REGISTERID COMPANY NUMBER: N1054548 (Northern Ireland) Report of the Trustees Financial St#tements for the Year Ended 31 March 2025 for Home-start Down District M.B.Mc Grady & Co Chartered Accountants Statutory Auditors Rathmore Hoiise 52 St Patricks Avenue Downpatrick Co. DOM BT30 6DS
Home-start Down Dislrict Contents of the Financial Statements for the Year Ended 31 Mgrch 2025 Page Report of the Trustees Report of the Independent Auditors Statement of Financial Activities io Balance Sheet Notes lo the Financial Statements 12 to 19
Home-start Down District Report of the Trustees for the Year Ended 31 March 2025 Tlie twstees who are also directors of the charity for the Purposes of the Coinpanies Act 2006, present theiT report with tlie financial statements of the ¢harity for the yeaT ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReportlDg Slandard appEicable in the UK aT)d Republic of Irelatsd (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The trustees have referred to the guidance contained in the Charity Conunission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The obj¢¢ts of the ¢barity are: lo safeguard. protect and preserve the good healtb both mental and physical of childreD and par¢nts of children. to PTevent cruelty to or maItreatmenl of children. to relieve sickness, poverty and need amongst children and paTents of children. to promote the education of the public ill better standards of childcare. within the area of the Down District and its environs. Significant activitie5 This has been another record breaking year in Home Start Down District. Over 466 families were supported by Home-start and 766 children. In 1990 147 fatnilies were supported. A cleaT illdication of the gro over tbe years. notwithstanding seveTe funding difficulties in the general economy in recent years. The Trustees consider that Home-start activities fit very well with the agenda of tbe Govenllnent, focusing as it does on preventative work with families. Our ¢OmPTehensive monitOTing and evaluatioll system allows us to demonstrate the many benefits of Home-start support. The figures and other data collected in tl)is way bave been reported to the Government. evidencing the type of support we PTovide to fanulies across Down Dislrict. as w¢ll as the needs 'dentifi¢d. Althougb it is over 40 years since the very first Home-start opened ils doors, it is clear that it is every bit as relevant today as il was then. A detailed Teview of our achievements and perfonnance can be found within our Annual Report. Public benefjt The trustees are confident that the charitable aims of Home-start Down District satisfy the principles of public benefit as defined in tlie Charities Act. They have referred to the guidance contained in the Charity Con)n)ission's general guidance on public benefit when reviewing the aims and objectives and in planning its future activities. How the charity activities deliver public benefit The charitable activities focus on meeting the needs of children and parents of cbildren, and are undertaken to rther the ¢haTitsble puOSe8 for the public benefit. Social Isolatio parental low self<steem, families coping with mental health problems aDd children's behaviourAI problems are issues identified in fall)ilies of all ages, regions, countries and societies. Equ ac¢ess to services is an important issue. Home-start Down District bas an equal opportunity policy and diversity Statement. This is desIged to egtablish that it has & culture, (reinforced via a robust training program), wlLich is designed to ensure equality of access to its seTYices by gender, disability and sexual orientation. The tTUStees believe equal access to its services is vitsl to its operations, and endeavours to share the knowledge of success1 outcomes with any and all communities that use its services. FINANCIAL REVIEW Principal funding sources The principal fi]nding sources for the charity are currently by way of grant and contract income as set out in notes 2 to 6 in the accounts. As a result of increasing constrainls on central governments and local authority expenditure, the charity has to seek ndIng from a much broader group of agencies.
Home-start Down District Report or the Trustee5 for the Year Ended 31 March 2025 FINANCIAL REVIEW Investment policy and objectives A clear objective is to transfer operating surpluses into reserves as often as circumstances allow. However it has proved impossible in the past few years for the reason expressed above. Having considered the options available, the Trustees have decided that any Teserves should be invested in secure bank deposits. The Trustees consider the overall return o deposit accounts to be dtsappointing, but are not willing lo place valuable resources in riskier investments. Reserves policy The Trustees have examined the charity's requirements for reserves in light of tbe main risks to the organisation. It has established a policy whereby the unrestricted funds not otherwise Gotnrnitted or invested in tangible fixed assets held by the charity should be between 6 and 9 months of the expenditure. The TSteeS expect that budgeted expenditure will not exceed that of 2024125 which was approximately £277,000. As P4t 31 March 2025 the unrestricted Teserves of the Charity increased to £1 17,071 (2024.. £91,395). This is below the policy target of 6-9 months. The Trustees and Management Committee has been conscious of the major reductions in financial support from Govenllnent sources for some years now and make a point of keeping tlie whole matter under constant review. The Chaiity has been actively engaged with other sources of nding. with some success so tliat tlie Tn]stee5 and Management Committee has reasonable Efounds to consider that funds will be secured in sufficient aTnount to enable the work to continue next year. The Trustees and Management Committee also consider that the Charity provides its services to its clienl group on a notably cost effective basis and will continue to do $0. FUTURE PLANS Service Development - To continue to provide services that assist in meeting the needs of families in Down District Campaigning - To infiuence public policy to respond to the needs and aspirations of fan)ilies Public profile -To endeavour to make the public aware of Hojne-start and the work that it does Finance -To endeavour to ensure that Home-start has the ndIng it needs to implement its plan5 and that ils resources are effectively and accountably managed Physical resources -To endeavour to erjsuie Hoine-stan Doll District has the availability ovaccess to tlie premises and other physical resources it needs and these are effectively managed Staff and Volunteers -To endeavour to ensure that Home-start Down Disttict has secured tbe services of the volunteers and staff it needs. Also tliat all volunteers and staff receive tlie appropriate support, supeTViSlOD, feedback, training and Tecognition Governance -To endeavour to ensure that the governance of Home-start Down District by the Management Coromittee meets the requirements of the law and good practice. The cluTity plans to continue to enhance the activities outlined above in the forthcoming years availability of SatiSftOry fimding. subject always to the STRUCTURE, GOVERNANCE AND MANAGEMENT Governing dotument The charity is controlled by its goveming docuinenl. a deed of trnst. and constimtes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Home-start Down Dlstrlct Report of the Trustees for the Year Ended 31 MArch 2025 The charity is controlled by its governing document, a deed of trnst, and constitutes a limited company, limited by guarantee, as defined by the Coinpanies Act 2006. . The organisation is a charitable company limited by guarantee, incoTporated on 6 April 2005 and registered as & charity on 6 April 2005. The company was established under a Meinorandum of Association which est&blished the objects and powers of the ¢hartlable company and is governed under ils Articles of Association. In the event of the ooinpany being wound up members are required to contribute an amount uol exceeding £1. Home-siart DOTr District an unincorporated association transfe¥red its charitable purposes set out in its COnstition to Home-start Down District a company Limited by guarantee registered in Northem Ireland under number N1054548 on the 8th September 2005. Recruitment and Appolntment of new trustees The directors of the company are also chaTity Trnsteeg for the PUTposes 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 first and the choice between any of 4ual Service being made by drawing lots. A bTo&d mix of business, professional a7)d other gkills are well represented on the Management Committee and all TnteeS are chosen on the basis of their willingness to serve, ability. governance experience and support of the ethos, mission and philosophy of the organisation. Organisitionxl structure The senior staff of the charity are.. Dorothy Mcmullan (Senior Organiser) RetiT¢d April 2024 Emelda HyDds (Ballynahinch Organiser) Sharon Robson (Newcastle Organiser) Inductloll and training of new trustees New Trustees aTe briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the con)mittee and decision mating processes, the business plan and recent financial perfonnance of the charity. They meet key employees and other Trustees. Tbe Trustees and management committee are encouraged to attend appropriate external training event5 where tbese will facilitate the undertaking of their role. Risk management The ttustees have a duty to identify and review the risks to which the charity is eKp05ed ay)d to ensure appropriate controls are in place to provide reasonable asSUrce against fraud and error. The Trustees have a risk management strategy which comprises.. an annual review of the risks the charity n]ay face. the egtablishment of systems and Procedures to n)itigate those risks identified in the plan. and the implementation of procedures designed to minimise any potential impact on tbe charity sbould those risks materialise. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1054548 (Northern Ireland) Registered Charity number XR87094
Home-stsrt Down District Report of the Trustees for tbe Yeir Ellded 31 March 2025 Registered office 14-15 Innovation House Down Business Park 46 Belf2st Road Downpatrick Co. Down BT30 9UP Trllstees Mrs M Kearney Director R P Smith Retired Mrs F I Crory Retired D Mcgregor Legal Advisor Ms B Owens Retired teacher Company Secretary Ms B Owens Auditors M.B.Mc Grady & Co Chartered Accountants Stakntory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Dowi BT30 6DS STATEEIIENT OF TRUSTEES, RESPONSIBXLITIES The trustees (who also the directors of Home-start Down District for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial stafrlneiits in accordance with applicable law aDd Utjited Kingdom Accounting Stsndards (United Kingdom Generally Accepled Accounting Practice). Coinpany law requires the trustees to prepare financial statements for each financial year. Under that law, the trnstees have elected lo prepare the fmancial statements in accordance witli Uiiited Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees 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 charitable cornpany and of the incoming resource5 and application of resources, including the income and eXpendIre. of the charitable company for that period. In preparing those financial statements, the trustees are Tequired to select suit&ble accounting polictes and then apply them consistently. observe the methods and principles in the Clwities SORP. D]ake judgements and estimates that are reasonable aThd 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 twstees are respongible for keeping proper &ccounling records which disclose with reasonable accuracy at any time the financial position of the charitable coinpany and to enable them to ensure that the financial stateinents coinply with the Coinpanies Act 2006. They are also responsible for safeguarding the assets of tlie charitable conipany and Iience for taking reasonable steps for the prevention and detection of fraud and other ]egUlarItieS.
Home-St&rt Down District Report of the Trustee for tbe Year Ended 31 March 2025 STATEMENT OF TRUSTEESI RESPONSIBILITIES - continued In so far as the trnslees are aware: there is no relevant &udit infomation of which the charitable company's &uditors are unawaTe' and the trnstees have taken all steps that they ought to bave taken to make themselves aware of any relevant audit infoTrnation and to establish that the auditors aTe aware of that infonnation. AUDITORS The auditors, M.B.M¢ GTady & Co, wÉll be PToposed for Te-appointment at the forthcoming A]Jnual Generp41 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 OTder of the board of ttuslees on 5 December 2025 and signed on its belMlf by.. Mrs F I Crory- Trustee
Report of tbe Independent Auditors to the Members of Home-start DOWTA District Opinion We have audited the financial statements of Home-start Down District (the 'charitable compaDy') for the year ended 31 March 2025 which coinprise tlie Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial 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 financial statements: give a true alld fair view of the slate of the rharitable company's affairs as at 31 Mxrch 2025 and of ils incoming resources and application of resources, including its income and expenditure, for tbe year then ended. hav¢ been PToperly prepared in accordaDce with United Kingdom Generally Accepted Accounting Practice. and have been PTepared in accordance with the requirements of the CompaDies Act 2006. Basis for opfinion We Conducted our audit in accoTdanGe with International StandaTds on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fiuiher described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in acCOrd¢e witb the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have lfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we bave obtained is sufficient and appropriate to provide a basis for our opinion. Contlusions relating to going concern In auditing the financial statements, we have concluded that the tru5tees' use of tlie going concern basis of accourjting in the preparation of the fmancial statements is appropriate. Based ou the work we have perfornied, we have not identifIed any tnaterial uncertainties relating to evenls or conditions that, individually or collectiv¢ly, may cast signtficant doubt on the Gharitable company's ability to continue as a going concern for FA period of at least twelve months from when the fuJanci&l 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 thts report. Other Information The tnteeS are responsible for the other infonnation. The other infonnalion comprises the knforniatton included in the Annual Report. other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial ststements does not cover the other infonnation and, except to the extent othenvise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial stateinents, our responsibility is to read the other information and, in doing so, consider whether the oiher inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appeaTS to be tnaterially misstated. If we identify such material inconsistencies or appar¢nt material misstatements, we are required to determin¢ whether this gives rise to a material misstatement in the financial statements thenelves. If, based on the work we have perfornied, we conGlude that there is a material roisstatement of this other inforniation, we are required to report that fact. We have notbing to report in this regai'd. Opinion5 on other matter5 prescribed by the Companl¢s Act 2006 In our opinion, based on the work undertaken in the course of the audit., the information given in the Report of the Tmsteeg for the financial year for wbich the financial statements are prepared is consistent with the fInancial stateinents,. and the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Report of the Independent Auditors to the Members of Home-St&rt 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 mateiial mi&statements in the Report of the Trustees. 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 or rernS adequate for our audit have not been received from brancbes not visited by us- or the financial statemenls are Thot in agreement with the accounting records and returns- or certain disclosure8 of trustees, remuDeTation specified by law are not made,. or we have not received all the information and explanations we require for our audit. or th¢ tStee$ were not entitled to take advantage of the small companies exemption from the requir¢llnt to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibltities of trustees As explained inore fully in the Statement of Tntees, Responsibilities, the trnstees (who are also the directors of the charitable company for the purposes of company law) are Tesponsible for the preparation of the financiaI statements and for being satisfied that they give a iThe and fair view. and for such inlernal control as the trustees determine 15 necessary to enable the preparation of financial statements that are free froin material misstatement, whether due to fraud or error. In Preparing the financial statements, the trustees are responsible for assessing the chaTltable Company's ability lo continue as a going concern, 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 operatlOl)S, OT have no realistic aliernative bul to do so.
Report ol the Independent Auditors to the Members of Home-start Down District Our responsibxiRties for the audit of the fJnanci41 statements Our objectives are to obtain reasonable assurance about whether the financial statelents as a whole are free from material misstatement, wl)etlier due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee 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 t3ken on tlie basis of these financial statements. The extent to which our procedures are capable of detecting legUlarlties. including fraud is detailed below.. The extent to which the audit was considered capable of detecting irregularities including fraud. Our approach to ideThtifying and assessing the risks of material misstatement in respect of ittegularities. including fraud and non-compliauce with laws and i'egulations, was as follows: the eng2Eement partner ensured that tbe engageinent team collectively had the appropriate competence, capabilities and skills to identify or Tecognise non-compliance with applicable laws and regulations. owe identified the laws and regulations applicable lo the company through discussions with directois and other management, and from our commercial knowledge and experieiice of the coi]wuter component manufacturing and supply sector- we focused on specific laws and regulations wliich we considered inay have a direct material effect on the financial statements or the operations of the company, iiicluding the Companies Act 2006. taxation legislation and data protection, anti-bribery, employment, environmental 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 l¢gal correspondence. and identified laws and iegulations were communicated witbin the audit team regularly and the team ren)ained alert to instances of noll-compliance throughout the audit. We assessed tbe susGeptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. and considering the internal controls in place to mitigats risks of fraud and non-compliance with laws and regulations. To address the risk of fraud througli manaEement bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships. te8ted journal entries to identify unusual transactions; assessed whether judgements and assumptions made in detenrjining 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 IegUlartieS aThd non-compliance with laws and regulatioJ)s, we designed procedures wbich included, but were not liu)ited to.. agreeing financial statement disclosures to underlying supporting documentation. reading the n)inutes of meetings of those charged with governance,. enquiring of management as to actual and potential litigation and clain)s' and reviewing coThespondellce with HkLRC. There are inheTent limitations in our audit procedures described above. The inore removed that laws and regulations are froin fjnancial transactions, the less likely it is that we would become aware of non-coinpliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of th¢ directors and other management and the inspection of regulatory aiid legal CoespOndence, if any. Material misstaternents that 3rise due to fraud can be harder to detect tiian those that arise froin erTor as tliey may involve deliberate concealment or collusion. A fillther description of our responsibilities for the audit of the fiThan¢ial stateinents is located on the Financial Reporting Council's website at www.frc.org.uklauditorsiesponskbilities. This description forn]s part of our Report of tbe Independent Auditors.
Report of the Independent Auditors to the Members of Home-start Down District Use of our report This report is made solely to the charitable ¢ompanVs 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 companios meinbers those matters we are required to state lo them in an auditOTS' report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume Tesponsibility to anyone other than the charitable comparjy and the ¢haritable company's members as PA body* for our audit work, for this report, or for the opinions we have fonned. Malachy B MCG for and on behal Chartered Accoull Statutory Auditors Rathtnore House 52 St Patricks Avenue DOmPatrIck Co. DO) BT30 6DS (Se or Stat cGra dTtor) 5 December 2025
Home-start Down District Statement of Financial Activitie5 for the Year Ended 31 March 2025 3113125 Total lunds 3113124 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 22,878 22,878 22,324 Charitable activities Downpatrick Ballynaliincli Newcastle 126,878 41,690 70,247 39,281 168,568 70,247 39,881 144,886 39,717 66,392 600 Other trading activities Investtnent income 12,209 789 1,705 1,705 TotAI 152,061 151,218 303,279 286,317 EXPENDITURE ON Charitable actlvities Downpattick Ballynahincb Newcastle 5,676 61,446 68,713 62,343 45,394 34,031 68,019 106,840 102,744 85,392 84,377 102,422 TotAI 135,835 141,768 277,603 272,191 NET INCOME 16,226 9,450 25,676 14,126 RECONCILIATION OF FUNDS Total funds brought fonvard 91,395 91,395 77,269 TOTAL Fuf+lDS CARIUED FORWARD 107,621 9,450 117,071 91,395 The notes fonn part of these financial statements 10
Home-start DDWll Dlstrict Balanee Sheet 31 March 2025 3113125 Total funds 3113124 Total funds Unrestrieted Restricted funds funds Note5 FIXED ASSETS Tangible assets 233 233 323 CURRENT ASSETS Debtors Cash at bank 29,672 93,591 29,672 103,041 44,453 67.247 9,450 123,263 9,450 132,713 111,700 CREDITORS Amounts falling due witbin one yeaT io (15,875) (15,875) (20,628) NET CURRENT ASSETS 107,388 9,450 116,838 91,072 TOTAL ASSETS LESS CURRENT LIABILITIES 107,621 9.450 117.071 91.395 NET ASSETS 107,621 9,450 117,071 91,395 FUNDS urestrIcted ndS Restricted llds 107,621 9,450 91,395 TOTAL FUNDS 117,071 91.395 These financial statements have been prepared in accordance with the provisions applicable to cbaritable companies subject to the small companies regime. The fmancial stalements wer¢ approved by the Board of Trust¢es and &uthorised for issue on 5 December 2025 and were signed on its behalf by.. R P Smith - Ttee The notes forn] part of these financial statements
Hon)e-St2rt Down District Notes to the Finajjcial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financi31 statements The fjnancial statements of tbe charitable conipany, which is a public benefit entity under FRS 102, have been prepared in afjcordance witli the Charities SOPTr (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in aCCOTdance with the Financial Reporting Sta7)dard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'Tlie Financial Reporting StandaTd applicable in the UK and Republic of ITeland' and the Companies Act 2006. The fm8ncial statements have been prepared under the historical cost convention. Criti¢#l atcountiug judgements and key sources of estimation uncertainty Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectatious of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments n)ade in applying the Charity's accounting policies or that there are any critical accounting estimates or asswnptions which may have a significant risk of cau8ing a matertal adjustment to carrying ainounts of assets and liabilities within the next financial year. Incorne All income is recognised in tlie Statement of Financial Activities once the charity has entitlement to the funds, it 15 probable that the inconie will be received and the amount can be measured reliably. Expenditure Liabilities aTe recognised as exp¢ndithre as soon as there is a legal or ¢onstnictive obligation Gommitting the charity to that expendtthre, it is probable that a transfer of economic benefits will be required in settlement and the amouTht of the obligation can be measured Teliably. Expenditure is accounted for on an aC¢Tuals basis and has been classified under beadings that aggregate all cost related to tILe category. Whei'e costs cannot be directly attribut¢d to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible red assets Depreciation is provided at the following annual rate5 in ol'der to write off each asset oveT its estimated use1 life. Short leasehold Computer equipment 20% on cost 20 % on reducing balance Taxation The charity is exempt from cotporatioll tax on its charitable activities. Fund accounting Unrestricted lldS can be used in accordance with the charitable objectives at the discretion of the tNslees. Reslri¢frd funds can on]y be used for particulaT restricted purposes within the objects of the charity. Restiictions arise when specified by the donor or when fuDds are raised for particulaT restricted purpos¢s. Further explanation of the Thature and purpose of each fund is included in the notes to the finaucial stateipents. Foreign currerlcies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheei date. Tran5aCt&olls in foreign Gurrencies are translated into sterling at the rate of exchange ruling al the date of transaction. Exchange differences are taken into accouut in arriving at tbe operating result. 12 continued...
Home-start Down District Notes to the Fin%n¢i#l Statements - ¢ontinued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - Continued Pension e4)sts and other post-retirement benefits The charilable company operates a defined contribution pension scheme. Contributions payable to the clixritable ompany's pension scheme are charged to the Stateinent of Financial Activities in the period to which they relate. OTHER TRADDIG ACTIVITIES 3113125 3113124 Fundraising events 12,209 VESTMENT INCOME 3113125 3113124 Deposit account interest 1,705 789 NET INCOME/(EXPENDITURE) Net incoMd(expendire) is stated after chargingl(CTediling)'. 3113125 3113124 Auditors, remuneration Depreciation- owned assets 3,564 90 3.240 112 TRUSTEES, REMUNERATtON AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 3 l March 2024. STAFF COSTS The averaEe monthly number of employees during the year was as follows.. 3113125 3113124 Organisers Administration Family Group staff io No employees received emoluments in excess of £60,000. 13 continued...
Home-StArt Down District Notes to the Ffin2neial Statements - tontinued for the Year Ended 31 MArch 2025 COMPARATIVES FOR THE STATEMENT OF FANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 22,324 22,324 Charitable activities DoHTrpatrick Ballynahinch Newcastle 92,070 52,816 39.717 59,092 144,886 39,717 66,392 7,300 Other trading activities Investment incorne 12,209 789 12,209 789 Total 134,692 151,625 286.317 EXPENDITURE ON Charitable activities Downpatrick Ballynahinch Newcastle 35,076 44,660 34.639 50,316 39,717 67,783 85,392 84,377 102,422 Total 114.375 157,816 272,191 NET INCOMEI(EXPENDITURE) 20,317 (6,191) [4,126 RECONCILIATION OF FUNDS Total ndS brought forward 71,078 6,191 77,269 TOTAL FUNDS cAluED FORWARD 91,395 91.395 TANGIBLE FIXED ASSETS Short leasehold Computer equipment Totals COST At l April 2024 and 31 March 2025 7,326 8,369 15,695 DEPRECIATION At l April 2024 Charge for year 7,326 8,046 90 15,372 90 At 31 MaTch 2025 7,326 8,136 15,462 NET BOOK VALUE At 31 MaTch 2025 233 233 At 31 March 2024 323 323 14 continued...
Home-start Down District Notes to the Financlal St2tementS - CDDtinued for the Year Ended 31 March 2025 DEBTORS: AMOlnqTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Other dttbtors Prepawients and accrued income 28,069 1,603 44,453 29,672 44,453 io. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 3113125 3113ll4 Social security and other taxes Other ¢reditors Accruals and deferred income 2,515 4,457 8,903 2,926 17.702 J5,875 20,628 ii. MOVEMENT FUNDS Net mDvement in funds At 3113125 At 114124 Unrestricted funds General fimd 91,39S 16,226 107,621 Restricted funds Community Fund National Lottery Pears 4,200 5,250 4,200 5,250 9,450 9,450 TOTAL FtTNDS 91,395 25,676 117,071 15 continued...
Home-stsrt Down District Note5 to the Fin2ncRal Statements - continued for the Year Ended 31 March 2025 li. MOVEMENr tN FtTfmS - continued Nel inovement in funds, included in the above are as follows: Incoming resources Re50urees expended rvIovement in funds Unrestricted funds General nd 152,061 (135,835) 16,226 Restricted funds Henry Smith Cliarity Garfield Weslon CLEAR Project County Down Rural Community Network The Pathway Fund Cash for dS Department of Con)munities Con)rnunity Fund National Lottery Pears Newry Moume District Council Radius 17,150 15,000 4,705 2,400 25,000 8,394 23,023 41,838 9,000 3,708 1,000 (17,150) (15,000) (4,705) (2,400) (25,000) (8,394) (23,023) (37,638) (3,750) (3,708) (1,000) 4,200 5,250 151,218 (141,768) 9,450 TOTAL FUNDS 303,279 (277.603) 25,676 Comparatives for movement in funds Net movement in funds At 3113124 At 114123 Unrestrieted IuDds General fund 71,078 20,317 91,395 Restricted funds Community Foundation 6,191 (6,191) TOTAL FUNDS 77,269 14,126 91,395 16 continued...
Home-start Down District Notes to the Flnancial Statements - continued for the Year Ended 31 Msrch 2025 ii. MOVEMEf+rr tN FUNDS - continued Comparative net movement in nds, included in the above are as follows.. Incotning resources Resources expended MovemeDt in funds Unrestricted funds General fund 134,692 (114,375) 20,317 Restricted funds Henry Smith Charity Community Fo¥Jndation Newry Mourne & Doll District Council CLEAR Project County Down Rural Conjmunity Network The Pathway Fund Cash for Kids Department of Communities Community Fund National Lottery Clanmil 34,000 9,000 4,866 5,000 7,265 25,000 11.450 8,111 44,433 2,500 (34.000) (15,191) (4,866) {5,000) (7,265) (25,000) (11,450) (8,111) (44,433) {2,500) (6,191) 151,625 (157,816) (6.191) TOTAL Fuf4DS 286,317 (272,191) 14,126 A current year 12 months and prior year 12 months combined position is as follows: Net movement In fund5 At 3113125 At 114123 Unrestricted funds General fund 71.078 36,543 107,621 Restrlcted funds Coi]ununity Foundation Community Fund National Lottery Pears 6,191 (6,191) 4.200 5,250 4,200 5.250 6,191 3,259 9,450 TOTAL Fuf+tDS 77,269 39,802 117,071 17 continued...
Home-start DOWD District Notes to the Financial Statements - continued for the Year Ended 31 M#reh 2025 ii. MOVEMENT DI FUNDS - Continued A Gu¢nt year 12 montlis and prior year 12 months combined net movement in fijnds, included in the above are as follows.. Ineoming resources Resources expended Movement in funds Unrestricted funds General nd 286,753 (250,210) 36,543 Restricted fund5 Henry Smith Charity CorLllnunity Found&tion Garfield Weston Newry Mourne & Down District Council CLEAR Project County Down Rural Collununity Network The Patbway Fund Cash for Kids Department of Communities Con]munity Fund National Lottery Pears Newry Mourne District Council Clanmil Radius 51,150 9,000 15,000 4,866 9,705 9,665 50,000 19,844 31,134 86,271 9,000 3,708 2,500 1,000 (51,150) (15.191) (15,000) (4,866) (9,705) (9,665) (50,000) (19,844) (31,134) (82.071) (3,750) (3,708) {2,500) (1.000) (6.191) 4,200 5,250 302,843 (299,584) 3,259 TOTAL FUNDS 589,596 (549,794) 39,802 12. RELATED PARTY DISCLOSURES There were no Telatrd paty tran53Ctions for the yeaT ended 31 Mar¢h 2025. 13. ULTIMATE CONTROLLING PARTY The governance of the charity 18 c&rTied out collectively by the voluntary directorsltrustees and xs such does not have an ultimate controlling party. 18 coi)tinved...
Home-start Down DAstri¢t Notes to the Flnanclal Statements - coTJtiDued for the YeAr Ended 31 MArch 2025 14. COMPANY LIMITED BY GUARANfEE The charity is a company limited by guarantee wlihout a share capital. The liability of the memb¢rs is limited to an amount not exceeding £1. 19