((ffipany P40. N1022755 31 Marth 2
Pz8es Trustee5' Annual Report Independent Examiner's ReF4Xt Staternent of Finala1 ACtItieS 2to3 Summary Income and &pendrture Acc(MJnt Balance Sheet Statement of Cash fflows Notes to the Actounts 9t016 Detsiled stat)ent of Finar*ial Aciivities 17to19 Pa8e I
HOME.START NORTH tM)WN Trustees Annual Rewt HOME.5fART NORTH DOWN The tnjstees, who are also dtrettors ofthe charty for thè puryw)ses of the Companie5 Art 2(K6. present their report with the unaudited financial statement5 of the thanty for the year ended 31 March 2023. REFERENCE AI40 ADMIN15fRATIVE I>EfAILS Conp•ny No. N1022755 Charty No. N1106098 Registered Ollke 4 8in8ham Street Bangor BT20 50W Dlre¢tots and Tnkslees The Directors of the charitable company are its Trustees for the pvrposes of chanty law. The following Dirertors and Trustee5 Served during the yea1= C. Ballantyne J. Carson (Resigned 3 Ociober 20221 C. Getty J. MacArthur C. Millar J. Rice Mccaw OBoWe Accounting & Tax Ltd 4 Bingham stre 8an8or 8T20 5DW Bankers Danske Bank PO Box 183 Lk)ne8all Squafe West Belfast BT416JS ACHIEVEMEpif5 AIID PERFORMAPKE A large chartty must review its tharitsble arti¥ities undertaken, eXpInIng perfrmmance athieved a8ain5t objectives set A large charity must include an explanation when m3twial fvndréin8 actNibes are undertaken. details of the performance athie¥ed againrt fundraisi objectives set Page 2
Trnstees Annu•l Repr A lae charity must piowde an explanation when rnaterk41 Investnts are held. detsils of investment performance athieved against objectNes set... A large charity mum kxovide an explanatTh of any material eXpendire Lxturred to raise income in the fvtuie A large charity must PrOde comrrntsry on those significant sItiVe and rgatIVe f10T5 within aThJ outside the dwrity's control thKh are relevant to the achievement of its objective5 PLANS FOR FunJRE PER1005 A large charity mvst prode a summary ofthe charWs piansfor thÈ fuDJre includin8 its aims ènd objeclive5 and detsi15 of any plans to athieve them... A large charlty's report should ewain the trustees perspectfft ofthe future direCtiL of the tharity... The Trustees a resnble for keeping pfoper accounting records that disclose wtth 3$onable accuracy at any time the financbal posttion of the charity and to enable them to ensure that the financial staternents cornply with the Companies Act 21M)6. The Truyees are also Te5PDn5ible for safeguarding the assets of the charity and heFKe reasonabbe steps for prevention aThJ detection of fraud and other irregularities. The abo¥e report has been prepared in accordarKe with the wovisions appjicable to companie5 Subject to the srnall companies wime as set out tn Part 15 of the Companies Art 2(K and in accordance wr(h the Charities SORP IFRS 1021. Signed on behallofthe board J. MacArthur Trustee 27 November 2023 Page 3
HOME.5fART NORTH I)OWh7 I report to the charity trustees on my examination of the financ4al statements of HOM£.sfART NORTh DOWN for the year ended 31 March 2023 which comprise the Statement of Financial Actwities. the Summèry Income and Expeftditu Accounc the Ba13nsheet. the Statement of Cash Flow5 and the related notes. As the trustees of the charrty land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Compan$ Act 21 Ilhe 2(XJ6 Act. Having satisfied myself that the financial statements of the tharityare rM)t required to beaudited under Part 16 of the 2( ALt alld are eli8ible for independent examrnation. I report in respect of my e¥amioatiM of yotsr charity's finanoal statements as carried out under section 145 of the Charities Att 2011 Ilhe 2011 Att'l. In carrying out myexamrnation I have followed the Directions gNen by the Chartty Cornmission under Section 14515llbl of the 2011 kn. I have completed my examinat. I can confinn that rnaterial matters have CO to my attention in connettion wtth the examination 8ivrng Me cause to believe that.. • accounting records were not kept In accordance wrth section 386 of the 21X6Act: or the financial statements do not accord with those records.. or the finanoal Statements do not comply with the aCCting requiretWts undersection 396 of the 2¢ Act other than any requirement that the ffnanaal statements give a and faie view whKh ts n¢X a matter considered as part of an independent examination.. or • the financial statements have not been prTed in actofdance with the Chariiies SORP IFRS 1021. I have no conoms and have come across no other matters in connection the examination to which attention should be drawn in thi5 rert in order to enaPAe a proper w)derstanding of the financial staternents to be reached. Gerry O'Boyle CIMA OBoyle Accounting & Tax Ltd 4 8ingham Street 8an8or 8T20 5DW 27 November 2023 Pa8e 4
HOME.START NORTH DOWN fortht yeartnded 31 Marth 2023 fund5 2023 fvnd5 Total fvnd5 Totsl funds from.. Donations aftd legaoes Charitable acttvities Other trading att0*tS Other 7.377 7.377 104.805 199 3.450 3,55S 97.%15 104.805 199 3.450 T¢)tal 7.576 108.255 115.831 101.466 Expenthre on: Rar5in8 funds Charitable attF¥itses Other 2.031 8.431 93.525 2.031 12.248 121.883 2.928 .314 69,824 3.817 28,358 io Totsl 32.175 103.987 136.162 81,066 Net gatns on Investments Net leMpendtture)fintome Transfers between funds Net lexpenditurelllncome before other 8ains1110s5es} Olhergakns and losses 124.5991 4.268 120,3311 20.4C 124.5991 4.268 120,3311 20.4LI) 124.5991 4.268 120331) 20.4 Reron¢iliatlon of fvnd5'. Total funds brought forward rotal funds orried lorward 105.695 {26.3481 79.347 $8,947 81.096 122.0801 59.016 79.347 Pz8e 5
HOME-START NORTH DOWN Summary Income and Exlture Account IncL 115.831 1.466 I.831 ExpeThJiture 101,466 6.162 125.465 Depreciion and char8e5 f impairment of Ilxed assets 144,3991 Total expendfture for the year Net lexpendirurelfincome before tax forthe year 136.162 81,066 120.3311 20.4 P4et lexpewKl•tur tht year 120.3311 20.4 Page 6
HOME.START NORTH DOWN at 31 Marth 2023 Ctynpany No. NK122755 Debtors Cash at bank and in hand 7.125 61,224 68,349 19,3331 59.016 93, 93.C64 113.7171 79.347 Creditors: Amount falling due 7*rithin onè year r4et current a55ets 13 Totsl a55ets kss ¢urreTrt Ilabllilie5 59.016 79,347 Plet assets excludhy penslon •$5et or liablllty 59.016 79.347 59.016 79.347 14 Restricted income funds 122,0801 {22.01) 126.3481 126.3481 Unrestrlcted lunts General fund5 14 81.(V36 105.695 81.crJ6 105.695 14 Total fw 59,016 79.347 These accounts have been prepared in accordance with the special prv4isions of Part 15 ofthe Companies Act 2( relating to small companies. Forthe yearended 31 March 2023 the company was entitled to exemption Under section 477 of the Companies Act 2CQ6 relating to small companies. The members have not required the cornpany to obtain an alit in accordan with section 476 of Companies Act 2c. The di¥ertors atknowledge their reskTh5ibilities forcomplying with the requirements of the Companies Att 2Ck)6 with lect to acctNJntin8 record5 and the preparation of accounts. Approved by the board on 27 N(Yrnber 2023 And sned on its behalf bv: J. MatArthur (LdtLIJ Trustee 27 November 2023 Pa8e 7
HOME.START NORTh DOVIN Ststement ofcash flows lor the year ended 31 March 2023 120.3311 Adjustffiits for. Profft on disposal of tangtble fixed assets HMRC SMP Reclaimed Other 8ains/f05ses IlncreasellDecrease in trade and other receiwdbles IDease)nase in tr and other payables 144.3991 13,4501 17,1251 14.3841 6.945 7.599 I35.2> 19.4S51 Cash Ilows from INT$tnI •rti¥ib HMRC SMP Reclaimed 3.4SO 3.4SO 63.099 Net cash frorn fInanci artivit 131.840} 53.644 Cash and rash equlyalents at the be8lnnln8 of the year 93.1 39.420 Cash and rash egui¥alems at the er1 olthe sar 61.224 93. Cash atMI bank balances 6L224 93. 61,224 93, Pa8e 8
Notesto the Accnts ford year eld 31 2023 l polkles The fiThan¢ial statements have been prepared in acrdanCe with Accountin8 and ReFrf)rtiryg bycharilies." Statement of Recommended PTaClice applicab to tharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepublK of Ireland IFRS 1021 (effective I January 20151- ICharttie5 SORP IFRS 10211. the Financial RepNting stsndard aPicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2(. There has been no change to the 0ntIng polioes (valuation rules and nwhod of accountin81 sin last year and no changes have been made to accwnts for previou5 yeats. Fund arcOunng Unrestricted fvnds These are available for use at the discretion of the in fijrtherance of the general objects ofthe chafity. These are unrestricted funts earmarked by the trustees kn paclar purposes. These are unresuKied fund5 which include a reyaluation reserbE preSentIng the restatement of investment a55ets at their market values. These a available for use subject to restrictions imposed by the donor or throueh terms of an appeal. Designated hjnds Revaluation funds Restritted funds Incom Recognition of Ir*ome is included in the siatement of Fiftaal ActNities ISOFAI when the charity becomes entitled to. and virtualty certain to feceive. the Iorne and the alrnt of the income can be MeasUd wilh sufficient reliability. Income wtth related Where income has related expenditure irKome and lated expendr(ure is expenditure reported eross in the SOFA. tkbnations and Voluntary income received by way ol grants. donations and gifts is induded in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax red3im5 on Incorne from tsx redaim5 15 induded in the SOFA atthe 5ametime as the donattons and 8tfts gtftldonation to which it relaies. Donated servi These are On included in income I 3n equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonabty qUantIfiab, measurable and material. Volunteer help The value of any blunteer help receNed 15 not induded in the accounts. Investment income This is induded in the xcovnts when receivable. Gainslllosses) on Thts indudes anygain or bJ55 ultIng from revalu1 in¥e5tments to market value revaluatlon offixed at the end of the year. assets fjainsllknsse51 on ac Thi5 Includes any gain or loss on the Sale of in¥estments. Page 9
HOMÉ.START NORTH DOWN Notes to the A£ctyJrrts Expenditure Recognition of expendf(ure Expenditu 15 rec(wiised on an ac£rua15 ba5. ndItUre Iude5 any VATwhich canThx flty wovered. and is retw)rted a5 part of the expenditure to which it lates. Expenditure on These comprise the costs associated with attrartin8 ¥oluntsry incon. fundraising raising funds trading costs and investment management Costs. Expenditure on These comprise the costs incvrred try the Charity in the delivery of it5 actiwties and charlble attNits services in the furthernrte of tt5 object5. indlingthe fflaki of grants and governance costs. All grznt expenditure 15 xcounted for ortr an artual paid t>asis plus an accrual for grants that have been approved bythe tn at the end of the year but not yet pabd. Goveman¢e costs These include those costs asstxiated wrth meetinE the c(Mltu11]al and statutory rÈquirements of the Chartty, indudin8 anyauditTindependent examination fees. costs linked to the strategic management of the Charity. trwher wrth a share of other administration cost5. Other eXpendIre These are support costs not allocated to a particular actity. Grants payable The charity is exenwt frcrfn COrFtIOn tax on its dritable actpiibes. Investment properties are measured initially at cost and subseQuentl at fail walue at each balance sheet date and are not depreciated. All gain5 or losses are taken to ihe Statement of FinancFal Atti¥ities as they arise. Stock is induded at the bwer of cost or net TISable Yalue. Donated item5 of stock are recognised at fair value which isthe amountthe charity wwld have been Willi to pay forthe items on the open market. Trade and other debtors are recogni5ed at the settlement amount due after any trade discount offered. Prepayments are Yalued èt ihe anwnt prepa*1 net of any trade disctyjnts due. Cash and $h equirdlents Cash and cash equrvalents comprise cash at bank and on hand. demand deposits with banks and other short-terrn hsghly liquid investments wtth original matufities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown thin borrowings or current liabilitie5. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and fom) an integral part of the company's cash management. Trade and other£reditors Short term creditors are measured at the tran5artion piice. Other credittys and provisions a 0£nised where the charity has a present obligation resu18 from 3 past event that will Probably in the rransfer of funds to a third party and the arnount due to 5etlle the obligation can be measured OT estimated reliably. Creditofs and pro¥i5ions are nomwlly recrwised at their settlement amount after allowing for any trade discounts due. Page io
Expendrture on research and develcwent Is wrrtten off in the year in whith it is lJrred. MoTrelary assets and ltabilities denominated in currencie5 Other than the futhnal currency of the charity are translated at the rates of exthange prevailing at the end of the reporting period. Transactions in Currencies other than the functional currency of the tharityare recorded at the rate of exchange on the date that the transattion (mirred. All e¥change drflerences a are tsken into aco)unt in anivin8 at net irthnelexpenditure. whe the charrty enters into a Jease whKh entails taking substantialty all the risk5 and rewards of ownership of an asset, the lease 15 treated as a finance lease. Leases which do not transfer svbstantsally all the risks and rewards of ownership to charity are dassified as opetsting leases. knets held under finance leases are initially recognoed as assets of the charity at their fair vzlue at the InptIOn othe lease or, rf lower. atthe wesent value ofthe minimum lease payments. The CorpondIng liability to the le$50r is induded in the balarKe stet date as a fjnance lease obliRation. Lease payments are apwrtioned btheen finan expenses and reduction of the lease obligation so a5 to zchieve a constant rate of interest on the remaining balarte of the liability. Finance expenw a recognised immedtatety, unjess they are tlirectly attributsble to qualtfying assets. ift which case they are capitalised in accordance with the charty'5 policy on IxKrowing costs. Assets held under finance leases are depreuated in same way as o¥med assets. Operating lease payments are recognwl as an expense on a straight-line ba515 o¥er the lease temi. In the event that lease irtcentives are received to enter tnto operating leases. such incentive5 are recognised as a liability. The 38gregate benefrt of incentives Is reco8nised as a reduction of rental expense on a Strai8ht-line basi5. The charity operates a defirled contribution plan for its employees. A defined contribution plan [5 pension plan under which the cornpany pay5 fixed contributs.ons into a separate entity- Once the o>ntributions have been paid the company has no further payments obligatiorts. The ¢ontribvtion5 are recognised a5 expenses when they fall due. Amounts not paid are shown in cral5 in the balano sheet. The a$5ets of the plan are held separatefy frorn the company in indewdenth administered fund Receipt of donated goods. fatilitie5 and ser¥ices All donated good5. facilities and services received are rÉY(ewtised within Incomi re%wJrce5 and expendrtvre at an estimate of the value to the charrty. 2 Company status The company 15 a wfvate company limited by arantee and consequently does not ha¥p share tawal. Page 11
HOME.START NORTh OOWN Notes to the Arc(nts 3 Statement of flnanrial A¢tl¥tties. wlor yt fvnth fvnds Total lunds 2022 Donat*ons and legacies Charitable activities Other trading attltIeS Totsl 3.555 3,555 97.905 97,905 3.561 97.s 101.466 Expendlture on: Raisin8 fund5 Charitable artivit 2,928 8.314 2,928 8.314 69.824 Other 144.3571 144.3571 114.181 Totsl 125.423 81.C Nrt Incorne 47.918 127.5181 20.4 Eainslllgssesl Other Kains and losses: 47.918 127.5181 Net movement in fund5 47.918 127,5181 20.4 Reconciliation of fvndk. Total fvnds brought forward Totsl fund5 raryled fon¥ard 57.777 1.170 58.947 105.695 126.3481 79.347 4 Jn¢ome from donaknand leead Total Total 2023 21)2Z t)or4ations and lega 7,377 7.377 7377 7.377 3555 3.555 The Trustee5 are very gratefvl forall the donatrons in respect of the 2022123 financial year 5 In¢ome from charitsble arti¥its Total Total 2023 Z022 FundraisingActivitses Grants Received15ee appendix 11 819 819 103.986 103.986 97. 104A)5 104,&J5 97.905 Page 12
HOME.sfART NORTH DOWN Notes to thek¢tyJnts Total Totsl 2023 2022 Interest receivable on bank deposits 199 199 199 199 Total Total 2023 2022 HMRC SMP f¢edaimed 3.4SO 3,450 3.450 3.450 Total Total 2022 Costs oJgeneroting volw¥tory Professional Fees= TAG L951 1.951 Professional Fees: NICVA 2.031 2,031 2.928 Totsl EXpendi1v on choritable octi¥Nfies Additional Services/ Coun5elling Cafe Costs 1.154 1,154 1.988 3.310 1.591 4.9)1 Family Group Hospitalityl Costs 145 933 859 Family Group Transport Fo1 Warm Homes Materia15 for Remote Support Volunteer Supportl Traini Caring fty Families Fundraising SupF 936 936 1.354 747 1,9 362 589 3.817 .431 12.248 8.314 Page 13
HOME-START NORTH DOT•IN 10 Othtr expendlture Totsl Totsl 2023 2022 Other Expendrlure Outgoifigs & Parties Volunteers Christnms Dinrter Reimbursed Invoice 701 701 42 210 239 1141 1141 1661 Employee costs Motor and travel costs 22.161 335 63.601 105 85.762 80.512 349 Premises costs 5.513 23.745 29.258 25.(7 Amortisation. depretiation. impairment profitlh)$5 on disposal of fixed assets General adrninistrative costs 144.3991 299 3.978 1.395 93.525 4.277 1.459 121.883 6.951 979 Legal and profe55Èonal costs 28.358 69.824 11 St•ff eosts 2022 5alarie5 and wages S¢Kial Security costs Pension costs 75.260 4.162 71.407 3.793 4.882 80.082 85.762 No employee received emoluments in excess ol £Ell.¢. 12 Debtor5 21)22 Prepayments and accrued incorne 7.125 7.125 13 Creditors: arnounts falling dve withrn one year 2022 Trade creditors Accruals 5.052 918 551 Deferred income 4.281 9.333 12.248 13.717 Pa8e 14
14 Movemnt in fu IltsdudiTr8 Resourte5 expended Atji 126.3481 11*.255 1103.9871 122.0801 rotol 126.3481 108.255 1103.987) 122.0801 General fvnds 105.695 7,576 132.1751 81,096 Totsl fund5 15 Analysls ofnet assets bekn fvnds 79,347 115.831 {136.1621 S9,016 funds lunds Total Net cufrent assets 51.891 51.891 7.125 7.125 59,016 59,016 16 Recon(i¥th of debt At31 Marth At i Awil Cash and cash equrvalents 93,064 93.1 131.8401 131.8401 61.224 61,224 Net debt 93,064 13L840) 61.224 Pa8e 15
HOME.START NORTh DOWN 17 Commltments Annual commitments undernon-rarteNable operatin8 leases a as follows." Landand burldings Land and OpeTattne feases wrth expirydate: The penOn cost charge to the company amounted to: 18 Related party dis¢b5Urn5 4.882 The were no related party transactions in the yearand no trustee received any remuneration Page 16
forthe yearended 31 Marth 2023 d funds funts Total fwbds Toial lunds 2022 Donations and legacies Donations and legacies 7.377 7JTI 7.377 7.377 3.555 3.SS5 Charitable activtkne5 Fundratsing Attiwties Grants Receivedlsee appendFX 11 819 103.986 104.805 819 103.986 104x15 97.905 97.5 Othertrading aCtivrtS Interest receivable on bank depostts 199 199 199 199 Other HMRC SMP Recfaimed 3.450 3.450 3A50 3.450 7.576 IIB.2SS ExpeThliture on.. Costs of 8enerating donations and legaaes Professional Fees-. TAG Profe55ional Fees= NICVA 115,831 101.466 1.951 1.951 1031 Total of expenthwre on rai fvnd5 2.031 2.928 2.031 2.031 2.928 Charitable artiwties Additional Servitesl Counselling Cafe Costs Famity Group H05Pltality/ Costs Farni Group Transport F1 Warm Homes Matertals for Remote SUprt Volunteer Support/Traini Caring for Families Fundraising &4PPOrt 1,154 1,591 1.154 4.gjl 933 3.310 145 859 1.3S4 747 936 936 362 1.982 589 1.830 8.314 317 8.431 Total of expenditure on dlIb 12.248 3,817 8.431 12.248 .314 Other expondrtvre Other Expendire 701 701 42 Pa8e 17
HOME.START NORTh (JOWN Outeoings & Parties Volunteer5 Christmas th.nner Reimbursed In¥oice 210 239 1141 1141 1141 1661 42S 701 Employee costs Salarie51wages Ernployerfs NIC Penston costs staff training 11.659 4.162 63.fA)I 7S.260 4.162 71.407 3.793 4.882 430 22.161 63.601 85.762 80.S12 Motor and travel costs Travel and subSistee 335 335 105 349 105 349 Premises costs Rent 2.795 18.355 4.160 758 21.150 4.645 765 18.205 3.023 322 3.457 25.(KJ7 Light. heat and power Premise5 cleanin8 Other premises costs 2.226 5.513 472 2.698 23.745 General administrative costs. including deprectatton and rnortisation Loss on dis&w31 of tan8lble fixed a55ets 144.3991 Bank charges General insurances Posta8e and couriers Software. IT supw)n èrKI related cosis iio {131 iio 49 1.047 2¢X) 1.034 2Tr) 1,219 395 271 572 1.079 Stationery and printi Sundry expenses Telephone. fax and broadband 813 813 1.689 551 1.271 4.2 299 3.978 137.4481 Le831 and professtonal costs Accoufttancv and bookkeepi Solicitor'5 fees Other legal and professional Costs 51 1.312 1.363 556 13 63 1,395 1,459 979 Totsl of expendlt(tt of other costs Total expendlture Net gains on investrnents 28.358 93.52S 121.296 69.824 32.175 103.987 136.162 81.(6 Net lexwnditurelllrKome 124.5991 4.268 120.3311 Page 18
HQME.START NO#TH DOWN Detalled Statement of Flnancial Adi¥ Out8oing5 & Parties Volunteers thristmas Linner Reimbursed Invoice 210 239 1661 425 1141 1141 1141 701 Employee costs Salafie5lwages Ernployerf5 NIC Pensson costs Staff training 11.659 4,162 63.f1 75.21 4,162 71,407 3,793 4,882 430 80.512 22.161 s3.] 85.762 Motor and ttsvel costs Travel and subsisten 335 105 349 33S 105 349 Premises costs Rent 2.795 18.355 4.160 758 21.150 4.645 765 18,205 3,023 322 Light. heat and power Prewni5e5 cleanin Other premises costs 2.226 5.513 472 2.698 29.258 3.457 25,(X)7 23.745 Gener31 administrative costs. irKludin8 depreciation and amorti5ion L05s on di5[SaI of tangible fixed assets 144.3991 aJ)k charg General insurances Postage and couriers Software. IT wpport èrKI related cosis iio {131 iio 49 1.219 395 1.047 21Y) 1.034 21X) 271 572 1.079 Slationeryand prfnting Sundry expenses Telepho. fax and broadband 813 813 1.689 551 1.969 137.4481 {691 299 1.277 4.277 3.978 Legal and professional costs Accountancy and bookkeepiv Solicitor's fees Other le8al and professional costs 51 1.312 1.363 556 360 13 63 L395 1.459 979 Totsl olexpendltwe of other ttts 28.358 93.525 121.296 69.824 32.175 103.987 136.162 8L066 Net gains on investmenrs Net lexpendlluftvlnwne 124.5951 4.268 120.3311 20,4(X) Pa8e 18
P4et lexpenditurelf¥thM be other8a1ft5/llosses) OtherGains 124.599) 4,268 120,3311 20,4th) 124.5991 4.268 120.3311 20.4) Recoat>Th ollunds." Total funds brought forward 105.695 {26.3481 79,347 58.947 81. 122.CWI 59.016 79,347 Page 19