REGISTERED COMPANY NUMBER: N1644473 (Northern Ireland) Report of the Trustees and Financial Statements for the Year Ended 30 September 2021 for Hobby Horse Family Projects (A Company Limited by Guarantee) Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP
Hobby Hor.8e Family Projects Contents of the Financial Statements for the Year Ended 30 September 2021 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 11 Detailed Statement of Financial Activities 12 to 13
Hobby Horse Family Projects Report of the Trustees for the Year Ended 30 September 2021 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2021. 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effe¢tive l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1644473 (Northern Ireland) Registered Charity number 107881 Registered office 143 Northumberland Street Belfast Co. Antrim BT13 2JF Trustees Mrs Lesley Hance Classroom Assistant Mr Tommy Latimer Centre Manager Mrs Elizabeth Mccalmont Sales Manager Mrs Kellie Robinson Chemist Company Secretary Ms Paula Haire Independent Examiner John Mccleary. FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP Approved by order of the board of trustees on 10 January 2022 and signed on its behalf by: LIGLL Mrs Lesley Hance - Trustee Page I
Independent Examiner's Report to the Trustees of Hobby Horse Family Projects E report on the accounts of the company for the year ended 30 September 2021, which are set out on pages three to eleven. Respective responsibilities of eharity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of th¢ Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9){b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the Charity and a comparison of the accounts present¢d with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 386 of the Compani¢s Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities 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 That there is further information needed for a proper understanding 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 Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. John Mccleary, FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP 10 January 2022 Page 2
Hobby Horse Family Projects Statement of Financial Activities for the Year Ended 30 September 2021 30.9.21 Total funds 30.9.20 Total funds Unrestricted Restricted fund funds Notes INCOME AIYD ENDOWMENTS FROM Donations and legacies 52,082 108,675 160,757 136,331 Other trading activities 249 Total 52,082 108,675 160.757 136,580 EXPENDITURE ON Charitable activities Direct costs Support costs 41.341 2,743 102,615 5,180 143,956 7,923 125.809 9,454 Total 44,084 107,795 151,879 135,263 NET INCOME 7,998 880 8,878 1,317 RECONCILIATION OF FUNDS Total funds brought forward (983) (983) (2,300) TOTAL FUIYDS CARRIED FORWARD 7,015 880 7,895 (983) The notes form part of these financial statements Page 3
Hobby Horse Family Projects Balance Sheet 30 September 2021 30.9.21 Total funds 30.9.20 Total funds Unrestricted Restricted fund funds Notes CURRENT ASSETS Debtors Cash at bank 6,119 5,714 6,119 6,594 880 2,840 11,833 880 12,713 2,840 CREDITORS Amounts falllng due within one year (4,818) (4,818) (3,823) NET CURREiYr ASSETS/(LIABILITIES) 7,015 880 7,895 (983) TOTAL ASSETS LESS CURRENT LIABILITIES 7,015 880 7,895 (983) NET ASSETSI(LIABILITIES) 7,015 880 7,895 (983) FUNDS Unrestricted funds Restricted funds 7,015 880 (983) TOTAL FUNDS 7,895 (983) The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitabEe company. The notes forni part of these financial statements Page 4 continued...
Hobby Horse Family Projects Balance Sheet - continued 30 September 2021 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on l O January 2022 and were signed on its behalf by.. Mrs Lesley Hance - Trustee The notes forni part of these financial statements Page 5
Hobby Horse Family Projeets Notes to the Financial Statements for the Year Ended 30 September 2021 ACCOUNTING POLICIES Basis 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) (effective 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 have been prepared under the historical cost convention. Income All income is 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 cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent 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. Plant and machinery 25% on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds 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 fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scherne. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 6 continued...
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2021 OTHER TRADING ACTIVITIES 30.9.21 30.9.20 Fundraising events 249 TRUSTEES, REMUNERATION AND BENEFITS There wer¢ no trustees, remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020. Trustees, expenses There were no trustees, expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020. STAFF COSTS The average monthly number of employees during the year was as follows.. 30.9.21 30.9.20 Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 27,996 108,335 136,331 Other trading activities 249 249 Total 28,245 108.335 136,580 EXPENDITURE ON Charitable activities Direct costs Support costs 22,322 4,606 103,487 4,848 125,809 9,454 Total 26,928 108.335 135.263 NET INCOME 1,317 1,317 Page 7 continued...
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Total fund funds funds RECONCILIATION OF FUNDS Total funds brought forward (2,300) (2,300) TOTAL FUNDS CARRIED FORWARD (983) (983) TANGIBLE FIXED ASSETS Plant and machinery COST At l October 2020 and 30 September 2021 255 DEPRECIATION At l October 2020 and 30 September 2021 255 NET BOOK VALUE At 30 September 2021 At 30 September 2020 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.21 30.9.20 Other debtors 6,119 Page 8 continued...
Hobby Horse Family Projects Notes to the Financial Statements- continued for the Year Ended 30 September 2021 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.21 30.9.20 Social security and other taxes Accrued expenses 2,524 2,294 1,407 2,416 4,818 3,823 MOVEMENT IN FUNDS Net movement in funds At 1.10.20 At 30.9.21 Unrestricted funds General fund (983) 7,998 7,015 Restricted funds BRO Account 880 880 TOTAL FUIYDS (983) 8,878 7,895 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 52,082 (44.084) 7,998 Restricted funds BRO Account The Pathway Fund Belfast Health & Social Care Trust 54,665 35,595 18,415 (53,785) (35.595) (18,415) 880 108,675 (107,795) 880 TOTAL FUNDS 160,757 (151,879) 8,878 Page 9 continued...
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2021 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 1.10.19 At 30.9.20 Unrestricted funds General fund (2,300) 1,317 (983) TOTAL FUNDS (2,300) 1,317 (983) Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 28,245 (26,928) 1,317 Restricted funds BRO Account The Pathway Fund Belfast Health & Social Care Trust Belfast City Council 50.108 37,107 20,165 955 (50,108) (37,107) (20,165) (955) 108,335 (108,335) TOTAL FUNDS 136,580 (135,263) 1,317 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 1.10.19 At 30.9.21 Unrestricted funds General fund (2,300) 9,315 7,015 Restricted funds BRO Account 880 880 TOTAL FUM)S (2,300) 10,195 7,895 Page 10 continued...
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2021 MOVEMENT IIY 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 Unrestrieted funds General fund 80,327 (71,012) 9,315 Restricted funds BRO Account The Pathway Fund Belfast Health & Social Care Trust Belfast City Council 104,773 72,702 38,580 955 (103,893) (72,702) (38,580) (955) 880 217,010 (216,130) 880 TOTAL FUNDS 297,337 (287,142) 10,195 10. RELATED PARTY DISCLOSURES There wer¢ no related party transactions for the year ended 30 September 2021. Pagell
Hobby Horse Family Projects Detailed Statement of Financial Activities for the Year Ended 30 September 2021 30.9.21 30.9.20 INCOME AND ENDOWMENTS Donations and legaeies Donations Fees Grants 3,000 24,219 133.538 1,500 15,761 119,070 160,757 136,331 Other trading activities Fundraising events 249 Total incoming resources 160,757 136,580 EXPENDrruRE Charitable activities Wages Social security Pensions Rent Insurance Light and heat Telephone Postage and stationery Programme costs Childrens uniforms Repairs and renewals Toys and equipment Staff Training 107,987 2,740 1,287 12,000 594 4,800 660 1,834 6,911 1,506 2,260 102,976 2,124 781 7,380 594 4.674 570 527 1,213 1,102 1,860 1,533 475 1,377 143,956 125,809 Support costs Finance Bank charges 234 295 Other Sundries 149 394 Governance costs Accountancy and legal fees Carried forward 2,457 2,457 3,339 3,339 This page does not form part of the statutory financial statements Page 12
Hobby Horse Family Projects Detailed Statement of Financial Activities for the Year Ended 30 September 2021 30.9.21 30.9.20 Governance costs Brought forward Professional fees 2,457 5,083 3,339 5,426 7,540 8,765 Total resources expended 151,879 135,263 Net income 8,878 1,317 This page does not forni part of the statutory financial statements Page 13