COMPANY REGISTRATION NUMBER: N1054971 CHARITY REGISTRATION NUMBER: NIC105732 Home-start Omagh District Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 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 2024 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 15 Notes to the detailed statement of financial activities 17
Home-start Omagh District Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 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 2024. Reference and administrative details Registered charity name Home-start Omagh District Ltd Charity registration number NIC105732 Company registration number N1054971 Principal office and registered Macca Resource Centre office 21A Knockshee Park Omagh Tyrone The trustees Carol Moore (Chairperson) Eithne Connolly Aisling McLaren Dr Maureen Halliday Ann Margaret Gormley Susan McDermott Stephen Sweeney Laura Doherty (Resigned 25 April 20231 (Appointed 5 September 2023) (Appointed 5 September 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. Objectives and activities We have referred to the guidance contained in the Charities 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) {continuedJ Year ended 31 March 2024 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 of the sustainable use of resource. Reserves Policy The directors of Home-start Omagh District Ltd have set up a reserves policy which requires that reserves be maintained at a level which ensures that the organisations core activities 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 for future periods Home-start Omagh District Ltd plan to continue with its current undertakings for the forseable future. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 27 May 2024 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 2024 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 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act'l and the Companies Act 2006 ('the 2006 Act'i. 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 required 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)Ib) 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 accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods 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 the 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. Mc Indepen ffrey ent 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 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 1,500 604 239 41,904 43,404 604 239 34,397 631 57 Total income 2,343 41,904 44,247 35,085 Expenditure Expenditure on charitable activities Total expenditure 4,679 41,904 46,583 41,596 4,679 41,904 46,583 41,596 Net expenditure and net movement in funds {2,3361 12,3361 {6,511) Reconciliation of funds Total funds brought forward Total funds carried forward 21,517 21,517 28,028 19,181 19,181 21,517 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 13 form part of these financial statements.
Home-start Omagh District Ltd Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 12 709 886 Current assets Debtors Cash at bank and in hand 2,206 25,674 21,737 21,737 27.880 Creditors: amounts falling due within one year Net current assets 14 3,265 7,249 18,472 20,631 Total assets less current liabilities 19,181 21,517 Funds of the charity Unrestricted funds 19,181 21,516 Total charity funds 16 19,181 21,516 For the year ending 31 March 2024 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 statements 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 27 May 2024, and are signed on behalf of the board by.. Carol Moore (Chairperson) Trustee The notes on pages 6 to 13 form part of these financial statements.
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information 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. Statement 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified 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 currency of the entity. Going concern There are no material uncertainties about the charities ability to continue. Judgements and key sources of estimation uncertainty Estimates and judgements are continually evaluating and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's 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 (continued) Year ended 31 March 2024 Accounting policies (continued) Incoming resources All incoming resources are included in the statement 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 evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at 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 services 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 charitable 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 governance 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 resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible 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 amounts 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 fcontinued) Year ended 31 March 2024 Accounting policies (conflnuedj Tangible assets fcontinued) An increase in the carrying 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 with in the statement of financial activities. A decrease in the carrying 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 within 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 % reducing balance 20 % reducing balance Impairment 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 exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 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 the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the 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. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable 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 not discounted. Debt instruments are subsequently measured at amortised cost.
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Financial instruments (contlnued) Where investments in shares are publicly traded or their fair value can othetwise 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 at 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 desig nated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial 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. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee This company is limited by guarantee, therefore no share capital exists.
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2024 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Grants WHSCT ASDA Foundation Halifax Community Fund F & O.D.C. Welbeing F & O.D.C. Strategic Planning Awards for All Belfast Cathedral Sitout Home-start Cost of Living Neighbourly Fund Enkalon Foundation 28,634 28,634 3,000 10,000 270 3,000 10,000 270 1,500 1,500 1,500 41,904 43,404 Unrestricted Funds Restricted Total Funds Funds 2023 Grants WHSCT ASDA Foundation Halifax Community Fund F & O.D.C. Welbeing F & O.D.C. Strategic Planning Awards for All Belfast Cathedral Sitout Home-start Cost of Living Neighbourly Fund Enkalon Foundation 27,567 846 300 27,567 846 300 500 1,706 728 500 1,706 728 1,000 250 1,000 500 1,000 250 1,000 500 2,250 32,147 34,397 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations.. General Fundraising 604 604 94 537 94 537 604 604 631 631 10
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 239 239 57 57 Net expenditure Net expenditure is stated after chargingl(crediting).' 2024 2023 Depreciation of tangible fixed assets 177 227 Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 765 750 10. Staff costs The average head count of employees during the year was 212023". 21. The average r)umber of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. Number of staff - Organiser Number of staff- Administration No employee received employee benefits of more than £60,000 during the year12023'. 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.,
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 12. Tangible fixed assets Fixtures and fsttings Equipment Total Cost At 1 April 2023 and 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 3,088 13,284 16,372 3,088 12,398 177 15,486 177 3,088 12,575 15,663 Carrying amount At 31 March 2024 709 709 At 31 March 2023 886 886 13. Debtors 2024 2023 F.O.D.C. Grant due 2,206 14. Creditors: amounts falling due within one year 2024 2023 Trade creditors Grants in advance 3,265 4,249 3,000 3,265 7,249 15. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,35512023. £1,060).
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 March 2024 16. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2023 Income Expenditure General funds 21,517 2,343 14,679} 19,181 At 31 March 202 At 1 April 2022 Income Expenditure General funds 28,028 2,938 (9,450) 21,516 Restricted funds At 31 March 202 At 1 April 2023 Income Expenditure Restricted Fund 41,904 {41,904) At 31 March 202 At 1 April 2022 Income Expenditure Restricted Fund 32,147 {32,147) 17. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 709 19,237 (765) 19,181 709 21,737 (3,265} 19,181 2,500 (2,500) 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 13
Home-start Omagh District Ltd Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do not form part of the financial statements. 14
Home-start Omagh District Ltd Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacies WHSCT ASDA Foundation Halifax Community Fund F & O.D.C. Welbeing F & O.D.C. Strategic Planning Awards for Al Belfast Cathedral Sitout Home-start Cost of Living Neighbourly Fund Enkalon Foundation 28,634 27,567 846 300 3,000 10,000 270 500 1,706 728 1,000 250 1,000 500 1,500 43,404 34,397 Charitable activities Donations.- General Fundraising 604 94 537 604 631 Investment income Bank interest receivable 239 57 Total income 44,247 35,085 15
Home-start Omagh District Ltd Company Limited by Guarantee Detailed Statement of Financial Activities (contlnued) Year ended 31 March 2024 2024 2023 Expenditure Expenditure on charitable activities 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 Postage & Telephone Advertising Stationery & Office expenses Committee expenses Sundries Strategic Review 32,629 1,355 4,128 990 336 1,059 177 25,110 1,060 4,002 952 265 732 227 62 1,973 1,448 550 637 986 500 1,453 250 85 858 1,072 1.330 1,521 123 35 2,274 46,583 41,596 Total expenditure 46,583 41,596 Net expenditure 12,3361 (6,511) 16
Home-start Omagh District Ltd Company Limited by Guarantee Notes to the Detsiled Statement of Financial Activities Year ended 31 March 2024 2024 2023 Expenditure on charitable activities Activity type 1 Activities undertaken directly Direct charitable activity 1 wageslsalaries Direct charitable activity 1 pension costs Direct charitable activity 1 rent Direct charitable activity 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 Activities Training costs Homestart UK Support fees Postage & Telephone Advertising Stationery & Office expenses Committee expenses Sundries Strategic Review 32,629 1,355 4,128 990 336 1,059 177 25,110 1,060 4,002 952 265 732 227 62 1,973 1,448 550 637 986 500 1,453 250 85 858 1,072 1,330 1,521 123 35 2,274 46,583 41,596 Expenditure on charitable activities 46,583 41,596 17