HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST IVIARCH 2023 ( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1020434 CHARITY REGISTRATION NUMBER NIC 106093 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 CONTENTS Page Members and Professional Advisors Trustees, Annual Report (including the Statement of Trustees, Responsibilities in respect of financial statements) 2ato2e&Page3 Report of the Independent Exatniner to the Trustees Accounting Policies Statement of Financial Activities (incorporating the income and expenditure account) Balance Sheet Notes to the Financial Statements 10-15
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 OFFICERS AND OTHER INFORMATION Directors Joanna McQuillan (Chairperson) Eileen Anghel Rosemary Clarke Breda Connolly Patrick Donelly Marion I(hosravi Joanna McQuillan Anne Linda Kirk Secretary Eelco Westerhuis Registered Office 140 Albertbidge Road Belfast BT5 4GS Independent Examiner O'Hara Shearer Chartered Accountants and Statutory Auditors 547 Falls Road Belfast. BTI19AB Ballkers Ulster Bank Limited Connswater Branch Arches Retail Park Belfast, B T5 4AF Company Registration Number Nt 020434 Charity Commission Northern Ireland NIC 106093 Page I
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE DIRECTORS The directors present their report together with the audited financial statements for the year ended 3 1st March 2023. INCORPORATION The company was incorporated on the 5th May 1987. PRINCIPAL ACTIVITIES AND BUSINESS REVIEW The principal activities of the organisation are to provide in South and East BelfasL SUPPOrt in practical and emotional fomis, to parents of pre-school children, who may be experiencing difficulties in their family situation. The directors consider the perforniance of the company during the period and its position at the year end to be satisfactory. RESULTS The loss of the company for the year ended 31 st March 2023 was £6,163 and was all attributed to the principal activity. INDEPENDENT EXAMINERS The independent examiner, O'Hara Shearer, Chartered Accountants & Statutory Auditors have expressed their willingness to continue in office and a resolution, will be proposed at the Annual Genera. Meeting in accordance with Section 485 of the Companies Act 2006. SMALL COMPANY EXEMPTIONS This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. BY ORDER OF THE BOARD EILEEN ANGHEL CHAIRPERSON DATE: 19th January 2024 Page 2
HOME-START SOUTH AND EAST BELFAST FrfANcIAL STATEMENTS FOR THE YEAR EfiDED 31ST MARCH 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations. Company Law requires the trustees to prepare financial statements for each financial year. The Trustees, who are also directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 st March 2023. The Trustees confirm that they comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities: Statement of Recommended Practice which applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). Under company law the directors 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 surplus or deficit of the company for that period. In preparing those financial statements, the directors are required to: select suitable accounting policies and then apply them consistently" make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the directors are aware: there is no relevant infomiation of which the company's independent examiner is unaware. and the directors have taken all steps that they ought to have taken to make themselves aware of any relevant infomiation and to establish that the independent examiner is aware of that infomiation. By order of the board: JOANNA MCQUILLAN DIRECTOR DATE 19th January 2024 Page 3
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 Independent Examiner's Report to the Trustees of Home-start South and East Belfast I report on the accounts of the company for the year ended 31 st March 2023 which are set out on pages I to 15. Respective responsibilities of truste¢s and examiner As the charity tmstees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance wilh the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and ts eligible for independent examination, it is my responsibility to- examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008: follow the procedures laid down in the generdl Directions given by the Charity Commission for Northem Ireland under section 65(9Xb) of the Charities Act. and state whether particular matters have come to my attention. Basis of independent examiner'5 report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the genernl Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with ihose records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity trustees conceming any such matters. My role is to state whether any material matters have come to my atlenlion giving me cause to believe: l. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not a¢¢ord with those accounting records 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rep)rting Siandard applicable in the UK and Republic of Ireland 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have compleled my examination and have no concerns in respect of the matters (l ) to (4) listed above and, in connection wilh following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEAREtL Statutory Audilor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI19AB Dated: 19th January 2024 Page 4
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENf OF ACCOUNTING POLICIES Accounting Convention and Basis of Aceountillg The financial statements have been prepared under the historical cost convention. 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 which applies in the UK and Republic of Ireland (FRS 102) (effective l 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. Income Recognition Income is recognised when the Charity has entitlement to the funds, any perforniance conditions attached to the item(s) of income have been meL it is probable that the income will be received and the amount can be measured reliably. Interest Receivable Interest on funds held is included when receivable and the amount can be measured reliably; this is nonnally upon notification of the interest paid or payable by the Bank. Resources Expended All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all costs related to the category. Fundraising costs include the costs of advertising, producing publications, printing and mailing fundraising material, and stsff costs in these areas. Costs of charitable activities include direct expenditure incurred through operational activities. Govemance costs represent the costs associated with the governance arrangements of the charity which relate to the genernl running of the charity as opposed to those costs associated with fundraising or charitable activity. Fixed Assets All tangible fixed assets are recorded at cost. Page 5
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Conlinued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rates: Office equipment 250/0 straight line Repairs and Renewals All repairs and renewals are written off as incurred Pension Costs The charity does currently operate a pension scheme. The amount recognised in income and expenditure as an expense in relation to defined contribution plans was £4,533 (2022: £4,466) Debtors and Prepayments Trade debtors and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and Provisions 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 nornially recognised at their settlement amount after allowing for any trade discounts due. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic fInancial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective inter¢st method. Foreign Currencies Monetary assets and liabilities in foreign CUencieS are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds. Page 6
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMEIYT OF ACCOUNTING POLICIES Conlinued Fund Aeeounting Unrestricted funds are general funds that are available for use at the TnJ5tees' discretion in furtherance of the objectives of the charity. DesignaÉed funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific futur¢ purposes. Restricted funds are those given for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. The income received from funders depends on the charity meeting detailed criteria on expenses plans. Grants given under such conditions are also giv¢n subject to them being obtained for in Connection with the furtherance of the charity's aims and objectives. Such income can be repayable to the funder if such expenses plans and criteria are not met. Such income is only deferred when the donor specifies that the grant/donation must only be used in future accounting periods; or the donor has Imposed conditions which must be met before the charity has unconditional entitlement. Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific perfomiance conditions is recogni5ed as earned as the related goodslservices are provided. Grant income included in this category provides funding to support perfonnance activities and is recognised where there is entitlemenL certainty of receipt and the alnount can be measured with sutTicient reliability. Income is deferred when: fees/perfomiance related grants are received in advance of the perforniance/event to which they relate. Reserves Policy Unrestricted funds are needed to provide funds which can be applied to specific projects to enable these projects to be undertaken at short notice and to cover the running costs of the Charity for a limited period, should ther¢ be a significant shortfall in projected income. Page 7
HolE-sTART SOLTH AND E.4ST BELFAST STATEIIEprf OF FIN.4NCI.4L .4crii'iTIES the income and ex FOR THE I"E.4R E.NDED 31ST.NIARCH 2023 ineo orAtin endi(re gceount UDrt5trieted Restricted ERdownment TOTAL TOTAL Funds Funds FuThd$ 2023 2022 NOTES INCOlE AND ENDOWNI¥IENTS FROM: Donations and legacies Income from investTnents Income from charitable activities Income from other trnding aciivifies 80 62.680 5.784 80 62.680 5,784 72,539 TOTAL INCOME ANI D ENDoWNMEPs 68,544 76,642 EXPENDITURE ON: Expenditure on raising funds Expenditure on charitable activities Other expenditure Net gains1{losses) on investments 74,707 74,707 75.259 TOTAL RESOURCES EXPENDED 74.707 74.707 75,259 NET INCOlEI(EXPENDITURE) (6,163) (6,163) 1,383 Trill]sfers b¢twe¢n funds NET MOVEMENT IN FUNDS (6,16J) (6,163) iJ83 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORIVARD 13.125 13,125 11,742 TOTAL FUNDS CARRIED FORWARD 6,962 6,962 13,125 Th¢ Statement of Financial Activities ineludes all gains and losses in the yur and therefo a Staternenl of Total Recogni5ed Gaitss and L055es ha5 Dot been prepared All ofthe above amouDts relate ¢0 continuing activities TILe accompDyiDg c¢oMlltlDg lI¢jeS and the #otes form part of thtst fillaDcil sta*ments Page 8
HOME-START SOUTH AND EAST BELFAST BALANCE SHEET AS AT 31ST MARCH 2023 2023 2022 NOTES FIXED ASSETS Tangible assets 222 CURRENT ASSETS Debtors and prepayments Cash at bank Cash on deposit Cash in hand 10 385 4,053 11,295 41 178 378 21,499 41 15,774 22,096 Creditors: amounts falling due within one year (8,813) (9,193) NET CURRENT ASSETSI(LIABILITIES) 6,961 12,903 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES ) 6,962 13,125 Creditors: amounts falling due after more than one year NET ASSETSI(LIABILITIES) 6,962 13,125 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 13 6,962 13,125 RESTRICTED INCOME FUNDS 14 6,962 13,125 These financial statements were approved by the Trustees on 19th January 2024 and are signed on their behalf by: JOANNA MCQUILLAN DIRECTOR DATE 19th Janua 2024 The aceompanying 4ccounting policies And notes form part of these financial statements Page 9
HOME-START SOUTH AND EAST BELFAST NOTES TO THE FINANCIAL STA TEMENTS FOR THE I'EAR Ef4DED 31ST MARCH 2023 I. DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Unrestricted Re$tri¢ted Funds Fund5 2023 2022 Donations Legacies 2. INCOME FROM INVESTMENTS Unrestricted Restrieted Funds Funds Unrestricted Restricted Funds Funds 2023 2022 Income from UK listed investments Income from cash 80 80 80 80 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted RestTlCted Funds Funds Unrestrieted Restricted Fund5 Fund5 2023 2022 Belfast Health & Social Care Trust Sure Start Ulster Community Foundation tside Partnership 34.525 28,155 34,525 28.155 33.112 29,544 8,533 1,350 33,112 29,544 8,533 1,350 Less.. Deferred Income 62.680 62.680 72,539 72,539 4. INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds 2023 2022 Fundraising 5,784 5.784 4,102 4,102 5,784 5,784 4.102 4,102 Page 10
HOIIIE-START SOUTH AP4D EAST BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 S. EXPENDITURE ON RAISING FUNDS Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds 2023 2022 Promotional and fundrdising costs 6. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Restricted Fllllds Fllnds Unrestricted Restricted Funds Funds 2023 2022 Wage5 and salaries (See Nol¢ 8) Social security Costs (Sce Note 8) Repairs and office maintenance Printing. postage and stationery Staff travel & subsisten¢¢ Volunteer rccruittnent, training and expenses LFT charitable trust costs Healthy eating costs Cash for kids costs Sundry expenses 56,657 I.7) 129 574 13 33 56.657 ,700 129 574 13 33 55,810 1.714 120 269 454 55.810 1,714 120 269 454 2,278 1,201 2,278 1,292 91 37 37 53 53 59,143 59.143 $8511 3,479 61,990 Support Costs and Governee costs Staff and cotntnittce training Telephone and inlemel Rent, rates and Service charges Insurance Independent examincrs rcmuneration Lcgal and professional fees Bank interest and charges Dcpreciation 763 9.983 553 960 3,057 27 221 763 9,983 553 960 3,057 27 221 739 10.043 887 954 739 10.043 887 954 62 584 62 584 15,564 15364 13,269 13,269 TOTAL EXPENDITURE ON CHAIUTABLE ACTIVITIES 74,707 74,707 71,780 3,479 75,259 Pagell
HOME-START SOUTH AND EAST BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after chargingl(crediting) 2023 2022 Independent examiners remuneration Depreciation 960 221 954 584 8. SALARY COSTS AND EMOLUMENTS 2023 2022 Total staff Costs were as follows". Wages and salaries - key management personnel Wages and salaries - other staff Staff pension costs - key management personnel Staff pension costs - other staff Employer social security costs - key management personnel Employer social security costs - other staff Employer social security costs - Employment Allowance 22,724 33,933 682 1,018 2,005 2,273 (4,278) 27,437 28,373 824 851 2,566 1,473 (4,000) 58,357 57,524 The average monthly number of employees during the year was as follows: 2023 Number 2022 Number No employees had emoluments in excess of £60,000 (2022: £Nil} Trustees, remuneration and benefits There was no trustees, remuneration or other benefits for the year ended 31 st March 2023. (2022: £Nil) Trustees, Expenses There were no trustees, expenses paid for the year ended 31 st March 2023. (2022: £Nil) Page 12
HOME-START SOUTH AND EAST BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 9. TANGIBLE FIXED ASSETS Office Equipment Total COST As at 1st April 2022 3.639 3,639 Additions Disposals As at 31 st March 2023 3,639 3,639 DEPRECIATION As at I st April 2022 3,417 3,417 Charge for year Eliminated on disposal 221 221 As at 3 1st March 2023 3,638 3,638 Net book value 2023 Net book value 2022 222 222 Page 13
HOME-START SOUTH AND EAST BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors Prepayments 385 178 385 178 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank loans and overdrafts Social security costs and other taxes Accrued expenses Deferrcd income (See Note l O) 1,607 7,206 1,268 7,925 8,813 9,193 12. MOVEMENT IN FUNDS Opening Net Movement Balance in Funds 2023 2022 Unrestricted Income Funds General fund 13,125 (6,163) 6,962 13,125 13,125 (6,163) 6,962 13,125 Opening Net Movement Balance in Funds 2023 2022 Restricted Income Funds General fund Page 14
HOME-START SOUTH AND EAST BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 13. UNRESTRICTED INCOME FUNDS 2023 2022 Balance at I st April 2022 13.125 8,263 Incoming resources for the year Resources expended for the year Transfers between funds 68,544 76,642 (74.707) (71,780) Balance at 31 st March 2023 6,962 13,125 14. RESTRICTED INCOME FUNDS 2023 2022 Balance at I st April 2022 3,479 Incoming resources for the year Resources expended for the year Transfers between funds (3,479) Balance at 31 st March 2023 15. LEGAL STATUS Home-start South and East Belfast is a Company Limited by Guarantee. Each member has agreed to contribute £1 in the event of a compulsory winding up. Home-start South and East Belfast is a recognised Charity within the definition of Section 360(3) Income and Corporation Taxes Act 1970 by the Commissioners of the Inland Revenue. Home-start South and East Belfast is a Charity registered with The Charity Commission for Northern Ireland Charlty Number 106103. Date of Registration 20th January 2017. Page 15