HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ( A co[PAN¥ LIfvIITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1067397 CHAIUTY 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 2024 CONTENTS Page Members and Pi'ofessional Advisors Ti'iistees Annual Report (iiicluding the Statement of Ti'ustees Responsibilities in respect of financial statements) 2ato2e&Page3 Repoi't of tlie Independent Examiners to the Ti'ustees, Accounting Policies Statement of Financial Activities (incoi'poi'ating tlie income and expenditLlI'e account) Balance Sheet Notes to the Financial Stateinents 10-15
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDCD 31ST MARCH 2024 OFFICERS AND OTHER INFORMATION Directors, Di David Keenan (Chairp¢i'son) Juditli Wylie (Treasiiiei) Juditli Woods Janet Mccrellis Di. Paul Joseph-Richard Scheme Manager Paula Scott Registered Office Jolly Roger Complex 85 Alliance Road Belfast, BT14 7JE Independent Examiners O'Hara Shearer Chartered Accountants and Statutoiy Auditors 547 Falls Road Belfast, BTI19AB Solicitors Magennis and Creighton 572 Shore Road Newtownabbey, B T37 OSL Bankers Ulstcr Bant< Limited Antrim Road Branch 2021206 Yol'k Sti'cet Belfast, BT15 IHY Company Registration Number N1067397 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 2024 REPORT OF THE DIREI CTORS The directoi's pi'esent theii. i'epoit togetliei. with the aud ited financial statements foi. the year ended 31 st Marcli 2024. INCORPORATION The company was incorporated on the 4tli Decembei. 2007. PRINCIPAL ACTIVITIES AND BUSINESS REVIEW Tlie principal activities of the oi'ganisation are to provide in Noith Belfast, SLlPPOIt in pi'actical and emotional forms, to parents of pre-school children, who may be expei'iencing difficulties in their fainily situation. The dii'ectors considei. the pei'foi'mance of the company during the period and its position at the yeai. end to be satisfactoi'y. RESULTS The loss of the company foi. the yeai. ended 31 st Mai'ch 2024 was £9,752 and was all atti'ibuted to tlie pi'incipal activity. INDEPENDENT EXAMINERS The independent exaininei s, O'Hai'a Sliearei., Chartered Accountants & Statutory Auditors have expressed their willingness to continue in office and a resolution, will be pi'oposed at tlie Annual Genei'a Meeting in accoi'dance with Section 485 of the Companies Act 2006. SMALL COMPANY EXEMPTIONS This repoit lias been pi'epai'ed in accordance with the special provisions for small companies under Part 15 of tlie Coinpanies Act 2006. BY ORDER OF THE BOARD DR DAVID KEI ENAN CHAIRPERSON DATE: 23rd October 2024 Page 2
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEIAR II NDED 31ST MARCH 2024 STATEMENT OF TRUSTEEI S, REI SPONSIBILITIES The trustees, are responsible for preparing the Trustees, Report and tlie financial statements in accordance witli applicable law and regulations. Coinpany Law requires tlie trustees, to prepare financial statements for each financial year. The Trustees, who are also directors for the purposes of coinpany law, present tlieir report and the financial statements of the cliai'ity for the yeai. ended 31 st March 2024. The Trustees confirm that tliey coinply witli tlie requirements of tlie Charities Act (Noitliern Ireland) 2008 and Accounting and Reporting by Charities: Stateiment of Recoininended Practice which applies to charities preparing their accounts in accordance witli the Financial Reporting Standai'd applicable iii the UK and Republic of Ireland (FRS 102) (effective l January 2015). Under company law the directors must not approve the financial statements unless tliey are satisfied that tliey give a true and fair view of the state of affairs of the coinpany 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 estiinates that are reasonable and prudent. prepare the financial statements on tlie going concern basis unless it is inappropriate to presiime that the company will continue in business. Tlie 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 them to ensure tliat the financial statements comply with the Coinpanies 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 tlie directors are aware.. there is no relevant information 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 information and to establish that the independent examiner is aware of that information. By ord rth oard: DAVID KEEINAN DIRECTOR DATE 23rd October 2024 Page 3
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Iiidependent Examiner's Report to the Trustees of Home-start North Belfast I report on the accounts of the coinpany for the year ended 3 1st March 2024 whicli are set out on pages I to 15. Respective responsibilities of trustees and examiner As the charity ti'ustees (and also the dii'ectors of the coinpany for the purposes of coinpany law) you are i'esponsible foi. the pi'epai'ation of the accounts in accordance witli tlie requii'einenls of the Companies Act 2006. Having satisfied myself that the chai'ity is not subject to audit undei. coinpany law, and is eligible foi. independent exaimination, it is iny responsibility to.. exainine tlie accounts under section 65 of the Charities Act (Northern Ireland) 2008. follow the procedures laid down in the general Dii'ections given by the Chai'ity Coininission for Noithern Ireland under section 65(9)(b) of the Charities Act; and state whether particular Inattei's have coine to my attention. Basis of independent e%aminer's report I have exainined your charity accounts as reqiiii'ed undei. section 65 of the Charities Act and my exainination was carried out in accordance with the general Dii'ectioiis given by the Charity Coininission for Northern Ireland under section 65(9)(b) of the Charities Act. The exainination included a i'eview of the accounting recoi'ds kept by tlie charity and a comparison of the accounts pi'esented with those recoi'ds. It also includes consideration of any unusual iteins oi. disc105ures in the accounts, and seeking explanations fi'oin you as charity trustees concerning any such inatters. My role is to state whether any material Inatters have coine to Iny attention giving Ine cause to believe: l. That accounting i'ecords were not kept in accordance with section 386 of the Coinpanies Act 2006 2. That the accounts do not accord with those accounting record5 3. That the accounts do not coinply with the accounting requirements of section 396 of the Coinpanies Act 2006 and with the inethods and pi'inciples of tlie Charities Statement of Recoininended Practice applicable to chai-itie5 pi'epai'ing tlieii. accounts in accoi'dance with tlie Financial Reportin£T Standard applicable in the UK and Republic of Ireland 4. That thei'e is fuithei. infomation needed for a proper understanding of tlie accounts to be reached. Independent examiner's statement I have coinpleted my exainination and have no concerns in I'espect of the Inatters ( l ) to (4) listed above and, in connection with following the Directions of the Charity Coininission foi. Northern Ireland, I have found no matt rs that requii'e dr ing to youi. attention. LAWRENCE SHEARIR F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEARER, Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTII 9AB Dated: 23rd October 2024 Page 4
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting Tlie financial stateinents have been prepared undei. tlie historical cost convention, Tlie financial statements Iiave been pi'epai'ed in accordance with Accounting and Reporting by Cliarities". Statement of Recoinmended Practice applicable to chai'ities pi'epai'ing tlieii. accounts in accordance with the Financial Repoitingy Standard whicli applies in tlie UK and Republic of Ireland (FRS 102) (effective l Januai'y 2015) - (Charities SORP (FRS 102)), the Financial Repoitiiig Standai'd applicable in the UK and RepLiblic of Ii'eland (fRS 102) and the Coinpanies Act 2006. Income Recognition Income is recognised when the Chai'ity has entitleinent to the funds, any performance conditions attached to tlie item(s) of incotne have been met, it is probable that the income will be received and the amount can be measured reliably. Interest Receivable Intei'est on funds held is included when I'eceivable and tlie ainount can be Ineasiired I'eliably; this is noi-lnally upon notification of the interest paid or payable by tlie Banli. Resources Expended All expenditure is accoLinted for on an accruals basis and is classified under Iieadings that aggregate all costs related to tlie categoi'y. Fundi'aising costs include the costs of adveitising, producing publications, pi'inting and mailing fundraising matei'ial, and staff costs in tliese areas. Costs of charitable activities include direct expenditure incurred tlirough operational activities. Governance costs represent the costs associated with the governance arrangements of the cliai'ity which relate to tlie general running of tlie charity as opposed to those costs associated with fundraising or cliaritable activity. Fixed Assets All tangible fixed assets are recorded at cost. Page 5
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEIAR II NDII D 31ST MARCH 2024 STATEMENT OF ACCOUNTING POLICIES Conlinuecl Depreciation Depreciation is calculated to wi'ite off the cost of fixed assets over their estimated useful lives at tlie following i'ates: Office equipment 200/0 residual value Repairs and Renewals All i'epairs and renewals al'e wi'itten off as incurred Pension Costs The chai'ity does cui'rently operate a pension sclieme. Debtors and Prepayment5 Trade debtors and othei. debtoi's 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 Ci'editoi's and pi'ovisions are recognised where the charity has a pi'esent obli(Fation resiilting fi'om a past event tliat will probably result in tlie ti'ansfei. of funds to a tliird party and the amount due to settle tlie obl igation can be measured oi. estiinated reliably. Ci'editoi's and pi'ovisions are noi'inally I'ecognised at theii. settlement ainount after allowing for any ti'ade discounts due. Financial Instruments Tlie Charity only has financial assets and financial liabilities of a kind tliat qualify as basic financial insti'uinents. Basic financial instruments al'e initially recognised at ti'ansaction value and subsequently measui'ed at tlieir settlement value with tlie exception of bank loans which are subsequently measured at amortised cost using tlie effective interest method. Foreign Currencies Monetary assets and liabilities in foi'eign currencies are translated into stei'ling at the rates of exchange ruling at the balance slieet date. Transactions in foi'eigyn cui'rencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in ari'iving at the net movement in funds. Page 6
HOME-START NORTH BELFAST FINANCIAL STATEI MEI NTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF ACCOUNTING POLICIES Coiililiiied Fund Accounting Uni'estricted fLinds are genei'al funds tliat are available for use at th¢ Truste¢s' disci'etion in furthei'anee of the objectives of the chai'ity. Designated funds al'e unresti'icted funds set aside by tlie triistees out of unresti'icted funds for specific futLire purposes. Restricted funds are those given for use in a particular area oi. for specific putyoses, the use of which is resti'icted to tliat area or pui'pose. Tlie income received froin fundei's depeiids on tlie chai'ity ineeting detailed criteria oli expenses plans. Grants given undei. such conditions al'e also given subject to thein being obtained for in coiinection with the furtlierance of tlie harity's aiills and objectives. Such incoine can be repayable to tlie fuiider if such eypenses plans and critei'ia al'e not met. Such incoine is only defei'itd wl)en the donoi. specifies tliat tl)e grantldonation must only be used iii futiire accounting pei'iods. oi. tlie donor has imposed conditions wliich Inust be met before the cliarity has unconditional eiititleinent. Iicome fi'oin cliai'itable activities inclLides iiicome received uiidei. conti'act or where entitleinent to gi'ant fLinding is subject to specific perforinance conditioiis is recognised as eained as the i'elated goodslservices are pi'ovided. Grant incoine included iii this category provides funding to suppoit perfoi'inance activities and is recognised whei'e there is eiititlement, certainty of i'eceipt and tlie amouiit can be measured with sufficient reliability. Ii)come is deferred wheii: fees/performance related gi'ants are received in advance of the performancelevent to which they relate. Reserves Policy Unresti'icted funds are needed to provide funds whicli can be applied to specific pi'ojects to enable tliese projects to be undertakeii at short notice and to covei. the rLinning costs of the Chai'ity foi, a limited period, shoLild there be a significant shoitfall in projected incoine. Page 7
FIOINIE-ST,KII-I' YI ORTH BELF.4ST STATEIl.IEINT OF fi IIN ANI CIAL IICI-IVITI ES ineor FOR THE I'IAR li INDED 31ST NI IARCII 2024 oratin tli¢ iiieonie e eiiditut'e aeeount Ilnrestrieted Resti'ict¢d Ei ndoivNmertt TOT AL TOT.4L Fund¥ Funds 2024 2023 INCOfvIE AIND INDOWINNIEINTS FROfvI: Donations and legacies Incom¢ li'oin invcstnients Ineon)e Iroin Ll)aritable activities Ineonie Iroin oilier trading activities 122 122 48.172 1.500 44 59,460 8,129 48,172 1,500 TOTAL IINCOhlE ANI D CNDOIVNINIENTS 1.622 48,172 49,794 67,633 IXPENDITURC ON: EXpEndir¢ on raising fiinds Expenditllre on cl)aritable activities Otliei. expenditure Net gainslllo55es) on investii)ents 163 59,383 59,546 63.474 TOTAL RESOtiRCE4 S EI XPENI DCD 163 59,383 59,546 63,474 NET IINCOINIEIIEXPEINDITURII 1,451) 111,2111 19,7521 4,159 Ti'a1151eTS bettveen fund% 116.4671 16,467 NET fvIOVEIllENI T IIN fuNDS Ili,01181 5,256 (9,752) 4,li9 RECONCILIATION or FUNDS TOTAL fuNDS BROUGHT fiORWARD 20.380 20.380 16.221 TOT.4L fiiNI DS C&lRRIED foRIVARD 5,372 10,628 20,380 I'hL Statement of Finiinciul Actiyities iNclu¢Jes 1[ gllins and losses in tlie ye&i' aiid thei'efoi'e 4 Stat¢meiit olTotal RecDgniscd Gains and Losscs hlls not beeR prepiii'ed All of tlie nbnve ainnunts relate to eontinuing activities The iecompnJLyiTrg llcfounling i>olieies nrtd Ihe nole$ form port of thcse flnllnciI StlEMents Page 8
HOME-START NORTH BELFAST BALANCE SHEET AS AT 31ST MARCH 2024 2024 2023 NOTES FIXED ASSETS Tangible assets CURRENT ASSETS Debtors and pi'epayments Cash at bank Casli on deposit Casli in hand 586 11,886 5,259 56 577 11,123 10,137 56 17,787 2l,893 Creditors: amounts falling due within one year 12 (7,159) (1,513) NET CURRENT ASSETSI(LIABILITIES) 10,628 20,380 TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES ) 10,628 20,380 Creditors: amounts falling due after more than one year NET ASSETSI(LIABILITIES) 10,628 20,380 FUINDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 14 5,372 20,380 RESTRICTED INCOME FUNDS 15 5,256 10,628 20,380 These f I statements wei'e appi'oved by the Trustees on 231'd October 2024 an DAVID KEENAN DIRECTOR DATE 231'd October 2024 The lleeompanying accounting policies 8nd notes form pnrt of these financial statements Page 9
HolE-sTART NORTH BELFAST NOTES TO THE FIINANCIAL STATETrIENTS FOR THE YEAR ENDED 31ST IWIARCH 2024 I. DONATIONS AND LEGACIES Unrestricted Restricted Fund5 Funds Unrestricted Re$trieted Funds Funds 2024 2023 Donations Legacies 2. INCOME FROM INvEsTlENTs Unrestricted Restricted ri unds Funds Unre$tri¢ted Restricted Fuiids Funds 2024 2023 In¢ome fi'om UK listcd inve5tiiienls Incom¢ ti'om cash 122 122 44 44 122 122 44 44 3. INcof¥lE FRof*l CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds 2024 2023 Bcltast H<alih & Social Care Trust BBC Children in Nccd Lloyds TSB Foundation for Northern Ireland Aivards for All Bcltasl City Council Bombardier Fouiidation Enkalon Foundation Cool FM Cash lor Kids Charity DFC Volunteer Halifax Fouiidation Flom¢-Siart UK - Volai)t Garden Project 35,228 35,228 34,034 34.034 5,485 5,485 13,200 13.200 10,420 10.420 5,000 5.000 1,521 8,000 1,521 8.000 Less.. Deterred Income (Seg Nole 111) (5.256) {5,256) 48.172 48.172 59,460 59.460 4. INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Fund5 Unrestricted Restricted Funds Fund$ 2024 2023 Fundraising 1,500 1,500 1.000 7,129 8.129 Insurance monies r¢¢eivable Less: Deferred Income 1,500 1.500 1.000 7.129 8,129 Pag¢ 10
HolE-sTART NORTH BELFAST NOTES TO THE FINANCIAL STATEIWIENTS FOR THE YEIAR ENDED 31ST fvIARCH 2024 S. EXPENDITURE ON RAISING FUNDS Uiiresti'icteil Restricted Funds Funds Unrestricted Restricted ri unds Funds 2024 2023 Pi'omotional and fundraising costs 6. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestrieted Resti'icted Funds Fund5 Uiire5tricted Restricted Funds Funds 2024 2023 Wages and salaries (Sce Notc 81 Social secui'ily costs (See Note 81 Repairs and office Inaintcn<ltice Printing, postage and slalioner), Staff travel & subsistence Family support costs Volunle¢r recruitment. training and expcnses Sundiy expcnscs Event Costs 42.928 758 42,928 758 41,497 727 120 121 715 10.547 796 41.497 727 120 250 814 7,944 287 250 814 7,944 287 715 10,547 796 400 400 1,291 53,381 53,381 55,814 55,814 Support Cost5 nnd Governance costs Staff and committee training Tclcplionc and inlernel Rent and sei'vice cl)arges Insurance Accountancy fees Otl)¢i' prolessional fees Subscriptions and licences Bank interest and cliarges 688 2.880 769 768 867 30 688 2,880 769 768 867 30 163 666 2,880 929 660 2,337 30 666 2,880 929 660 2.337 30 158 163 158 163 6,002 6,165 158 7,502 7.660 TOTAL EXPENDITURE of41 CHARJTABLE ACTIVITIES 163 59,383 59,546 158 63,316 63.474 Page 11
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEI D 31ST MARCH 2024 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after charging/(crediting) 2024 2023 Independent examiners remuneration Depi'eciation 768 660 8. SALARY COSTS AND EMOLUMEINTS 2024 2023 Total staff costs were as follows: Wages and salaries - key Inanagement personnel Wages and salaries other staff Staff pension costs Employei. social secui'ity costs - key management personnel Employer social security Costs - othei. staff Employer social security costs - Employment Allowance 25,200 17,728 758 2,222 65 (2,287 24,419 17,078 727 2,29 I (2,291) 43,686 42,224 The average monthly number of employees during the year was as follows: 2024 Number 2023 Number No employees had emoliiinents in excess of £60,000 (2023: £Nil) Trustees, remuneration and benefits There was no trustees, remunei'ation or other benefits for the year ended 3 1st Mai'ch 2024. (2023: £Nil) Trustees, Expenses There were no trustees, expenses paid for tlie year ended 3 Ist Mai'ch 2024. (2023.. £Nil) Page 12
Ho[E-sTART NORTH BEI LFAST NOTES TO THE FINANtIAL STATEMENTS FOR THE YEAR ENDED 31ST IWIARCH 2024 9, TANGIBLE FIXED ASSETS Office Equipinent Total COST As at 1st April 2023 Additions Disposals As at 3 1st March 2024 DEPRECIATION As at I st April 2023 Charge for year Eliminated on disposal As at 3 1st March 2024 Net book value 2024 Net book value 2023 Unrestricted Restricted Funds Funds 10. DEFERRED INCOME 2024 2023 Belfast Health & Social Care Trust BBC Children in Need Lloyds TSB Foundation for Northern Ireland Awards for All Belfast City Council Bombai'dier Foundation Enkalon Foundation Henderson Wholesale St Anne's Deans Sit-out Halifax Foundation Iron Man Competition Cool FM Cash for Kids Charity Home Start UK - Caring for Families Home Start UK - Pears Donations 5,256 5,256 5,256 5,256 Page 13
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR II NDED 31ST MARCH 2024 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Debtoi's Prepayinents 381 205 381 196 586 577 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security costs and otliei. taxes Accrued expenses Deferred income (See Note l O) 812 1,091 5,256 530 983 7,159 1,513 13. MOVEMENT IN FUNDS Opening Net Movement Balance in Funds 2024 2023 Unrestricted Income Funds General fund 20,380 (15,008) 5,372 20,380 20,380 (15,008) 5,372 20,380 Opening Net Movement Balance in Funds 2024 2023 Restricted Income Funds General fund 5,256 5,256 5,256 5,256 Page 14
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 14. UNRESTRICTED INCOME FUNDS 2024 2023 Balance at 1st April 2023 20,380 16,221 Incoining I'esources foi. tlie year Resoiii'ces expended foi. the year Ti'ansfers between funds 1,622 (163) (16,467) 1,044 (158) 3,273 Balance at 31 st Mai'ch 2024 20,380 15, RESTRICTED INCOME FUNDS 2024 2023 Balance at 1st Api'il 2023 Incoming resources foi. tlie year Resources expended foi. tlie yeai. Ti'ansfei's between funds 48,172 66,589 (59,383) (63,316) 16,467 (3,273) Balance at 3 1st Mai'ch 2024 5,256 16. LEGAL STATUS Hoine-stait North Belfast is a Company Limited by Guarantee. Each member has agreed to contribute £ l in the event of a compulsory winding up. Home-start North Belfast is a recognised Charity within tlie definition of Section 360{3) Income and Corporation Taxes Act 1970 by the Commissioners of the Inland Revenue. Home-start Noith Belfast is a Charity registered with The Charity Commission for Northei'n Ireland. Charity Numbei. 106103. Date of Registi'ation I Ith Api'tl 2017. Page 15