Company Number: N1055096 Charity Number.. NIC105847 Home-start Craigavon IA company limited by guarantee. not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023 Daly Park & Company Ltd Chartered Accountants and Registered Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Home-start Craigavon IA company limited by guarantee, not having a share capital) CONTENTS Page Reference and Administrative Information Trustees, AnnLtal Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Acb'vities Balance Sheet Notes to the Financial Statements 10- 13 Supplementary Information relating to the Financial Statements 15
Home-start Craigavon IA company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Geraldine Haughian Margaret Young Kathleen Law50n (Resigned 30 March 2023) Dorothy Trainor Lisa Mcclean Marie-Therese McDowell Carol Halforty Chairperson Joseph Garvey Company Secretary Carol Ann Halfoty Charity Number in Northern Ireland NIC105847 Company Number N1055096 Registered Office and Principal Address Mt Zion House Edward Slreet Lurgan Craigavon Co Amagh BT66 6DB Northem Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Amiagh BT66 6AS Northern Ireland Bankers Bank of Ireland 13 Market Street Lurgan Co. Amagh Northem Ireland Solicitors Cleaver Fulton Rankin 50 Bedford Street Belfast Co. Antrim BT2 7FW Northem Ireland
Home-stsrt Craigavon IA company limited by guarantee. not having a share ¢apitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The Irustees present their Truslees, Annual Report, combining the Directors. Report and Trustees, Report. and the unaudited finan(ial statements for the finanaal year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 20(%, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Irelan(r' and Accounting and Reporting by Charities.. Statement of Recommended practi applicable lo charities preparing their finanaal statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The Trustees, Report contains the information required lo be provided in the Tiuslees, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The Iruslees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of Iruslees. In this report the trustees of Home-start Craigavon present a summary of ils purpose, govemance. activities, achievements and finances for Ihe financial financial year 31 March 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged lo comply with the Staternenl of Recommended Practice (Charities SORP effective January 2015}, the organisation has implemented its recommendations where relevant in these financtal stalemenls. Review of Activities. Achievements and Perfonnance Vvhal Home-slart brings to your community Outreach to families. horne visiting and other family support services. Partnership woiking and local expertise to enhan support for families. Trustees from local people selected. trained and guided lo run a local seNice. Volunteers from local parents selected. Irained and supervised to provide one to one support to other local parents. Added value with local and olher funding and reSourS brought inlo the community- Finan¢ial Review The results for the financial year are set out on page 8 and additional notes are provided showing income and expenditure in greater detail Financial Results Al the end of ihe financial year the company has assets of £29.533 (2022 £35,342) and liabililies of £600 {2022 £6001 The nel assets of the company have decreased by £(5.8091. Trustees The trustees who served throughout the financial year. except as noted, were as follows.. Geraldine Haughian Margaret Young Kathleen Lawson (Resigned 30 March 2023) Dorolhy Trainor Lisa Mcclean Marie-Therese McDowell Cafol Halforty In accordance with the Articles of Association. the directors retire by rotation and. being eligible, offer themselves for re-election. The secretary who served during the finanaal year was.. Carol Ann Halfoty Compliance with Se¢tor-Wide Legislation and Standards The company engages pr<Faclively with legislation. standards and codes which are developed for the seclor. Home- Start Craigavon subscribes lo and is compliant with the following- The Companies Act 2006 The Charities SORP (FRS 102)
Home-start Craigavon IA company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the tinancial year ended 31 March 2023 Approved by the Board of Trustees on and signed on its behalf by: Jos Chairpersop. arol alforty Trustee
Home-start Craigavon IA company limited by guarantee. not having a share capitsll STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2023 The trustees, who are also direclors of Horne-start Craigavon for the purposes of company law, are responsible for preparing the financial statements in acco.'dance with applicable law and regulations. Company law qUireS the Iruslees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice {Uniled Kingdom Accounting Standards and applicable lawl including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Enliliesl. Under company law the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements. the trustees are required lo= select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudent., stale whether the financial statements have been prepared in accordance with the relevant financial reporting framework. identtfy those standards. and note the effect and the reasons for any material departure from those standards., and prepare the financial slalements on the going concem basis unless il is inappropriale to presume that the company will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financTal statements. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy at any lime the finanual position of the company and enable them to ensure that the financial statements comply with. They are also responsible for safegLJarding the assets of the company and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 2i106 and signed on its behalf by: Jos Chairperson ey Carol Halforty Trustee
Home-start Craigavon IA company limited by guarantee, not having a Sha capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF HOME-START CRAIGAVON We have examined the financial stalemenls of the company for the financial year ended 31 March 2023, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Accounll, the Balan Sheet and the related notes. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged lo compile. report to the Board of Trustees that we have done so. and slate those matters that we have agreed to slate to them in this report and for no other purpose. To the fullesl extent pemiitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body. for our work, or for this report. Respective spOnSibl11t1es of trustees and examiner The company's trustees (who are also the directors of ihe company for the purposes of company lawl are responsible for the preparation of Ihe financial statements in accordance with the requirements of the Companies Act 2006. The company's trustees consider that an audit is not required for this finanaal year under Chapter 3 of Part 16 of the Companies Act 20¢% and that an independent examinalion is required. It is our responsibility to.. examine the financial statements under section 65 of Ihe Charities Act., follow the procedures laid down by the general Directions given by Ihe Charity Commission for Northefn Ireland under section 65191{bl of the Charities Act.. and slate whether particular matters have come to our attention. Basis of independent examinerfs report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance wilh the general Directions given by the Charity Commission for Northern Ireland under section 65191{bl of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consider81ion of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'true and fair, view and the report is limrted to those matters set out in the stalemenl below. In connection with our examination. no matter has come lo our attention which gives us cause lo believe that in, any material respect.. aOUntIng records were not kept in accordance with section 386 of the Companies Act 201 the financial statements do not accord with those accounting records the financial statements have nol been prepared in accordance with the accounting requirements of section 396 ol the Companies Act 20(E and with the methods and principles of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) there is further infomialion needed for a proper understanding of the accounts lo be reached. Independent examiner's statement We have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper L3nderstanding of the finanaal statements to be reached. Y PARK & COMPANY LTD artered Accounlanls and Registered Auditors 4 Carnegie Street Lurgan Co. Armagh 8T66 6AS Northern Ireland
Home-start Craigavon IA company lirnited by guarantee, not having a share capital STATEMENT OF FINANCIAL ACTIVITIES Incorporating an Income and Expenditu A¢¢ount) for the financial year ended 31 March 2023 Unrestricted Restricted Funds Funds 2023 2023 Totsl Unfeslricted Reslricled Funds Funds 2022 2022 Total 2023 2022 Notes Incoming Resour¢es Voluntary Income Investments 34,834 2.355 37,189 33,727 18 9,040 42,767 18 Total incoming resources 34,839 2,355 37,194 33,745 9,040 42.785 Resources Expended Charitable activities 38,452 4,551 43,003 34.183 5,478 39,661 Net incomingloutgoing resources before transfers Gross transfers beeen funds {3.613) 12,1961 15.809) (438) 3,562 3,124 Net movement in funds for the financial year {3,613) {2.196) {5,809} 14381 3.562 3.124 Reconciliation of funds Balances brought forward at 1 April 2022 13 31,146 3,596 34,742 31,584 34 31,618 Balances carried forward at 31 March 2023 27,533 1.400 28,933 31,146 3.596 34,742 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 10 to 13 forni part of the financial slalemenls
Home-start Craigavon IA company limited by guarantse, not having a share capital) Company Nurnber.. N1055096 BALANCE SHEET as al 31 March 2023 2023 2022 Notes Fixed Assets Tangible assets 996 1,193 Current Assets Debtors Cash at bank and in hand 184 28,353 173 33.976 28,537 34,149 Creditors.. Amounts falling due within one year 10 1600) (600) Net Current Assets 27,937 33,549 Totsl Assets less Current Liabilities 28.933 34,742 Funds Reslricled trust funds General fund (unrestricted) 1,400 27,533 3,596 31.146 Totsl funds 13 28.933 34,742 These financial statements have been prepared in accordance wilh the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the finanaal year ended 31 March 2023 the company was entitled lo exemption from audit under section 477 of the Companies Act 2006" and no notice has been depostted under section 476. The trustees confimi that the members have not required the company to obtain an audit of its financial statements for Ihe financial year in question in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with seclion 386 and for preparing finanaal statements which give a true and fair view of the stale of affairs of the company as at the end of the financial year and of ils profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which olherwise comply with the requirements of the Companies Act 2006 relating lo financial slatements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1 A of that Standard. Approved by the Board of Trustees and authorised for issue on behalf by and signed on its Joseph Ga Chairperson Carol Halforty Trustee The notes on pages 10 to 13 form part of tne financial slalements
Home-start Craigavon IA company limited by guarantee, not having a share capitall NOTES TO THE FINANCIAL STATEMENTS for the finanaal year ended 31 March 2023 GENERAL INFORMATION Home-slart Craigavon is a company limited by guarantee incorporaled in Northern Ireland. The registered office of the company is Mt Zion House. Edward Street. Lurgan, Craigavon, Co. Armagh, BT66 6DB, Northern Ireland which is also the principal place of business of the company. The financial statements have been presented in Pound Slerling 1£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consislenlly in dealing with items which are considered material in relation lo the charity's finanaal statements_ Basis of preparation The financial slatemerkts have been prepared on the going concem basis under the historical cost convention, modified to include Certain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practi (SORPI "Accounting and Reporting by Charities preparing iheir accounts in accordance with the Finanryal Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of Ihal Slandard. As permitted by the Companies Act 2006, the company has varied the standard formats in Ihat act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of ihe company for Ihe financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended practi (SORP} "Accounting and Reporting by Charities preparing their accounts in accordan wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1 A of that Standard. Incoming Resources Income Is recognised by inclusion in the Statement of Financial Activrties only when the company is legally entitled to the income, performance conditions attached lo the ilemlsl of income have been met, the amounts involved can be measured with sufficient reliabilty and it is probable that the income will be reiVed by the company. Resources Expended Expenditure is analysed beeen cosls of charitable aclivilies and raising funds. The costs of each activity are separately accumulated and disclosed. and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a pasl event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the company bul cannol be attributed to one aclivily. Such costs are allocated lo aclivilies in proportion to staff time spent or other suitable measure for each aclivily. Tangible fixed assets and depreciation Tangible fixed assets are slated at cost or at valuation. less accumulated depreciation. The charge lo depreciation is calculated to write off the original cost or valualion of tangible fixed assets. less their estimated residual value, over their expected useful lives as follows.. Fixtures, fitting5 and equipment 20°/tr Reducing Balance Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Income recognised by Ihe company from government agencies and other Cfunders, bul not yel received at financi21 year end, is included in debtors. Cash at bank and in hand Cash al bank and in hand cornprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation No currenl or deferred laxation arises as the company has been granled charitable exemption. Irrecoverable valued added tax is expensed as incurred. 10
Home-start Craigavon IA company lirnited by guarantee, not having a Sha capitsl NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Pensions The company operales a defined conlribulion pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the income and expenditure account in the period lo which they relate INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Voluntary Income 34.834 2,355 37,189 42,767 INVESTMENTS Unrestricted Restricted Funds Funds 2023 2022 Investments 18 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Charitable Activities 43,003 43,003 39.661 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are ststed after chargingl(crediting): Depreciation of tangible assets Independent Examinerfs remuneralion.. independent examination services 249 298 600 600 INVESTMENT AND OTHER INCOME 2023 2022 Bank interest 64 18 EMPLOYEES AND REMUNERATION The slaff costs comprise.. 2023 2022 Wages and salaries Pension costs 28,205 1,508 27,876 1,508 29,713 29,384
Home-start Craigavon IA company limited by guarantee, not having a Sha capiial) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 TANGIBLE FIXED ASSETS Fixtures, fittings and equipment Total Cost Al 1 April 2022 Additions 5,600 52 5.600 52 At 31 March 2023 5,652 5,652 Depreciation Al 1 April 2022 Charge for the finanual year 4.407 249 4,407 249 At 31 March 2023 4,656 4,656 Net book value At 31 March 2023 996 996 At 31 March 2022 1,193 1,193 DEBTORS 2023 2022 Prepayments and accTued income 184 173 10. CREDITORS Amounts falling due within one year 2023 2022 Accruals and deferred income 600 600 PENSION COSTS - DEFINED CONTRIBUTION The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fijnd. Pension costs amounted lo £1,508 {2022 - £1.5081 12. RESERVES 2023 2022 At 1 April 2022 (Deficilllsurplus for the financial year 34,742 {5.8091 31.618 3.124 At 31 March 2023 28,933 34,742 12
Home-start Craigavon IA company limited by guarantee, not having a Sha captlall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2021 Movement during the financial year 31,584 {438) 34 3.562 31,618 3.124 At 31 March 2022 Movement during Ihe financial year 31.146 (3.613) 3,596 (2.1961 34.742 15,8091 At 31 March 2023 27,533 1,400 28,933 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers betsveen funds Balance 31 March 2023 Restricted funds Armagh City Banbridge& Craigavon Council HS UK John Lewis 571 2.355 2.926 3.025 1.625 1.400 3.596 2,355 4,551 1,400 Unrestricted funds Unreslricled General 31.146 34.834 38.447 27,533 Total funds 34,742 37.189 42.998 28,933 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current assets Current liabilities Totsl Restricted trust fvnds 1,400 1,400 Unrestricted general funds 996 27,137 1600) 27,533 996 28,537 16001 28,933 14. STATUS The company is limited by guarant not having a share capilal. The liability of the members is limited. Every member of the company undertakes to contribute lo the assets of the company in the event of ils being wound up while they are members. or within one year Ihereafter. for the payment of the debts and liabilities of the company contracted before they aSed to be members, and the costs, charges and expenses of winding up. and for the adjustment of the rights of the contributors among themselves. such amount as may be required, not exceeding £ 1. 13
HOME-START CRAIGAVON IA company limFted by guarantee. not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 14
Home-start Craigavon IA company limited by guarantee, not having a Share caprtall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2023 2023 2022 Income 37,125 42.767 Expenses Wages and salaries Staff defined contribution pension costs Staff training Services l Rent payable Insurance Repairs and maintenan Printing, postage and stationery Telephone Travelling Auditor'sllndependent Examinerfs remuneration Bank charges Volunteer Expenses Subscriptions Family Support Costs Depreciation 28,205 1.508- 19 5,136 1,440 27,876 1.508 1,125 3,233 864 49 769 1.422 217 600 80 748 763 109 298 728 1.068 317 600 81 1,483 2,164 249 42.998 39.661 Miscellaneous income Bank inleresl 64 18 Net Ideficit)13urplus 15,809) 3.124 The supplementary information does not form part of the financial statements 15