Company Registration Number: N1055096 Charity Number: NIC105847 Home-start Craigavon {A Company Ilmlted by guarantee. not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024 Daly Park & Company Ltd Chartered Accountants and Registered Auditors 4 Carnegle Street Lurgan Co. Amiagh BT66 6AS Northern Ireland
Home-start Craigavon IA company limited by guaranteè, not having a share capital) CONTENTS Page Reference and Administrative Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes to the Financial Statements 10-13 Supplementary Information relating to the Financial Statements 15
Home-start Craigavon IA company Ilmited by guarantee. not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustses Geraldine Haughian Margaret Young Dorothy Trainor Lisa Mcclean Joseph Garvey (Chairperson) Marie-Therese McDowell Carol Halforty Company Secretary Carol Ann Halforty Charity Number in Northern Ireland NIC105847 Company Registration Number N1055096 Registered Office and Principal Address Mount Zion House Edward Street Lurgan Co. Armagh BT66 6DB Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Principal Bankers Bank of Ireland 13 Market Street Lurgan Co. Armagh Northern Ireland Solicitors Cleaver Fulton Rankin 50 Bedford Street Belfast Co. Antrim BT2 7FW Northern Ireland
Home-stsrt Craigavon IA company limited by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT forthe financial year ended 31 March 2024 The trustees present their Trustees, Annual Report. combining the Directors, Report and Trustees, Report. and the unaudited financial statements for the financial year ended 31 March 2024. The financial stalements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial slalements in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021. The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice ISORP) guidelines. The trustees 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 trustees. In this report the trustees of Home-slart Craigavon present a Summary of its purpose, governance, activities, achievemenls and finances for the financial financial year 31 March 2024. The company is a registered charity and hence the report and results are presenled in a fomi which complies with the requirements of Ihe Companies Act 2006 and. although not obliged to comply with the Statement of Recommended Practice (Charities SORP effective January 2015). the organisation has implemented its recommendations where relevant in Ihese financial statements. Mission. Objectives and Strategy Objectives Home-slart Volunteers help families facing isolation, the effects of post-nalal illness, disability or mental health issues. bereavement, multiple births, povetty or financial difficulties, or a whole range of other challenges. After meeting with the family to discuss their specific needs, Home-slart will match Ihe family to a Volunteer. The help we give each family is unique and depends entirely on their circumstances, requirements and what they want help with. Structure, Govemance and Management Structure The charity is a registered charity which is govemed by up to seven trustees. Newly appointed trustees go through an induction process lo fully familiarise themselves wilh the charity activities. policies and pr0dUreS. Members of the Management Board attend al least one training session per year on their roles and responsibilities. Regular Iruslee board meetings are held on a monthly basis. The Trustees delegate the daily operation of the charity lo the administrator worker in post who manages the day-to-day activilies. finances and adminislration of the organisation. Review of Activities. Achievements and Perfomiance Vvhal Home-slart brings to your community Outreach to families, home visiting and other family 5UPPOrt Servi$. Partnership working and local expertise to enhance support for families. Trustees from local people selected, trained and guided lo run a local servi. Volunteers from local parents selected. trained and supeNised to provide one to one support to other local parents. Added value with local and other funding and resources brought into the community. Financial 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 At the end of the financial year the company has assets of £24,790 (2023 - £29,533) and liabilities of £600 (2023 £600}. The net assets of the company have decreased by £(4,743}. Reserves Position and Policy The board has examined the charity requirements for reserves in the light of the main risks of the organisation. It believes the charity should hold reserves because the organisations depended on grant income for operations. Vvhich can be subject to fluctuation and requires protection against, and the ability to continue operating. The board believes that the minimum level of reserves should include and equivalent of six months operating costs and a contingency or other unexpected costs. The level of resources will be calculated and reviewed annually and will be built up to a desired level within stages consistent with the charity's overall financial position and its need to maintain and develop ils charitable activities.
Home-start Craigavon IA company limitsd by guarantee, not having a share capitsl} TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 Trustees The truslees who served throughout the financial year, except as noted, were as follows: Geraldine Haughian Margaret Young Dorothy Trainor Lisa Mcclean Joseph Garvey (Chairperson) Marie-Therese McDowell Carol Halfoty 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 financial year was: Carol Ann Halforty Compliance with Sector-wide Legislation and Standards The company engages pro-actively with legislation, standards and codes which are developed for the sector. Home-start Craigavon subscribes to and is compliant with the following= The Companies Act 2006 The Charities SORP (FRS 102) In setting of our objectives and planning our activities for the year the trustees have considered the guidance provided by bodies such as the Charity Commission for Northem Ireland and HM Revenue and Customs on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide and benefit lo the beneficiaries. The direct benefits which flow from our purposes include ' improved health outcomes and improved uptake of health appointments-, happier, safer children and happier safer homes. As a result, fewer children suffer cruelty or mallrealment,. parents and children feel less marginalised. Families make better use of local setvices and are less isolated and have wider hortzons. Families are better able to cope with their needs., families develop improved coping strategies and parents become more confident through increased education in childcare standards. All these benefits are demonstrated by the completion of review visit forms which track an individual family's "journey ol change". Also feedback questionnaires are completed by families and referrers at the close of support. The benefits ol all our purposes are also demonstrated by regular evaluation of the services by Health & Social Care Trusts, funders and monitoring and evaluation of the service. The purposes do not give rise to any harm. The beneficiaries of our purposes are families who are experiencing difficulties or suffering stress and who have at least on child under 5 years of age and live in the Area of Benefit. A private benefit to Volunteers may arise from our mandatory training in values and attitudes. safeguarding children, confidentiality etc. Through the training, Volunteers gain skills and experience which are transferable to other settings. These beneffls are incidental and necessary to ensure the benefit is provided to our beneficiaries. A second private benefit to Trustees may arise from our programme of training in good governance, finance etc. Through the training, Trustees gain skills and experience which are transferable lo other settings. These benefits are incidental and necessary to ensure the benefit is provided to our beneficiaries. These private benefits are relevant to all our purposes. Approved by the Board of Trustses on 5 June 2024 and signed on its behalf by: Joseph Garvey {ChairpeTS Trustee Carol Halforty Trustee
Home-start Craigavon IA company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees, who are also directors of Home-slart Craigavon for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the truslees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). 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 deficil of the company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistenlly., make judgements and estimates that are reasonable and prudent.. state whether the financial statements have been prepared in accordance with the relevant financial reporting framework. identify those standards, and note the effect and the reasons for any material departure from those standards., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial stslements. The trustees are responsible for keeping adequate accounting records Ihal are sufficient to show and explain the company's Iransaclions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure Ihal Ihe financial slatements comply with. They are also responsible for Safeguarding Ihe as5els of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by t e-Board of Trustses on 5 June 2024 and signed on its behalf by: Joseph Ganl Trustee {Chairperg8 Carol Halforty Trustee
Home-start Craigavon IA company Ilmlted by guarantee. not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF HOME-START CRAIGAVON We have examined the financial statemenls of the company for the financial year ended 31 March 2024, which comprise the Statement of Financial Activities {incorporating an Income and Expenditure Account), the Balan Sheet and the related notes. This report is made solely to the company's members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Acl 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so. and stale those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent pemiilted by law, we do not accept or assume responsibility to anyone other than the company and the cornpany's members. as a body, for our work, or for this report. Respective responsibilities of trustses and examiner The company's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Acl 2006. The company's trustees consider that an audit is not required ft)r this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial statements under section 65 of the Charities Act; follow the prOdureS laid down by the general Directions given by thè Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act,. and state whether particular matters have Gome to our attention. Basis of independent examiner's 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 with the general Directions given by the Charity Commission for Northern Ireland under section 65(91(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. 11 also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do nol provide all Ihe evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fai¢ view and the report is limiled to those matters sel out in the statement below. In connection with our examination. no matter has come to our attention which gives us cause to believe that in, any material respect.. accounting records were not kept in accordan with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the arKounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement We have no concerns and have come across no other matters in connection with Ihe examination to which attention should drawn in thi ort in order lo enable a proper understanding of the financial statements to be reached. DAL ARK & COMPANY LTD Cha ed Accountants and Registered Auditors 4 Carnegie Street Lurgan Co. Amiagh BT66 6AS Northem Ireland Date: 5 June 2024
Home-start Craigavon {A company lirnited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES {Incorporatlng an Income and Expenditure Accounti for the financial year ended 31 March 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incoming Resources Voluntary Income Inveslments Other income 35,756 7,500 43,256 34,834 2,355 37,189 349 349 Total incoming resources 36.105 7.500 43,605 34,839 2.355 37,194 Resources Expended Charitable activities 41,590 6,758 48,348 38,452 4,551 43,003 Net incomingloutgoing reSoue$ before transfers {5.485) 742 14,743) {3,613) (2,196) {5,809) Gross transfers beeen funds Net movement in funds for the financial year (5,4851 742 14,743) {3,613) {2,196} {5,809) Reconciliation of funds: Total funds beginning of the year 13 27.533 1.400 28.933 31.146 3,596 34,742 Total funds at the end of the year 22,048 2,142 24.190 27,533 1,400 28,933 The Slalement of Financial Aclivilies includes als gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 10 10 13 form part of the finanaal statements
Home-start Craigavon (A company limited by guarantee, not havlng a share capltal) Company Number.. N1055096 BALANCE SHEET as at 31 March 2024 2024 2023 Notes Fixed Assets Tangible assets 797 996 Current Assets Debtors Cash at bank and in hand 196 23,797 184 28,353 23,993 28,537 Creditors: Amounts falling due within one year 10 1600) {600) Net Current Assets 23,393 27,937 Total Assets less Current Liabilities 24,190 28.933 Funds Restricted trust funds General fund (unrestricted) 2,142 22,048 1,400 27,533 Total funds 13 24.190 28,933 These financial statements have been prepared in accordarbce with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006., and no notice has been deposited under section 476. The trustees confirm that Ihe members have not required the company to obtain an audit of its financial statements for the financial year in question in arxordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial slatements which give a true and fair view of the state of affairs of Ihe company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which othetwise comply with Ihe requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance wilh the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Sedion 1A of that Standard. Approved by th rd of Trustees and authorised for issue on 5 June 2024 and slgned on Its behalf by Joseph Garvey (Chairperson) Trustee Carol Halforty Trustee The notes on pages 10 to 13 form part of the financial slalemenls
Home-stsrt Craigavon {A company limited by guarantee, not having a share capitsl} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Home-start Craigavon is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is Mount Zion House, Edward Street. Lurgan, Co. Armagh, BT66 6DB which is also the principal place of business of the company. The financial stalements have been presented in Pound (£} which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to Ihe charity's financial stalernents. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORPI "Accounting and Reporting by Chaiities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply wilh the requirements of the Charities SORP and are in Complian with section 4.7, 10.6 and 15.2 of Ihal SORP. Statement of compliance The financial stalemenls of the company for the financial year ended 31 December 2017 have been prepared on the going concem basis and in accordance with the Statement of Recommended Practice (SORP) "Accounling and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Slandard. Incoming Resources Income is recognised by inclusion in the Statement of Financial Activities only when the company is legally enlilled to the income, performance conditions altached to the item(s} of income have been met, the amounts involved can be rneasud with sufficient reliability and it is probable that the income will be received by the company. Resources Expended Expenditure is analysed between costs of charitable activities and raising funds. The cos15 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 resull of a past event, a transfer of economic benefits is required in seltlemenl and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the company but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity. Tangible fixed assets and depreciation Tangible fixed assels are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets. less their estimated residual value, over their expected useful lives as follows= Fixtures. fittings and equipment 20 % 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 the company from govemment agencies and other co-funders, bul not yel received at financial year end. is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit al banks requiring less than three months notice of withdrawal. Taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. 10
Home-start Craigavon {A company limlted by guarantse. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2024 Pensions The company operates a defined contribution 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 to which they relate INCOME DONATIONS AND LEGACIES Unrestricted Restrictsd Funds Funds 2024 2023 Voluntary Income 35,756 7,500 43,256 37,189 INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Investments OTHER INCOME Unrestricted Restrlcted Funds Funds 2024 2023 Other inwme 349 349 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Charitable Activities 48,161 187 48,348 43,003 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are stated after charyingl(crediting): Depreciation of tangible assets Independent Examiner's remuneration: independent examination services 199 249 600 800 INVESTMENT AND OTHER INCOME 2024 2023 Bank interest 349 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2024 2023 Wages and salaries Pension costs 27,302 1,508 28,205 1,508 28,810 29,713 11
Home-start Craigavon {A company limited by guarantee, not having a share capltsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2024 TANGIBLE FIXED ASSETS Fixtures, fittings and equipment Total Cost At 31 March 2024 5,652 5,652 Depreciation At 1 April 2023 Charge for the financial year 4,656 199 4,656 199 Al 31 March 2024 4,855 4,855 Net book value At 31 March 2024 797 797 At 31 March 2023 996 996 DEBTORS 2024 2023 Prepayments and accrued income 196 184 10. CREDITORS Amounts falling due within one year 2024 2023 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 fund. Pension costs amounted lo £1.50812023 - £1.508J. 12. RESERVES 2024 2023 At the beginning of the year Oeficil for the financial year 28,933 {4.743) 34,742 15,809) At the end ofthe year 24,190 28.933 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2022 Movement during the financial year 31.146 (3,613) 3.596 (2,196) 34,742 {5,809) At 31 March 2023 Movernenl during the financial year 27,533 (5,485) 1,400 742 28,933 (4,743) At 31 March 2024 22,048 2.142 24.190 12
Home-start Craigavon IA company Ilmited by guarantee. not having a share Capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2024 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers between funds Balance 31 March 2024 Restricted funds Armagh City Banbridge& Craigavon Council SHSCT- IY Babies HS UK John Lewis 2,000 2,000 5,500 4,758 742 1,400 1,400 1,400 7,500 6,758 2,142 Unrestricted funds Unrestricted General 27,533 36,105 41,590 22,048 Total funds 28,933 43,605 48,348 24,190 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current assets Current liabilities Total Restricted trust funds 2,142 2,142 Unrestricted general funds 797 21,851 (600) 22,048 797 23,993 1600) 24,190 14. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in Ihe event of its being wound up while they are members. or within one year thereafter, for the paymenl of the debts and liabilities of the company contracted before they ceased 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. 15. TRUSTEE REMUNERATION The trustees did not re1Ve, nor did they waive. any remuneration during the current financial year. (2023 - £nil). 16. INDEPENDENT EXAMINERS REMUNERATION The independent examiners, Daly Park & Company Ltd. received an independent examination fee of £600 inclusive of vat for their professional work (2023 - £600). 13
HOME-START CRAIGAVON IA Company limited by guarantee. not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 14
Home-start Craigavon IA company limited by guarantee, not havlng a share capitsll SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2024 2024 2023 Income 43,256 37,125 Expenses Wages and salaries staff defined contribution pension costs Staff training Services l Rent payable Insurance Printing, postage and stationery Telephone Travelling Auditolsllndependent Examinels remuneration Bank charges Volunteer Expenses Family Support Costs Depreciation 27,302 1,508 1,221 4,970 1,835 440 1,351 246 600 86 872 7,718 199 28,205 1,508 19 5,136 1.440 728 1,068 317 600 81 1,483 2.164 249 48,348 42.998 Miscellaneous income Bank interest 349 64 Net deficit (4,743) (5,809) The supplementary information does not form part of the financial statements 15