COMPANY REGISTRATION NUMBER: N1055095 CHARITY REGISTRATION NUMBER.. 105853 Home-start Causeway Company Limited by Guarantee Unaudited Financial Statemdnts 31 March 2024
Home-start Causeway Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 16 Notes to the detailed statement of financial activities 18
Home-start Causeway Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Home-start Causeway Charity reglstration number 105853 Company registration number N1055095 Principal office and registered 74-76 Railway Road office Coleraine BT52 1 PG Co Derry The trustees Sandra Hodgett Catriona O'meara Anthony McGar*/ey Maureen Mccaughan Kathleen Millar Kerry EPP Graham Maze Tara Mccaughan (Appointed 28 August 2024) (Appointed 15 August 2024) (Resigned 7 May 2024) (Appointed 7 May 2024) (Appointed 7 May 2024) (Appointed 7 May 2024) Company secretary Pamela Petersen Independent examiner PFS Accountants and auditors Ltd 122 Main Street Dungiven Co Derry BT47 4LG Objectlves and activities Objects and aims The objects of the charity are". a) to 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 child care; princially but not exclusively within the area of Causeway Coast & Glens and its environs.
Home-start Causeway Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 Objectives, strategies and activities The charity provides a wide range of support for families experiencing difficulties or suffering stress and who have at least one child under the age of five. Home-start volunteers help families facing isolation, the effects of post-natal illness, disability or mental health issues, bereavement, multiple births, povety or financial difficulties, or a whole range of other challenges. After meeting with the family to discuss their specific needs, Home-start will match the family to a volunteer. The help we give each family depends entirely on their circumstances, requirements and what they want help with. Support will be given through core home visiting, family group activities, outings and training.5p.portunities. Public beneflt The direct benefits that flow from the charity's activities include.. improved health outcomes and improved uptake of health appointments. happier safer children and happier safer homes, resulting in fewer children suffering crnelty or maltreatment. parents and children feel less marginalised. Families make better use of local services and are less isolated and have wider horizons. 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. Structurey governance and management Major risks and management of those rlsks Rising inflation and cost of living Whilst rising inflation and energy bills have had some impact on Home-start Causeway it would be remiss not to consider the potential impact th is may have over the next year. Funders have reached out to organisations to see how best they can support organisations with rising costs with uplifts, and we have availed ourselves of this assistance. We have also been more flexible with budgets to help address increased costs. We will continue to monitor the impact of rising costs on our service. We foresee increased financial difficulties within the families we support as they struggle with rising food and energy costs. We will do what we can to support families through the service we provide and also signpost to appropriate services. Volunteers As the increases in the cost of living continue to impact the families for whom we provide services, so we are also seeing its impact on our volunteers. Many are finding the amount of free time they have previously been able to give to Home-start is now being curtailed by family and financial pressures. This has resulted in a reduction of the overall volunteer hours available. We have spoken to other ch2rities in the C2usoway Coast & Glens eouncil area, and they are experiencing similar preasures. We have therefore launched a concerted campaign to increase the visibility of Home-start and our activities to the wider community and to actively recruit and train new volunteers to ensure we continue to maintain the high quality of service provision we currently provide.
Home-start Causeway Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 Financial Instruments Objectives and policies The charity's activities expose it to several financial risks, including credit, cash flow, and liquidity risks. Cash flow risk The charity's activities expose it primarily to the financial risks of changes in Government funding and third-paty support of the charity. Credit risk The charity's principal financial assets are bank balances and cash, trade and other receivables. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairments is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. Liquidity risk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses cash reserves. Small company provisions This report has been prepared In accordance with the provisions applicable to companies entitled to the small companies exemption. //4J. The trustees, annual report was approved on 2GI@F 2024 and signed on behalf of the board of trustees by.. Anthony Mc Director ardey
Home-start Causeway Company Limited by Guarantee Independent Examiner's Report to the Trustees of Home~Start Causeway Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of Home-start Causeway ('the charity,) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9}(b) of the 2008 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. PFS Accountsnts and Auditors Ltd Independent Examiner 122 Main Street Dungiven Co Derry BT47 4LG 25 October 2024
Home-start Causeway Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Investment income 53,597 223 119,926 173,524 223 129,204 47 Total income 53,820 119,926 173,747 129,251 Expendlture Expenditure on charitable activities Total expenditure 66,458 66,458 100,137 100,137 166,596 166,596 109,225 109,225 Net income and net movement in funds (12,638) 19,789 7,151 20,026 ReconclliatAon of funds Total funds brought forward Total funds carried forward 43,533 30,895 41,564 61,353 85,og7 92,248 65,071 85,097 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 14 form part of these financial statements.
Home-start Causeway Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Flxed assets Tangible fixed assets 13 1,272 1,496 Current assets Debtors Cash at bank and in hand 14 550 94,425 94,975 536 85,097 85,633 Creditors: amounts falling due withln one year Net current assets Total assets less current liabilities 15 3,999 2,032 90,976 92,248 92,248 83,601 85,097 85,097 Net assets Funds of the charity Restricted funds Unrestricted funds 61,353 30,895 92,248 100,115 (15,018) 85,097 Total charity funds 17 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476" The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions appSicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 2$ Oolabe&•2024, and are signed on behalf of the board by: Anthony Mc Director rvey The notes on pages 6 to 14 fonn part of these financial statements.
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 74-76 Railway Road, Coleraine, BT52 1PG, Co Derry. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policles 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 income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no rnaterial uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (continued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity" it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity, Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 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 impairment losses.
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuatlon of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings 15 % reducing balance Impairment of fixed assets 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 carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, 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 to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For Impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units, Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other Gonsideration expected to be paid or recgived 2nd not discounted. Debt instruments are subsequently measured at amortised cost.
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Financial instruments (contlnued) Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related seNice is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The Company is limited by guarantee of its members and does not have share capital. The liabllity of members is limited to £1.
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 MarGh 2024 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations type 1 297 1,049 1,347 Grants Northern Health & Social Care Trust Children in Need Home Start UK Halifax Foundation People & Community Dormant accounts 53,300 53,300 8,500 6,866 5,000 29,766 68,745 173,524 8,500 6,866 5,000 29,766 68,745 119,926 53,597 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations type 1 3,930 3,930 Grants Northern Health & Social Care Trust The National Lottery Community Fund Brook Trust Children in Need RTE Toy Show Appeal COOP Local Community Fund Home Start UK Marks & Spencer Sainsbury 56,203 56,203 41,501 800 9,000 14,257 1,013 1,000 1,000 500 41,501 800 9,000 14,257 1,013 1,000 1,000 500 60,133 69,071 129,204 10
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 223 223 47 47 Expenditure on charitable activlties by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Direct charitable expenditure Other costs 66,419 39 99,037 1,100 100,137 165,458 1,138 166,596 66,458 Unrestricted Funds Restricted Total Funds Funds 2023 Direct charitable expenditure Other costs 50,674 57,400 1,151 58,551 108,074 1,151 109,225 50,674 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Direct charitable expenditure Governance costs 165,458 165,458 1,138 108,074 1,151 109,225 1,138 1,138 165,458 166,596 Net income Net income is stated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets 224 264 10. Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 1,140 11
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 80,215 1,309 6,388 66,752 4,546 71,298 87,912 The average head count of employees during the year was 5 (2023: 4). No employee received employee benefits of more than £60,000 during the year (2023: Nil). 12. Trustee remuneration and expenses No Trustees have received any remuneration from the charity during the year ended 31 March 2024. 13. Tangible flxed assets Fixtures and fittings Cost At 1 April 2023 and 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 9,152 7,656 224 7,880 Carrying amount At 31 March 2024 1,272 At 31 March 2023 1,496 14. Debtors 2024 2023 Prepayments and accrued income 550 536 12
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 15. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income Social security and other taxes Other creditors - desc in alcs 2,032 1,169 798 2,032 3,999 2,032 16. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,388 (2023: £4,546). 17. Analysls of charitable funds Unrestricted funds At 31 March 202 At 1 April 2023 I ncome Expenditure General funds 43,533 53,820 (66,458) 30,895 At 31 March 202 At 1 April 2022 I ncome Expenditure General funds 34,027 60,180 (50,674) 43,533 Restrlcted funds At 31 March 202 At 1 April 2023 I ncome Expenditure Restricted Fund 41,564 119,926 (100,137) 61,353 At 31 March 202 At 1 April 2022 Income Expenditure Restricted Fund 31,044 69,071 (58,551) 41,564 13
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 877 30,777 (3,999) 27,655 395 64,198 1,272 94,975 (3,999) 92,248 64,593 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,031 44,534 (2,032) 43,533 465 41,099 1,496 85,633 (2,032) 85,097 41,564 14
Home-start Causeway Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do not form part of the financial statements. 15
Home-start Causeway Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacies Donations Northern Health & Social Care Trust The National Lottery Community Fund Brook Trust Children in Need RTE Toy Show Appeal COOP Local Community Fund Home Start UK Marks & Spencer Sainsbury Halifax Foundation People & Community Dormant accounts 1,347 53,300 3,930 56,203 41,501 800 9,000 14,257 1,013 1,000 1,000 500 8,500 6,866 5,000 29,766 68,745 173,524 129,204 Investment Income Bank interest receivable 223 47 Total income 173,747 129,251 16
Home-start Causeway Company Limited by Guarantee Detailed Statement of Financial Activities (continued) Year ended 31 March 2024 2024 2023 Expenditure Expenditure on charitable activitles Wages and salaries Employer's NIC Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Other motorltravel costs Legal and professional fees Telephone Other office costs Family group expenses Home-start UK Home-start grant distribution Family support expenses Volunteer expenses Sundry expenses Advertising Bank charges Depreciation Resources Training Computer costs Emergency fund Governance costs 80,215 1,309 6,388 4,398 66,752 4,546 4,000 208 968 662 994 1,630 8,711 1,109 462 3,420 1,475 1,600 6,171 3,771 2,173 250 59 264 866 (14) 6,326 32,596 1,329 680 7,894 6,016 114 87 224 2,037 2,031 7,976 523 5,601 166,596 109,225 Total expenditure 166,596 109,225 Net income 7,151 20,026 17
Home-start Causeway Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Expenditure on charitable activities Activity type 1 Activities undertaken directly Direct charitable activity 1- wageslsalaries Direct charitable activity 1 employer's NIC Direct charitable activity 1 pension costs Direct charitable activity 1 rent Direct charitable activity 1 rates & water Direct charitable activity 1 light & heat Direct charitable activity 1 repairs & maintenance Direct charitable activity 1 insurance Direct charitable activity 1- other motorltravel costs Direct charitable activity 1 legal and professional fees Direct charitable activity 1- telephone Direct charitable activity 1 printing, postage and stationery Direct charitable activity 1- family group expense Direct charitable activity 1 Home-start UK Direct charitable activity 1 Horne - start grant distribution Direct charitable activity 1- family support expenses Volunteer expenses Sundry expenses Advertising Bank charges Depreciation Resources Training Computer costs Emergency fund Governance costs 80,215 1,309 6,388 4,398 66,752 4,546 4,000 208 968 662 994 1,630 7,560 1,109 462 3,420 1,475 1,600 6,171 3,771 2,173 250 59 264 866 (14) 6,326 31,458 1,329 680 7,894 6,016 114 87 224 2,037 2,031 7,976 523 5,601 165,458 108,074 Governance costs Governance costs - accountancy fees 1,138 1,151 Expenditure on charitable activltles 166,596 109,225 18