HOME-START NORTH DOWN Charlty No. N1106098 Company No, N1022755 Trustees, Report and Unaudlted Accounts 31 March 2024 Iiiiiilliii ACG93H7E 20111tt024 COMPANIES HOUSE A04
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HOME-START NORTH DOWN Contents Pages 2to3 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts 9t016 Detailed Statement of Financial Activities 17to19 Page I
HOME-START NORTH DOWN Trustees Annual Report HOME-START NORTH DOWN The trustees, who are al50 directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE OETAILS Company No. N1022755 Charlty No. N1106098 Registered Office 4 Bingham Street Bangor BT20 5DW Directors and Trustees The Direttors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees ser4ed during the year: C. 8allantyne C. Getty J. MacArthur (Resigned 27 November 20231 L. McKee C. Millar J. Rice J. Smith {Resi8ned 29 December 20231 Cornpany Secretary K. Richardson Accountants OBoyle Accounting & Tax Ltd 4 Bingham Street Bangor 8T20 SDW Bankers Danske Bank PO Box 183 Done8all Square West Belfast BT416JS ACHIEVEMENTS AND PERFORMANCE A large charity must review its charitable activlties undertaken, explainin8 performance achieved agalnst objectives set Page 2
HOME-sfART NORTH DOWN Trustees Annual Report A large charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set A large charity must provide an explanation of any material expenditure occurred to raise income in the future A large charity must provide commentary on those significant Positive and ne8ative factors within and outside the charity's control which are relevant to the achievement of its objectives The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companie5 Act 2006. The Trustees are also responsible for safeguardin8 the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subjert to the small companies re8itne as set out in Part IS of the Companies Act 2006 and in accordance with the Charities SORP {FRS 102). Signed on behalf of the board J. Rice Trustee 31 March 2024 Jao Page 3
HOME-START NORTH DOWN Independent Examlners Report Independent Examiner's Report to the trustees of HOME-START NORTH DOWN I report to the charity trustees on my examination of the financial statements of HOME-START NORTH DOWN for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the company land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements Sn accordance with the requirements of the Companies Art 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 {bl of the 2011 Act. Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in accordance with section 386 of the 2006 Act, or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a'true and fair, view which 15 not matter considered a5 Part of an independent examinatlon; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportin8 by charities applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come acr055 no other matters in connection wlth 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. Gerry O'Boyle ACMA OBoyle Accounting & Tax Ltd 4 Bingham Street Bangor BT20 5DW 31 March 2024 Page 4
HOME-START NORTH DOWN Statement of Financial Artivities for the year ended 31 March 2024 Unrestricted funds 2024 Restricted funds Total fvnds Total funds 2024 Z024 2023 Notes Income and endowments from: Donations and legacies Charitable attivities Other trading activities Other 2,307 2,307 94,296 660 2.631 7,377 104,805 199 3,450 94,296 660 2.631 Total 2,967 96,927 99,894 115,831 Empendlture on: Raising fund5 Charltable artivities Other 2,165 3.244 91.815 2,165 5,393 110,775 2,031 12,248 121,883 2,149 18.960 io Total 21,109 97,224 118,333 136,162 Net gains on investments Net expendlture Transfers between funds {18,142) {297) {18,4391 {20,331) Net expenditure belore other 8ains/(losses) (18.1421 (297) {18.439) {20,3311 Other 8alns and losses Net movement In funds 118. 1421 12971 (18,4391 (20,331) Reconciliation of funds: Total funds brought forward 81,096 122,0801 59,016 79,347 Total funds carrled forward 62,954 122.377) 40,577 59,016 Page 5
HOME-START NORTH DOWN Summary Income and Expendlture Account for the year ended 31 March 2024 2024 2023 Income 99,894 115.831 Gross income for the year Expenditure 99,894 115.831. 118,333 136.162 Totsl expendlture for the year Net expenditure before tax for the year 118,333 136.162 118,439) '120.331} Net expendlture for the year 118,439) 120,331) Page 6
HOME-START NORTH DOWN Balance Sheet at 31 March 2024 Company No. N1022755 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 12 5,000 42,417 47,417 16,8401 40,577 40,577 40,577 7,125 61,224 68,349 19,333) 59,016 Creditors: Amount falling due within one year Net current assets 13 Total assets less ¢urrent liabilltles 59,016 Net assets excluding penslon asset or Ilabllity 59,016 Total net assets 40.577 59,016 The funds of the charlty Re5trSrted funds Restricted income funds 14 122,3771 {22.3771 (22.080) {22.080) Unrestrlrted funds General funds 14 62,954 81,096 62,954 81.096 Reserves 14 Total funds 40,577 59,016 These accounts have been prep4red In accordance with the special provlsions of Part 15 of the Companles Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required thÈ company to obtain an audit in accordance with section 476 of the Companies Art 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 March 2024 And signed on it5 behalf by: J. Rice Trustee 31 March 2024 IACL Page 7
HOME-START NORTH DOWN Statement of Cash flows for the year ended 31 March 2024 2024 2023 Cath flows from operatlng activities Net expenditure per Statement of Financial Actlvities 118,439) (20,3311 Adjustments for: HMRC SMP Reclaimed Decrease/llncreasel in trade and other receivables Decrease in trade and other payable5 12,6311 2,125 (2.492) 13,4501 17,1251 14,3841 Net cash used In operatln8 activltles 121.437) 135,2901 Cash flows from Inve¥tin8 artlvities HMRC SMP Reclaimed 2,631 3,450 Net cash from Investlng actlvltles 2,631 3,450 Net cash from flnan¢in8 actlvitles Net detrease in cash and tash equivalents (18.8061 (31,840) Cash and cash equivalents at the beginnlng of the year 61,224 93,064 Cash and cash equivalents at the end ol the year 42,418 61,224 Components of cash and ¢ash equivalents Cash and bank balances 42,417 61,224 42,417 61,224 Page 8
HOME-START NORTH DOWN Notes to the Accounts for the year ended 31 March 2024 l Accounting pollcies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities,. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective I January 2015) (Charities SORP IFRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ire5and (FRS 1021 and the Companies Art 2006. Change in basis of accounting or to previou5 accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted fund5 These are available for use at the discretion of the trustee5 in furtherance of the general objects of the charitv. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatemÈnt of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through term5 Of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities {SoFAI when the charitv becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliabilitv. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gr055 in the SOFA. Donation5 and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts Bift/donation to which it relates. Donated services These are only included in income {with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Inv¢?tment income This i&included in the accounts when receivable. Gainslllossesl on T'hi5 includes any gain or loss resultin8 from revaluing investments to market value revaluation of f ixed at the end of the year. assets Gains/(losses) on investment assets This includes any gain or1055 on the sale of investments.
HOME-START NORTH DOWN Notes to the Accounts Expenditur.e Recognition of expenditure ExpenditilTe is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attratting voluntary income. fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs Incurred by the Charity in the delivery of its activltles and charitable activities services in the furtherance of its'objects, including the making of grants and governance costs. All grant. expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those tosts assotiated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxatlon The charity is exempt from corporation tax on its charitable activities. Freehold investment property Investment properties are measured initially at cost and Subsequently at fair value at each balance sheet date and are not depreciated. All gains or10s5es are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charlty would have been willing to pay for the items on the open market, Trade and other debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalent5 comprise cash at bank and on hand, demand deposit5 Wlth banks and other short-term highly liquid investments with ori8inal maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing5 or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditor5 and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third party and the amount due to settle the obligation Can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade dlscounts due. Page 10
HOME-START NORTH DOWN Notes to the Accounts Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencles Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transartions in currencies other than the functional currency of the charlty are recorded at the rate of exchan8e on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a flnance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum leasÈ payments. The corresponding liability to the lessor 15 included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achleve a constant rate of interest on the remaining balance of. the liability. Finance expenses are recognised immediately, unle55 they are directly attributable to qualifyin8 assets, in which case they are capitalised in accordance with the charity'5 policy on borrowin8 Costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a 5traight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employee5. A defined contribution plartr is pension plan under which the company pays fixed contributions into a separate entity- Once the contributions have been paid the company has no further payments obli8ations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held Separately from the company in independently admlnistered funds. Receipt of donated goods. facilitles and serv1$ All donated goods, facilities and service5 received are recognised wlthin incomlng resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have Share capital. Page 11
HOME-START NORTH DOWN Notes to the Accounts 3 Statement of Flnancial Actlvltles - prlor year Unrestrirted funds Restrirted funds Total funds 2023 2023 2023 Income and endowments from: Donations an'd legacies Charitable activities 7,377 7,377 104,805 199 3,450 11S,831 104,805 Other tradin8 activities Other 199 3.450 Total 7,576 108,255 Expendlture on: Ralsing funds Charitable activities 2,031 8,793 92,347 2,031 12.248 121,883 3,455 29,536 Other Total 32,991 103,171 136,162 Net Income {25,4151 5,084 (20,3311 Net Income before other galns1(losses) Other gains and losses: Net movement In funds {25.415) 5,084 120,3311 125,4151 5,084 (20,3311 Reconclllation of lunds: Total funds brought forward Total funds carr5ed forward 105,695 126,3481 {2 1.264) 79,347 80,280 59,016 4 Income from donatlons and legacles Unrestrlcted Total 2024 Total 2023 Donations and legacies 2,307 2,307 2,307 2.307 7,377 7,377 The Trustees are very 8rateful for all the donatlons in respect of the 2022123 financial year 5 Income from charitable activltles Restrirted Total 2024 Total 2023 Fundraising Activities Grants Received (see Appendix 11 850 850 819 93,446 93,446 103,986 94.296 94,296 104.805 Page 12
HOME-START NORTH DOWN Notes to the Accounts 6 Income from other tradlng actlvitie$ Unrestrlrted Total Total 2024 2023 Interest receivable on bank deposits 660 199 660 660 199 7 Other income Restricted . . Total Total 2024 2023 HMRC SMP Reclaimed 2,631 2,631 2,631 2,631 3,450 3,450 8 Expendlture on ralslng funds Restrlrted Total Total 2024 2023 Cost5 of generating voluntary income Professlonal Fees.. TAG 2,085 80 2,085 80 1,951 80 Professional Fees: NICVA 2,165 2,165 2,031 9 Expenditure on ¢haritable artivities Unrertricted Restricted Total Total 20Z4 2023 Expenditure oh choritoble octivitie5 Additional Services/ Counsellln8 'Café Costs Family Group Hospitality/ Costs 1,559 1,559 1,154 1,114 1,114 4,901 808 933 Family Group Tran5POrt Family/ Staff Training Materials for Remote Support Volunteer Support / Trainlng . 1,157 227 936 227 528 528 1,980 1,157 6,550 2.344 12.248 2,149 Pa8e 13
HOME-START NORTH DOWN Notes to the Accounts 10 Other expenditure Unrestricted Restrlcted Total Total 2024 2023 Other Expenditure Reimbursed Invoice 701 1238) {238) 1141 Employee costs Motor and travel costs 17,425 74.324 474 91.749 474 85,762 440 Premises costs 13.421 3,672 162 13,421 3,807 1.562 110,775 29,258 4,277 1,459 121,883 General admlnlstrative costs 135 Legal and professional costs 1,400 18,960 91,815 11 Stafl costs 2024 2023 Salaries and wa8es Social securlty costs Pension costs 74,342 6,713 10,694 91,749 75,260 4,162 6.340 85,762 No employee received emoluments in excess of £60,000. 12 Debtors 2024 2023 Prepayments and accrued income 5,000 5.000 7,125 7.125 13 Creditors: athounts falling due within one year 2024 2023 Trade creditors Accruals Deferred income 2,185 {ii 4,656 6,840 5,052 4,281 9,333 Page 14
HOME-START NORTH DOWN Notes to the Accounts 14 Movement in funds Incoming resources lincluding. other At l Aprll galns/losse5 2023 At31 March 2024 Resources expended .' Restrirted funds: Restricted incorne funds: (22,080) 96,927 197,2241 122,377) Total 122,0801 96.927 {97,2241 122,377) Unrestrirted funds: General funds 81,096 2,967 (21,1091 62,954 Total tunds 15 Analysls of net asset5 between funds 59,016 99.894 (118,333) 40,577 Unrestrirted funds Restricted funds Total Net current assets 35,577 35.577 5,000 5,000 40,577 40.577 16 Reconciliatlon of net debt At31 March 2024 At l April 2023 Cash flows Cash and cash equivalents 61,224 118,807) 118,807) 42,417 42,417. Net debt 61,224 118.807) 42.417 Page 15
HOME-START NORTH DOWN Notes to the Accounts 17 Commltments Operntlng leose commltments Annual commitments under non-cancellable operating leases are as follow5: 2024 Land and buildings 2024 .2023 Land and buildings 2023 Other Other Operating leases with expiry date: Pension tommitments 2024 2023 The pension cost charge to the company amounted to: 10,694 6,340 18 Related party disclosures Controlling party There were no related party transactions in thé year and no trustee received any remuneration. Page 16
HOME-START NORTH DOWN Detalled Statement of Financial Activitles for the year ended 31 March 2024 Unrestricte d funds 2024 Restrlcted funds 2024 Total funds 2024. . Total funds 2023 Income and endowments from: Donation5 and legacies Donations and legacies 2,307 2,307 2,307 2,307 7,377 7,377 Charitable activities Fundraising Artivities Grants Recelved (see Appendlx l) 850 93,446 94,296 850 93.446 94.296 819 103,986 .1104,805 Other tradin8 activities Interest receivable on bank dep051ts 660 660 199 660 660 199 Other HMRC SMP Reclaimed 2,631 2,631 2,631 2,631 3,450 3,450 Total income and endowments 2,967 96,927 99,894 115,831 Expenditure on: Costs of generating donations and legacie5 Professional Fees: TAG 2,085 80 2,085 80 1,951 80 Profe55ional Fees: NICVA 2,165 2.165 2,031 Total of expenditure on raising funds 2,165 2,165 2,031 Charitable activities Additional Serrficesl Counselling Café Cost5 Family Group Hospitaiityl Costs Family Group Transport Familyl Staff Training Materials for Remote Support Volunteer Support ITrainin8 1,559 1,559 1,114 808 1,154 4,901 933 936 1,114 808 227 227 528 528 1,980 2,344 12,248 1,157 5,393 2.149 3,244 Total of expendlture on charltable 4rtivities 2.149 3,244 5,393 12,248 -other expenditure Other Expenditure Reimbursed Invoice 701 114) 687 1238) 12381 12381 Page 17
HOME-START NORTH DOWN Detailed Statement of Flnanclal Actlvltles Employee costs Salarieslwages Employer's NIC Pension costs 18 6.713 10,694 17,425 74,324 74,342 6,713 10.694 91,749 75,260 4,162 6.340 85,762 74,324 Motor and travel costs Travel and subsistence 474 474 474 440 440 474 Premises costs Rent Light, heat and power Premises cleaning Other premises costs 11,220 1,162 355 684 11,220 1,162 3SS 21,150 4.645 76S 684 2,698 29,258 13,421 13,421 General administrative cost5, Including depreciation and amortisation Bank char8es General insurances Postage and couriers Software, IT support and related CQSts Stationery and printing Sundry expenses Telephone, fax and broadband 128 128 1,329 21 iio 1,329 21 1,034 200 958 958 843 199 199 813 1,165 3,672 1,165 3,807 1,277 4.277 135 Legal and professional costs Accountancy and bookkeepin8 Consultancy fee5 Other legal and professional costs 1,325 75 1,325 75 1.363 162 162 96 1.400 162 1,562 1,459 Total of expenditure of other costs Total expenditure Net 8ains on investments 18.960 91,815 110,775 121,883 21.109 97,224 118,333 136.162 Net expenditure 118,1421 (2971 118,4391 (20,3311 Net expenditure before other gajn51(losses) Other Gains 118,142} {297) 118,439) (20,331} Net movement in funds (18.142> {297) (18,439) 120,331> Reconciliation of funds.. Total funds brought forward 81,096 122,0801 59,016 79,347 Page 18
HOME-START NORTH DOWN Detailed statement of Financlal Actlvltles Totsl funds carrled forward 62,954 122,377) 40,577 59.016. P.age 19