Home-start Li$burnlColln Charlty No. 105734 Company No. N1073798 Trustees. Report and Unaudlted Accounts 31 March 2023
Home-start Lisburnlcolln Contents Pages 2to4 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expendlture Account Balance Sheet Statement of Cash flow5 Notes to the Accounts IOto17 Detalled Statement of Financial ActSvltles 18to19 Page I
Home-start Lisburnlcolin Trustees Annual Report The trustees present their report with the unaudited financial statement5 of the charity for the year ended 31 March 2023. REFERENCE AND ADMINISTRATIVE DETAILS a)arlty No. 105734 Prlncipal Office 12 Bow Lane Llsburn BT28 IFL Reg15tered Office 12 Bow Lane Lisburn Co Antrim BT28 IFL Trustees The following Trustees served during the year: C. Armstrong S. Bridge G. Burnett M. Coey A. Hamill (Resigned 24 August 20221 B. Harper R. McGulgan K. Richardson Y. Wilkinson (Resigned 20 March 2023) Key Management Personnel Chair Treasurer Treasurer Accountants S Bridge Ms C Armstrong- to 21 June 2022 Ms M Coey- from 21 June 2022 Mccaffrey & Co 15a Donegall Pass Belfast BT7 IDQ Bankers Danske Bank Donegall Square West Belfast Page 2
Home-start Li5burnlColin Trustees Annual Report OBJECTIVES AND ACTIVITIES The purpose of the charlty as set out in its governing document. The Charity purposes are alto safeguard, protect and preserve the good health, both mental and physical of children and parents of children. bl to prevent cruelty to or maltreatment of children; c) to relieve sickness. poverty and need amongst children and parent5 of chlldren; dl to promote the education of the public in better standards of childcare,. principally but not exclusively within the area of Lisburn/Colin and its environ5. The Home-start vision is to see a society in which every parent has the support they need to give their chlldren the best possible start in life. Home-start believes that children need a happy and secure childhood and that parents play the key role in giving their children a good start in life and helping them achieve thelr potential. Home-start supports parents as they 8row in confidence, strengthens their relationships with their children and widen links with the local community. Home-start Lisburn/Colin offers support, friendship and practical help to families with voung children. The servlces provided by include weekly volunteer support in the home, Family Group support, courses and outings. In setting our objectives and planning our actlvltles for the year the trustees have glven careful consideration to the Charlty Commisslon for Northern Ireland'5 guidance on publlc benefit to ensure that the activities have helped to achieve the charlty's purposes and provide a benefit to the beneflclarles We want to say thank you to the trustees for all their hard work through out the year. Also to the family support volunteers, who selflessly give up their free time to vlslt families in their homes each week, and help out at the Family Group. ACHIEVEMENTS AND PERFORMANCE In the year to March 2023 Home-start Lisburnlcolin supported 184 children12022, 159 children). The Charlty durlng the year had 25 volunteers (2022, 23) who vlslted families weekly in their homes or who helped on a weekly basls at the Famlly Group. Families took up 105 packages of support made up of - Home vlsltln8 -38, Family Group-47, Incredible Years -20, Other Workshops- O. In 2023 there were 121 referrals12022, 841. The breakdown of the source of referrals was Health Visitor 86 (2022, 67) - Famlly Support Hub 1415)- Social Worker O {O)- Self referral 12 {61, Other 916). FINANCIAL REVIEW We had an Income of £92,269 {2022 £85,330) and spent £81,24112022 £77,904. Despite the uncertainty surrounding public budgets the South Eastern Health and Social Care Trust contlnues to be our anchor funder wSth over £41,000. Notable support has come from BBC Children in Need, The Henry 5mlth Charity, Lisburn & Castlereagh Clty Councll and John Moores Foundation. It is the policy of the Charity to keep reserve levels under review. It is desirable to maintain reserve levels which would equate to approximately six months of unrestricted expenditure, thus safeguarding service delivery on an annual basis. At present reserves equate approximately to slx months of unrestrlcted expenditure. STRucfuRE, GOVERNANCE AND MANAGEMEMr The Charity is a private limited company, limited by guarantee with no share capital. The Charity is governed by its memorandum and artlcles of a550ciation. Page 3
Home-start Lisburn/Colin Trustees Annual Report Recrultment and appointment of new trustees. The trustees during the year may co-opt any person duly qualified to be appointed as a Trustee to fill a vacancy in their number or as an additional Trustee, but a co-opted Trustee holds office only until the next AGM. One third (or the number nearest one thirdl of the Trustees must retire at each AGM, those longest in office retiring first. Trustees retiring at the AGM or new Trustees can be reappointed by a vote at the AGM The trustees are responsible for keeplng proper accounting records that disclose with reasonable accuracy at any time the flnancial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2Crf)8 and the Accounting and Reporting by Charities: Statement of Recommended Practlte applicable to charitles preparing their accounts in accordance with the Flnanclal Reportlng Standard applicable in the UK and Republlc of Ireland {FRS102). The trustees are also responslble for safeguardlng the assets of the charlty and hence taking reasonable steps for the preventlon and detection of fraud and other irregularltles. Signed on behalf of the board M. Coey Trustee 31 March 2023 Page 4
Home-start Llsbum/Colin Independent Examlners Report Independent Examlner's Report to the trustees of Home-start Llsburnlcolln I report on the financial statements of Home-start Lisburn/Colln for the year ended 31 March 2023 which comprise the Ststement of Financlal Actlvities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes. Respective responslbllltles of trustees and examlner As the charity trustees land also the directors of the company forthe purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2tK16. Having satisfied myself that the charity Is not subject to audlt under company law, and is eligible for Independent examinatlon, it 15 my responsibility to: examine the accounts under sectlon 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commlssion for Northern Ireland under 5ectlon 6519)(b) of the Charities Act state whether particular matters have come to my attention. Basls of Independent examlner's report I have examined your charity accounts as requlred under section 65 of the Charlties Act and my examinatlon was carrled out In accordance with the general dlrectlons given by the Charity Commlsslon for Northern Ireland under sectlon 65{91(b) of the Charltles Art, The examlnatlon Included a revlew of the accountln8 records kept by the charlty and a comparlson of the accounts presented wlth those records. It also Included consideratlon of any unusual items or d15closures In the accounts, and seeking explanations from you as charity trustee5 concernlng any such matters. My role is to state whether any materlal matters have come to my attention glvlng me cause to believe: l. That accounting records were not kept in accordance wlth section 386 of the Companles Act 2006 2. That the account5 do not accord with those accounting records 3. That the accounts do comply with the accounting requirements of section 396 of the Companies Art 2006 and with the methods and prlnciples of the Charlties Statement of Recommended Practlce appllcable to charities preparing thelr accounts in accordance with the Flnanclal Reporting Standard appllcable In the UK and Republic of Ireland 4. That there is further Information needed for a proper understandlng of the accounts to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters11) to {41 Ilsted above and, in connection with followin8 the Dlrectlons of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Ciaran McNally Chartered Accountant Ireland Mccaffrey & Co 15a Donegall Pass Belfast BT7 IDQ 14 June 2023 Page 5
Home-start Lisbum/Colin Statement of Financial Artlvlties forthe year ended 31 March 2023 Unrestrlcted funds 2023 Restrlrted funds Totsl funds Total funds 2023 2023 2022 Notes Income and endowments from.. Donations and legacies Charitable activitie5 Investments 2,132 41,819 107 2,132 90,030 107 1.383 83,930 18 48,211 Total 44,058 48,211 92,269 85,331 Expenditure on: Raising funds Charitable activlties Other 19 5,128 72,758 526 32,167 2,976 45,572 3,502 77,739 Total 32,692 48,549 81,241 77,905 Net gains on investments Net Income 11,365 1337) 11,028 7,426 Transfers between funds Net Income belore other Balns/(1055es} 11,365 (3371 11,028 7,426 Other £alns and losses Net movement In funds 11,365 1337) 11,028 7,426 Reconclllatlon of funds: Total funds brought forward 51,663 12,925 64,588 51,642 Total funds carrled forward 63,028 12,588 75,616 59,068 Page 6
Home-start Lisburn/Colin Summary Income and Expendlture Account forthe year ended 31 March 2023 2023 2022 Income 92,162 85,312 Interest and Investment income 107 18 Gro$s Income for the year Expenditure 92,269 85,330 81,241 77,905 Total expendlture for the year Net income before tax for the year 81,241 77,905 11,028 7,425 Net Income for the year 11,028 7,425 Page 7
Home.Start L15burnlColln Balance Sheet at 31 March 2023 Company No. N1073798 Charity No. 105734 Notes 2023 2022 Current assets Debtors Cash at bank and in hand 11 195 76,302 76,497 18811 75,616 183 65,192 65,375 (787) 64,588 Credltors: Amount falling due within one year Net current assets 12 Total assets less current Ilabllltles 75,616 64,588 Net assets excludlng penslon asset or Ilablllty Total net a55ets 75,616 64,588 75,616 64,588 The funds of the charlty Restrlcted funds Restricted Income funds 13 12,588 12,588 12,925 12,925 Unrestrlrted funds General funds 13 63,028 51,663 63,028 51,663 Reserv 13 Total funds 75,616 64,588 These accounts have been prepared in accordance w5th the special provislons of Part IS of the Companles Act 2006 relatlng to small companies. For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtaln an audit in accordance wlth section 476 of the Companies Act 2006. The dlrectors acknowledge thelr responslbilities for complying with the requirements of the Companles Act 2(K16 with respect to accounting record5 and the preparation of accounts. Approved by the board on 31 March 2023 And slgned on its behalf by.. M. Coey Trustee 31 March 2023 Page 8
Home-start Usburn/Colin Statement of Cash flows for the year ended 31 March 2023 2023 2022 Cash flows from operatln8 actlvlties Net Income per Statement of Financlal Actlvltles 11,028 7,425 Adjustments lor: Dividends, interest and rents from investments Other gainsllosses Increase In trade and other receivables Increase/lDecreasel In trade and other payables 11071 (18) {121 94 122) (362} Net cash provlded by operatlng actlvltles 11,003 7,023 Cash flows from Investlng activltles Dividends, interest and rents from investments 107 18 Net cash from Investln8 artlvltle5 107 18 Net cash from flnanclng actlvltles Net Increase In cash and cash equlvalents ii,iio 7,D41 Cash and ¢ash equlvalent5 at the beglnnln8 of the year 65,192 58,151 Cash and cash equlvalents at the end of the year 76,302 65,192 Components of cash and cash equlvalents Cash and bank balances 76,302 65,192 76,302 65,192 Page 9
Home-start Lisburnlcolln Notes to the Accounts for the year ended 31 March 2023 l Accounting pollcles Basis of preparatlon The financial statement5 have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prartice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland (FRS 102) issued on 16 July 2014 and the the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, the Charitles and Trustee Investment {Scotlandl Act 2005 and the Charities Accourits (Scotland) Regulations 2006 las amended}. Change In bas1$ of accountlnz or to prevlous accounts There has been no change to the accounting policies Ivaluatlon rules and method of accounting) sln last year and no changes have been made to accounts for previous years. Fund accountln8 Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrlcted funds earmarked by the trustees for particular purposes. These are unrestrlcted funds which include a revaluatlon reserve represent5ng the restatement of Investment assets at their market values. These are available for use subject to restrittions imposed by the donor or through terms of an appeal. Deslgnated funds Revaluation funds Restrlcted funds Income Recognltlon of Income Income is included in the Statement of Financial Attivities ISOFAI when the charity becomes entitled to, and virtually certain to recelve, the income and the amount of the income can be measured with sufficlent reliabllSty. Income wlth related Where income has related expendlture the income and related expenditure Is expenditure reported gross in the SOFA. Donations and Voluntary 5ncome received by way of grants, donations and gifts is Included in the legacles the SOFA when receivable and only when the Charity has unconditional entltlement to the Income, Tax reclaims on Income from tax reclalms is Included in the SOFA at the same tlme as the donatlons and glfts gift/donation to which it relates. Donated services These are only included in income {with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included In the accounts. Investment Income This is included in the accounts when recelvable. Gains/{losses) on This Includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(lossesl on investment assets Thi5 includes any gain or loss on the sale of investments. Page 10
Home-start Lisburn/Colln Notes to the Accounts Expenditure Recognition of expenditure Expendlture is recognised on an accruals basis. Expenditure includes any VAT whlch cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attractin8 voluntary income, fundralslng raising funds trading costs and investment management costs. Expendlture on These compTi5e the costs Incurred by the Charity in the dellvery of its activities and charitable activlties services in the furtherance of its objects, Including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basls plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constltutlonal and statutory requirements of the Charity, includlng any audit/independent examinatlon fees, costs Ilnked to the strate8ic management of the Charlty, together with a share of other administratlon costs. These are support costs not allocated to a particular activity, Grants payable Governance costs Other expendlture Taxatlon The charity is exempt from corporation tax on Its charitable activitie5. Trade and other debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due, Cash and cash equlvalent5 Cash and cash equlvalents comprise cash at bank and on hand, demand dep05its with banks and other short-term hlghly Ilquld Investments wlth origlnal maturities of three months or less and bank overdrafts. In the statement of financial posltlon, bank overdrafts are shown wlthin borrowlngs or current liabilities. In the Statement of Cash Flow5, cash and cash equlvalents are shown net of bank overdrafts that are repayable on demand and form an inte8ral part of the company's cash management. Trade and other credltor5 Short term credltors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resultin8 from a past event that wlll probably result in the transfer of funds to a third party and the amount due to settle the obligatlon can be measured or estlmated rellably. Credltors and provisions are normally recognlsed at thelr settlement amount after allowing for any trade discounts due. Page 11
Home-start Lisbumlcolin Notes to the Accounts Leased assets Where the charlty enters Into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are cla55ified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the Inceptlon of the lease or, if lower, at the present value of the minlmum lease payments. The corresponding liability to the lessor is included In the balance sheet date as a finance lease obligation. Lease payments are apportloned between finance expenses and reduction of the lease obllgation so as to achieve a constant rate of interest on the remaining balance of the Ilablllty. Finance expenses are recognised immediately• unless they are directly attributable to qualifyin8 assets, in which case they are capitalised in accordance wlth the charity's policy on borrowlng costs. Assets held under flnance leases are depreclated in the same way as owned assets. Operating lease payments are reco8nised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such Incentives are recogn15ed as a15ability. The aggregate benefit of Incentlves is recognised a5 a reductlon of rental expense on a straight-line basls. Penslon costs The charity operates a deflned contributlon plan for its employees. A defined contribution plan Is a penslon plan under which the company pays fixed contributions into a separate entity. Once the contrlbutlons have been paid the company has no further payments obligatlons. The contributlons are reco8nlsed as expenses when they fall due. Amounts not pald are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. 2 Charltable status The Charity Is a Northern Ireland registered charlty. Page 12
Home-start Lisburnlcolin Notes to the Accounts 3 Statement of Financial Actlvities - prior year Unrestrithed funds Restricted funds Total funds 2022 2022 2022 Income and endowments from: Donatlons and legacies Charitable activities Investments (47,163) 83,930 18 48,545 1,382 83,930 18 Total 36,785 48,545 85,330 Expendlture on: Raising funds Charitable actlvltles 19 650 19 4,478 5,128 72,758 Other 29,754 43,004 Total 30,423 47,482 77,905 Net Income 6,362 1,063 7,425 Net Income before other 8alnsl{losses) Other gains and losse$'. Net movement In funds 6,362 1,063 7,425 6,362 1,063 7,425 Reconclllatlon of funds: Total funds brought forward Total funds carrled forward 45,300 11,862 57,162 51,662 12,925 64,587 4 Income from donatlons and legacles Unrestrlcted Totsl Totsl 2022 2023 Donations 566 566 551 Fund ralsing 1,566 2,132 1,566 2,132 832 1,383 5 Income from charltable actlvltles Unrestrlcted Restrlcted Total Total 2023 2022 Support Services 41,819 41,819 48,211 48,211 90,030 90,030 83.930 83,930 Page 13
Home.Start Lisbum/Colln Notes to the Accounts 6 Income from Investments Unrestrlcted Total Total 2023 2022 Bank interest 107 107 18 107 107 18 7 Expendlture on raising funds Total Total 2023 2022 Fundraising troding cost5 Fund ralsin8 19 19 8 Expendlture on charltable actlvltles Unrestrlcted Restrlcted Totsl Total 2023 2022 Expenditure on charitGble octlvities Support Services Governonce costs 299 2,976 3,275 4,912 Committee expenses 227 227 216 526 2,976 3,502 5,128 9 Other expendlture Unrestrlcted Restrlrted Total Total 2023 2022 Employee costs Motor and travel costs 21,746 808 38,282 60,028 808 56,119 580 Premises costs 2,854 4.400 2,359 32,167 5,700 1,590 ,554 5,990 2,359 77,739 8,492 5,167 2,400 72,758 General administrative costs Le8al and professional costs 45,572 Page 14
Home-start Lisburn/Colln Notes to the Accounts 10 Staff costs 2023 2022 Salaries and wages Pension costs 56,754 3,180 59,934 54,316 1,486 55,802 No employee received emoluments In excess of £60,000. The average monthly number of full tlme equivalent employees during the year was as follows: 2023 2022 Number Number 11 Debtors 2023 2022 Prepayments and accrued income 195 183 195 183 12 Credltors: amounts falllng due wlthln one year 2023 2022 Other creditors Accruals 220 661 787 881 787 Page 15
Home-start Llsburn/Colin Notes to the Attounts 13 Movement in funds Incomln8 resources (Includlng At l April other 2022 gainsllosses) Resources expended Gross transfers At31 March 2023 Restrlcted funds.. Restrlcted Income funds: Children In Need The Henry Smith Charlty Lisburn & Castlereagh City Councll H-S UK Warm Spaces Friendly Faces LCCC Hardship Grant John Moores Foundatlon LCCC Queen's Jubllee Other Funders £1,500 or under 3,091 6,635 10,500 30,600 (10,232) 129,5261 3,359 7,709 4,400 {3,944) 456 1,000 961 11,0001 961 1,738 {1,738) 1500) 500 1,461 250 {1,6081 103 rotol 12,925 48,211 (48,5491 12,588 Unrestrlcted funds: General funds 51,663 44,058 {32,692) 63,028 Totsl funds 64,588 92,269 181,2411 75,616 Purposes and restrlctlons in relation to the funds: Restricted funds.. Children In Need The Henry Smlth Charity Lisburn & Castlereagh Clty Council H-S UK Warm Spaces Friendly Support Services Faces LCCC Hardship Grant John Moores Foundatlon LCCC Queen's Jubilee Other Funders £1.500 or under Support Services Support Services Support Services Support Services Support Services Support 5ervlces Support Servlces Page 16
Home-start Lisburn/Colin Notes to the Accounts 14 Analysls of net assets between funds Unrestricted funds Restrlcted funds Total Net current assets 41,408 41,408 34,208 34,208 75,616 75,616 15 Reconclllatlon of net debt At31 At l Aprll 2022 March 2023 Cash flow5 Cash and cash equivalents 65,192 65,192 ii,iio ii,iio 76,302 76,302 Net Debt 65,192 ii,iio 76,302 16 Commltments Operatlng lease commitments Annual commitments under non-cancellable operating leases are as follows: 2023 Land and bulldln 2023 2022 Land and bulldln85 2022 Other Oth•r Operatlng leases with expiry date: Penslon commltments 2023 2022 The penslon cost charge to the company amounted to: 3,180 1,486 Page 17
Home-start Lisburn/Colln Detalled Statement of Flnancial Actlvltles for the year ended 31 March 2023 Unrestricte d funds 2023 Restrkted fund5 2023 Total funds 2023 Total funds 2022 Income and endowments from: Donations and legacies Donations Fund raising 566 566 551 832 1,383 .1,566 2,132 1,566 2,132 Charitable activities Support Services 41,819 41,819 48,211 48,211 90,030 90,030 83,930 83,930 Investments Bank interest 107 107 107 18 107 18 Total Income and endowments 44,058 48,211 92,269 85,331 Expendlture on.. Costs of other tradlng actSvltles Fund raising 19 19 Total of expendlture on ralsin8 funds 19 Charltable activities Support Services 299 2,976 2,976 3,275 3,275 4,912 4,912 299 Governance costs Commlttee expenses 227 227 227 216 216 227 Total of expendlture on charltable actlvltles 526 2,976 3,502 5,128 Employee costs Salaries/wa8es Pension costs Staff training 19,802 1,850 94 36,952 1,330 56,754 3,180 94 60,028 54,316 1,486 317 56,119 21,746 38,282 Motor and travel costs Travel and subslstence 808 808 808 S80 580 808 Premises costs Rent Light, heat and power Premises cleaning 2,465 389 5,035 665 7,500 1,054 7,500 983 2,854 5,700 8,554 8,492 Page 18
Home-start Lisburn/Colin Detalled Statement of Financial Activities General administrative costs, including depreciation and amortisation Bank charges Equipment leasing and hire charges Equlpment repairs and maintenance General insurances Postage and couriers Software, IT support and related costs 66 66 57 372 372 384 1,216 1,216 1,070 392 572 964 787 234 1,407 158 1,565 257 Statlonery and printing Sundry expenses Telephone, fax and broadband 90 619 231 4,400 73 163 401 619 1,019 5,990 1,128 849 5,167 788 1,590 Legal and professlonal costs Audit/lndependent examlnation fees fees Other legal and professlonal costs 480 480 480 1.879 1,879 1,920 2,359 2,359 2,400 Total of expenditure of other costs Total expendlture Net gains on Investment5 32,167 45,572 77,739 72,758 32,692 48,549 81,241 77,905 Net Income 11,365 13371 11,028 7,426 Net Income before other galns1{losse$) Other Gains 11,365 (3371 11,028 7,426 Net movement In funds 11,365 13371 11,028 7,426 Reconclllatlon of funds: Total funds brought forward 51,663 12,925 64,588 51,642 Total funds Carrled fonNard 63,028 12,588 75,616 59,068 Page 19