REGISTERED COMPANY NUMBER: N1054548 (Northern Ireland) Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for HOME-START DOWN DISTRICT M.B.Mc Grady & Co Chartered Accountants Statutory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS
HOME-START DOWN DISTRICT Contents of the Finjncial Statements FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Report of the Independent Auditors 6 to 9 Statement of Financial Aclivities io Balance Sheet
HOME-START DOWN DISTRICT Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the pury)oses of the Companies Act 2006, present their report with the fancial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice appltcable 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 2019). OBJECTIVES AND AcfiviTIES Objectives and aims We have refeed to the guidance contained in the Charity Commission's generdl guidance on public benefit when reviewing our aims and objectives and in planning our future activilies. The objects of the charity are.. to safeguard, protect and preserve the good health both mental and physical of children and parents of children. to prevent cruelty to or maltreatment of children- to relieve sickness, poverty and need amongst children and parents of children; to promote the education of the public in bettei standards of childcare. within the area of the Down District and its environs. Significant aetivities This has been another record breaking year in Home Start Down District. Over 300 families were supported by Home-start. In 1990 the figure was 147 families supported and this gives a clear indication of the growth over thÈs period, even despite the funding crisis and the austerity climate in which we now live. Home-start activities fit very well with the agenda of the GovernmenL focusing on preventative work with families. Our comprehensive monitoring and evaluation system allows us to demonstrate the many benefits of Home-start support. The figures and otber data collected in this way have been given to the Governmenl allowing them to see the type of support we give to families across Down District, as well as the needs identified. Although it is over 40 years since the very rst Home-start opened its doors. it is clear that it is every bit as relevant today as it was then. A detailed review of our achievements and perfomw]¢e can be found within Annual Report. Public benefit The trustees are confident that the charitable atms of Home-start Down District satisfy the principles of public benefit as defined in the Charities Act. They have referred to the guidance contained in the Charity Commtssion's general guidance on public benefit when reviewing the aims and objectives and in plamiing its future actlvities. How the charity activities deliver public benefit The charitable activities focus on meeting the needs of children and parents of children, and are undertaken to fvrther the charitable purposes for the public benefit. Social isolation, parental low Self-eStee families coping with mental healtb probleEns and children's behavioural problems are issues identified in families of all ages, regions, Countries and societies. Equal access to services is an important issue. Home-start Down District has an equal opportunity policy and diversity statement, which ensures that it has a culture, which is reinforced via a robust training progran4 which ensures equality of access to its services by gender, disability and sexual orientation. The trustees believe equal access to its services is vital to its success, and that successful outcomes must be shared by all communities that use its services. FINANCIAL REVIEW Prineipal funding source5 The principal funding sources for the charity are currently by way of granl and contract incon]e as set out in notes 2 to 6 in the accounts. As a result of increasing constraints on central governments and local authority expenditure. the charity has to seek funding from a much broader group of agencies.
HOME-STIKRT DOWN DISTIUCT Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Investment policy and objeetives A clear objective is to put operating SUTpluses into reserves each year, however this has proved impossible in the past few years for the reason expressed above. Having considered the options available, the Trnstees have decided that any reserves should be invested in secure bank deposits. The Trustees consider the overall rern on deposit accounts to be disappointing, but are not willing to place valuable resources in rÈskier investments. Reserves policy The Trustees have examined the charity's requirements for reserves in light of the main risks to the organi5ation. It ha5 established a policy whereby the unrestricted funds not committed or invested in tangible fed assets held by the charity should be between 6 and 9 months of the expenditt]re. It is hoped that budgeted expendithre will not exceed that of 20223/24. which was approximately £272,000 As at 31 March 2024 the unrestricted reserves of the Charity increased to £91,395 (2023.. £71,078). This is below the policy target of 6-9 months. The Management Committee has been conscious of the major reduclions in fu)ancial support from Govenvnent sources for some years now and has been keeping it under constant review. The Charity has been actively engaged with other sources of funding, with some success - so tbat the Committee has reasonable grounds for optimism that funds will be secured in sufficient amount to enable the work to continue next y&qr. To reiterate the matter is of paramount concern to the Committee and is kept under constant review. The Committee also wishes to emphasis again that the Charity provides its services to its client group on a notably cost effective basis and will continue to do so. FUTURE PLANS Service Development- To continue to provide services that nleets the needs of families in Down District Campaigning- To Énfiuence public policy to respond to the needs and aspirations of familles Public profile -To make the public aware of Home-start and the work that it does Finance -To ensure that Home-start has the income it needs and resources are effectively and accountably managed Physical resources -To ensure Home-start Down District has the premises and other physical resources it needs and these are effectively Managed Staff and volunteers -To ensure that Home-start Down District has the volunteers and staff it needs and these volunteers and staff receive the appropriate support, supervision, feedbacK training and recognition Governance -To ensure that the governance of Horne-start Down District by the management committee meets the requirements of the laiv and good practice. The charity plans continuing the activkties outlined above in the forthcomÈDg years subject to satisfactory funding arrangements. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a deed of trusL and constitutes a limited company, limited by guarantee, as defmed by the Companies Act 2006.
HOME-START DOWIY DISTRICT Report of the Trustee5 FOR THE YEAR ENDED 31 MARCH 2024 The charity is controlled by its governFng documenL a deed of twst, and constitutes a limited company, limited by guarantee, as def]ned by the Companies Act 2006. . The organisation is a charitable company limited by guarantee. incoryjordted on 6 April 2005 and registered as a charity on 6 April 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and È5 governed under its Articles of Association. In the event of the cornpany being wound up members are required to contribute an amount not exceeding £1. Home-start Down District an unincorporated association transferred its charitable Purposes set out in its Constitt]tion to Home-start Down District a company limited by guardntee registered in Northern Ireland under number N1054548 on the 8th September 2005. Reeruitment and appointment of new truslees The directors of the cotnpauy are also charity Tnle¢S for the purposes of charity law and under the requirements of the Memorandum and Articles of Association one third (or the number nearest one third) of the Trustees must retire at each AGM, those longest in office retiring rst and the choice between any of equal service being made by drnwing lots. A broad mix of business. professional and other skills are well Tepresented on the Management Conllnittee and all Trustees are chosen on the basis of their willingness to serve. ability, governance experience and support of the ethos, misston and philosophy of the organisation. Organisational structure The senior staff of the charity are.. Dorothy Mcmullan (Senior Organiser) Imelda Hynds (Ballynahinch Organlser) Sharon Robson (Newcastle Organiser) Induction and training of new trustees New Trustees are briefed on their legal obligations under charity and compaThy law, the content of the Memorandum and Articles of Association, the committee and decision making processes. the business plan and recent fll)an¢ial perfommnce of the charity. They meet key employees and other Tntees. The Trustees and management committee are encouraged to attend appropriate external traÈning events wbere these will facilitate the undertaking of their role. Risk managetneDt The tnteeS have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are tn place.to provide reasonable assurance against fraud and error. The Trustees have a risk management strategy which comprises: an annual review of the risks the charlty may face; the establishment of systems and procedures to mitigate thiise risks identifie.d in the plan. and - the implementation of procedures designed to minirnise any potential impact on the charity should those risks materialise. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1054548 (Northern Ireland) Registered Charity number XR87094
HOME-START DOWN DISTRICT Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 Registered office 14-15 tnnovation House Down Business Park 46 Belfast Road Downpatrick Co. Down BT30 9UP Trustees Mrs M Kearney Director R P Smith Retired Mrs F I Crory Retired D Mcgregor Legal Advisor Ms B Owens Retired teacher M Walls Charity Manager (Tesigned 181512023) Company Secretary Ms B Owens Auditors M.B.Mc Grady & Co Chartered Accountants Statutory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Home-start Down District for the PUTposes of company law) are responsible for preparing the Report of the Trustees and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law require5 the trustees to prepare fll]ancial statements for each fmancial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of. the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable ac¢ounting policies and then apply them consistently" observe the methods and principles in the Charity SORP. make judgernènts and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the fmancial position of the charitable company and to enable them to ensure that the fmancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assels of the charitable company and hence for taking reasonable steps for the prevention and detection of frdud and other irregularities. In so far as the trustees are aware: there is no relevant audit infonnation of which the charitable companys auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infonnatÈon and to establish that the auditors are aware of that inforniation.
HOME-START DOWN DISTRicr Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 AUDITORS The auditors, M.B.Mc Grady & Co, will be proposed foi re-appointtnent at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of tStee5 on 15 November 2024 and signed on its behalf by.. Mrs F I Crory- Tntee
Report of the Independent Auditors to the Members of Home-start Down District Opinion We have audited the fmancial statements of Home-start Down District (the '¢haritable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the fman¢ial statements, including a summary of significant accounting policies. The fanCIal reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In OUT opinion the fmancial statements.. give a true and fair view of the state of the charitable compan$ affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted OUT audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibllities under those standards are further described in the Auditors. responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the funcial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evRdence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conelusions relating to going ¢oncerll In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the fman¢ial statements is appropriate. Based on the work we have perfornied. we have not identified any material uncertainties relating to events or conditions thaL individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the fllwicial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other inforn)ation. The other inforniation comprises the inforniation included Trn the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated ?n our report, we do not express any fonn of assurdnce conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other infonnation and. in doing so, consider whether the other inforniation is materially inconsistent with the fall¢la1 statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we required to deterniine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perforn]ed, we conclude that there is a Material" misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the inforniation given in the Report of the Trustees for the fmancial year for which the funCIal statements are prepared is consistent with the fmanckal statements. and the Report of the TSteeS has been prepared in accordance with applicable legal requirements.
Report of the Independent Auditors to the Members of Home-start Down District Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material mi55tatements in the Report of the TThteeS. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept 01 returns adequate for our audit have not been received from branches not visited by u5- 01 the financial statements are not in agreetnent with the accounting records and returns. or certain dtsclosures of trustees, remuneration specified by law are not made. or we have not received all the inforniation and explanations we require for our audit. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more lEY in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the Charitable company for the Purposes of company law) are responsible for the preparation of the fmancial statements and for betng satisfied that they give a true and fair view, and for such internal control as the trustees detemiine is necessary to enable the preparation of fmancial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the tnteeS are responsible for assessing the charitable company's ability to continue as a going Conce disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5, or have no realistic alternative but to do so.
Report of the Independent Auditors to the Members of Home-start Down District Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable &ssurance about whether the fmancial statements as a whole are free from material Misstatement, whether due to fraud or error. and lo issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a hTrgh level of assurance. but is not a guaiantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these fmancial statements. The extent to whicb our procedures are capable of detecting irregularities, including fraud is detailed below: The extent to which the audit was considered capable of detecting itregularities including fraud. OUT approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows- the engagement partner ensured that the engagement team collectively had the approprtate competence, capabilities and skills to identify or Tecognise non-compliance with applicable laws and regulations. owe identified the laws and regulations applicable to the company through discussions with directors and other managemenL and from our commercial knowledge and experience of the computer component manufacturing and supply sector. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operalions of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, enviromnental and health and safety legislation. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. and Èdentified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statemetLts to material misstatemenL including obtaining an understanding of how fraud might occur, by: making enquiries of management as to wbere they considered there was susceptibility to fraud, their knowledge of acrnal, suspected and alleged fraud- and considering the internal controls in place to mitigate risk5 of fraud and non-complÈance with laws and Tegulations. To address the risk of fraud through management bias and override of controls, we: perfornied alla11CaI procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions. assessed whether judgements and assumptions made in deterniining the accounting estimates set out in the notes were indicative of potential bias. and investigated the rationale behind significant or unusual transactions. In response to the risk of Iegular1tLeS and non-compliance with laws and Tegulations, we designed procedures which included, but were not limited to.. agreeing fanCIal statement disclosure5 to underlying supporting documentation. reading the minutes of meetings of those charged with governance" enquiring of management as to actual and potential litigation and claims. and reviewing CoespOndence with HMRC. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to frdud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the fmancial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsTesponsibilities. This description fornis part of our Report of the Independent Auditors.
Report of the Independent Auditors to th¢ Members of Home-start Down District Use ofour report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the tsllest extent permitted by law, we do not accept or assurne responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have forn]ed. Malachy B rady enior S for and on be ofM.B.Mc Chartered Accountants Statutory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS arn dy ry Auditor) 15 November 2024
HOME-START DOWN DISTRICT Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024 3113124 Total funds 3113123 Total funds Unrestrieted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 22 J24 22,324 14,066 Charitable activities Downpatrick Ballynahinch Newcastle 92,070 52,816 39,717 59,092 144,886 39.717 66,392 140,141 19,130 22,500 7JOO Other trading activities Investment income 12,209 789 12,209 789 2,810 127 Total 134,692 151,625 286J17 198,774 EXPENDITURE ON Charitable activities Downpatrick Ball)othinch Newcastle 35,076 44,660 34,639 50J16 39,717 67,783 85,392 84,377 102,422 82,149 91,912 85,579 Total 114J75 157,816 272,191 259,640 NET INCOMEI(EXPENDITURE) 20J17 (6,191) 14,126 (60,866) RECONCILIATION OF FUNDS Total funds brought forward 71,078 6,191 77,269 138,135 TOTAL FUNDS CARRIED FORWARD 91a95 91J95 77,269 The notes forn) part of these fmancial statements io
HOME-START DOWN DISTRICT Balance Sheet 31 MARCH 2024 3113n4 Total funds 3113123 Total funds Unrestricled ruDds Restricted funds Notes FIXED ASSETS Tangible assets 323 323 435 CURRENT ASSETS Debtors Cash at bank 44,453 67,247 44,453 67,247 35.051 76,992 111,700 111,700 112,043 CREDITORS Amounts falling due within one year io (20,628) (20,628) (35,209) NET CURRENT ASSETS 91,072 91,072 76,834 TOTAL ASSETS LESS CURRENT LIABILITIES 91J95 91 J95 77,269 NET ASSETS 91J95 91J95 77,269 FUNDS Unrestricted tsnds Restricted funds 12 91J95 71,078 6.191 TOTAL FUNDS 91,395 77269 These financial statements have been Prepared in accordance with the provisions applicable to charitable companies subject to the small companies Tegin]e. The financial statements were approved by the Board of Tnte¢S and authorised for issue on 15 November 2024 and were signed on Éts behalf by.. R P Smith - Trustee The notes fonn part of these financial statements
HOME-START DOWN DISTRICT Notes to the Finxncial Statements FOR THE YEAR ENDED 31 MARCH 2024 AccouiYfiNG POLICIES BasÈs of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (efftctive l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements bave been prepared under the historical cost conventlOD. Critic81 aecounting judgements and key sources of estimation uncertainty Estimates and judgment5 made in the process of preparing the fmancial statements are continually evaluated and are based on historical experience and other factOT4 including expectations of tllre events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Charitys accountÈng policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to Carrying amounts of assets and liabilities within the next financial year. Income All income 15 recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all wst related to the category. Wheie costs cannot be directly attributed to particular headings they have been allocated to activities on a basis CODSiStent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Short leasehold Computer equipment 200/0 on cost 20% on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the cbaritable objectives at the discretion of the trustees. Restricted fimds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fimd is included in the notes to the fmancial statement5. Foreign currencies A55ets 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 transaction. Exchange differences are taken into account in arriving at the operating result. 12 continued...
HOME-START DOWN DISTRICT Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Pension costs and other post-retirement benefits The charitable company operate5 a defed contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. OTHER TRADING ACTIVITIES 31nn4 3113r23 Fundraising events 12209 2,810 INVESTMENT INCOME 31n124 3113123 Deposit account interest 789 127 NET INCOMEIIEXPENDITURE) Net income/(expenditure) is stated after chargingJ(crediting): 3113124 3113123 Auditor5, remuneration Depreciation - owned assets 3,240 112 3,000 141 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru5tees' expenses There were no truslees, expenses paÈd for the year ended 31 March 2024 nor ftir the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 3113124 3113n3 Organisers Administration Family Group staff li No employees received emoluments in excess of £60,000. 13 continued...
HOME-START DOWN DISTIUCT Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total fund5 INCOME AND ENDOWMENTS FROM Donations and legacies 14,066 14,066 Charitable activities Downpatrick Ballynahinch Newcastle 96,591 43.550 19,130 22,500 140,141 19,130 22,500 Other trading activities Investment income 2,810 127 2,810 127 Total 113,594 85,180 198,774 EXPENDITURE ON Charitable aelivities Downpatrick Ballynahinch Newcastle 31,999 72.782 48,079 50,150 19,130 37,500 82,149 91,912 85,579 Total 152,860 106,780 259,640 NET tNCoMEI{EXPEIITuRE) (39,266) (21,600) (60,866) RECONCILIATION OF FUNDS Total ndS brought forward 110,344 27,791 138,135 TOTAL FUNDS CARRIED FORWARD 71,078 6,191 77,269 TANGIBLE FIXED ASSETS Short leasehold Computer equipment Tot81s COST At l April 2023 and 31 March 2024 7,326 8J69 15,695 DEPRECIATION At l April 2023 Charge for year 7J26 7,934 112 15260 112 At 3 E March 2024 7a26 8,046 15?72 NET BOOK VALUE At 31 March 2024 323 323 At 31 March 2023 435 435 14 continued...
HOME-START DOWN DISTRICT Notes to the Financial Statements - eontinued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113124 3113123 Other debtors 44,453 35,051 io. CREDITORS: AMOUNTS FALLING DUE THIN ONE YEAR 3113r24 3113123 Other loans (see note I l) Social security and other taxes Accruals and defeed income 1,750 2,797 30,662 2,926 17,702 20,628 35,209 ii. LOANS An analysis of the maturity of loans is given below: 3113n4 3113123 Amounts falltng due within one year on demand: Other loans 1,750 12. MOVEMENT IN FUIYDS Net movement Èn fuDds At 3113124 At 114123 Unrestricled funds General fund 71,078 20,317 91,395 Restricted funds Community Foundation 6,191 (6,191) TOTAL FUNDS 77,269 14,126 91 J95 15 continued...
HOME-START DOWN DISTIUCT Notes to the Financial Stgtements - Continued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS - continued Net movement in funds, Included in the above are as follows: Incoming resources Resources expended Movernent in funds Unrestrieted funds General fimd 134,692 (114a75) 20,317 Restricted funds Henry Smith Charity Community Foundation Newry Mourne & Down District Council CLEAR Project County Down Rural Community Network The Pathway Fund Cash for Kids Department of Communities Community Fund National Lottery Clanmil 34,000 9,000 4,866 5,000 7265 25,000 11,450 8,111 44,433 2,500 (34,000) (15,191) {4,866) (5,000) (7265) (25,000) {11,450} (8,111} (44,433) (2,500) (6,191) 151,625 (157,816) (6,191) TOTAL FUNDS 286J17 (272,191) 14,126 Comparatives for movement in funds Net movement in funds At 3113123 At 114122 Unrestricted funds General lld 110,344 (39266) 71,078 Restricted funds Henry Smith Charity Community Foundation 6,600 21,191 (6,600) (15,000) 6,191 27,791 (21,600) 6,191 TOTAL FUNDS 138,135 (60,866) 77,269 16 continued...
HOME-ST ART DOWN DISTRICT Notes to the Financial Statement5 - Cofitinued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMEiYf IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Garfield Weston Home Start UK 97,594 15,000 1,000 (136,860) (15,000) (1,000) (39,266) 113,594 (152,860) (39266) Restricted funds Henry Smith Charity Big Lottery Awards Community Foundation CLEAR Project The Pathway Fund Cash for Kids 33.350 10,000 (39,950) (10,000) (15,000) (6,630) (25,000) (10,200) (6,600) (15,000) 6.630 25,000 10,200 85,180 (106,780) {21.600) TOTAL FUNDS 198,774 (259,640) (60,866) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 3113124 At 114122 Unrestricted funds General fund 110,344 (18,949) 91.395 Restricted funds Henry Smith Charity Community Foundation 6,600 21.191 (6,600) (21,191) 27,791 (27,791) TOTAL FUNDS 138,135 (46.740) 91,395 17 continued...
HOME-START DOWN DISTRICT Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS - continued A current year 12 Months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Garfield Weston Home Stsrt UK 232,286 15,000 1,000 (251,235) (15,000) (1,000) ( 18,949) 248,286 (267235) (18,949) Restrieted funds Henry Smith Charity Big Lottery Awards Comrnunity Foundation Newry Mourne & Down District Council CLEAR Project County Down Rural Community Network The Pathway Fund Cash for Kids Departtnent of Communities Cornmunity Fund National Lottery Claomil 67,350 10.000 9,000 4,866 I 1,630 7,265 50,000 21,650 8,111 44,433 (73,950) (i 0,000) (30,191) (4,866) (11,630) (7,265) (50,000) (21,650) (8,111) (44,433) (6,600) (21,191) 11 2,500 (2,500) 236.805 (264,596) (27,791) TOTAL FUNDS 485.091 (531,831) (46,740) 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 14. ULTIMATE CONTROLLING PARTY The governance of the charity is canied out collectively by the voluntary directorsltrustees and as such does not have an ultimate controlling party. 15. COMPANY LIMITED BY GUARAiYfEE The charity is a company limited by guarantee without a share capital. The liability of the members is limited to an atnount not exceeding £ l. 18