HOME-START ARDS COMBER AND PENINSULA AREA Charlty No: N1105855 Company No. NIOS571i4 Trustees. Rep.ort and Unaudlted Accounts 31 March 2024 *AD9MSSY)* 1610812024 COMPANIES HOUSE A03 #132 ,HOME-START ARDS COMBER AND PENINSULA AREA CONTENTS Page5 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts 9t014 Detailed Statement of Financial Activities 15to16 Page I 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 Att 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. NIOSS744 Charlty No. N1105855 Re8lstered Office 9 Cuan Gardens Greyabbey Newtownards BT22 2QG Dirertors 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 Paula Mulhall- Statutory Representative SurRStart.Ards Company Secretary J.F. ROSS Accountants 08oyle Accountlng & 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 takin8 reasonable steps for the prevention and detection of fraud and other irre8ularities. The above report has been prepared in accordance with the provisions applicable to cornpanies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 102). Signed on behalf of the board A.M. ALLEN Trustee 31 March 2024 Page 2 tIOME-START ARDS COMBER AND PENINSULA AREA INOEPENDENT EXAMINER5 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 2024 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 basls of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'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 examlnation. I report In respect of my examination of your charity's accounts as carried out under sectlon 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151(bl of the 2011 Act. Independent exarnlner'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: • accounting records were not kept in accordance with section 386 of the 2006 Act . or • the accounts do not accord with those records; or • the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts 8ive a 'true and fair, viei4V which is not a matter considered as part of an independent examination; or • the accounts have not been prepared in accordance with the Charities SORP (FRS 1021. 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 understandin8 of the accounts to be reached. Gerry O'Boyle ACMA OBoyle Accounting & Tax Ltd 4 Bingham Street Bangor 8T20 5DW 31 March 2024 Page 3 HOME-START ARDS COMBER AND PENINSULA AREA STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 March 2024 Restrfrted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activitie5 Other 3,318 25,072 56,735 3,318 25,072 56.735 1,713 24,166 72,663 Total 85,125 85,125 98,542 Expendlture on: Other 106,283 106,283 104,507 Total 106.283 106,283 104,507 Net 8alns on investments Net expendlture Net expendlture before other 8alns/(losses) {21,1581 121.158) 15,9651 121,158) 121,1581 {5,96S) Other gains and losses: Net movement In funds. 121,158) 121,1581 (5,965) Reconclllatlon of funds: Total funds brought forward 30,952 30,952 36,918 Total funds carrled forward 9.794 9.794 30,953 Page 4 trIOME-START ARDS COMBER AND PENINSULA AREA SUMMARY INCOME AND EXPENDITURE ACCOUNT for the year ended 31 March 2024 2024 2023 Income 85,125 98,542 Gross Income for the year Expenditure 85,125 98,542 106,283 104.507 Total expenditure for the year Net expenditure before tax for the year 106,283 104,507 121.1581 15,9651 Net expenditure for the year 12 1.1581 15,9651 Although the Income was less than last year, this is due to a Funding Grant not being released and paid into the charity's account until the beginning of the new financial year. Sorn8 of the Funders did not award Ihe full amount that was requested in the applicatlons Spending was carefully monitored during the year however rising costs relating to heavelectric etc and the rise in minimum wage is beyond the charities control. Page 5 HOME-START ARDS COMBER AND PENINSULA AREA BALANCE SHEET at 31 March 2024 Company No. N1055744 Notes 2024 2023 Fixed assets Tangible assets 65,238 65,238 65,238 65,238 Current assets Cash at bank and in hand 12,137) 12,137) 13,441) 15.578) 59,660 19,020 19.020 13,4401 15.580 Credttors: Amount falling due within one year Net current Illabilitles)/assets Total assets less current liabilltles io 80,818 Provlslons for Ilabllltles li {49,8661 {49.866} Net assets excludln8 penslon asset or Ilablllty 9,794 30.952 Total net assets 9,794 30,952 The funds of the ¢harlty Restricted funds Restricted income funds 12 9,794 9,794 30,952 30,952 Unrestrlcted funds 12 Reserves 12 Total funds 9.794 30.952 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 2024 the company was entltled 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 complyin8 wlth the requlrements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 March 2024 And signed on its behalf by,. A.M. ALLEN Trustee 31 March 2024 Page 6 HOME-START ARDS COMBER AND PENINSULA AREA STATEMENT OF CASH FLOWS for the year ended 31 March 2024 2024 2023 Cash flows from operating activltles Net expenditure per Statement of Financial Activities (21,158) 15,9661 Adjustments for: Dividends, interest and rents from investments Increase in trade and other payables 156,735) 172,663) Net cash used In operatlng artlvities 177.8921 178,628) Cash flows from Investlng a¢tlvltles Dividends, interest and rents from investments 56.735 72,663 Net cash from Investln8 actlvltles 56,735 72,663 Net cash from financing activities Net decrease in cash and cash equivalents 121,1571 15,9651 Cash and cash equlvalents at the beginnlng of the year 19,020 24,985 Cash and cash equivalents at the end of the year {2,137) 19,020 Components of cash and cash equlvalents Cash and bank balances {2,137) 19,020 {2, 137) 19,020 Page 7 HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNT5 for the year ended 31 March 2024 l Accounting policie5 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 IFRS 1021 (effective I January 2015) - {Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companles Att 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 accountlng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrirted funds earmarked by the trustees for particular purposes. These are unrestrirted funds which include a revaluation reserve representing the restatement of Investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated fund5 Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to. and virtually'certain to receive,.the income and the amount of the income can be measured with sufficient reliability. Income wlth related Where Income has related expendlture the Income and related expenditure is expenditure reported gross in the SOFA. Donations and le8acies Voluntary income recelved by way of grants, donatSons and gSfts1s included In the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included In the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated services These are only Included In Income Iwlth an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. 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/llossesl on This includes any gain or1055 resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment assets This includes any gain or loss on the sale of investments. Page 8 HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management Costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities ser4ices in the f urtherance of its objects, including the making of grants and governance costs. All grant expenditure Is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. 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. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxatlon 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 res'pect of investm'ent properties. This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreclated. The dlrectors conslder that. because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requlrements of the FRSSE in order to give a true and fair view. Intan8lble fixed assets and amortlsatlon 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 item5 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 comprlse 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 borrowing5 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 9 HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS Trade and other credltors Short term creditors are measured at the transaction price, Other creditors and provisions are recognised where the charity has a present obllgation 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 developrnent Expenditure on research and development is wrltten off In the year in which it Is incurred. Foreign currencies Monetary assets and liabllltles denomlnated In currencles 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 exchan8e on the date that the transaction occurred. All exchange differences are are taken into account in arrivin8 at net incomelexpenditure. 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 substantlally all the risks and rewards of ownership to charity are classlfled 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 mSnlmurn lease payments. The corresponding liabili¥V 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 flnance leases are depreciated in the same way as owned assets. Operatin8 lease payments are reco8nised 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 deflned contrlbution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contribution5 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 adrninistered funds. 2 Company status The Charity is a non-profitable company limited by guarantee and consequently does not have share capital. Page lo HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS 3 Statement of Financlal Activities - prior year Restricted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Charitable activities Other 1,713 24,166 72,663 1,713 24,166 72,663 Total 98,542 98,542 Expenditure on: Other 104,507 104,507 Total 104,507 104,S07 Net income {5,9651 {5,9651 Transfers between funds Net income before other Eains/(losses) Other 8alns and losses: Net movement In lund5 15,966) {5,966} 15,966) 15,966} Reconciliation of funds: Total funds b-rou8ht forward Total funds carried fonvard ' 36,918 30,952 36,918 30,952 4 Income from donatlons and legacles Restricted Total Total 2024 2023 3,318 3,318 3,318 3,318 1,713 1,713 5 Income from charitable activities Restricted Total Total 20Z4 2023 Shop Income / Fundraising Refunds 25.072 25,072 23,880 286 25,072 25,072 24,166 Page 11 HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS 6 Other income Restrlcted Total Total 2024 2023 Grants 46,488 240 46,488 240 49,711 10,380 1.352 11,220 72,663 10,000 56,735 10,000 56,735 7 Other expenditure Restrlrted Total Total 2024 2023 Employee costs Motor and travel costs 67,755 1,372 29,473 6,823 860 67,755 1,372 29,473 6,823 860 67,054 1,092 25,855 9,352 1,154 104,507 Premises costs General administrative costs Legal and professional costs 106,283 106,283 8 Staff costs salaries and wages Social security costs 62,932 4,734 67,666 62.108 4.766 66,874 No employee received emoluments in excess of £60,000. 9 Tangible fixed assets Cost or revaluation At l April 2023 At 31 March 2024 65,238 65,238 65.238 65,238 Net book values At 31 March 2024 At 31 March 2023 10 Credltors: amounts falling due within one year 65,238 65,238 65,238 65,238 2024 2023 Accruals and deferred income 3,441 3,441 3,440 3,440 Page 12 HOME-START ARDS COMBER AND PENINSULA AREA NOTES TO THE ACCOUNTS 11 Provlsions Other Total provisions At l April 2023 At 31 March 2024 49,866 49,866 49,866 49,866 12 Movement In funds Incomlng resources (including other AL l Ayril gdiiis/lvSS¥S 2023 At31 March 2024 Resources expended Restrlcted funds: Restrirted income funds: 30,952 85,125 {106,283} 9,794 Total 30,952 85,125 {106,283) 9,794 Unrestrlcted funds: Revaluatlon,Reserves: Total funds 13 Analysls of net assets between funds 30,952 85,125 {106,2831 9,794 Unrestricted funds Restricted funds Total Fixed assets Net current assets Creditors due in more than one year and provisions 65,238 15,577) 65,238 {5,5781 149,866) 149,866) iii 9,795 9,794 14 Contingent AssetslLiabilities 'EH & SSB Grant relates towards premlses purchase cost occupled 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 elther being vacated or the charity's activities cease" 15 Related party dlsclosures Controlling party The company is limited by guarantee and has no share capital. thus no single party controls the company. Page 13 HOME-START ARDS COMBER AND PENINSULA AREA DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Income and endowments from: Donations and legacies 3,318 3,318 3,318 3,318 1,713 1,713 Charitable activities Shop Income / Fundraising Refunds 25,072 25,072 23,880 286 24,166 25,072 25,072 Other Grants 46,488 240 46,488 240 49,711 10,380 1,352 11,220 72,663 10,000 56,735 10,000 56,735 Total Income and endowments 85,125 85,125 98,542 Expenditure on: Employee costs Salarie5/wages Employer's NIC Staff recrultment Temporary staff 62,932 4,734 89 62,932 4,734 89 62,108 4,766 132 48 67,755 67,755 67,054 Motor and travel costs Travel and subsistence 1,372 1,372 1,372 1,372 1,092 1,092 Premises costs - See Appendlx 2 Rent Li8ht, heat and power Premises cleaning Charity Shop Manager Premises repairs and maintenance Other premises costs 7,150 1,252 3,388 9,135 7,150 1,252 3,388 9,135 7,150 1,472 2,232 9,247 1,346 1,346 1.399 7,202 29,473 7,202 29,473 4,355 25,855 General administrative costs, including depreciation and amortisation Bank charges General insurances Information and publications 243 1,079 484 243 1,079 484 237 1,004 1,034 Page 14 HOME-5TART ARDS COMBER AND PENINSULA AREA DETAILED STATEMENT OF FINANCIAL AcfiviTIES Software, IT support and related costs 470 470 646 Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 1,290 124 1,290 124 2,021 95 3,031 102 3,031 102 3,588 727 6,823 6,823 9,352 Legal and professional Costs Accountancy and bookkeeplng Other legal and professional costs 780 780 1,074 80 80 80 860 860 1,154 Total of expendlture of other costs Total expendlture Net gains on investments 106.283 106,283 104,507 106,283 106.283 104.507 Net expenditure (21,IS8) 121, 1581 15,9651 Net expenditure before other 8alns/llosses) Other Gain5 (21,158) {21,1581 15.9651 Net movement in funds 121,1581 121,158) 15,9651 Page 15 Home-start Ards Comber and Peninsula Area Appendix 1- Income Comparison April 2023 - March 2024 Total Apr 2023 . Mai 2024 Apr 2022 Mar 2023 Donations. I Anon 1.000.CQ ANON l.iI:- l.OOQ.QO R. Adair 20.00 North Qown Borbtll Cltsb Staff 40.00 Total 1,200.00 1,510.00 Fundraisin All Tox Restrict Ardfi Ch•rliy 8h•p Incom• CofflbL'r Ch•rily shop Inco￿￿ Cofflb¢r Ro¢ycling Fundiaisin 15.0?'i.e 9.762. 10 9.1/4.76 200.90 118.80 40,00 24,460.91 Total. 25.431.10 nts iie¢cived Aw•i(is loi All 11.oii(tryl ¢alh¢dral.Gfarii 10.000.00 9,932.00 1.S00.QO 1,000.00 Cornlc Rell¢l 10,000.00 Eirly*e•is'Cowid R¢CO￿rY Phait 4 .Jahn Mnor* Fniindbiion 1.338.00 2.000.00 Suro Start 44.986.J4 6,110.91 Aidi & Norih Dotr