COMPANY REGISTRATION NUMBER: N1055095 NUMBER: 105853 CHARITY REGISTRATION Home-start Causeway Company Limited by Guarantee Unaudited Financial Statements 31 March 2025
Home-start Causeway Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examinerfs 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 Home-start Causeway Company Limited by Guarantee 18 Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025
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 2025. Reference and administrative details Registered charlty name Home-start Causeway Charlty registration number 105853 Company registration number N1055095 Principal office and registered Ground Floor office Unit 1&2 Old Distillery Court Coleraine BT52 1LH Co Derry The trustees Sandra Hodgett Catriona O'meara Anthony McGarvey Maureen Mccaughan Kathleen Millar Kerry EPP Graham Maze {Appointed 28 August 2024) (Appointed 15 August 2024) (Resigned 7 May 2024) (Appointed 7 May 2024} (Appointed 7 May 2024) (Served from 7 May 2024 to 11 November 2024) Tara Mccaughan Company secretary Pamela Patterson Independent examiner PFS Accountants and auditors Ltd 122 Main Street Dungiven Co Derry BT47 4LG Objectives 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,. ) 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-stsrt Causeway Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 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 ftve. Home-slart volunteers help families facing isolation, the effects of post-natal illness, disability or mental health Sssues, bereavement, multiple births, poverty 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. Structure, governance and management Major risks and management of those risks Rlsing infiation 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 this 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 5UPPOrt 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 lo 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 charities in the Causeway Coast & Glens council area, and they are experiencing similar pressures.
We have therefore launched a concerted campaign to increase the visibility of Home-start and our acts'vities 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 2025 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-party 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. The trustees, annual report was approved on 25 September 2025 and signed on behalf of the board of trustees by.. Anthony McGarvey Director Director Independent Examiner's Report to the Trustees of Home-start Causeway Year ended 31 March 2025 Graham Maze
Home-start Causeway Company Limited by Guarantee I report to the trustees on my examination of the financial statements of Home-start Causeway ('the charity,) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the company {and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act'l 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 tu have an independent examination. Having satisfied mysÈlf that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent e>'.amination, 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 Charlty Commission for Northern Ireland under section 65(9}(b) of the 2008 Act. Independent examiner's statoment 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 fi'nancial 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 fairf 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 practi 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 Accountants and Auditors Ltd Independent Examiner 122 Main Street Dungiven Co Derry
Home-start Causeway Company Limited by Guarantee BT47 4LG 25 September 2025 Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 2024 Unrestricted funds Restricted funds Total funds Total funds Note Income and endowments Donations and legacies Investment income 77,559 254 73,215 150,774 254 173,524 223 Total income 77,813 73,215 151,028 173,747 Expendlture Expenditure on charitable activities 45,234 87,121 132,355 166,596 Total expendltur6 45,234 87,121 132,355 166,596 Net income and net movement in funds 32,579 (13,906) 18,673 7,151 Reconciliation of funds Total funds brought fOard 30,895 61,353 92,248 85,097 Total funds carried forward 63,474 47,447 110,921 92,248 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Home-start Causeway Company Limited by Guarantee The notss on pages 6 to 14 fomi part of these financlal statements.
Home-start Causeway Company Limited by Guarantee Statsment of Financial Position 31 March 2025 2025 2024 Fixed assets Tangible fixed assets Note 13 1,080 1,272 Current assets Debtors 14 708 550 Cash at bank and in hand 120,866 94,425 121,574 94,975 Credltors: amounts falling due within one year 15 11,733 3,999 Net current assets 109,841 90,976 Total assets less current liabilities 110,921 92,248 Net assets 110,921 92,248 Funds of the charlty Restricted funds 47,447 61,353 Unrestricted funds 63,474 30,895 Total charity funds 17 110,921 92,248 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities..
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 Accounting policies (continued) The members have not required the company to obtain an audit of its financial ststements for the year in question in accordan 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 applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 25 September 2025, and are signed on behalf of the board by.. Anthony McGarvey Director Graham Maze Director The notes on pages 6 to 14 form part of these financlal statements. General infomiation 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 Ground Floor, Unit 1 &2, Old Distillery Court, Coleraine, BT52 1 LH, Co Derry. ststement 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 Practi 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 policies
Home-start Causeway Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 March 2025 Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of rtain 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. Gobng concern There are no material uncertainties about the charity'5 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. Incoming 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 Gharity 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.
Home-start Causeway Company Limitsd by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies (continued) income from contracts for the supply of services is recognised with the delivery of the contracted setvice. 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 ststement 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 ftrrther 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. otherexpenditure 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 Ststements (eontlnued) Year ended 31 March 2025 Accounting policies (¢ontlnued) Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and105ses, unless It reverses a charge for imp8irment 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 valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings 15 /0 reducing balance Impalrment 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 benefi't from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments 10
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continue(Q Year ended 31 March 2025 Accounting policies (continued) A financial asset or a financial liability is recognised only when the charity becomes a party 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 consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Financial instruments (continued) 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 exptIOn 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 fi'nancial 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. 11
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2025 Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount ofthe financial asset that exceeds what the carying 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 Servi 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. Llmited by guarantee The Company is limited by guarantee of its members and does not have share capital. The liability of members is limited to £1. Donatlons and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations 395 395 Grants The National Lottery Community Fund Children in Need People & Community The National Lottery Community Fund - Dormant accounts Fund Nl DFC RTE toy show HSUK 68,200 400 11,000 29,766 68,600 11,000 29,766 24,485 24,485 8,964 3,564 4,000 8,964 3,564 4,000 12
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies fcontlnued) 77,559 73,215 150,774 Unrestricted Funds Restricted Totsl Funds Funds 2024 Donations Donations 297 1,049 1,347 Grants Northern Health & Social Care Trust The National Lottery Community Fund Children in Need Home Start UK Halifax Foundation People & Community The National Lottery Community Fund - Dormant accounts Fund Nl 53,300 53,300 8,500 6,866 5,000 29,766 8,500 6,866 5,000 29,766 68,745 68,745 53,597 119,926 173,524 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 254 254 223 223 13
Home-start Causeway Company Limited by Guarantse Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Direct charitable expenditure other costs 45,187 47 87,121 132,306 49 45,234 87,121 132,355 Unrestricted Funds Restricted Total Funds Funds 2024 Direct charitable expenditure Other costs 66,419 39 99,037 1,100 165,458 1,138 66,458 100,137 166,596 Expenditure on charitable activities by activlty type Activities undertaken Total funds Totsl fund directly Support costs 2025 2024 Direct charitable expenditure Governance costs 132,306 132,306 49 165,458 1,138 49 132,306 49 132,355 166,596 Net income Net income is stated after chargingl{crediting)'. 2025 2024 Depreciation of tsngible fixed assets 192 224 14
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2025 10. Independent examination fees 2025 2024 Fees payable to the independent examiner for= Independent examination of the financial statements 11. Staff costs 1,176 1,140 The total staff costs and employee benefits for the reporting period are analysed as follows". 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 72,754 698 4,575 80,215 1,309 6,388 78,027 87,912 The average head count of employees during the year was 5 (2024.. 5). No employee received employee benefi'ts of more than £60,000 during the year (2024.. Nil). 12. Trustee remuneration and expenses No Trustees have received any remuneration from the charity during the year ended 31 March 2025. 13. Tangible flxed assets Fixtures and fittings Cost At 1 April 2024 and 31 March 2025 9,152 Depreciation At 1 April 2024 Charge for the year 7,880 192 15
Home-start Causeway Company Limited by Guarantee Notes to the Financial Statements (¢¢>ntinued) Year ended 31 March 2025 At 31 March 2025 8.072 Carrying amount At 31 March 2025 1,080 At 31 March 2024 1,272 14. Debto 2025 2024 Trade debtors Prepayments and accrued income 708 550 151 557 550 15. Creditors: amounts falllng due withln one year 2025 2024 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 6,748 1,926 2,333 726 2.032 1,169 798 11,733 3.999 16. Penslons and other post retirement benefits Defined contribution plans The amount recognised in income orexpenditure as an expense in relation to defined contribution plans was £4,575 (2024: £6,388). 17. Analysis of charitable funds Unrestricted funds At At 1 April 2024 31 March 202 Income Expenditure 16
Home-start Causeway Company Limited by Guarantee Notss to the Financial Statements {contlnued) Year ended 31 March 2025 General funds 30,895 77,813 (45,234) 63,474 At 31 March 202 At 1 April 2023 Income Expenditure General funds 43,533 53,820 (66,458) 30,895 Restricted funds At At 1 April 2024 31 March 202 Income Expenditure Restricted Fund 61,353 73,215 (87,121) 47,447 At 31 March 202 At 1 April 2023 Income Expenditure Restricted Fund 41,564 119,926 (100,137) 61,353 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year 755 74,882 (11,733) 325 46,692 1,080 121,574 (11,733) Net assets 63,904 47,017 110,921 Unrestricted Funds Restricted Total Funds Funds 2024 17
Home-start Causeway Company Limitsd by Guarantee Notes to the Financial Statements (ntInued) Year ended 31 March 2025 Tangible fixed assets Current assets Creditors less than 1 year 877 30,777 (3,999) 395 64,198 1,272 94,975 (3,999) Net assets 27,655 64,593 92,248 18
Home-start Causeway Company Limited by Guarantse Management Information Year ended 31 March 2025 The following pages do not form part of the flnancial statements. 19
Home-start Causeway Company Limited by Guarantse Detailèd Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donations and legacies Donations Northern Health & Social Care Trust Children in Need Home Start UK Halifax Foundation People & Community Dormant accounts DFC RTE toy show HSUK 395 68,600 11,000 1,347 53,300 8,500 6,866 5,000 29,766 68,745 29,766 24,485 8,964 3,564 4,000 150,774 173,524 Investment income Bank interest receivable 254 223 Total income 151,028 173,747 Detsiled Statement of Financial Activities {continued) Year ended 31 March 2025 2025 2024 Expenditure Expenditure on charitable activities Resources Wages and salaries Employer's NIC Pension costs Rent Rates and water 953 72,754 698 4,575 4,000 249 80,215 1,309 6,388 4,398 20
Home-start Causeway Company Limited by Guarantee Light and heat Repairs and maintenance Insurance Other motorltravel costs Legal and professional fees Telephone Other office costs Family group expenses Sundry expenses Advertising Bank charges Depreciation Resources Training Computer costs Emergency fund Governance costs 2,572 40 890 5,764 12,992 979 545 4,745 1,368 2,754 46 191 866 (14) 6,326 32,596 1.329 680 7,894 6,016 114 87 224 2,037 2,031 7,976 523 5,601 5,165 6,862 4,213 132,355 166,596 Total expenditure 132,355 166,596 Net income 18,673 7,151 21
Home-start Causeway Company Limited by Guarantse Notes to the Detailed Ststement of Financial Activities Year ended 31 March 2025 2025 2024 Expenditure on charitable activities Activity type 1 Activities undertaken directly Direct charitable activity 1 purchases Direct charitable activity 1- wageslsalaries Direct charitable activity 1- employevs 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 insuran Direct charitable activity 1- other motorltravel costs Direct charitable activity 1 legal and professional fees Direct charitsble activity 1- telephone Direct charitable activity 1 printing, postage and stationery Direct charitable activity 1 family group expense Sundry expenses 953 72,754 80,215 698 1,309 4,575 6,388 4,000 4,398 249 2,572 866 40 890 (14) 5,764 6,326 12,943 31,458 979 1,329 545 680 4,745 7,894 1,368 6,016 Advertising 2,754 114 Bank charges 46 87 Depreciation 191 224 Resources 2,037 Training 5,165 2,031 22
Computer costs 6,862 7,976 Emergency fund Govemance costs 523 4,213 5,601 132,3C6 165,458 Governance costs Governance costs - accountancy fees 49 1,138 Expenditure on charitable activities 132,355 166,596 23