HOME-START SOUTH AND 14 AST BELFAST FINANCIAL STATEMENTS FOR THE YEI AR ENDED 31ST IVIARCH 2024 { A COfvIPAP4Y LIfvIITED 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 EIAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR EI NDED 31ST MARCH 2024 CONTENTS Page Meinbei's and Professional Advisoi's Ti'iistees, Annual Repoi't (inclLiding tlie Stateinent of Trustees, Responsibilities in respect of financial statements) 2ato2e&Page3 Repoitt of the Independent Examiner to the Trustees Accounting Policies Statement of Financial Activities (incoi'poi'ating the income and expenditui'e account) Balance Sheet Notes to the Financial Statements 10-15
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 OFFICERS AND OTHER INFORMATION Directors Joanna McQuillan (Cliairyei'son) Eileen Anoliel (Tieasui'er) Rosemary Clarke Bi'eda Connolly (Resigned 6th Septembei 2024) Marion Khosravi Anne Linda Kirk Eelco Westerhiiis (Appoiiited 31 st July 2024) Company Secretary Eelco Westeihuis (Resigned 3 1st October 2023) Registered Office Unit 22 Connswater Shopping Centre Connswater Link Belfast BT5 5DL Independent Examiner O'Hara Sliearer Chartei'ed Accountants and Statutoiy Auditors 547 Falls Road Belfast, BTI 19AB Bankers Ulstei Bank Limited Connswater Branch a'ches Retail Park Belfast, BT5 4AF Company Registration Number N1020434 Charity Commission INoi'thern Ireland NIC 106093 Page I
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATIMENTS FOR THE YI4 AR EI NDED 31ST IARCH 2024 REPORT OF THE DIRECTORS The d ii'ectoi's pi'esent tlieii. i'epoit togethei. with the audited financial stateinents foi. the yeai. ended 31 st Marcli 2024. INCORPORATION The coinpaiiy was incorporated on the 5th May 1987. PRINCIPAL ACTIVITIES AND BUSINESS REVIEW Tlie pi'incipal activities of tlie organisation al'e to provide in South and East Belfast, suppoit in practical and einotional foi'ins, to parents of pi'e-scliool childi'en, wlio may be expei'iencing difficulties in tlieir t"ainily situation. The dii'ectoi's considei. tlie pei'formance of the company dLlI'iiig the period and its position at tlie yeai. end to be satisfactoi'y. RESULTS The loss of tlie company for tlie year ended 31 st Marcli 2024 was £1,394 and was all atti'ibuted to the principal activity. INDEPENDENT EXAMINERS The independent examinei., O'Hai'a Slieai'ei., Cliai'tei'ed Accoiintants & Statutoi'y Auditoi's have expi'essed tlieii. will ingness to continue in office and <7 resolLltion, will be pi'oposed at tlie Annual Genei'a Meeting in accoi'dance with Section 485 of the Coinpanies Act 2006. SMALL COMPANY EXEMPTIONS Tliis report has been pi'epai'ed in accoi'dance witli tlie special pi'ovisions foi. smal I coinpanies undei. Pai't 15 of the Coinpanies Act 2006. BY ORDER OF THE BOARD JOANNA MCQUILLAN CHAIRPERSON DATE: 20tlI Novembei. 2024 Page 2
HOME-START SOUTH AND EI AST BELFAST FINANCIAL STATEMEI NTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMEINT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Report and the financial stateinents in accordance with applicable law and regulations. Company Law requires the trustees to prepare financial statements for eacli financial year. Tlie Trustees, who are also directors for tlie purposes of company law, present their report and the financial statements of the charity for the year ended 31 st March 2024. Tlie TrLlStees confirm tliat they comply with tlie requirements of the Charities Act (Noithern Ireland) 2008 and AccoLinting and Reporting by Cliarities.. Statement of Recominended Practice whicli applies to charities preparing tlieir accounts in accordance with tlie Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Januaiy 2015). Under cotnpany 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 pol icies and tlien apply thein consistently; make judgements and estiinates that are reasonable and pi'udent. prepare the financial statements on the going concern basis unless it is inappropriate to presuine 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 tiine the financial position of the coinpany and enable tliem to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardin(F 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 information of which the coinpany'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 information and to establish that the independent examiner is aware of that information. By order of the board: -jo JOANNA MCQUILLAN DIRECTOR DATE 20th November 2024 Page 3
HOME-ST ART SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEI AR ENDED 31ST MARCH 2024 Independent Examinei s Repoi't to the Trustees of Home-start South and East Belfast I report on the accounts of tlie company for Ilie yeai- ended 31 st Mai'ch 2024 which ol'e set out on pages I to 15. Respective I'esponsibilities of ti'ustee5 and examinei. As the cliai'ity ti'ustees (and also the directors of the coinpany for the pui'poses of company law) you are responsible foi. tSie preparation of the accounts in a¢eoi'dance witl) Ilie requii'einenls of the Coimpanies Act 2006. Having satisfied Imyself tl)al the cliai'ity is not subject lo audit undei- coimpany law, and is eli(Fible for independent examination, it is my responsibility to.. examine the accounts under section 65 of the Chai'ities Act (Northern Ireland) 2008. follow the procedures laid down in the general Directions given by the Charity Commission for Nortlieim li'eland under section 65(9)(b} of the Charities A¢t; and state wheihei. paiticular matters have come to Iny attention. Basis of independent e¥llminer's repoi't have exaiiiined your charity account5 as required undei. section 65 of the Charities Act and my exainination was cari'ied oiit ii) accordance with tlie geiiei'al Directions given by Ilie Chai'ity Coimmission for Northei'n Ireland under section 65(9)(b) of the Chai-ities Act. The examination included a review of the accounting records kept by the charity and a coimparison of the accounts presented witli those record5. It also includes considei'ation of any unusual items or disclosuirs in tlie accounts, and seeking explanations fi'om you as charity trustees concerning any such mattel's. My i'ole is to state whether any matei'ial matters have coime lo my attention giving me cause to believe.. l. That accounting recoi'ds were not kept in accordance with section 386 of the Coinpanies Act 2006 2. That the accounts do not accord with those accounting records 3. That the a¢coiints do not comply with Ilie accounting requirements of section 396 of tlie Companies Act 2006 and witl) the methods and principles of tlie Charities Stateinent of Recominended Practice applicable to Charities pi'epai'ing their accounts in accoi'dance with the Financial Reporting Siandai'd applicable in the UK and Republic of Ireland 4. That there is further infoi'mation needed for a proper understanding of the accounts lo be reached. Independent examiner's statement I have coinpleled my examination and have no concerns in respect of the tnatters { l ) to (4) listed above and, in connection with following tlie Dii'ections of tlie Chai'ity Commission for Noithern li'eland, I have found no mattel's al require drawi to your attention. LAWRE CE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEAREK Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI I9AB Dated: 20th November 2024 Page 4
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting The financial statements have been prepai'ed under the histoi'ical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Chai'ities.. Statement of Recommended Practice applicable to charities pi'eparing theii. accounts in accoi'dance with the Financial Reporting Standard whicli applies in the UK and Republic of Ii'eland (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 Coinpanies Act 2006. Income Recognition Income is recognised when the Chai'ity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and tlie amount can be measured reliably. Interest Receivable Interest on funds held is included when receivable and the amount can be measured reliably. this is normally upon notification ofthe interest paid oi. payable by the Bank. Resources Expended All expenditure is accoiinted for on an accruals basis and is classified under lieadings that aggregate all costs related to the category. Fundraising costs inclLide the costs of advertising, producing publications, printing and tnailing fundraising matei'ial, and staff costs in these areas. Costs of charitable activities include direct expenditure incurred thi'ough operational activities. Governance costs represent the costs associated with tlie governance arrangeinents of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Fixed Assets All tangtble fixed assets are recorded at cost. Page 5
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMEI NT OF ACCOUNTING POLICIES Conliniieil Depreciation Depi'eciation is calculated to write off tlie cost of fixed assets over theii. estimated useful lives at the following rates: Office equipinent 250/0 Straight line Repairs and Renewals All i'epaii's and i-enewals al'e wi'itten off as incui'i'ed Pension Costs The chai'ity does cui'i'ently operate a pension sclieine. Tlie ainoiint recognised in income and expenditure as an expense in i'elation to defined conti'ibution plans was £3,017 (2023.. £4,533) Debtors and Prepayments Ti'ade debtors and other debtoi's are recognised at the settlement ainount due aftei. any discoiint offei'ed. Pi'epayinents are valued at the amoiint prepaid net of any ti'ade discounts due. Creditors and Provisions Creditoi's and provisions al'e recognised whei'e the cliarity has a present obligation resiilting from a past event that will pi'obably resiilt in tlie ti'ansfer of funds to a tliii'd paity and tlie ainoiint due to settle the obligation can be measiii'ed oi. estimated reliably. Ci'editors and provisioiis are normally recognised at their settleinent amount after allowing for any trade discounts due. Financial Instruments Tlie Chai'ity only has financial assets and financial liabilities of a kind that qualify as basic financial insti'uments. Basic financial insti'uinents al'e initially recognised at transaction valiie and subsequently measui'ed at theii. settleinent value with the exception of bank loans whicli al'e subsequently measured at amoitised cost using the effective intei'est method. Foreign Currencies Monetary assets and liabilities in foi'eign currencies are translated into stei'ling at the rates of exchange rilling at the balance sheet date. Transactions in foreign cui'rencies are translated into stei'ling at tlie rate of exchange I'uling at the date of tlie transaction. Exchange differences are taken into account in arriving at the net moveinent in funds. Page 6
HOME-START SOUTH AND EAST BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF ACCOUNTING POLICIES Coiitiiiiiecl Fund Accounting Unresti'icted fLinds al'e genei'al fuiids that are available for use at the Trustees, discretion in furtherance of the objectives of tlie cliarity. Designated fiinds are unrestricted fliiids set aside by the ti'ustees oiit of iinrestricted fLiiids foi. specific flltui'e puiyoses. Resti'icted funds al'e tliose given for use in a particular area or for specific pui'poses, tlie use of whicl) is restricted to that ai'ea oi. pui'pose. The incoine i'eceived froin fiindei's depends on the cl)arity meeting detailed ci'iteria on expenses plans. Gi'ants giveii Liiider Slicli conditioiis are also given subject to tliem being obtained for iii connection with the furtherance of the harity's aiims aiid objectives. Siich income can be i'epayable to the fundei. if such expeiises plans and criteria al'e iiot met. Slich incoine is only deferred wl)en the donor specifies that the grant/donation rnust oiily be used in future accounting periods. or tlie donor has imposed coiiditions whicli must be inet befoiE tlie cliai'ity has uncoiiditioiial entitlement. Income froin chai'itable activities incliides incoine i'eceived Linder contract or whei'e eiititleinent to gi'aiit funding is subject to specific perforinance coiiditioiis is I'ecognised as eari)ed as tlie I'elated goodslservices are pi'ovided. Gratit incoine inclLided iii tliis category pi'ovides fiiiiding to SLlPPOIt pei'foi-mance activities and is recogiiised where tliere is entitlement, certainty of irceipt and the amoiiiit can be measui'ed with sufficient reliability. Income is deferred when.. fees/pei'foi'manc¢ related grants are received in advance of tlie perforinance/event to which they relate. Reserves Policy Uni'esti'icted fLiiids are needed to provide funds which cali be applied to specific projects to enable tliese pi'ojects to be Lindertaken at sliort notice and to covei. the running costs of the Cliarity foi. a limited period, sliould tliere be a significant sl)ortfall iii projected income. Page 7
HOIllF-.ST,IR-r SOilTH AIND CAST IIELfAST ST,K'I'E)I Ir.Ni T or r4 IN.4INCI.11. ACTIV'ITIES thL inenmc and e IOR-IHE I'EAR E4NI'DED 31ST INI,KRCH 2024 enditiire gcc(Junt Llnre511'icted Resti'ieted Endolvnment TOT AL TOT.IL Funds Fiinds 2024 2V23 INCOITrlE AND ENI DOIVNI Il,IENTS FROINI: Doncltion5 and legtteies Iiiconie li'oni ii)vesliiients 1iicoiii¢ li'om cliai'itable activities Income froin oilier ti'ading activities 69 35,736 7.702 69 37,586 7,702 80 62.()80 5.784 1,850 TOTAL IINCOIlll.4IND Ei Ni DOIVNNIINTS 43,507 45,J57 EXPEI Ni DITIIRE ON: E.¥p¢nditiire on nising funds Eypenditiire on cliaritable activities Otliei. eipenditiir¢ Net gainslllosse5} on investin¢nts 44,901 1.850 46,751 74.707 TOT.4L RESOLIRCES C4 XPCINDED 44,901 1,850 46,751 74.707 NET IIYCOfvIEI{E,XPEINDITURE) 11,3941 IlJ94) {6,163) Transf¢rs betiveen fui)ds NET IllOVEIl.ICNI T INI FUNDS (1,394) 16,163) RECON'CILIATIONI 01 FUNDS TOTAL fuNDS BROUGFIT foRNV.4RD 6,962 6,962 13,125 Pi'ior Year Adjustment 15 4,000 4.000 TOT.4L fuNDS CARRIEI D foRIVARD 9,568 9,568 6,962 The St#tem¢nt of f4 inancinl ActivitlLS includes :Ill g.iins IDs5es in tlie yedf nd tlierefoi'e a Stdltement of Total IILLognised Gdins an(1 Lof%e5 1i.ls not been pi'ep:Ired All of the above imounts relAte to eontilluiNg aetivitie. Thc #e¢omi)iiiiying &CCDILllting i)olicics Ilie nole% forllj p#rt oftbeso fin&ii¢i#l staiements Pllge 8
HOME-START SOUTH AND EAST BELFAST BALANCE SHEET AS AT 31ST TrIARCH 2024 2024 2023 NOTES FIXED ASSETS Tangible assets CURRENT ASSETS Debtors and prepayments Cash at bank Cash on deposit Casli iii hand 10 385 1,498 10,898 27 385 4,053 11,295 41 12,808 l5,774 Creditors: amounts falling due within one year (3,241) (8,813) NET CUR1 NT ASSETSI(LIABILITIES) 9,567 6,961 TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES ) 9,568 6,962 Creditors: amounts falling due after more than one year NET ASSEI TS/(LIABILITIES) 9,568 6,962 FUIYDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 13 9,568 6,962 RESTRICTED INCOME FUNDS 14 9,568 6,962 These financial statements wei'e approved by the Trustees on 20th November 2024 and al'e signed on their behalf by: JOANNA MCQUILLAN DIREI CTOR DATE 20th November 2024 The 4ccompllnying 1lCCOUliting policies and notes form part of these financial statements Page 9
HOIWII_START SOUTH AND EAST BCI LfiAST NOTES TO THE FINANCIAL STATEIIIENTS FOR THE YEAR ENDED 31ST fvIARCH 2024 I. DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds 2024 2023 Donations Lcgacies 2. INCOfvIE FROiWI INVESTMENTS Unre5tricled Restricted Fuiid5 Unrestricted Restri¢ted Funds Funds 2024 2023 Income froin UK listed investments Income Irom cash 69 69 80 80 69 69 80 80 J. INCOIVIE FROfvI CHARITABLE ACTIVITIES Unrestricted Restricted Fuiid5 Funds Unrestrieted Restrieted Funds Funds 2024 2023 Bcltasl Health & Social Cair Trust Sure Stait Bauer Media 35.736 35.736 34.525 28,155 34,525 28,155 1,850 1.850 Less= Deterred Income 35.736 1.850 37.586 62.680 62.680 4. INcolE FROfvI OTHER TRADif4lG ACTIVITIES Unre5tricled Restricted Funds Funds Unrestricted Restricted Funds Fund5 2024 2023 Fundraising 7.702 7,702 5,784 5,784 7,702 7.702 5,784 5,784 Page 10
HOE-sTART SOUTH AND EAST BELFAST NOTES TO THI FINANCIAL STATEIENTs FOR THE Tr'EAR ENDED 31ST fvIARCH 2024 5. EXPENDITURE Ot41 RAISING FUNDS Unrestricted Restricted Fund5 Funds Unrestricted Restricted Funds Funds 2024 2023 Promotional und fundraising costs 6. EXPENDITURE ON CHARtTABLE ACTIVITIES Unrestrieted Restricted Funds Fund5 Unrestricted Restrieted Funds Funds 2024 2023 Wages and salaries (See Note 81 Socicil security costs (See Note 8) Rcpairs and otTILe maintenance Pi'inting, postage and slalioi)cry Staffiravel & subsistence Volunteer I'ecruitmenl, training and expenses Cash for kids Losts Sundry cxpenses 37,708 37,708 56,657 1.700 129 574 13 33 56,657 1,700 129 574 13 33 385 55 385 55 1,850 1,850 37 37 39,285 1,850 41,135 59,143 S9,143 Support Costs I1nd Governince costs SiatTand committec training Telephone and internet Rent, rates and scrvice charges Insurance Independent exaininers remuneration Lcgal and pi'of¢ssional fees Bank interest and chorges Depreciation 226 2.469 759 990 1,172 226 2,469 759 990 1,172 763 9.983 553 960 3,057 27 221 763 9,983 553 960 3,057 27 221 5,616 5,616 15,564 15,564 TOTAL XPENDITURE ON CHARITABLE ACTIVITIES 44,901 1,8SO 46.751 74,707 74.707 Page 11
HOME-START SOUTH AND EAST BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEIAR ENDED 31ST MARCH 2024 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after chargingl(crediting} 2024 2023 Indepeiident examinei's remiineration Depreciation 990 960 221 8. SALARY COSTS AND EMOLUMENTS 2024 2023 Total staff costs were as follows: Wages and salaries - key Inanagement personnel Wages and salaries - other staff Staff pension costs - key inanagement personnel Staff pension costs otlier staff Employer social security costs - key management personnel Einployei. social security costs otlier staff Employer social secui'ity costs - Einployment Allowance 8,103 29,605 243 888 421 2,193 2,614) 22,724 33,933 682 1,018 2,005 2,273 (4,278) 38,839 58,357 The average monthly niimbei. of einployees dui'ing the year was as follows: 2024 Number 2023 Nutnber No employees had emolLiments in excess of £60,000 (2023: £Nil) Trustees, remuneration and benefits There was no ti'ustees, reinunei'ation or othei. benefits for tlie year ended 3 Ist March 2024. (2023: £Nil) Trustees, Expenses There were no ti'ustees, expenses paid for the year ended 3 1st Marcli 2024. (2023: £Nil) Page 12
HOME-START SOUTH AND EAST BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EfsDED 31ST MARCH 2024 9. TANGIBLE FIXED ASSETS Office Equipment Total COST As at 1st Api'il 2023 3,639 3,639 Additions Disposals As at 3 1st March 2024 3,639 3,639 DEPRECIATIOIN As at 1st April 2023 3,638 3,638 Charge for year Eliminated on disposal As at 31 st March 2024 3,638 3,638 Net book value 2024 Net book value 2023 Page 13
HOME-START SOUTH AND EAST BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Debtors Prepayments 385 385 385 385 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts Social security costs and otlier taxes Accrued expenses Defei'red iiicoine (See Note l O) 2,287 954 1,607 7,206 3,241 8,813 12. MOVEMENT IN FUNDS Opening Net Movement Balance in Funds Prior Year Adjustment 2024 2023 Unrestricted Income Funds General fund 6,962 (1,394) 4,000 9,568 13,125 6,962 (1,394) 4,000 9,568 13,125 Opening Net Movement Balance in Funds Prior Year Adjustlnent 2024 2023 Restricted Income Funds Genei'al fund Page 14
HOME-START SOUTH AND EAST BEI LFAST NOTES TO THE FINANCIAL STATEMEI NTS FOR THE YEAR ENDED 31ST MARCH 2024 13, UNRESTRICTED INCOME FUNDS 2024 2023 Balance at I st April 2023 6,962 13,125 Incoming resources for the year Resoiii'ces expended foi. the year Transfei's between fiinds Pi'ior Yeai. Adj ustment 43,507 68,544 (44,901) (74,707) 4,000 Balance at 31 st March 2024 9,568 6,962 14. RESTRICTED INCOME FUNDS 2024 2023 Balance at 1st April 2023 Incoming resources for the year Resources expended foi. the year Ti'ansfei's between funds Pi'ior Year Adjustment 1,850 (1,850) Balance at 3 1st Mai'ch 2024 15. PRIOR YEAR ADJUSTMENT This relates to the writing off of a rent payable provision that is no longer applicable. 16. LEGAL STATUS Hoine-stai't South and East Belfast is a Company Limited by Guarantee. Each meinber lias agi'eed to contribute £1 in the event of a compulsory winding LIP. Home-start South and East Belfast is a recognised Charity within the definition of Section 360(3) Income and Coi'poration Taxes Act I970 by the Commissioners of the Inland Revenue. Home-start Soutli and East Belfast is a Charity I'egistered with The Chai'ity Commission for Northern Ireland Charity Number 106103. Date of Registration 20th January 2017. Page 15