Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023 Malone Accounting 12 Causeway Road Newcastle BT33 ODL Company Number: N1054546 Charity Number: 106050
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) CONTENTS Page Reference and Administrative Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities ststement of Financial Position 10 Notes to the Financial Statements 11-16
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Ann Lowry Catherine Kinkaid - Joint Chair Catherine Lynch Charles Graham Clive Power- Joint Chair Conn Mulholland Gloria Dodds Margaret Mcmahon Margaret Trainor (Appointed 7 March 2023) Company Secretary Bevin O'Hare Charity Number in Northern Ireland 106050 Company Registration Number N1054546 Registered Office and Principal Address Ballybot House 28 Commarket Newry BT35 8BG Independent Examiner Malone Accounting 12 Causeway Road Newcasue BT33 ODL Principal Bankers AIB 4244 Hill Street Newry County Down BT34 1AU Northem Ireland Solicitors Cleaver Fulton Rankin 50 Bedford Street Belfast County Antrim BT2 7FW Northem Ireland
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the finanaal year ended 31 March 2023 The trustees present their Trustees. Annual Report, combining the Directors, Report and Trustees, Report. and the unaudited financial slatemenls for the financial year ended 31 March 2023. The financial slatements are prepared in accordance with the Companies Act 2C6, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities= Statement of Recommended Praclice {SORPI applicable to charities preparing iheir financial stalements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. The Trustees, Annual Report contains the information required to be provided in Ihe Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In Ihis report Ihe trustees of Home-start Newry & Moume psent a summary of its purpose. governance. activilies, achievements and finances for the financial year 31 March 2023. The company is a regislered charity and hence the report and results are presenled in a fomi which complies with the requirements of the Companies Act 20CE and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Mission, Objectives and Strategy Mission Statement The vision of Home-start is for every parent to have the support they need to give their children the best start in life. The mission is to provide volunteer led support. friendship and practical help to families with young people in the local community. Home-slart offer one to one personalised support for parents with children under five, reaching oul to families at risk of social exclusion, including those who do not engage with other servIs. The objects of the charity are lo offer regular support. friendship and praclical help to families (with at leasl one pre-school child) by visiting them in their own home, helping to prevent fami crisis and breakdown and emphasising the pleasure of family life. Trained volunteers are placed alongside parents to: Provide tailored support lo the individual needs of each family for as long as Ihe family need.. Encourage wider social and support nelworks and opportunilies for increased engagement in community life. Offer choices for parents and their children and opportunities for their vol$ to be heard.. Offer consistent adult role models for parents and their children from other adults who care= Structure, Govemance and Management Structure Home-start Newry & Moume is a charitable company limited by guarantee which was incorporated in 2005. The company is governed by its Memorandum and Artides of Association. The company has been granted charilable status by HM Revenue & Customs and accordingly is exempt frorn rtain taxes. The company is also registered with the Northern Ireland Charity Commission NIC 106050. Govemance The board of trustees comprise of g trustees who bring a range of experien from the private, public and voluntary sectors. The management of the company is the reswnsibility of the trustees who are elected and cfropted under the terms of the Arbdes of Association. The trustees are appointed for an initial >year period which may be extended. The board meets 8 times a year. New board members receive comprehensive induction training and guidan on responsibilities as charity trustees and company direclors. The board of trustees delegate the day-ti>day management of the Chartty to the Manager who reporls to the Board.
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the finanaal year ended 31 March 2023 Review of Activities. Achievements and Perfomiance All projects have met andlor exceeded the established targets. Highlights indude.. - 727 children supported 508 families supported 390 referrals for support 18 new volunteers trained Continued development of unique reporting system Received very positive extemal quality evaluation of systems and prosseS Secured addilional funding io run parenling programmes Financial Results At the end of the financial year the o)mpany has assets of £98.926 (2022 - £103,024) and liabilities of £23,080 (2022 - £30,557). The net assets of the company have increased by £3.379. Reserrfes Position and Policy The trustees have established that reserves should be a minimum of 34 month's running costs and a maximum of 6 month's running costs. They believe that this level of reserveswould enable Home-start Newry & Mourne to meet the aims and objectives on a short term and long-term basis. This would also provide for unanticipated shortfalls in income and cover costs such as staff sickness, delays in receiving grants. moving premises or other unplanned events. The board of Irustees is commitled lo ensuring thal the charty conlinues to deliver the same level of engagement wilh families in need of support, to ensure funding is secured to deliver the services and to seek opportunities to expand the level of services provided across the local region. Trustees The trustees who setwed throughout the financial year, except as noted, were as follows.. Margaret Trainor (Appointed 7 March 2023) Catherine Kinkaid Margaret Mcmahon Clive Power- Joint Chair Charles Graham Conn Mulholland Ann Lowry Gloria Dodds Catherine Lynch- Joint Chair In accordance with the Constitution, the trustees retire by rotation and being eligible, offer themselves for re-election. The secretary who served during the finanaal year was: Bevin O'Hare Staff Training and Development Home-start is committed to and underlakes wular good communication and consultalion with staff on work matters and on matters of interest. The Manager meets formally and infomially with staff on a regular basis. Staff are consulted formally on all issues or matters that may affect their interests. The interim and annual staff appraisal process is a key element of this communication. Pay Policy for Senior Staff All staff are appointed on pay scales set by the National Joint Council {NJC). Cost of living rise5 are applied according to those set nationally. Staff job descriptions are reviewed annually as a key element of Ihe staff annual appraisal process.
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the finanaal year ended 31 March 2023 Compliance with Sector-wide Legislation and Standards The company engages pro-actively with legislation, standards and codes which are developed for the sector. Home- Start Newry & Mourne subscribes to and is compliant with the following.. The Companies Act 2006 The Charities Act (Northern Ireland) 2008 The Charities SORP (FRS 102) Approved by the Board of Trustees on 14 November 2023 and signed on its behalf by: Conn Mulholland Trustee
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the finanaal year ended 31 March 2023 The trustees, who are also directors of Home-start Newry & Moume for the purposes of company law. are responsible for preparing the financial ststemenls in accordance wth applicable law and regulations. Company law requires the trustees as Ihe directors to prepa financial stalements for each financial year. Under Ihal law the tnjslees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepled Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the nel income or expenditure of the company for that period. In preparing these finanual statements, the trustees are required to= select suitable accounting policies and apply them consistently.. make judgements and estimates that are reasonable and prudent-, stale whether the financial statements have been prepared in accordan with the relevant financial reporting framework, identify Ihose standards. and note the effect and the reasons for any material deparlure from those standards., and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the company will continue in operation. The trustees confimi that they have complied with the above qUIrementS in preparing the financial statements. The Irustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy at any time the financial Position of the company and enable them to ensure that the financial statements comply with The Companies Act 2006. They are also responsible for safeguarding the assets of the company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 14 November 2023 and signed on its behalf by: Conn Mulholland Trustee
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF HOME-START NEWRY & MOURNE We have examined the financial statements of the company for the financial year ended 31 March 2023, which comprise the Statement of Financial Aclivities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. This report is made solely to the company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been underlaken so that we might compile the financial stalemenls thal we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to stale to Ihem in this report and for no olher purpose. To Ihe fullesl exlenl permitted by law, we do not accept or assume responsibility to anyone other Ihan the company and the company's members, as a body, for our work, or for this report. Respective responsibilities of trustees and examiner The company's truslees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006. The company's truslees consider that an audit is nol requi for this financial year under Chapter 3 of Parl 16 of the Companies Act 20( and that an independent examination is required. 11 is our responsibility to.. examine the financial statements under section 65 of the Charities Act Northern Ireland 2008., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act Northem Ireland 2008.. and stale whether particular matters have come to our atlention. Basis of independent examinerfs report We have examined your company financial ststements as required under section 65 of the Charilies Act and our examination was carried out in accordance wtth the general Directions given by the Charity Commission for Northem Ireland under section 65(91(b) of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disdosures in the financial statemenls and seeking explanalions from the trustees conceming any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whelher the accounts psent a'true and fairf view, and the report is limited lo those matters set out in the statement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect.. accounting records were not kept in accordance with sects'on 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial stalemenls have not been prepared in accordance with Ihe accounting requirements of section 396 of the Companies Act 201h and with the methods and principles of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent exarninerfs statement We 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 financial statements to be reached. Aidan Malone (FCA) Malone Accounting 12 Causeway Road Newcastle BT33 ODL Date: 14 November 2023
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure Account) for the finanual year ended 31 March 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Income Charitable activities - Grants from governments and other co-funders Other trading activities 58,469 297,807 356,276 47.336 274,076 321,412 52,120 52,120 47.138 47,138 Total income 110,589 297,807 408,396 94,474 274,076 368,550 Expenditure Raising fvnds Charitable activities 36.268 75,812 36.268 368,749 28,068 64.123 28,068 311,915 &2 292,937 247,792 Total Expenditure 112.080 292.937 405,017 92.191 247,792 339,983 Net incomel{expenditure) (1,491 4,870 3,379 2,283 26,284 28,567 Transfers beeen funds 4,474 (4,474) (13,021) 13,021 Net movement in funds for the financial year 2.983 396 3.379 {10,738) 39,305 28,567 Reconciliation of funds: Total funds beginning of the year 12 17.457 55.010 72.467 28.195 15,705 43,900 Total funds at the end of the year 20,440 55,406 75,846 17,457 55,010 72,467 The Statement of Finanal Activities indudes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 11 to 16 fom part of the finanual statements
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) Company Number: N1054546 STATEMENT OF FINANCIAL POSITION as at 31 March 2023 2023 2022 Current Assets Debtors Cash at bank and in hand 4.860 94.066 103,024 98.926 103.024 Creditors: Amounts falling due within one year 10 (23.080) (30.557) Net Current Assets 75,846 72,467 Total Assets less Current Liabilities 75,846 72,467 Funds Restricted trust funds General fund (unrestricted) 55.406 20,440 59,272 13,195 Totsl funds 12 75.846 72,467 These finanal statements have been prepared in accordan with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2023 the company was entitled to exemption from audit under seclion 477 of the Companies Act 201., and no notice has been deposited under section 476. The trustees confirm that the members have not required the company to obtain an audit of its financial ststements for the financial year in question in accordan with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statemenls which give a true and fair view of the slate of affairs of the company as al the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Acl 2006 relating lo financial slatemenls, so far as applicable to the company. Approved by the Board of Trustees and authorised for issue on 14 November 2023 and signed on its behalf by Conn Mulholland Trustee The notes on pages 11 to 16 fom part of the finanual statements 10
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the finanaal year ended 31 March 2023 GENERAL INFORMATION Home-start Newry & Mourne is a company limited by guarantee incorporated in Northern Ireland. The registered offiof the company is Ballybot House, 28 Commarket, Newry, BT35 8BG which is alsothe principal place of business of the company The financial ststements have been presented in Pound Sterling {£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistentty in dealing with items which are considered material in relation lo the charity's finanaal statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial slatemenls have been prepared in accordance with the Statement of Recommended practi (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102". As permitled by the Companies Act 2006. the company has varied the standard fomats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in Complian with section 4.7, 10.6 and 15.2 of that SORP. statement of compliance The financial statements of the company for the finanaal year ended 31 March 2023 have been prepared on the going COnM basis and in accordance with the Statement of Recommended Practice {SORP} "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Cash flow statement The company has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is dassified as a small company. Fund accounting The following are the categorises of funds maintained.. Restricted funds Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the company. Unrestricted funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the company. Designated fvnds comprise unrestricted fijnds that the board has. at its discretion. set aside for particular purposes. These designations have an administrative purpose onty, and do not legally restrict the board's discretion to apply the fund. Income Voluntary income or capital is induded in the Statement of Financial Activities when the company is legally enlitled to it, its financial value can be quantified with reasonable cerlainty and there is reasonable certainly of its ultimate receipt. Entitlement to legaaes is considered established when the company has been notified of a distribulion to be made by the execulors. Income received in advance of due performance under a conlract is accounted for as deferred income until eamed. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accrual's basis. Expenditure All resources expended are accounted for on an accrual's basis. Charttable activitie5 include costs of services and grants, support cosls and depreualion on related assets. Costs of generaling funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro- rala to the staffing of Ihe relevant service. Finan. HR, IT and administrative staff cosls are directly attributable to individual activities by objedive. Governance costs are those associated with constiiutional and statutory requiremenls. 11
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 March 2023 Debtors Debtors are recognised at the settlemenl amount due afler any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other ciFfunders. but not yet reiVed at year end, is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises cash on deposit at banks requiring less than three months, notice of withdrawal. Taxation No current or deferred taxation arises as the charity has been granted exemption by HM Revenue & Customs. Going concern The financial statements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The trustees have considered Ihe level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is suffiuent with the level of reserves for the chartty to be able to continue as a going concern. INCOME CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Grants from governments and other c< funders: Big Lottery Grant Sure Starl Kilkeel Sure-start Kilkeel Scheme Early Years Garfield Weston Foundation Nationwide Parent Infant Support Volant Department For Communities Clear Project Halifax You & Baby School Age ly Home-slart UK Newry, Mourne & Down District Council Hilltown 98,624 45.482 37.382 20,918 15.000 15,000 14.490 14,087 8,000 7,937 6,638 4,464 3,438 2,216 2,000 1,500 98,624 45.482 37.382 20,918 15.000 15,000 14.490 14,087 8.000 7,937 6,638 4.464 3,438 2.216 2,000 1.500 540 89,184 64,107 39,116 19,556 15,000 14,490 6,306 4,972 1,618 3,000 3,493 General Fund 58.469 91 58.560 47,336 Awards for All Co-operation Ireland CCG Baby IY MDT Parenting Partnership 8,600 2,377 1,000 904 353 58.469 297,807 356.276 321.412 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Charity Shop Income Fund Raising, gifts & donation 49.736 2,384 49.736 2,384 45,247 1,891 52.120 52.120 47,138 12
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 March 2023 EXPENDITURE RAISING FUNDS Direct Costs Other Costs Support Costs 2023 2022 Charity Shop Expenses 17.084 19.184 36.268 28,068 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Expenditure on charitable activities Governan Costs (Note 4.3) 326.340 1.017 41.392 367.732 1,017 310,767 1,148 327.357 41,392 368.749 311.915 GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2023 2022 Accountancy Fees 1.017 1,017 1,148 ANALYSIS OF SUPPORT COSTS 2023 2022 Rent Insuran General Office Costs 38.326 1.324 19.989 937 35,015 1,338 4,101 3,094 60,576 43,548 NET INCOME 2023 2022 Net Income is stated after chargingl(crediting): Independent Examinerfs remuneration.. independent examination ServIS 1,017 1,148 INVESTMENT AND OTHER INCOME 2023 2022 Bank interest 376 13
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 March 2023 EMPLOYEES AND REMUNERATION Number of ernployees The average number of persons employed during the financial year was as follows: 2023 Number 2022 Number Permanent 22 23 The staff costs comprtse.. 2023 2022 Wages and salaries Social security costs Pension costs 258.378 9,684 20.601 196.025 25,333 22,555 288,663 243.913 No employee reiVed emoluments greater than £60.000{2022-NIL). No trustee expenses have been incurred. DEBTORS 2023 2022 Debtors 4.860 10. CREDITORS Amounts falling due within one year 2023 2022 Bank overdrafts Trade creditors Accruals and deferred income 1.555 11,298 10.227 385 9,147 21,025 23,080 30,557 11. RESERVES 2023 2022 At the beginning of the year Surplus for the financial year 72.467 3,379 43,900 28,567 At the end of the year 75,846 72,467 12. 12.1 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestrrcted Restricted Funds Funds Total Funds At 1 April 2021 Movement during the financial year 28,195 {10,738) 15.705 39,305 43,900 28,567 At 31 March 2022 Movement during the financial year 17,457 2,983 55,010 72,467 3,379 At 31 March 2023 20,440 55,406 75,846 14
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 March 2023 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers between funds Balance 31 March 2023 Restricted funds Awards for All Baby IY MDT Big Lottery Clear Project Cook IT Co-operation Ireland Department for Communities Early Years Garfield Weston Foundalion Halifax Hilltown Home-start UK Kilkeel Scheme Kilkeel Sure Start Nationwide Neighbourly Fund Newry, Mourne & Down Distrid Council Parent Infant Support Parenting Partnership Portadown Parent Infant Support School Age ly Sure Start Volant You & Baby 1,667 904 30.481 2,333 904 83,683 6,723 (666) 98,624 6,638 91 45,422 85 {82) (879} {97) 879 7,937 15,OCrf) 15,O¢J) 4,464 540 2,000 20,918 37,382 14,49) 7,840 15,000 12,552 4,567 540 4,299 23,184 37,382 16.948 2.863 2.863 2,448 (103) 2,2g9 (2,266) 2,475 2,804 1,138 474 (2,475) 346 (1,138} 1,500 1,500 474 1.952 14,087 10,830 112 2,539 1,610 52,556 6,559 1,267 5,209 112 1,803 2,216 45,482 8,000 1,635 (736) 7,074 1.441 368 55.010 297.807 (292,937) (4,474) 55.406 Unrestricted funds General Charity Shop (39,932) 57.389 60,063 50,526 75,812 36,268 76,121 (71,647} 20,440 17.457 110.589 (112,080> 4.474 20.440 Total funds 72,467 408,396 405,017 75,846 12.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current liabilities Total Restricted Irust fvnds 4.860 11.031 15,891 Unrestricted general funds 92,511 (32.556) 59,955 97.371 {21,525) 75,846 15
Home-start Newry & Mourne IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 March 2023 13. STATUS The company is limited by guarantee not having a share capital. The liability of the members is lirnited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members. or within one year thereafler, for the paymenl of the debls and liabilities of the company contracted before they aSed to be members. and the costs, charges and expenses of winding up, and for the adjustmenl of the righls of the contributors among themselves. such amount as may be required, not exceeding £ 1. 14. POST-BALANCE SHEET EVENTS There have been no significant evenls affecting the Charity Sin Ihe finanaal year*nd. 15. RELATED PARTY There have been no related party transactions that require disdosure during the year. 16