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2023-03-31-accounts

O'Boyle Accounting & Tax Ltd

BUSINESS ADVISORS • CHARTERED ACCOUNTANT • TAX CONSULTANTS

Ms Andrea Margaret ALLEN 9 Cuan Gardens Greyabbey Newtownards BT22 2QG HOME-START ARDS COMBER AND PENINSULA AREA

20 July 2023

Dear Andrea Margaret ,

Accounts for Period ended 31/03/2023

Please find attached final accounts for HOME-START ARDS COMBER AND PENINSULA AREA for the period ended 31/03/2023 [including abbreviated accounts if appropriate].

Thank you for reviewing the attached carefully and for giving your approval to O'Boyle Accounting & Taxation Ltd to file these Accounts on-line with Companies House and with HMRC.

Please do not hesitate to contact us if you have any queries.

Yours sincerely,

Gerry O'Boyle and Laurence Wright O'Boyle Accounting & Tax Ltd Chartered Management Accountants

O'Boyle Accounting & Taxation Ltd 4 Bingham Street, Bangor, BT20 5DW www.oboyleaccounting.com - Email: info@oboyleaccounting.com Tel: 02891453212

HOME-START ARDS COMBER AND PENINSULA AREA

Charity No. NI105855

Company No. NI055744

Trustees' Report and Unaudited Accounts

31 March 2023

HOME-START ARDS COMBER AND PENINSULA AREA CONTENTS

Pages
Trustees' Annual Report 2
Independent Examiner's Report 4
Statement of Financial Activities 5
Summary Income and Expenditure Account 6
Balance Sheet 7
Statement of Cash flows 8
Notes to the Accounts 9
Detailed Statement of Financial Activities 16 to 17

Page 1

HOME-START ARDS COMBER AND PENINSULA AREA TRUSTEES ANNUAL REPORT

Charitable Company limited by guarantee

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. NI055744

Charity No. NI105855

Registered Office

9 Cuan Gardens Greyabbey Newtownards BT22 2QG

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

A.M. ALLEN

J.P. Bennett

J. Dumas

Committee Members

Giela Marquis

Conor Mawhinney

Paula Mulhall – Statutory Representative Surestart Ards

Company Secretary & Scheme Manager

J.F. ROSS

Accountants

OBoyle Accounting & Tax Ltd 4 Bingham Street

Bangor BT20 5DW

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Page 2

HOME-START ARDS COMBER AND PENINSULA AREA TRUSTEES ANNUAL REPORT

Signed on behalf of the board

A.M. ALLEN Trustee 31 March 2023

Page 3

HOME-START ARDS COMBER AND PENINSULA AREA INDEPENDENT EXAMINERS REPORT

Independent Examiner's Report to the trustees of HOME-START ARDS COMBER AND PENINSULA AREA

I report to the charity trustees on my examination of the accounts of HOME-START ARDS COMBER AND PENINSULA AREA for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the accounts of the charity 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Gerry O'Boyle CIMA OBoyle Accounting & Tax Ltd 4 Bingham Street Bangor BT20 5DW 31 March 2023

Page 4

HOME-START ARDS COMBER AND PENINSULA AREA STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2023

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other
6
Total
Expenditure on:
Other
7
Total
Net gains on investments
Net (expenditure)/income
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted
funds
2023
£
1,713
24,166
72,663		 Total funds
2023
£
1,713
24,166
72,663		 Total funds
2022
£
3,927
18,959
92,408
98,542
104,507		 98,542
104,507		 115,294
111,113
104,507
-		 104,507
-		 111,113
-
(5,965)
(1)		 (5,965)
(1)		 4,181
-
(5,966) (5,966) 4,181
(5,966)
36,918		 (5,966)
36,918		 4,181
32,737
30,952 30,952 36,918

Page 5

HOME-START ARDS COMBER AND PENINSULA AREA SUMMARY INCOME AND EXPENDITURE ACCOUNT

for the year ended 31 March 2023

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net (expenditure)/income before tax
for the year
Net (expenditure )/income for the year		 2023
£
98,542
98,542
104,507
104,507
(5,965)
(5,965)		 2022
£
115,294
115,294
111,113
111,113
4,181
4,181

Page 6

HOME-START ARDS COMBER AND PENINSULA AREA BALANCE SHEET

at 31 March 2023

Company No.
NI055744
Notes
2023
£
Fixed assets
Tangible assets
9
65,238
65,238
Current assets
Cash at bank and in hand
19,020
19,020
Creditors:Amount falling due within one year
10
(3,440)
Net current assets
15,580
Total assets less current liabilities
80,818
Provisions for liabilities
11
(49,866)
Net assets excluding pension asset or liability
30,952
Total net assets
30,952
The funds of the charity
Restricted funds
12
Restricted income funds
30,952
30,952
Unrestricted funds
12
Reserves
12
Total funds
30,952		 2022
£
65,238
65,238
24,985
24,985
(3,439)
21,546
86,784
(49,866)
36,918
36,918
36,918
36,918
36,918

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 March 2023

And signed on its behalf by:

A.M. ALLEN Trustee 31 March 2023

Page 7

HOME-START ARDS COMBER AND PENINSULA AREA STATEMENT OF CASH FLOWS for the year ended 31 March 2023

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2023
£
(5,966)
(72,663)
1
(78,628)
72,663
72,663
-
(5,965)
24,985
19,020
19,020
19,020		 2022
£
4,181
(92,408)
-
(88,227)
92,408
92,408
-
4,181
20,805
24,986
24,985
24,985

Page 8

HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS

for the year ended 31 March 2023

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS

Expenditure

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with throug the Statement of Financial Activities. No depreciation is provided in respect of investment properties.

This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 10

HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other
Total
Expenditure on:
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted
funds
2022
£
3,927
18,959
92,408
115,294
111,113
111,113
4,181
4,181
4,181
32,737
36,918		 Total funds
2022
£
3,927
18,959
92,408
115,294
111,113
111,113
4,181
4,181
4,181
32,737
36,918

4 Income from donations and legacies

Restricted
£
1,713
1,713		 Total
2023
£
1,713
1,713		 Total
2022
£
3,927
3,927

5 Income from charitable activities

Shop Income / Fundraising
Refunds		 Restricted
£
23,880
286
24,166		 Total
2023
£
23,880
286
24,166		 Total
2022
£
18,959
-
18,959

Page 12

HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS

6 Other income

Grants
7
Other expenditure
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
8
Staff costs
Salaries and wages
Social security costs
No employee received emoluments in excess of £60,000.
9
Tangible fixed assets
Cost or revaluation
At 1 April 2022
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
10 Creditors:
amounts falling due within one year
Accruals and deferred income		 Restricted
£
49,711
10,380
1,352
11,220
72,663
Restricted
£
67,054
1,092
25,855
9,352
1,154
104,507
62,108
4,766
66,874
2023
£
3,440
3,440		 Total
2023
£
49,711
10,380
1,352
11,220
72,663
Total
2023
£
67,054
1,092
25,855
9,352
1,154
104,507
£
65,238
65,238
65,238
65,238		 Total
2022
£
51,478
10,324
20,310
10,296
92,408
Total
2022
£
71,440
361
27,252
11,224
836
111,113
65,383
5,444
70,827
£
65,238
65,238
65,238
65,238
2022
£
3,439
3,439

Page 13

HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS

11 Provisions

11 Provisions
Other
provisions		 Total
£ £
At 1 April 2022 49,866 49,866
At 31 March 2023 49,866 49,866
12 Movement in funds
Incoming
At 1 April resources
(including
other		 Resources
expended		 Gross
transfers		 At 31
March
2023
2022 gains/losses)
£ £ £ £
Restricted funds:
Restricted income funds:
36,918 98,542 (104,507) (1) 30,952
Total 36,918 98,542 (104,507) (1) 30,952
Unrestricted funds:
Revaluation Reserves:
Total funds 36,918 98,542 (104,507) (1) 30,952
13 Analysis of net assets between funds
Restricted
funds		 Total
£ £
Fixed assets 65,238 65,238
Net current assets 15,580 15,580
Creditors due in more than one year and
provisions		 (49,866) (49,866)
30,952 30,952

14 Contingent Assets/Liabilities

''EH & SSB Grant relates towards premises purchase cost occupied by the organisation at 9 Cuan Gardens, Greyabbey. This grant of £49,866 is interest free and only repayable in the event of the premises either being vacated or the charity's activities cease''

15 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 14

HOME-START ARDS COMBER AND PENINSULA AREA DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2023

Income and endowments from:
Donations and legacies
Charitable activities
Shop Income / Fundraising
Refunds
Other
Grants
Total income and endowments
Expenditure on:
Employee costs
Salaries/wages
Employer's NIC
Staff recruitment
Staff training
Temporary staff
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Light, heat and power
Premises cleaning
Charity Shop Manager
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Bank charges
Equipment expensed		 Restricted
funds
2023
£
1,713
1,713
23,880
286
24,166
49,711
10,380
1,352
11,220
72,663
98,542
62,108
4,766
132
-
48
67,054
1,092
1,092
7,150
1,472
2,232
9,247
1,399
4,355
25,855
237
-		 Total funds
2023
£
1,713
1,713
23,880
286
24,166
49,711
10,380
1,352
11,220
72,663
98,542
62,108
4,766
132
-
48
67,054
1,092
1,092
7,150
1,472
2,232
9,247
1,399
4,355
25,855
237
-		 Total funds
2022
£
3,927
3,927
18,959
-
18,959
51,478
10,324
20,310
10,296
92,408
115,294
65,383
5,444
66
346
201
71,440
361
361
7,150
1,484
1,632
9,240
4,989
2,757
27,252
171
997

Page 15

HOME-START ARDS COMBER AND PENINSULA AREA DETAILED STATEMENT OF FINANCIAL ACTIVITIES

General insurances
Information and publications
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Transfers between funds
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds		 1,004
1,034
-
646
2,021
95
3,588
727
9,352
1,074
80
1,154
104,507
104,507
-
(5,965)
(1)
(5,966)
-
(5,966)		 1,004
1,034
-
646
2,021
95
3,588
727
9,352
1,074
80
1,154
104,507
104,507
-
(5,965)
(1)
(5,966)
-
(5,966)		 952
3,794
118
1,173
1,202
93
1,848
876
11,224
756
80
836
111,113
111,113
-
4,181
-
4,181
-
4,181

Page 16