Home-start Usburnlcolln Charlty No. 105734 Company No. N1073798 Trustees. Report and Unaudlted Accounts 31 March 2024
Home-start Lisburn/Colln Contents Pages 2to4 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts IOto17 Detalled Statement of Financial Actlvlties 18to19 Page I
Home-start Llsburn/Colin Trustees Annual Report The trustees present their report with the unaudited financial statements of the charlty for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Charlty No. 105734 Company No. N1073798 Prlncipal Office 12 Bow Lane Lisburn BT28 IFL Reglstered Offlce 12 Bow Lane Lisburn Co Antrlm BT28 IFL Trustees The followlng Trustees served during the year: C. Armstrong E, Bradley S. Bridge M. Coey A. Hamlll B. Harper R. McGuigan R. Strahan S. Thompson Y, Wilkinson (Resigned 29 August 20231 {Resigned 6 November 20231 (Resigned 31 January 2024} Key Management Personnel Chair Treasurer Accountants S Bridge Ms M Coey Mccaffrey & Co 153 Donegall Pass Belfast BT7 IDQ Bankers Danske Bank Donegall Square West Belfast OBJECTIVES AND AcfiviTIES Page 2
Home-start Lisburn/Colln Trustees Annual Report The purpose of the charity 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; b) to prevent cruelty to or maltreatment of children; c) to relieve sickness, poverty and need amongst children and parents of children; d) to promote the education of the public in better standards of childcare; principally but not exclusively wlthin the area of Lisburn/Colin and its environs. The Home-start vision is to see a society in which every parent has the support they need to give their children 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 grow 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 young chlldren. The service5 provided by include weekly volunteer support In the home, Family Group support, courses and outlngs. In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charlty Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provlde a benefit to the beneficiaries We want to say thank you to the trustees for all thelr hard work through out the year. Also to the family support volunteers, who selflessly give up their free time to visit families in their homes each week, and help out at the Family Group. ACHIEVEMENTS AND PERFORMANCE In the year to March 2024 Home-start Lisburn/Colin supported 175 children {2023, 184 children). The Charity during the year had 23 volunteers {2023, 25) who visited families weekly in their homes or who helped on weekly basis at the Family Group. Families took up 113 {2023,105) packages of support made up of - Home vlsiting -31 (38), Family Group -36 (471, Incredible Years -15 (20}, Other Workshops -3110). In 2024 there were 95 referrals12023,1211. The breakdown of the source of referrals was Health Visitor 68 (86)- Family Support Hub O114}- Self referral 171121, Otherlo (91. FINANCIAL REVIEW We had an income of £93,577 {2023 £92,269) and spent £88,537 (2023 £81,241). Despite the uncertainty surrounding public budgets the South Eastern Health and Social Care Trust continues to be our anchor funder with over £37,000. Notable support has come from BBC Children in Need, The Henry Smith Charity, Llsburn & Castlereagh City Council and HSUK. It is the policy of the Charity to keep reserrfe levels under review. It is desirable to maintain reserve levels which would equate to approximately six months of unrestricted expenditure, thus safeguarding sep4ice delivery on an annual basis. At present reserves equate approximately to six months of unrestricted expenditure. srRucfuRE, GOVERNANCE AND MANAGEMENT The Charity is a private limited company, limited by guarantee with no share capital. The Charity is governed by its memorandum and articles of association. Page 3
Home-start Lisburn/Colin Trustees Annual Report Recruitment 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 hold5 office only until the next AGM. One third (or the number nearest one third) of the Trustees must retire at each AGM, those longest in office retiring first. Trustees retlrlng at the AGM or new Trustees can be reappointed by a vote at the AGM The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charitles Act {Northern Ireland) 2008 and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS102). The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detectlon of fraud and other irregularities. Slgned on behalf of the board M. Coey Trustee 12 June 2024 Page 4
Home-start Llsbumlcolin Independent Examiners Report Independent Examiner's Report to the trustees of Home-start Llsburn/Colin I report on the financial statements of Home-start Lisburn/Colin for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account. the Balance Sheet. the Statement of Cash Flows and the related notes. Respertive responsibilitle5 of trustees and examlner As the charity trustees (and also the directors of the cornpany for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Having satisfied myself that the charlty is not subject to audit under company law, and is eligible for independent examination, it Is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures lald down in the general Directions glven by the Charity Commission for Northern Ireland under section 6SI9)Ib) of the Charities Act state whether particular matters have come to my attention Basis of Independent examinerfs report I have examined your charity accounts as required under sectlon 65 of the Charities Act and my examlnatlon was carried out in accordance with the general Directions given by the Charlty Commlssion for Northern Ireland under section 65(9}(bl of the Charities Act. The examinatlon Included a review of the accountlng records kept by the charity and a comparison of the accounts presented with those records. It also included Conslderation of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustee5 concernlng any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 386 of the Companie5 Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters (l} to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that requlre drawing to your attention. Ciaran McNally Chartered Accountant Ireland Mccaffrey & Co 153 Done8all Pass Belfast BT7 IDQ 12 June 2024 Page 5
Home-start Llsburn/colln Statement of Financial Actlvltles for the year ended 31 March 2024 Unrestrlrted funds 2024 Restrlcted funds Total funds Total funds 2024 2024 2023 Notes IoMe and endowments from: Donations and legacies Charitable activities Investments 2,838 37,340 540 2,838 90,199 540 2,132 90,030 107 52,859 Total 40,718 52,859 93,577 92,269 Expenditure on: Charltable activities Other 2,266 29,975 3,418 52,878 5,684 82,853 3.502 77,740 Total 32,241 56,296 88,537 81,242 Net gains on investments Net Income 8,478 {3,438) 5,040 11,027 Transfer5 between funds Net Income before other galns/(losses) 8,478 13,438) 5,040 11,027 Other galns and losses Net movement In funds 8,478 {3,438) 5,040 11,027 Reconclllatlon of funds: Total funds brought forward 63,029 12.586 75,615 61,389 Total funds carrled forward 71,507 9,148 80,655 72,416 Page 6
Home-start Llsburnlcolin Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 93,037 92,162 Interest and investment income 540 107 Gr0$5 Income for the year Expenditure 93,577 92,269 88,537 81,241 Total expendlture for the year Net income before tax for the year 88,537 81,241 5,040 11,028 Net income for the year 5,040 11,028 Page 7
Home-start Llsburn/Colin Balance Sheet at 31 March 2024 Company No. N1073798 Charlty No. 105734 Note5 2024 2023 Current assets Debtors Cash at bank and in hand 11 204 81,212 81,416 (761) 80,655 195 76,302 76,497 (882) 75,615 Creditors: Amount falling due within one year Net current assets 12 Total assets less current liabllltles 80,655 75,615 75.615 Net assets excludlng penslon asset or Ilabillty Total net assets 80,655 80,655 75,615 The funds of the charlty Restrlrted funds Restricted income funds 13 9,148 9,148 12,586 12,586 Unrestricted funds General funds 13 71,507 63,029 71,507 63,029 Reserves 13 Totsl funds 80,655 75,615 These accounts have been prepared in accordance with the special provlslons of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under sertion 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance wlth section 476 of the Companies Act 2006. The directors acknowledge thelr responsibilities for complying wlth the requirements of the Companies Act 2006 wlth respect to accounting records and the preparation of accounts. Approved by the board on 12 June 2024 And signed on its behalf by: M. Coey Trustee 12 June 2024 Page 8
Home-start Lisburn/cdin Statement of Cash flows forthe year ended 31 March 2024 2024 2023 Cash flows from operating activltles Net income per statement of FSnancial Actlvltles 5,040 11,028 Adjustments for: Dividends, interest and rents from Investments Other gains/losses Increase in trade and other recelvables (Decrease)/lncrease In trade and other payables 1540) (1071 (91 (121) 112) 94 Net Cash provlded by operatlng actlvities 4,370 11,003 Cash Ilows from Investlng actlvitles Dlvldends, interest and rents from Investments 540 107 Net cash from Investlng actlvltles 540 107 Net cash from financlng artivltles Net increase In cash and cash equlvalents 4,910 ii,iio Cash and cash equlvalents at the beglnnlng of the year 76,302 65,192 Cash and cash equivalents at the end of the year 81,212 76,302 Components of cash and cash equlvalents Cash and bank balances 81,212 76,302 81,212 76,302 Page 9
Home-start Llsburn/Colin Notes to the Accounts for the year ended 31 March 2024 l Accountlng pollcles Basis of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts In accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and the the Financlal Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2008. Change in bas15 of accountlng or to previous accounts There has been no change to the accounting policies {valuatlon rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are available for use at the discretlon of the trustee5 in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of Investment assets at their market value5. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluatlon funds Restrlcted funds Income Recognitlon of Income Income Is Included In the Statement of Financial Activltles (SOFA) when the charity becomes entitled to, and virtually certain to recelve, the Income and the amount of the income can be measured with sufflclent reliability. Income with related Where income has related expenditure the income and related expendlture is expendlture reported gross in the SOFA. Donations and Voluntary income received by way of grants, donatlons and gifts Is included In the legacies the SOFA when receivable and only when the Charlty has unconditional entitlement to the Income. Tax reclalms on Income from tax reclaims Is included in the SOFA at the same time as the donations and glfts giftldonation 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 Thls is included in the accounts when receivable, Gain51(lossesl on Thi5 includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(105ses) on investment assets This includes any gain or loss on the sale of investments. Page 10
Home-start Lisburn/Colin Notes to the Accounts Expenditure Recognition of expenditure Expenditure is retognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundralslng raising funds trading costs and investment management Costs. Expenditure on These comprise the costs Incurred by the Charity in the delivery of its activities and charitsble activities 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 basis plus an accrual for grants that have been approved by the trustee5 at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expendlture These are support costs not allocated to a partlcular activity. Grants payable Governance costs Taxation The charity is exempt from corporation tax on its charitable activities. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepald net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprlse cash at bank and on hand, demand deposlts wlth banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial positlon, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other credltors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obllgatlon can be measured or estimated reliably. Creditors and provlslons are normally recognised at their settlement amount after allowing for nay trade discount5 due. Page 11
Home-start Llsburn/Colin Notes to the Accounts Leased assets Where the charity 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 classified as operating leases. Assets held under finance leases are Initially recognised as assets of the charity at their fair value at the inception of the lease or, rf lower, at the present value of the minimum lease payments. The corresponding liabilityto the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between flnance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowlng costs. Assets held underfinance leases are depreciated in the same way as owned assets. Operating lease payments are recognised 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 recognised as a Ilablllty. The aggregate benefit of incentlves Is recognised as a reductlon of rental expense on a straight-line basls. Penslon c05t5 The charity operates a defined contribution plan for its employees. A defined contributlon plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been pald the company has no further payments obligations. The contributions are recognised as expenses when they fall due, Amounts not paid are shown In accruals In the balance sheet. The assets of the plan are held separately from the company Sn Independently administered funds. Recelpt of donated goods, facllltles and servlces All donated goods, facilities and services received are recognised withln incoming resources and expendSture at an estimate of the value to the charity. 2 Charitable status The Charlty is a Northern Ireland registered charlty, governed by its governlng document. Page 12
Home-start Lisbum/Colin Notes to the Accounts 3 statement of Financial Activities - prlor year Unrestricted funds Restricted funds Total funds 2023 2023 2023 Income and endowments from: Donatlons and legacies Charitable activities Investments 2,132 41,819 107 2,132 90,030 107 48,211 Total 44,058 48,211 92,269 Expendlture on: Charitable activities 526 2,976 45,572 3,502 77,739 Other 32,167 Total 32,692 48,549 81,241 Net Income 11,365 (3371 11,028 Net Income before other galns/(losses) Other galns and losses: Net movement In funds 11,365 {337} 11,028 11,365 {337) 11,028 Reconc115atlon of funds: Total funds brought forward Total funds carrled forward 51,663 12,925 64,588 63,028 12,588 75,616 4 Income from donat5ons and le8acles Unrestricted Total Total 2024 2023 Donations 1,776 1,062 2,838 1,776 1,062 2,838 566 Fund raising 1,566 2,132 5 Income from charitsble actlvltles Unrestrlcted Restricted Total Total 2024 2023 Support Services 37,340 37,340 52,859 52,859 90,199 90,199 90.030 90,030 Page 13
Home-start Llsburn/Colin Notes to the Accounts 6 Income frorn Investments Unrestricted Total Totsl 2024 2023 Bank interest 540 540 107 540 540 107 7 Expendlture on charltable activities Unre5trlcted Restrirted Total Total 2024 2023 Expenditure on charitoble activities Support Services Govemonce costs 2,033 3,418 5,451 3.275 Committee expenses 233 233 227 2,266 3,418 5,684 3,502 8 Other expendlture Unrestrlcted Restrlrted Total Total 2023 2024 Employee costs Motor and travel costs 19,255 533 46,310 128 65,565 661 60,028 808 Premises cost5 3,711 3,469 3,006 29,975 4,844 1,597 8,555 5,066 3,006 82,853 8,554 5,991 2,359 77,740 General administrative costs Legal and professional costs 52,878 9 Net income before transfers 2024 2023 This is stated after charglng: ex greatia payment details Page 14
Home-start Lisburn/Colin Notes to the Accounts 10 staff costs 2024 2023 Salaries and wages Pension costs 60,404 2,099 62,503 56,754 3,180 59,934 No employee received emoluments in excess of £60,000. The average monthly number of full time equivalent employees during the year was as follows: 2024 Number 2023 Number 11 Debtors 2024 2023 Prepayments and accrued income 204 195 204 195 12 Credltors: amounts falling due wlthin one year 2024 2023 Other creditors Accruals 220 662 882 761 761 Page IS
Home-start Lisburn/Colin Notes to the Accounts 13 Movement In funds In¢omin8 resources At31 March 2024 (includlng At l Aprll other 2023 galns/losses) Resources expended Gross transfers Restricted funds: Restricted income funds: Children In Need The Henry Smlth Charity Llsburn & Castlereagh City Council HSUK Warm Spaces Frlendly Faces LCCC Hardship Grant HSUK Empowering Women Groundworks- Tesco Other Funders £1,500 or under 3,358 8,165 10,000 31,200 {11,417) (33,086) 1,941 6,279 4,730 (4,730) 102 (102) {2,961) (2,500) {I,000) 961 2,000 2,500 1,000 1,429 {500) 929 Total 12,586 52,859 {56,296} 9,148 Unrestrlcted funds: General funds 63,029 40,718 132,241) 71,507 Total funds 75,615 93,577 188,537) 80,655 Purposes and restrictions In relation to the funds: Restrlcted funds: Children In Need The Henry Smith Charity Lisbum & Castlereagh City Council HSUK Warm Space5 Friendly Support Services Faces Support Services Support Services Support Services LCCC Hardship Grant HSUK Empowering Women Groundworks- Tesco Other Funders £1,500 or under Support Ser41ces Support Service5 Support Services Support Services Page 16
Home-start Llsburn/Colin Notes to the Accounts 14 Analysls of net assets between funds Unrestricted fund5 Restricted funds Total Net current asset5 23,408 23,408 57,247 57,247 80,655 80,655 15 Reconciliation of net debt At31 March 2024 At l Aprll 2023 Cash flows Cash and cash equivalents 76,302 76,302 4,910 4,910 81,212 81,212 Net Debt 76,302 4,910 81,212 16 Commltments Operntlng leuse commltments Annual commitments under non-cancellable operating leases are as follows: 2024 2024 2023 Land and buildln8S 2023 Land and bulldlngs Other Other Operating leases wlth expiry date: Penslon commltments 2024 2023 The penslon cost charge to the company amounted to,. 2,099 3,180 Page 17
Home-start Llsburn/Colin Detailed Statement of Flnanclal Artivities for the year ended 31 March 2024 Unrestricte d funds 2024 Restrfcted funds Totsl funds 2024 2024 Total funds 2023 Income and endowments from: Donations and legacies Donations 1,776 1,062 2,838 1,776 1,062 2,838 566 Fund raising 1,566 2,132 Charitable activities Support Services 37,340 37,340 52,859 52,859 90,199 90,199 90,030 90,030 Investments Bank interest 540 540 540 107 540 107 Total Income and endowments 40,718 52,859 93,577 92.269 Expendlture on: Charitable activitles Support Servlces 2,033 2.033 3,418 3,418 5,451 5,451 3.275 3,275 Governance costs Committee expenses 233 233 227 227 233 233 Total of expendlture on charltable artlvltles 2,266 3,418 5,684 3,502 Employee costs Salaries/wages Pension costs Staff tralning 18,363 718 42,041 1,381 2,888 46,310 60,404 2,099 3,062 65,565 56,754 3,180 94 174 19,255 60,028 Motor and travel costs Travel and subsistence 533 533 128 128 661 808 661 808 Premises costs Rent Light, heat and power Premises cleaning 3,150 551 4,350 494 7,500 1,045 10 8,555 7,500 1,054 io 3.711 4,844 8,554 General administratlve costs, including depreclation and amortisation Bank charges 66 66 66 Page 18
Home-start Lisburnlcolln Detailed Statement of Flnancial Activltles Equipment leasing and hire charges Equipment repairs and maintenance 503 503 372 605 605 1,216 General insurances Postage and couriers Software, IT support and related costs Stationery and printing Sundry expenses Telephone, fax and broadband 395 611 1,006 181 964 181 910 134 1,565 ioi 171 272 163 232 232 620 1,019 5,991 475 682 1,597 1,157 5,066 3,469 Legal and professional costs Audit/Sndependent examination fees fees Other legal and professional costs 480 480 480 2.526 2.526 1,879 3,006 3,006 2,359 Total of expendlture of other costs Total expenditure Net gains on investments 29,975 52,878 82,853 77,740 32,241 56,296 88,537 81,242 8,478 (3,438} 5,040 11,027 Net Income Net 5ncome before other galnsl(losses) Other Gains 8,478 {3,4381 5,040 11,027 Net movement In funds 8,478 (3,438) 5,040 11,027 Reconclllation of funds: Total funds brought forward 63,029 12,586 75,615 61,389 Total funds carrled forward 71,507 9,148 80,655 72,416 Page 19