HOlE-sTART NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 ( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1067397 CHARITY REGISTRATION NUMBER N1106103 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
HOME-START NORTH 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 Examiners 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 NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 OFFICERS AND OTHER INFORMATION Directors, Dr David Keenan (Chairperson) Judith Wylie (Treasurer) (To be Appointed) Judith Woods (To be Appointed) Janet Mccrellis Dr Paul Joseph-Richard (To be AppoÉnted) Scheme Manaaer Paula Scott Registered Office Jolly Roger Complex 85 Alliance Road Belfast, BT14 7JE Independent Examiners O'Hara Shearer Chartered Accountants and Statutory Auditors 547 Falls Road Belfast. BTI19AB Solicitors Magennis and Creighton 572 Shore Road Newtownabbey, BT37 OSL Bankers Ulster Bank Limited Antrim Road Branch 3931395 Antrim Road Belf&st, BT15 3BG Company Registration Number NI 067397 Charity Commission Northern Ireland NIC 106103 Charity Registration Number XR 34494 Page I
HOME-START NORTH 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 4th December 2007. PRINCIPAL ACTIVITIES AND BUSINESS REVIEW The principal activities of the organisation are to provide in North BelfasL SUPPOrt in practical and emotional fonns, 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 profit of the company for the year ended 3 1st March 2023 was £4,159 and was all attributed to the principal activity. INDEPENDENT EXAMINERS The independent examiner's, 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 RDA D KEENAN CHAIRPERSOIY DATE: 25th October 2023 Page 2
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 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 3 1st March 2023. The Tnjstees confim) 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 ofthe 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 inforniation 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 inforn]ation and to establish that the independent examiner is aware of that inforniation. By orde KEENAN DIRECTOR DATE 25th October 2023 Page 3
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 Independent Examiner's Report to the Trustees of Home-start North 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 trustees and examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is 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 general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act- and state whether particular matters have come to my attention. Basis of independent ¢Xgminer's 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 general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charities Act. The examinatiOTL included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seekints explanation5 from you as charity trnstees concerning any such matters. My role is to state whether any material matters have come to my attention 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 accord with those accountints 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 Siatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportinty Standard 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 ompleted my examination and have no concerns in respect of the matters {1) to (4) listed above and, in connect on with following the Directions of the Charity Commission for Northern Ireland. I have found no hat require draw to your attention. matters LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEAREIL Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI19AB Dated: 25th October 2023 Page 4
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting 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 SOIIP (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 perforn]ance 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 nomially 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 staff costs in these areas. Costs of charitable activities include direct expenditure incurred through operational activities. Governance costs represent the costs associated with the governance arrangements 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 tangible fixed assets are recorded at cost. Page 5
HOME-START NORTH BELFAST FINANCIAL STATEMEI¥TS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Continued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rates: Office equipment 20 % residual value Repairs and Renewals All repairs and renewals are written off as Incued Pension Costs The charity does currently operate a pension scheme. 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 normally 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 interest method. Foreign Currencies Monetary assets and liabilities in foreign currencies 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 NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF AccouNfING POLICIES Continued Fund Accounting Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific future purposes. Restricted funds are those given for use in a particular area OT for specific purpOS, the use of which is restricted to that area or purpose. The income received from funde[5 depends on the charity meeting detailed criteria on expenses plans. Grants given under such conditions are also given subject to them being obtained for in connection with the furtherance of th¢ charity's aims and objectives. Such income can be repayable to the funder if such expenses plans and criteria are not met. Such incotne is only deferred when the donor specifies that the grantldonation must only be used in future accounting peTiods' or tlie donor has imposed conditions which must be met before the charity has unconditional entitleTnent. Incorne frotn charitable activities includes incorne received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised 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 entitlement, certainty of receipt and the amount can be measured with sutTicient reliability. Income is deferred when: feeslp¢rforniance 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 there be a significant shortfall in projected income. Page 7
HOINIE-ST.4RT NORTH BELFAST STATEINIENT OF FINI A.NCI.4L AcfiN"ITIES ratin the ineomt and ex FOR THE I EAR EINDED 31ST,NI.4RCH 2023 incor eNditure aecount I'nrestrieted Restricted EndownmeDt TOTAL TOTAL Funds Funds Fund$ 2023 2022 NOTES INCOklE AND ENDOWNI¥IENTS FROIM: Donations and leg#¢ie5 Income frotn inve5knents Income from charitable aetivitics Income from other trading aetivities 44 59.460 8,129 59,460 7,129 34.156 20,483 TOTAL INCOlE AND ENDO1VINlENTs 66J89 67.633 54.640 EXPENDITURE ON: Expenditure on raising funds Expenditure on ch8ritable activitics Other expenditure Net gainsl(losses) on investments 158 6i,316 63.474 52,024 TOTAL RESOURCES EXPENDED 158 63.316 63,474 52,024 NET INCOfvIEIIEXPEP4DITURE) 3,273 4,159 2.616 Transfers between funds 3,273 (3.273) NET tIIOVEfvIENT IN FUNDS 4.159 4.159 2.616 RECONCILIATiof+l OF FUNDS TOTAL FUNDS BROUCHT FORITr ARD 16.221 16,221 13,605 TOTAL FUNDS CARRIED FORWARD 20J8Q 20J80 16.221 The Statement of Firtaneil Aftivities includes all gain$ losses in the year and therefore * Statement of Total Reeognised GiTrs and Losses has Ilot b¢eD prepared All tsf the above amollnts relate to continuing activities The a¢¢ompanying poli¢its And the DDtts form p4rt otthest financial stateents Page 8
HOME-START NORTH BELFAST BALANCE SHEET AS AT 31ST MARCH 2023 2023 2022 NOTES FIXED ASSETS Tangible assets CURRENT ASSETS Debtors and prepayments Cash at bank Cash on deposit Cash in hand 577 11,123 10,137 56 566 20,114 10,092 56 21,893 30,828 Creditors: amounts falling due within one year 12 (1,513) (14,607) NET CURRENT ASSETSI(LIABILITIES) 20,380 16,221 TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES ) 20,380 16,221 Creditors: amounts falling due after more than one year NET ASSETSI(LIABILITIES) 20J80 16,221 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 14 20J80 16,221 RESTRICTED INCOME FUNDS 15 20J80 16,221 These fin and sta ents were approved by the Trustees on 25th October 2023 their beh DR DAVID KEENAN DIRECTOR DATE 25th October 2023 Tbe accompanying accounting policies and notes form part of these fillaneial ststements Page 9
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEI¥IENTS FOR THE YEAR ENDED 31ST MARCH 2023 I. DONATIONS AND LEGACIES Unrestricied Restrieted Funds Funds Unrestricted Restricted Funds Funds 2023 2022 Donations Legacics 2. INCOME FROM INVESTMENTS Unrestricted Re$tri¢led Funds Funds Unrestricted Restricted Funds Funds 2023 2022 Income from UK lisled investmenls Incotne from cash 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Funds Fllnds Unrestricted Restricted Funds Fund5 2023 2022 Belfast Health & Social Care Trust BBC Children in Need Lloyds TSB Foundation for Northern Ircland Awards for All Belfast City Council Bombardier Foundation Enkalon Foundation Cool FM Cash for Kids Charity DFC Voluntcer Now Halif&x Foundation Hotnc-start UK - Volant Garden Pmject 34,034 34,034 32,641 32,641 5.485 5.485 9,950 9,950 10.420 10,420 1.521 8.000 1,521 8,000 4,700 4,700 Less.. Deferred Income (See Ivrtv 10) (13,135) (13,135) 59.460 59.460 34,156 34.156 4. INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Fllnds 2023 2022 Fundraising 7,129 8,129 5,537 14,946 20,483 Insurance monies receivable Less.. Deferred Income 1.000 7.129 8.129 5.537 14,946 20,483 Page 10
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EINDED 31ST IMARCH 2023 5. EXPENDITURE ON RAISING FUNDS Unrestrieted Restricted Funds Funds Unrestricted Restricted Fund5 Funds 2023 2022 Promotional and fundraising costs 6. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Restrieted Funds Funds Unrestricted Restricted Funds Funds 2023 2022 Wages and salarics (See Note 8) Social security costs (See Noie 8) Repairs and office maintenance Printing, postage and staiionery Staff travel & subsisten¢¢ Family support Costs Volunteer recnJitmen¢ training and exnseS Sundry expenses Event Costs 41,497 727 120 121 715 10,547 796 41.497 727 120 33,956 740 33,956 740 826 3,402 5,253 768 826 3,402 5.253 768 715 10,547 796 ,291 ,291 55.814 55.814 44,945 44.945 Support Costs and Governance costs Staff and committee training Telephone and internct Rent and service ¢harges Insurance Accountancy fees Other professional fees Subscriptions and licences Bank interest and Charges 400 639 2,280 1.327 630 1.594 30 400 639 2,280 1.327 630 1.594 30 179 666 2.880 929 660 2,337 30 666 2.880 929 660 2,337 30 158 158 179 is8 7502 179 6,900 7,079 TOTAL EXPENDITURE ON CHARITABLE AcfiviTIES 6JJ16 63.474 179 51,845 52,024 Pagell
HOME-START NORTH 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 charging/(erediting) 2023 2022 Independent examiners remuneration Depreciation 660 630 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 Employer social security costs - key management personnel Employer social security costs - other staff Employer social security costs - Employment Allowance 24,419 17,078 727 2,291 24,738 9,218 740 2,193 (2,291) (2,193) 42,224 34,696 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 NORTH 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 Additions Disposals As at 3 Est March 2023 DEPRECIATION As at 1st April 2022 Charge for year Eliminated on disposal As at 3 1st March 2023 Net book value 2023 Net l)ook value 2022 Unrestricted Restricted Funds Funds 10. DEFERRED INCOME 2023 2022 Belfast Health & Social Care Trust BBC Children in Need Lloyds TSB Foundation for Northern Ireland Awards for All Belfast City Council Bombardier Foundation Enkalon Foundation Henderson Wholesale St Anne's Deans Sit-out Halifax Foundation Iron Man Competition Covid Recovery Fund Home Start UK - Caring for Families Home Start UK - Pears Donations 5,485 1,521 2,719 3,410 13,135 Page 13
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors Prepayments 381 196 381 185 577 566 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Social security costs and other taxes Accrued expenses Deferred income (See Note 10) 530 983 561 911 13,135 1,513 14,607 13. MOVEMENT IN FUNDS Opening Net Movement Balance in Funds 2023 2022 Unrestricted Income Funds General fund 16,221 4,159 20,380 16,221 16,221 4,159 20,380 16,221 Opening Net Movement Balance in Funds 2023 2022 Restricted Income Funds General fund Page 14
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 14. UNRESTRICTED INCOME FUNDS 2023 2022 Balance at 1st April 2022 16,221 10,084 Incoming resources for the year Resources expended for the year Transfers between funds 1,044 (158) 3,273 5,538 (179) 778 Balance at 31 st March 2023 20.380 16,221 15. RESTRICTED INCOME FUNDS 2023 2022 Balance at 1st April 2022 3,521 Incoming resources for the year Resources expended for the year Transfers between funds 66,589 49,102 (63,316) (51,845) (3,273) (778) Balance at 3 1st March 2023 16. LEGAL STATUS Home-start North Belfast is a Company Limited by Guarantee. Each member has agreed to contribute £1 in the event of a compulsory winding up. Home-start North 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 North Belfast is a Charity registered with The Charity Commission for Northern Ireland. Charity Number 106103. Date of Registration I Ith April 2017. Page 15