Charity Reglstratlon No. NIC105850 Company registratlon number: NIO54547 Home-start Armagh & Dungannon Company Ilmlted by guarantee Unaudlted financlal statements 31 March 202S
Home-start Armagh & Dungannon Company Limited by guarantee Company information DlreGlors Mary Donnelly Lewis Gribben Donna Morris Heather Smith Brenda Curley Pauline Muldoon Company number N1054547 Registered office 46 The Square Moy Co Tyrone BT717SG Buslness address 46 The Square Moy Co Tyrone BT717SG Bankers Danske Bank 5-6 Market Square Dungannon Co Tyrone BT70 1AB Soll¢ltors Millar Shearer Black Solicitors 9 Georges Streat Dungannon Co Tyrone 8T70 1 BP
Home-start Amiagh & Dungannon Company Llmlted by guarantee Contents Page Trustees report Independent examiner's report Statement of financi818Ctivities Stalement of financial position Statement of Changes in equity Statement of Gash flows 10 Notes to the financial statements
Home-start Armagh & Dungannon Company Llmited by guarantee Statement of Financlal Actlvltles Year ended 31 March 2025 Note Unrestricted Restricled Funds Funds Total Funds 2025 Total Funds 2024 Income: Donations and legacie5 Investment income 68,387 602 68,387 602 64,160 629 Total Income 68,989 68,989 64,789 Expenditure Expenditure on charitable activities.. Charitable services Govemance 65,776 888 85,776 888 74.718 744 Total expenditure 66,664 66,664 75,462 Net (expenditure} and net movement in funds for the year 2,325 2,325 {10,673) Reconclllation of funds Total funds brought forward 36,907 36,907 47,580 Total funds Carried forward 39,232 39.232 36,907 All Ihe activities of the company are from continuing operations. The company has no other recognised items of income and expenditure other than the results for the year as set out above.
Home-start Amiagh & Dungannon Company Limited by guarantee Statement of Financlal Position Year ended 31 March 2025 2025 2024 Note Flxed assets Tangible assets 2,244 2,340 2,244 2,340 Current assets Cash at bank and in hand 41,123 39,000 41,123 Credltors: amounts falllng due wlthin one year Net current assets 39,000 11 (4,135) (4,433) 36,988 34,567 Total asset5 les5 current liablllties 39,232 36.907 Net assets 39,232 36,907 The funds of the charity: Unrestricted income fund5 39,232 36,907 Total charlty funds 39,232 36,907
Home-start Armagh & Dungannon Company Llmited by guarantee Statement of Flnanclal Positlon Year ended 31 March 2025 For the year ending 31 March 2025. the company was entltled to exemption from audit under section 477 ofthe Companies Act 2006 relating io small companles. Directors responsibilitres.. The members have not required the company to obtain an audit of its financial statement5 for the year in question in accordance with section 476., The direGtors acknowledge their responsibilities for complying with the requirements of the Act with respe to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statement5 were approved by Ihe board of directors and authorised for issue on 2nd October 2025 and are signed on behalf of the board by.. Lewls Grlbben Director Company registration number.. N1054547
Home-start Arniagh & Dungannon Company Limited by guarantee Statement of changes In equity Year ended 31 March 2025 2025 At 31 March 2023 47.580 Deficit for the year Total comprehenslve income for the year (10.673) (10,6731 At 31 March 2024 36,907 Surplus for the year Total comprehensive income for the year 2,325 2,325 At 31 March 2025 39.232
Home-start Armagh & Dungannon Company Limited by guarantee Ststement of cash flows Year ended 31 March 2025 2025 2024 Cash flows from operatlng actlvitles SurplusllDeficil) for the financial year 2,325 (10.673) Adjustments for.. Depreciation of tangible assets Other inl8rest receivable and similar income Accrued expensesl(income) Accrued grants 396 1602) {2541 {44) 413 (6291 707 (52) Changes in- Trade and other debtors Cash generated from operatnS 1,821 (10,234) Interest received 602 629 Nel cash from operating activities Cash flows from Investlng actlvlties Purchase of tangible assets Nèt cash froml(used in} investing activities 2,423 (9.605) (300) (300) Net increasel{de¢rease} in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 2,123 39,000 10 (9,605) 48.605 qo 41.123 39,000 io
Home4tart Armagh & Dungannon Company Limlted by guarantee Notes to the financial statements Year ended 31 March 2025 Accountlng policies General Infomiation and basis of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling. which is the functional currency of the enlity. Home-start Amiagh & Dungannon meets the definition of a public benefit entity under FRS 102 and is company limtted by guarantee incorporated in Northern Ireland within the United Kingdom. The address of the registered office is given in the company information page of these financial statements. The nature of the company's operations and its principal activities is lo saf8guard, protect and preseNe the good health and well-being of children and parents and to promote the education of the public in better standards of childcare in the area ofArmagh and Dung8nnon and ils 8nvirons. Preparation of accounts on a going concern basls Though the company made a loss in the last few years11 is still in a healthy net asset position at the end of the year with no reliance on external loans so on this ba515 the company is a going concern, Income Income is reccgnised when the charity has entitlement lo thefunds, any perfonnance conditions attached to thè ilems of income have been met, it is probable that the income will be receivèd and the amount can be measured reliably. Income from government and other grants, whether '¢apital' grants or 'revenue' grants, is r6cognised when the charity has entitlement to the funds, any performance conditions attached to the 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 services In accordance with the Charitie5 SORP (FRS 102) the general volunteer lime 15 not recognised as income in the accounts. Interest receivable Interest on funds held on deF)05it is included when receivable and the amount can be measured reliably by the charity,. this is nomally upon notification of the interest paid or payable by the bank. li
Home-start Armagh & Dungannon Company Llmited by guarantee Notes to the financial statements (continued) Year ended 31 March 2025 Fund accounting Unrestricted funds are available to spend on activities that further the purposes of the charity. Designated funds are unrestricted fund5 of the charity which the trustees have decided at their discretion to set aside lo use for a specific purpose. Reslricled funds are donations which the donor has specified are to be used solely for particular areas of the company's work. Expendlture and irrecoverdble VAT Expenditure is recognised once there is a legal constructive obligation to make a payment lo a third paty. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings.. Expenditure on charitable activities in¢lLJdes costs of advertising and volunteer costs undertaken lo further the purpose of the charity and their associated costs. Other expendtture represènts those items not falling into the heading above. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Charitabl8 expenditure comprises those costs incurred in the delivery of the charity's activities and services for its beneficiaries. 11 includes both Gosts that can be allocated directly to such activrties and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting the constitutional and statutory requirements of the charity. Tangible assets Tangible assets are initially recorded al cost, and are subsequently stated al cost less any accumulated depreciation and impairment losses. Any tangible assels carried at revalued amount5 are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimenl losses. An increase in the carrying amount of an asset as a iesult of a revaluation, is recognised in other comprehensive income and accumulated in Gapital and reserves, except lo the extent il reverses revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income lo the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less it5 residual value, over the useful economic life of that asset as follows-. If there is an indication that there has been a significant change in depreciation rates, useful life or residual value of tangible asset5, the depreciation is revised prospectively to reflect the new eslimales. 12
Home-start Armagh & Dungannon Company Limltsd by guarantee Notes to the financial statements (continued) Year ended 31 March 2025 Impalrment A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit lo which the 8sset belongs. The Cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Flnanclal Instruments The company only has financial assets and financial liabilities of a klnd that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al th8ir settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effectlV8 interest method. Limited by guarantee The charity is a Company limited by guarante6 and has no share capital. Every member promlse5, if the charity is dissolved while he, she or it remains a member orwithin 12 months aftenmards, to pay up to£1 towards the costs of dissolution and the liabilities insured by the charity while the contributor was a member. Income Income arises from.. 2025 2024 Grants Donations and gifts 68,002 385 64,160 68,387 64,160 The income from grants and donations was £68,387 (2024.. £64,160} of which £68,387 was unrestricted (2024 £64,160) and £Nil restricted (2024.. £NIL). The company benefits greatly from the involvement and enlhusiastlc support of its many volunteers, in accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of geneTrl volunteers is not recognised in the a¢counts. 13
Home-start Armagh & Dungannon Company Limitod by guarantee Notes to the financlal statements (continued) Year ended 31 March 2025 Investment income 2025 2024 Bank dep051ts 602 629 Analysls of expenditure on charltable actlvities Staff costs Support costs Other costs Total 2025 Total 2024 Charitable service5 Governance costs 40,208 538 888 25,074 65,820 888 74,770 744 40,208 1,426 25,089 66,708 Governance costs include amounts charged by the independent examiner of £888 (2024.. £744) 75,514 Analysis of staff costs, trustee remuneration and expenses 2025 2024 Salaries and wages Social security Costs 36,160 4,048 34,565 3,758 40,208 38,323 No employees had employee benefits during the year12024: £nil}. The charily trustees were not paid or received any other benefits from employment with the company in the year (2024.. £nil) neither were they reimbursed expenses during the year (2024.. £nil). No charity trustee received payment for professional or other services supplied lo the charity (2024.. £nil) Staff Numbers The average monthly number of employees was.. 2025 2024 Family support 14
Home4tart Amiagh & Dungannon Company Llmited by guarantee Notes to the financial statements (contlnued) Year ended 31 March 2025 Taxation The charitable company is exempt trorn corporation tax as all its income is charitable and is applied for charitable purposes. Tanglble assets Plant and Fixtures, machinery fittings and equipment Total Cost At 1 April 2024 Additlons 6,105 300 7,994 14,099 300 At 31 March 2025 6,405 7,994 14,399 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 5.794 92 5,965 304 11,759 396 5,886 6,269 12,155 Carrying amount At 31 March 2025 519 1.725 2,244 At 31 March 2024 311 2.029 2,340 o. Cash and cash equlvalents Cash and cash equivalents Comprise the following.. 2025 2024 Cash at bank and in hand Bank overdrafts 41,123 39,000 41.123 39,000 11. Crodltors: amounts falllng due wlthin one year 2025 2024 Bank loans and overdrafts Accruals and deferred income 4.135 4,433 4,135 4,433 15
Home-start Armagh & Dungannon Company Limited by guarantee Notes to the financial statements (continued) Year ended 31 Mah 2025 12. Grants 2025 2024 At start of year Granls received or receivable Released to the income slatement At end of year 1,833 1,885 (44) 1,789 {52} 1,833 Deferred income comprises of grants received in relation to restricted expenditure not yel made. 16
Home-start Armagh & Dungannon Company Limlted by guarantee Detailed Income Statement Year ended 31 March 2025 2025 2024 Income Grants- SH & SCT Grant- PHA Other income 66,702 51,152 13,008 1,685 68,387 64.160 Gross profit 68.387 64,160 Overheads A(Jministralive expenses (66,708) 66,708 {75,714) 175,714) Operatlng profttlloss 1,679 <11,354) Other interest receivable and similar income Govemment grant released Proflt on ordinary activities before taxation 602 44 629 52 2,325 110,673) 17
Home-start Armagh & Dungannon Company Limlted by guarantee Detalled Income Statement Year ended 31 March 2025 2025 2024 Overheads Administrative expenses Wages and salaries Home Start annual fee Rent payable IMH Programme PIP 2 End of Programme Outing Insurance Light and heal Printing, postage and stationery Telephone Staff travel Staff Training Volunteer Expenses Accountancy fees Bank charges General expenses Depreciation of tangible assets (40,208) (1,155) (5,208) (13,611) {38,323) {1,200) 15,208) (22,291) (600) (1,009) (953) (1,069) (856) {522) {750) {511} (744) (40) (1.025) (413) (75,514) (1,049) (1,081) (619) (763) 1299) (538) (888) (40) <853) {396) (66,7081 18