REGISTERED COMPANY NUMBER: N1644473 (Northern Ireland) Report of the Trustees and Financial Statements for the Year Ended 30 September 2023 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 Horse Family Projects Contents of the Financial Statements for the Year Ended 30 September 2023 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 2023 The tSteeS who are aIso diTe¢tors of the charity for the purpos¢5 of tbe Compani¢s Act 2006, present their report with tbe fmanctal statements of the charity for th¢ year ¢nded 30 Septemb¢T 2023. The trtLSt¢¢s have adopted the provisions of Accounting and Reporting by Cl]aTities: Statement of Recommended Practice applicable to cbarities pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE ArD MANAGEMENT Goverlling document The charity AS controlled by its governing documenL a deed of and constitutes a limited company, limited by guatantee, as defined by the Companies Act 2006. REFERENCE AND ADIIqINISTRATIVE DETAILS Registered Company Dumber N1644473 (Northern Ireland) Registered Charity number 107881 Registered olTice 143 Northumberland Street B¢lfast Co. Antrim BT13 2JF Trustses Mr Tollllny Latimer Mrs Elizabeth Mccalmont Ms Kelli¢ Robitjson Mr John Stronge Chairperson (appointed 24.10.22) Mrs NiJ(ki Stronge Committee Member (appointed 24.10,22) Company Secretary Mrs Elizabeth Mccalmont Independent Examiner John Mccleary, FCA M¢Cleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Str¢ct Lisburn Co. AJ]trim BT28 ITP App ve by order o the board of trustees on 23 May 2024 and signed on its behalf by: hn Strong¢- Trustee Page I
Independent Examiner's Report to the Trustees of Hobby Horse Family Projects I report on the accounts of the company for the year ended 30 September 2023, which are set out on pages three to eleven. Respective responsibilities of charity trustees and examiner As the cliarity's tSteeS (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 the Companies Act 2006. Having satisfied myself 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 follow the procedures laid down in the general Directions given by the Charity Commission for Northem 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 Caled out in accordance with th¢ general Directions given by the Charity Commission for Northem Ir¢land 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 presented with thos¢ records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity truste¢s concerning any such matters. My roEe 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 Companies 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 Chariti¢s Statement of Recommended Practice applicable to chaTities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢public of Ir¢land That there is fiher inforniation 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 Con]mission for Northern Irelan I have found no matters that require drawing to your attention. ' John cary, FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP 23 May 2024 Pag¢ 2
Hobby Horse Family Projects Statement of Financial Activities for the Year Ended 30 September 2023 30.9.23 Total funds 30.9.22 Total fLtnds Unrestricted Restricted fund nds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 35,471 135,812 171,283 159,876 EXPENDITURE ON Charitable activities Direct costs Support costs 30,842 7,685 119,435 150,277 7,685 158,073 8,545 Total 38,527 119,435 157,962 166,618 NET INCOME/(EXPENDITURE) (3,056) 16,377 13,321 (6,742) RECONCILIATION OF FUNDS Total fimds brought forward 274 879 1,153 7,895 TOTAL FUNDS CARRIED FORWARD (2,782) 17,256 14,474 1,153 The notes forn] part of these fanCl statements Page 3
Hobby Horse Family Projects Balance Sheet 30 September 2023 30.9.23 Total fiu]ds 30.9.22 Total funds Unrestricted Restricted fund funds Notes CURRENT ASSETS Cash at bank 4,329 17,255 21,584 4,555 CREDITORS Amounts falling du¢ within one year (7,110) (7,110) (3,402) NET CURRENT ASSETS/(LIABILITIES) {2,781) 17,255 14,474 1,153 TOTAL ASSETS LESS CURRENT LIABILITIES (2,781) 17,255 14,474 1,153 NET ASSETS (2,781) 17,255 14,474 1,153 FUNDS Unrestricted fimds Restricted fimds (2,781) 17,255 274 879 TOTAL FUNDS 14,474 1,153 Th¢ charitable company is entitled to ¢xemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their iesponsibilities for (a) ensuring that the charitable company keeps accounting rewrds that comply with Sections 386 and 387 of th¢ 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 ¢Thd 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 wlllch othenvise comply with the iequir¢rnents of the Companies Act 2006 relating to financial statements. so far as applicable to the charitsble company. The notes forn] part of these funcIaL statements Page 4 continued...
Hobby Horse Famlly Projects Balance Sheet- continued 30 September 2023 These financial statements have been prepated in accordance with the provisions applicable to cbaritable companies subject to the small companies regime. The fanCIal statements were approved by the Board of Trnstees and authorised for issu¢ on 23 May 2024 and were signed on its behalf by: JOP Stronge - Truste¢ The notes forn] part of these fanciaL staten]ents Page 5
Hobby Horse Family Projects Notes to the Financial Statements for the Year Ended 30 September 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The fmancial 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 RQMMended 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 R¢public 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 probabl¢ that the income will b¢ received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or ConStctive obligation committing thc charity to that expenditure, it is probable that a transf¢r of economic benefits will be Tequired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrnals basis and has been classified undeT 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 consistellt with th¢ us¢ of resources. Tangible red assets Depreciation is provided at the following annual rates in order to write off ch asset over its estimated useful life. Plant and machinery 25 /0 on cost Taxation Th¢ charity is exempt from ¢oo)oration tax on its charitable activities. Fund aceounting Unrestricted fidS can be used in accordance with the charitable objectiv¢s at the discretion of the trustees. Restricted funds can only be used for particular restrict¢d purposes within the objects of the charity. Restrictions arise when specifIed by the donor or when funds are raised for particular r¢stricted purposes. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charg¢d to the Statement of Financial Activities in the period to which th¢y relate. Page 6 continued...
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2023 TRUSTEES, REMUNERATION AND BENEFITS There were no tStees, remun¢ration or other benefits for the year ended 30 Septemb¢r 2023 nor for the year ended 30 September 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022. STAFF COSTS The average monthly number of employees during the year was as follows: 30.9.23 30.9.22 li Administration No employees Teceived emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestncted Restricfrd fund funds Total fidS INCOME AM) EIYDOWMENTS FROM Donations and legacies 45,825 114,051 159,876 EXPENDITURE ON Charitable activities Direct costs Support costs 44,667 7,900 113,406 645 158.073 8,545 Total 52,567 114,051 166,618 NET INCOMElffXPENDITURE) (6,742) (6,742) RECONCILIATION OF FUNDS Total funds brought forward 7,015 880 7,895 TOTAL FUNDS CARRIED FORWARD 273 880 1,153 Page 7 continued...
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2023 TANGIBLE FIXED ASSETS Plant and machinery COST At l October 2022 and 30 September 2023 255 DEPRECIATION At l October 2022 and 30 September 2023 255 NET BOOK VALUE At 30 September 2023 At 30 September 2022 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.23 30.9.22 Social security and other taxes Other creditors Accrued expenses 1,233 1,827 4,050 1.164 2,238 7,110 3,402 MOVEMENT FUNDS Net movement in fimds At 1.10.22 At 30.9.23 Unrestricted funds General fund 274 (3,055) (2,781) Restricted funds BRO Account 879 16,376 17,255 TOTAL FUNDS 1,153 13,321 14,474 Page 8 continued...
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2023 MOVEMENT IN FUNDS - continued Net movement in llds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 35,471 (38,526) (3,055) Restricted funds BRO Account The Pathway Fund Belfast Health & Social Care Trust 85,912 29,941 19,959 (69,536) (29,941) (19,959) 16,376 135,812 (119,436) 16,376 TOTAL FUNDS 171,283 (157,962) 13,321 Comparatives for movement in funds Net movement in funds At 1.10.21 At 30.9.22 Unrestricted funds General fund 7,015 (6,741) 274 Restricted funds BRO Account 880 (i) 879 TOTAL FUNDS 7,895 (6,742) 1,153 Page 9 continued,..
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2023 MOVEMENT 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 45,825 (52.566) (6,741) Restricted funds BRO Account The Pathway Fund Belfast Health & Social Care Trust Community Relations 65,042 29,894 18,415 700 (65,043) (29,894) (18,415) (700) (i) 114.051 (114,052) (i) TOTAL FUNDS 159,876 (166,618) (6,742) A cullent year 12 months and prior year 12 months combined position is as follows: Net movement in ndS At 1.10.21 At 30.9.23 Unrestricted funds Gen¢ral fund 7,015 (9,796) (2,781) Restricted funds BRO Account 880 16,375 17,255 TOTAL FUNDS 7,895 6,579 14,474 Page 10 continued...
Hobby Horse Family Projects Notes to the Financial Statements - continued for the Year Ended 30 September 2023 MOVEMENT IN FUNDS - eontinued A cuent 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 81,296 (91,092) (9,796) Restricted funds BRO Account The Pathway Fund Belfast Health & Social Care Trust Community Relations 150,954 59,835 38,374 700 {134,579) (59,835) (38,374) (700) 16,375 249.863 (233,488) 16.375 TOTAL FUNDS 331,159 (324,580) 6,579 RELATED PARTY DISCLOSURES There were no r¢lat¢d party transactions for the year ended 30 September 2023. Pagell
Hobby Horse Family Projects Detailed Statement of Financial Activities for the Year Ended 30 September 2023 30.9.23 30.9.22 INCOME AND ENDOWMENTS Donations and legacies Donations Fees Grants Insurance claim Sale of books 3,500 30.092 137,691 4,500 29,426 117,080 5,735 3,135 171,283 159,876 Total incoming resources 171,283 159,876 EXPENDITURE Charitable activities Wages Social security Pensions Rent Insurance Light and h¢at Telephone Postage and stationery Programme costs Childrens unifoms Repairs and renewals Staff Training 120,248 1,905 865 12,254 583 6,330 720 1,551 507 1,448 1,269 2,597 120,565 2,447 783 13,000 594 6,699 832 2,771 760 3,714 2,208 3,700 150,277 158,073 Support costs Finance Bank charges 194 227 Other Sundri¢s 349 602 Governance costs Accountancy and legal fees Professional fees 2,075 5,067 2,126 5,590 7,142 7.716 This page does not fonn part of the statutory financial statements Page 12
Hobby Horse Family Projects Detailed Statement of Financial Activities for the Year Ended 30 September 2023 30.9.23 30.9.22 Total resources expended 157,962 166,618 Net incomel(expenditure) 13,321 (6,742) This page does not forni part of the statutory financial ststements Page 13