HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ( A COttrlPANY LI1lITED BY GUARAIYTEE 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 2025 CONTENTS Page Members and Professional Advisors Trustees Annual Report (includin(F the Statement of Trustees Responsibilities in respect of financial statements) 2a to 2e & PacTe 3 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 2025 OFFICERS AND OTHER INFORMATION Directors, Dr David Keenan (Chairyrrson) Judith Wylie (Treasurer) Judith Woods Janet Mccrellis Dr 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 Statutory Auditors 547 Falls Road Belfast, BTI19AB Solicitors Magennis and Creighton 572 Shore Road Newtownabbey, B T37 OSL Bankers Ulster BaDJ( Limited Antrim Road Branch 2021206 York Street BelfasL BTI 5 IHY Company Registration Number Nl 067397 Charity Commission Northern Ireland NIC 106103 Charity Registration Number XR 34494
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 REPORT OF THE DIRECTORS The directors present their report together with the audited financial statements for the year ended 31 st March 2025. INCORPOII4TION 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 forms, 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 Posltion at the year end to be satisfactory. RESULTS The surplus of the company for the year ended 31 st March 2025 was £17,690 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 otrice 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 DR DAVID KEENAN CHAIRPERSON DATE: 9th September 2025 Page 2
HOME-START NORTH BELFAST: ME STIRT OUR IMPACT 202412025 North Belfast At Home-start, we believe every child needs a happy and secure childhood. We believe parents have the key role in ensuring children have the best start in life. We tackle the difficulties families encounter rather than waiting to patch up the consequences. Home-start North Belfast has been working for better outcomes for children under 5 for 30 years. Thanks to compassionate volunteers, generou5 donors and committed partners, this is what we achieved in 2024/2025. The first live years of a child's life are vital for development. We focus on supporting parents during this time to have the 5ki115, confidence and strength to nurture their children. 83 Children benefited from regular home visits. Trained volunteers listen, encourage and be an extra pair of hands to families who are struggling. Impact on Children 257 75 CIHldTen neffted from the diverse family support group, which provides vital support as children start nursery and schoo Child ren benefited f rom food bags, electric, gas, clothes and bedding thanks to Cash For Kids and Storehouse. This helps families budget for other necessities Children were positively impacted by Home- Start North Belfast's work in 2023/2024 Volunteer Impact Volunteers served on the Management Committee 15 Volunteers give on average 3 hours every week to visit families at home Advisors offered guidance and support "When a family is hit by one of those bad patches that lie in wait for all of us. and whatever the specific need. a Home-start volunteer has friendly support to of fer. Penelope Leach, Author and Chlld Care Expert "I have enjoyed working with 2 families this year and it is amaziThJ to see them grow in confidence and enjoy their family. Volunteer, Home-start North Belfasi Donors Partners Belfost HÈalth & Social Core Trust Home-start UK Home-start East Belfast . Belfast Hedlth & Social Care Trust . Halifax. The Nationol Lottery Cash For Kids Deans sit out Jolly Roger CompleK 85 Allian Road. BeifasL l47]E. t028 9Q 714110 •;infi>@ho¥ne5tartnb.or&.uk
TRUSTEES REPORT 2024-2025 STRATEGIC REPORT North Belfast has significant pockets of social and economic deprivation that has been exacerbated by the legacy of 30 years of conflict. The area was disproportionality affected with a large number of related deaths. Statistics indicate tha there are higher levels of poor mental health and a greater dependency on prescription drugs in the area which researc has been linked to this difficult history. Transgenerational trauma is also now regarded as an issue as the anxieties of those who lived through the Troubles now impact on their children. Home-start support is available to any family, irrespective of socio-economic statijs or religion. Achievements and performan Home-start North Belfast has a committed staff and volunteer team. strong partnerships and generous donors. From I, April 2024 to 31" March 2025 Home-start North Belfast SUPPOrted 30 families in the area by home-vi5iting. The scheme delivers the home-visiting core service of parent volunteers supportin8 familie5 under stress: in their own honies, where there is at least one child under five. It also provided a Family Group to 36 families which meets weekly during term-time, This group allows parents and children to come together to learn to play and develop a5 a family. The group is structured and all activitles are planned in advance and in consultation with the families, volunteers and 51aff. Activities practice school readiness and encourage parents to continue this at home. We also provided a food-bank service to a large number of our families as well a5 gas. electric, clothe5 and bedding when funding allows, Financial review In a difficult economic climate, we have managed to sustain the organisation financially this year. The trustees thank the donors who supported projects during the period, including Belfast Health and Social Care Trus Awards for All and Halifax. The overall income for the year was. Lawrence will provide on the day and I will correct The Trustees are mindful that the organisation needs to secure grant funding for periods longer than one year to provi stability and enable better planning. We are also mindful that unrestricted funding needs to be in accordance with our Reserves Policy which strives to have at least three months operating costs in the reserve account. Plans for future periods Maximising opportunities to secure funding remains a priority. In particular, we wsll endeavour to diversify Ouf funders and secure funding for periods longer than one year. We will seek to strengthen existing, and develop new, partnerships With variou5 Stakeholder5, including for family referrals and volunteer recruitment. We will work to maximise synergie5, particularly for larger funding applications. Throughout the next year, we will seek to recruit new trustees to diversify skills and experience on the Management Committee. Structure, governance and management The organisation as 5 Trustees on the Management Committee who bring a range of skills and experience to ensure oversight and guide the strategy of the organisation. The Management Committee meet 7 times a year at 6 week intervals, except during the Summer, to review income and expenditure, discuss key activities and future pans. There are 3 staff in the scheme. Every week the Co-ordinator works 30 hours, 2 Project Workers at 15 hours and 16 Hou The organisation works closely with Home-start UK and completes its quality Assurance to ensure standard5 are maintained.
HOME-START NORTH BELFAST FINANCIAL STATEfvIENTS FOR THE YEAR EINDED 31ST MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees, are responsible for preparino 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 31 st March 2025. The Trustees confinn that they complv with the requirements of the Charities Act (Northem 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 accountin(T 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 of the 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 infonnation of which the company's independent examiner is unaware; and the directors have taken al I steps that they ought to have taken to make themselves aware of any relevant infonnation and to establish that the independent examiner is aware of that infomiation. By order e board: DR DAVID KEENAN DIRECTOR DATE 9th September 2025 Page 3
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Independent Examiner's Report to the Trustees of Home-slart North Belfast I report on the accounts of the company for the year ended 3 1st March 2025 which are set out on pages I to 15. Respective responsibilitie5 of trustees and examiner As the charity trustees (and a150 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 tnyself 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 (Feneral 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 examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination wa5 carried out in accordance with the oeneral Directions given by the Charity Commission for Northem Ireland under section 65(9){b) of the Charities Act. The exaTnination included a review of the accountin(J records kept by the charity and a comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts. and seekina explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention triving me cause to believe: l. That accounting records were not kepi in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accountino records 3. That the accounts do not comply with the accountints requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Siaiement of Re¢omTnended Practice applicable to charities preparin(T their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further infonnation needed for a proper understandints of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters ( l ) to (4) listed above and, in connection with following the Directions of the Chartty Commission for Northern Ireland, I have found no matters that require drawing to your attention. LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEARER, Statutory Auditor O'HAIL4 SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI19AB Dated: 9th September 2025 Page 4
HOME-START NORTH BELFAST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accountina 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 preparin(v their accounts in accordance with the Financial Reporting Standard which applies in the UK and Republic of Ireland {FRS 102) (effective l January 201)) {Charities SORP (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 met, 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 normally 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 inCued through operational activities. Governance costs represent the costs associated with the governance arrangements of the charity which relate to the (yeneral 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 STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 STATEMENT OF ACCOUNTING POLICIES Conlinued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rates: OtTice equipment 20% residual value Repairs and Renewals All repairs and renewals are written off as incurred 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 nomially recognised at their settlement amount after allowing for any trade discounts due. FRnancial 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 usints 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 rulinfj 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 202) STATEMENT OF ACCOUNTING POLICIES Conlinued 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 or for specific purposes, the use of whicli is restricted to that area or purpose. The income received from funders 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 the harity's aims and objectives. Such income can be repayable to the funder if such e.xpenses plans and criteria are not met. Such income is only deferred when the donor specifies that the grantldonation must only be used in future accounting periods. or the donor has imposed conditions which must be met before the charity has unconditional entitleinent. Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned as the related goods/services are provided. Grant income included in this category provides funding to support p¢rfonT]ance activities and is recognised where there is entitlement. certainty of receipt and the amount can be measured with sufficient reliability. Income is defeed when= feeslperfonnance related grants are received in advance of the performance/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
HONIE-ST.IRT.NORTH BELF.4ST ST.ITENIENT OF FIN4.4N4CI.4L.4crii'iTIES FOR THE I'EAR ENDED 31ST NI.4RCH 202) incor orntIn the incorne ¢ endilure account l-nrestricled Restricted Endownment TOT.4L TOT.4L FuNd5 Fund5 Funds 202) 2024 NOTES INCOINIE .4ND END01.[EI TS FROINI: Donations and legacies Income from investrnents Income from charitable activities Income from other trading activities 74 74 73.515 l.i(M) 122 48.172 1.500 l.iOO TOT.4L INCONIE.4ND ENDOW),NIENI TS lJ74 73DIi 74,889 49,794 EXPEINDITLIRE ON: Expenditure on raising funds Expenditure on charitable aciivities Other expenditure Net gainslilosses) on investttlents 160 57.Oi9 57.199 59.546 TOTAL RESOURCES EXPENDED 160 57.039 57.199 59.546 I IT I)1 iCONIEI{EXPE*4DITLREI 1.214 16,476 17,690 (9,752) Transfers between funds 2.255 (225)) NET IWIOVENI IENI T IN FLI)4DS 3.469 14.221 17,690 19,752) RECONCILIATION OF FI:NDS TOTAL FIINDS BROIIGHT FORWARD 5.372 5256 10.628 TOTAL FIINDS CARRIED FORWARD 8,841 19.477 28,318 10,628 The Statement of FKnantial .4ctivititS Includes all gains and losses in the year and therefore St4tement of Total Reeognised Gains and Lo55es has not been prepared All Of the Aboye amounts rela¢t to eontinuing activities The actompattying i¢¢ottniing polbtie5 #nd the fonB psrt of these financial statemeThts Page 8
HOME-START NORTH BELFAST BALANCE SHEET AS AT 31ST MARCH 2025 2025 2024 NOTES FIXED ASSETS Tangible assets CURRENT ASSETS Debtors and prepayments Cash at bank Cash on deposit Cash in hand 590 586 11,886 5,259 56 5,333 56 29,915 17,787 Creditors: amounts falling due within one year 12 (1,597) (7,159) NET CURRENT ASSETS/(LIABILITIES) 28,318 10,628 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES ) 28,318 10,628 Creditors: amounts fallino due after more than One year NET ASSETS/(LIABILITIES) 28,318 10,628 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 14 8,841 5,372 RESTIUCTED INCOME FUNDS 15 19,477 5,256 28,318 10,628 These fina and I statements were approved by the Trustees on 9th September 2025 heir behalf by: DR DAVID KEENAN DIRECTOR DATE 9th Se tember 2025 The aecompanying accounting policies and noles fortn pgrt of these financial statements Page 9
HOME-START NORTH BELF.4ST P40TES TO THE FINA.%iCI.4L STATEMENTS FOR THE I EAR ENDED 31ST MARCH 2025 I. DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Unrestricted Restricted Fund$ Fllnds 2025 2024 Donations Legacies 2. INCOME FROM INVESTMENTS Unrestricted Restricted Funds Funds Unrestrleted Restricted Funds Funds 2025 2024 Income from UK listed investments Incom¢ from cash 74 74 122 122 74 74 122 122 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricttd Restricted Funds Funds Unrestricted Restricted Funds Funds 2025 2024 BLllast Health & Social Care Trust BBC Children in Need Llovd5 TSB Foundation for Northem Ireland Awards for All Bcli"ast City Council Bombardier Foundation Enkalon Foundation Cool FM Cash for Kids Charity Dfc Volunteer Now Halilax Foundaiion Home-start UK- Pcars Breh1ng Space Fund 37.759 37.759 35.228 35,228 17.500 17,500 5.?56 5,256 13.200 13.200 5.000 8.000 5.000 5.000 5,000 Less-. Deterrcd Income {See Nole 10) {5.2561 (5,256) 73.515 73.515 48.172 48.172 4. INCOME FROM OTHER TIL4DING ACTIVITIES Unrestricted Restricted Funds Funds Unrestrifted Restricted Funds Funds 2025 2024 Fundraising 1.31X 1.31M) 1.500 1,500 Insurance monie5 receivable Less.. Detcrred Income -300 .300 1.500 1.500 Page 10
HOlETART NORTH BELFAST NOTES TO THE FINAf4lCI.4L STATEMENI TS FOR THE I'EAR ETr4DED 31ST fvIARCH 2025 5. EXPENDITURE ON IL4151NG FUNDS UnTestricied Restricted Funds Funds Unrestricted Restricted Funds Funds 2025 2024 Promotional fundraising costs 6. E.XPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Unre5tTlCted Restricted Funds Funds 2025 2024 Wages and salaries Isee Note 81 Social securilv costs (See Nore 8) Repairs and oifice maintenance Priniing. posiage and stutioncrv Statytravel & subsistence Family suppori cosis Volunteer recruitmenL training and e,¥[n5¢S Sundry expenses Event Costs 38.859 758 38.859 758 42.928 758 42.928 758 927 988 927 988 6.996 487 250 814 7,944 287 250 814 7.944 287 487 400 400 49.015 49.015 53,381 53J81 Support Costs and Governance cost5 Staff and committee training Telephone and internei Rent and service charges Insuran¢e Accountancv fees Other professional fees Subscriptions and liccnces Bank interest and charges 932 2.880 792 786 504 2.130 932 2.880 792 786 504 2.130 160 688 2.880 769 768 867 30 688 2,880 769 768 867 30 163 160 163 160 8.024 8.184 163 6,002 6,165 TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES 160 57.039 57,199 163 59.383 59,546 Page 11
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 7. NET (OUTGOING)/ INCOMING RESOURCES FOR THE YEAR This is stated after charginol(crediting) 2025 2024 Independent examiners remuneration Depreciation 786 768 8. SALARY COSTS AND EMOLUMENTS 2025 2024 Total staff costs were as follows: Wages and salaries - key management personnel Waoes 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 25,200 13,660 758 2,222 49 (2,271) 25,200 17,728 758 2,222 65 (2,287) 39,618 43,686 The avera(ye monthly number of employees during the year was as follows: 2024 Number 2024 Number No employees had emoluments in excess of £60,000 (2024: £Nil) Trustees, remuneration and benefits There was no trustees, remuneration or other benefits for the year ended 31 st March 2025. (2024: £Nil) Trustees, Expenses There were no trustees, expenses paid for the year ended 31 st March 2025. (2024: £Nil) Page 12
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 9. TANGIBLE FIXED ASSETS Office Equipment Total COST As at 1st April 2024 Additions Disposals As at 31 st March 2025 DEPRECIATION As at 1st April 2024 Charge for year El iininated on disposal As at 3 1st March 2025 Net book value 2025 Net book value 2024 Unrestricted Restricted Funds Funds 10. DEFERRED INCOME 2025 2024 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 Cool FM Cash for Kids Charity Home Start UK - Caring for Families Home Start UK - Pears Donations 16,958 16,958 1,300 1,300 2,519 2,519 5,256 1,300 19,477 20,777 5,256 Page 13
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 202) 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Debtors Prepayments 381 209 381 205 590 586 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Social security costs and other taxes Accrued expenses Deferred income (See Note l O) 488 1,109 812 1,091 5,256 1,597 7,159 13. MOVEMENT IN FUNDS Opening Net Movement Balance in Funds 2025 2024 Unrestricted Income Funds General fund (See Note l O) 5,372 3,469 8,841 5,372 5,372 3,469 8,841 5,372 Opening Net Movement Balance in Funds 2025 2024 Restricted Income Funds General fund (See Note 10) 5,256 14,221 19,477 5,256 5,256 14,221 19,477 5,256 Page 14
HOME-START NORTH BELFAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 14. UNRESTRICTED INCOME FUNDS 2025 2024 Balance at 1st April 2024 5,372 20,380 Incoming resources for the year Resources expended for the year Transfers between funds 1,622 (163) (16,467) (160) 2,255 Balance at 31 st March 2025 8.841 15. RESTRICTED INCOME FUNDS 2025 2024 Balance at I st April 2024 5,256 Incoming resources for the year Resources expended for the year Transfers between funds 73,515 48.172 (57.OJ9) (59,383) (2.255) 16,467 Balance at 3 1st March 2025 19,477 5,256 16. LEGAL STATUS Home-start North Belfast is a Cotnpany Limited by Guarantee. Each member has agreed to contribute £ l in the event of a compulsory winding up. Home-start North Belf1 is a recognised Charity within the definition of Section 360()) 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