Charity Registratlon No. NIC105850 Company registrakn'on number. N1054547 Home4tart Amiagh & Dungannon Company limited by guarantee Unaudited financial statements 31 Mah 2024
Home4tart Arniagh & Dungannon Company Llmited by guarante8 Company Infomiation Dlrectors Elizabeth Devlln Mary Donnelly L8wis Gribben Audrey Kellett Margaret Kllpatrick Donna Morris Heather Smith Bnda Curley Ann O'Neill Company number N1054547 Reglster•d offlco 46 The Square Moy Co Tyrone BT717SG Buslness addr•ss 46 The Squara Moy Co Tyrone BT717SG Banker8 Danske Bank 6 Market Square Dungannon Co Tyrone BTTO 1AB Sollcltors Millar Shearer Black Solicitors 9 Georges Street Dungannon Co Tyron8 BT70 1BP
Hom84tart Armagh & Dungannon Company Llmlted by guarantee Contents Page Truste8s report Ir#Jependent examiners report statement of finala1 a1VItieS Statement of financtal poslfjon Statement of changes in equity Statement of cash flows 10 Noles to the financial statements 11-16
Home-start Arniagh & Dungannon Company Limited by guarantse ststement of Financlal Actmtles Y•ar ended 31 Mar¢h 2024 Note Unrestricted Reslricted Funds Funds Total Funds 2024 Total Funds 2023 Income.. Donations and legacies Investment income 64,160 629 64.160 629 66.668 133 Total Incomo 64.789 64,789 66.801 Expenditur• Expenditure on charitsble actlvities: Charitsble services Govemance 74,718 744 74.718 744 60.845 Total axpendlture 75,462 61,589 Net (expendfturo) and not movement In funds for the year (10.673) (10.673) 5,212 Rgconclllatlon of funds Total fijnds brought forward 47,580 47.580 41368 Total funds rrIed forward 36.907 36,907 47.580 JI the aclivities of the company are from ¢ohtinuin9 operdtions. The company has no other recogntsed items of income and expendlture other than the results for the year as set out above.
Homo-start Armagh & Dungann•n Company Llmited by guarantee ststement of Financial PoSIOn Year andod 31 Mareh 2024 2024 2023 Note Fixod assets Tanglble assets 2.340 2.753 2,340 2,753 Current ass•ts Cash at bank and in hand Grant debtor 39.000 48.605 39,000 49,045 Creditors: amounts falling duè wlthin One year Net current assets 11 (4,433) {4,218) 34.567 44,827 Total assets1oM current Ilabllities 36.907 47.580 Net assots 36.907 47.580 The funds of the chatity.. unStricted income funds 36.907 47,580 Total charity fvnds 36.907 47.580
Homa4tart Armagh & Dungannon Company Llmitsd by guarantee Statement of Financial Positlon Year ondad 31 March 2024 For the y8ar endlng 31 March 2024 the company was entitled to examption from audtt under sectlon 477 of the Companies Act 2006 relating to small companies. Dlre¢lors responsibilities: The members hav6 not required the ¢ompany to obtain an audit of tts financial statements for the year in question in accordance With section 476. The directors acknovrtedge their responsibilities for complying with the requirements of th8 Act vlith respect to accounting records and the preparation of financial statements. These financial ststements have been prepared in accordance with the provlsions applicable to companies subject to the small comp8niès' regime. These financial statements were approved by the board of dirKtors and authorl8ed for issue on 3rd October 2024 and a signed on behalf of the lJ)ard by: ewis Gribben Dlrector Company reglstratlon number. N1054547
Home4tart Armagh & Dungannon Company Limited by guaranteo Statement of changes In equlty Yoar ended 31 March 2024 2024 At 31 March 2022 42,368 Surplus for the year 5.212 Total compr•henslve Income for th• y•ar 5.212 At 31 Mar¢h 2023 47,580 Deficlt for the year {10,673) Total comprehenslve Income for the year (10,673) At 31 March 2024 36,907
Home4tart Arniagh & Dungannon Company Limlted by guarantee Statement of ¢a$h flows Year èndèd 31 Mar¢h 2024 2024 2023 Cash flows from operatlng aGtMtles Deficit for the financial year (10,673) 5,212 Adjuslments for. Additions to fixed assets Depreciation of tangible assets Other interest receivable and simllar incom8 rued expens&s/(income) Accrued grants 413 {629) 707 (52) (133) 475 (61) Changes in: Trade and other d8bto Cash generated from operations (10,234) 5,979 Interest received 629 133 Net cash used in operating activtties Cash flows from invosting adivities Purchase of tangible assets (9,605) 6.112 Net cash froml(used in) investing activities Net Increasel(decrèasg) In cash and cash •qulval8nts Cash and cash aqulvalents at beglnning of year Cash and cash equivalfjnts at end ot year (9.605) 48.605 6,112 42.493 10 10 39,000 48.605 10
Home4tart Amiagh & Dungannon Company Llmited by guarantee Notes to the financtal statements Y•ar ended 31 March 2024 Accounfing policies General informatlon and basls of pr•paratlon The financlal statements hav8 been prepared on the hlstorfcal cost basis, as modlfj8d by the revaluation of certain financial assets and liabilibes and investment properties measured at fair value Ihrough profrt or loss. The financial statements are prepared in steriing. which is the functlonal currency of the entity. Hornewstsrt Amiagh & Dungannon meets the definition of a public benefft entity under FRS 102 and 15 o wmpany Ilmtted by guarantee incorporated in Northem Ireland wlthln the Unlted Klngdom. The address of the registered offic8 is given in the company information page of these financial ststements. The nature of the companys operatlons and Its principal activities is to safeguard. protect and pres8Ne th6 good health and well-being of children and parents and to promote the education of th8 public in better standards of childcare in the area of Arniagh and Dungannon and its environs. Proparatlon of accounts on a golng concern basis Though th8 company made a loss in the last few years it is sfill in a healthy net asset position at the end of the year with no reliancè on external loans so on this basls the company Is a going concem. Income Income is recognised wh8n the charity has entitlement to th8 funds, any perfonnancè ¢ondition5 attached to the Ite of income have been met, it is probable that the income WRII be reiVed and the amount Can be measured rellably. Income from govemment and other grants. whether 'capttal' grants or 'rev8nue' grants, is recognised whèn the ¢harfty has entltlement to the funds, any performance conditions attached to th6 grant have been met. it is probable that the income will be received and the amount Can be measured reliably and is not deferred. Donated s•rvices In accordance with the Charities SORP (FRS 102) the general volunteer time is not recognised as incom8 in Ihe accounts. Interest rncelvable Interest on funds held on deposit Is included when receivable and the amount ¢an bo measured reliably by the charity: this Is nomially upon notificats'on of the Interest paid or payabl8 by the bank. 11
Home4tart Arniagh & Dungannon Company Llmlted by guarant•e Notes to the flnanclal statements (eontinued) Year ended 31 Mah 2024 Fund accounting Unrestricted funds are available to spend on activities that further the purposes of the charity. Designated funds are UnstrICted funds of the charity which the trustees have decided at their dis¢Tetion Éo set asld8 to use for a specific purpose. Restricted funds are donations whlch the dOrr has specified are to be used solely for partl¢ular areas of the companVs work. Expenditure and Irracovorable VAT Expenditur8 is r8cognlsed once th8re Is a legal constructSve obligatlon to make a payment to a third paty, It Is probable that settlement will be required and the amount of the obligation can be measured reliably. Expen¢ltur8 Is classffied under the following headings: Expenditure on charitable aclivities indudes costs of advertising arKI volunteer costs undertaken to further the pury)ose of the charity and their associated costs. other expenditure represents those Items not falling into the headlng al)ove. Irr9coverabla VAT is charg8d as a cost against the activty for which the expenditure was incurred. Charitabl8 expendFture comprises those wsts incurred in the delivery of the tharitrfs actlvrties and services for its beneflanes. It Indudes both costs that ¢an be allocated dlredly to such activities and those costs of an indirect nature necessary to 8UPPOrt them. Govemance costs includ8 those costs associated with meeting the ¢onstilutional and ststutory requirements of th8 charlty. Tanglble assets Tangible assets are initlally recorded at cost. and a subsequently stated at cost less any accumulated d&preaOn and impalmient Ioss8S. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated Impaimerrt losses. An increase in the carrying amount of an asset as a resuft of a revaluatron. is recognised in other comprehensive income and accumulated in capital and réserves. èxcept to the extent It revee$ a revaluation decrea8e of the same asset previously recc*Jni8ed in profit or loss. A decrease in the carrying amount of an asset as a resutt of revaluation is rerAJgnised in other comprehensive income to the extent of any previously recognised revaluation increasè accumulated in capltal and r8serves in respect of that asset. Wh8ra a valuatIon de¢rease exceeds the accumulated revaluation gains auMulated in capital and reserves in respect of that asset. the excess shall be re¢ognised in profit or bss. Depreclatlon D8pr8cSatlon Is calculated so as to write off th8 Cost or valuatton of an assel. less tts residual value. over the useful economic life of that asset as follows: If there Is an Indi¢ation that there has been a signfficant change in depreclation ratas, useful lrfe or residual value of tangible assets. the depreclation Is revised prospectively to refie¢t the naw estimates. 12
Home4tart Arniagh & Dungannon Company LSmited by guarantoe Notes to the financlal statements (¢ontlnued) Year •nded 31 MarGh 2024 Impalmi•nt A review for indicators of impalrment Is carried out at each reporting date, with the recoverable amount béing estimated where such indicators exist. Wh8re the orrylng value exceeds the recoverabFe amount, the asset Is Impaired accordingly. Prior impaimients are also reviewed for px>ssible reversal at each reporting date. Vlhen it is not possible to estimate the recoverable amount of an individual asset, an Èstimatè is rr¥ade of the recoverable amount of the cash4Jenerating unit to which the asset belongs. The cash-generating untt is the smallest identifiable group of assets that indudes the asset and generates cash Inflows that are largely independant of tho cash inftows from other assèts or groups of a$sets. Flnanclal Instrumants The company only has financlal assets and financlal Ilabilittes of a ktnd that qualify as basic financial instruments. BasiG financial instruments are initially recognised et transaction value and subsequenlly measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost uslng the effective interest method. Llmlted by guarantee The charity is a company1Smited by guarantee and has no share capttal. Every memb8r promises. rf the charity is dissolved while he, she or it remains a member or within 12 months afterwards. to pay up to £1 towards the costs of dissolution and the liabilities insured by Ihe chadty vthile the contrlbutor was a member. Income Income arises from: 2024 2023 Gr8nts Donations and gifts 64,160 66,668 64.160 66.668 The income from grdnts and donations was £64,160 (2023: £66.668) of which £64,160 vrds unrestricted (2023 £66.668) and £NII restricted (2023: £NIL). The company benefits greatly from the Involvement and enthusiastl¢ support of its many volunleers. in accordance wlth FRS 102 and the Charitles SORP (FRS 102). the economic contribution of general volunteers is not recognised in the accounts. 13
Home-start Arniagh & Dungannon Company Llmltsd by guarante• Notes to the financial statements (continu•d) Year ended 31 March 2024 Investment Income 2024 2023 Bank deposits 629 133 Analysis of expenditure on Charftable activities Staff costs Support costs Other costs Total 2024 Total 2023 Charitable sorvi¢e$ Governance costs 38,323 511 744 35.936 74,770 744 80,906 38.323 1,255 35.936 75,514 61,650 Gov8mance costs include amourrts charged by the Independent examiner of £744 {2023: £744) Analysis of staff cost* trustee remuneration and expenses 2024 2023 Salaries and wages Social security costs 34.565 3.758 32.981 3.676 38,323 36,657 No employees had 8mployee benefits durlng the y8ar (2023: £nil>. The charty trustees were not paid or recelved any other benefits from employment wlth the company in the year (2023: £nil) neilher were they relmbursed expenses during the year <2023: £nil). No charity trustse receivéd payment for professional or other services supplied to the chaiity {2023: £nil) Staff Numbers The average monthly numb8r of employees was: 2024 2023 Family support 14
Homo-start Amiagh & Dungannon Company Umited by guarantee Notos to the flnanclal statements Icontlnued) Year ended 31 March 2024 Taxation The charitable company is exempt from corporation tax as all its income Is Charitab and is appfied for charitable purposes. Tanglble assets Plant and Fixtures. machinery frttings and equipment Total Cost At 1 Aprfl 2023 Addltions 6.105 7.994 14.099 At 31 March 2024 6.105 7.994 14,099 Depreclation At 1 April 2023 Charge for the year At 31 March 2024 5,739 5,607 358 11,346 413 5,794 5.965 11.759 Carrylng amount At 31 March 2024 311 2,029 2.340 At 31 March 2023 2.387 2,753 10. Cash and cash oqufvalents Cash and cash equNalants comprise the following: 2024 2023 Cash at bank and in hand Bank overdrafts 39.000 48.605 39,000 48,605 11. Creditors. amounts falling due within one year 2024 2023 Bank loans and overdrafts Accruals and deferred income 4,433 4,218 4,433 4,218 15
Home-start Arniagh & Dungannon Company Limltsd by guarantse Notes to the financlal statements (contlnued) Year ended 31 March 2024 11 Grants 2024 2023 At start of year Grants r8ceived or re¢eivable R81eased to the income statement 1,885 1946 (52) 1.833 (61) 1,885 At end of yèar Deferred income comprise8 of grants reIVed in relation to restricted expenditure not yet made. 16
Home-start Amiagh & Dungannon Company Llmltsd by guarantee Detalled Income Statement Y•ar •nded 31 March 2024 2024 2023 Incom* Grants - SH & SCT Grant- PHA Othèr income 51,152 13,008 49A03 17.265 64,160 66,668 Gross profft 64,160 66.668 Overheads AdminiStrave expenses (75.514> (75,514) {61.650} (81,650) Oporatlng profitjloss (11.354) 5.018 Other Interest receivable and slmilar inwme Govemment grant released 629 52 133 81 Profft on ordinary actlvitios bofore taxation (10.873) 5.212 17
Home4tart Arniagh & Dungannon Company Limited by guarantee Detslled Income Statement Year ended 31 MarGh 2024 2024 2023 Ovethead$ Admlnl$trative expenses Wages and salaries Home Start annual fee Rent payable IMH Programme PIP 2 End of Programme Outlng Insurance Light and heat Prfntlng, postage and ststionery Telephone Staff travel Staff Trainlng Volunteer Expenses Accountsn¢y fees Bank charges General expenses Depreclatlon of tangible assets (38,323) (1.200) (5,208) (22,291) (600) (1,009) (953) (1,069) {856) (522) (750) (511} <744) (40) (1,025) (413) (36,657) (856) (5.208) (13.586) (970) (328) {651) (761) (351) (123) 1744) (40) (889) (486) (75,514) (61,650) 18