,665 47.665 Charitable a¢tivlties Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations: General Fundraising 94 537 94 537 1,534 1,534 631 631 1.534 1,534 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 57 57 Net {expenditure}lincome Net (expenditure)lincome is stated after chargingl(crediting): 2023 2022 Depreciation of tangible fixed assets 227 278 11
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Independent examination fees 2023 2022 Fees payable to the independent examiner for= Independent examination of the financial statements 750 725 10. staff Gosts The average head count of employees during the year was 2 {2022- 2). The average number of full-time equivalent employees during the year is analysed as follows.. 2023 2022 No. Number of staff - Organiser Number of staff - Adminislration No employee received employee benefits of more than £60.000 during the year (2022: Nil). 11. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees- 12. Tangible fjxed assets Fixtures and fittings Equipment Total Cost At 1 Aprll 2022 and 31 March 2023 Depreciatlon At 1 April 2022 Charge for the year At 31 March 2023 3,088 13.284 16,372 3,088 12,171 227 15,259 227 3,088 12.398 15,486 Carrying amount At 31 March 2023 886 886 At 31 March 2022 1,113 1,113 13. Debtors 2023 2022 F.O.D.C. Grant due 2.206 12
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 31 March 2023 14. Creditors: amounts falling due wlthin one year 2023 2022 Trade creditors Grants in advance 4,249 3,000 5,725 728 7,249 6,453 15. Deferred income 2023 2022 At 1 April 2022 Amount released to income 210 1210) At 31 March 2023 16. Pensions and other post retirement benefits Defined contributlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1.060 {2022: £929). 17. Government grants The amounts recognised in the financial statements for govemment grants are as follows: 2023 2022 Recognised in creditors: Deferred government grants due after more than one year 210 18. Analysis of charitable funds Unrestrlcted funds At 31 March 202 At 1 April 2022 Income Expenditure General funds 28,028 2,938 (9,450) 21,516 At 31 March 202 At 1 April 2021 Income Expenditur8 General funds 24,771 3.536 (278) 28,029 13
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 18. Analysis of charitable funds (conllnu•d) Restricted funds At 31 March 202 At 1 April 2022 Income Expenditure Restricted Fund 32,147 (32,147) At 31 March 202 At 1 April 2021 Income Expenditure Restricted Fund 45,665 {45.665) 19. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 886 20.631 886 27,880 (7.249) 21,517 7.249 (7.249) 21,517 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1.113 26,915 1,113 33,368 (6,453) 28,028 6,453 (6,453) 28.028 14
Home-start Omagh District Ltd Company Limited by Guarantee Management Information Year ended 31 March 2023 The following pages do not form part of the financial statements. 15
Home-start Omagh District Ltd Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Income and endowments Donations and legacies WHSCT ASDA Foundation Halifax Arnold Clarke F & O.D.C. John Moores Foundation F & O.D.C. Welbeing F & O.D.C. Strategic Planning Awards for All Belfast Cathedral Sitout Home-slart Cost of Living Neighbourly Fund HSUK Pears R & R Fund HSUK Brooke Trust HSUK Care Family Enkalon Foundation 27,567 846 300 26,606 1,000 1,692 2,000 500 1,706 728 1,000 250 1,000 3,607 600 400 2,600 5,200 3,960 500 34,397 47,665 Charitable activities Donations: General Fundraising 94 537 1,534 631 1,534 Investment income Bank interest receivable 57 Total Income 35,085 49,201 16
Home-start Omagh District Ltd Company Limited by Guarantee Detailed Statement of Financial Activities (¢ontinuedJ Year ended 31 March 2023 2023 2022 Expenditure Expenditure on charitable actlvlties Wages and salaries Pension costs Rent Insurance Other motorltravel costs Legal and professional fees Depreciation Other interest payable and similar charges Volunteer & Family Support Activities Training costs Homestart UK Support fees Poslage & Telephone Advertising stationery & Office expenses Committee expenses Sundries 25,110 1.060 4.002 952 265 3,007 227 62 1,973 25,237 929 5,292 895 403 4,323 278 3,369 1,998 799 959 300 1,076 45 36 858 1,072 1.330 1,521 123 41.596 45,944 Total expenditure 41,596 45,944 Net (expenditure)lincoma {6.511) 3,257 17
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Expenditure on charitable activitles Activity type 1 Actlvities undertaken directly Direct charitable activity 1 wageslsalaries Direct charitable activity 1- pension Costs Direct charitable activity 1 rent Direct charitable activlty 1 insurance Direct charitable activity 1 other motorltravel costs Direct charitable activity 1 legal and professional fees Direct charitable activity 1- depreciation Direct charitable activity 1 other interest payable and similar charges Volunteer & Family Support Aclivities Training costs Homestart UK Support fees Postage & Telephone Advertising Stationery & Office expenses Committee expenses Sundries 25,110 1.060 4,002 952 265 3,007 227 62 1,973 25,237 929 5,292 895 403 4.323 278 3,369 1,998 799 959 300 1,076 45 36 858 1,072 1.330 1,521 123 34 41,596 45.944 Expenditure on charltable activities 41,596 45,944 18