Company Registratlon Number: N1644473 Charlty Number: 107881 Hobby Horse Family Projects IA company limlt•d by guarantee, not having a $hare capital) Annual Report and Unaudited Financial Statements for the financial year ended 30 September 2024 Mccleary & Company Ltd Chartered Accountsnts Garvey Studios 14 Longstone Street Lisburn Co Antrim BT28 1TP
Hobby Horse Family Projects IA company limited by guarantee. not havlng a share capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-14 Supplementary Information lating to the Financial Statements 16
Hobby Horse Family Projects IA company limited by guarantee, not having a sharè ¢apital} TRUSTEES, AND OTHER INFORMATION Trustees Tommy Latimer Elizabeth Mccalmont Kellie Robinson John Stronge Nikki Stronge Charlty Number In Northern Ireland 107881 Company Registratlon Number N1644473 RegIsted Office 143 Northumbedand Street Belfast Co Antrim BT13 2JF Independent Examiner Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co Antrim BT28 1 TP
Hobby Horse Family Projects (A company limited by guarantèe. not having a shar• eapitall TRUSTEES, ANNUAL REPORT for the fin8ncial year ended 30 September 2024 The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 30 September 2024. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable to charities preparing their financial statements in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the infoallOn required lo be provided in the Trustees. Annual Report under the Statement of Recommended Practice {SORPI guidelines. The trustees of the charity are also charity trustees lor the purpose of charity law and under the charity's conslitution are known 8s members of the board of trustees. In this report the trustees of Hobby Horse Family Projects present a summary of its purpose. governance and finances for the financial year 30 September 2024. The charity is a registered charity and hence the report and results are presented in a form which Complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statemenls. Mlssion. Objectives and Strategy Mission Statement Many of our children come from families that have had lo battle against soclal disadvantages of inner city life such as high unemployment. living on social benefits, low incorne families and single parenthood and have been faced with disadvantages unique to conflict situations. We pride ourselves in the excellence of the service we provide, which is only possible because of the excellent staff who are committed to providing the very best for all our children. Structure, Governance and Management Structure We run the following groups-. Hobby Horse Playgroup We help each child learn and develop as an individual, providing a stimulating. broad and happy environment to do so. This allows children to be happy and confident, have a sense of security, independent and interdependent, share and care with others. explore and question. respectful of Ihernselves and others. We provide a safe, secure and stimulating environment for all the children and value Iheir race, language. gender, age, disability. culture, class and religion. We value all children as individuals and appreciate their uniqueness and we value parents and carers as the primary educators of the Child and have high expectations of the children and ourselves. We ensure that all staff receive the appropriate training and malnlain high levels of practice. We have developed a practice which is based on philosophy of responsibility towards each other and lo enthuse the children about the extensive range of creativity and imagination experiences through the arts. We also maintain a praGli¢e which values the wider cornmunily as a means of adding to the richness of our curriculum and ¢entre. We recognise the children as an important part of the community. Hobby Horse Butterfty Club This is an after school project specifically designed for junior children on the Autism Spedrum sel in a safe and frlendly environment, although we are looking lo develop this to include other children. Butterfy club is run in partnership with Social Services. Most of the children are brought directly from school and are picked up at the end of the day. Parents and Tots This is open to all parents and lots every Friday from 10am - 12pm. Parent Workshops We provide parent workshops lo help deal and support with behaviours at home or whatever the need within the group would be through evaluation.
Hobby Horse Family Projects IA eompany Ilmlted by guarantee. not havlng a share ¢apltall TRUSTEES, ANNUAL REPORT for the financial year ended 30 September 2024 Flnan¢ial Review The results for the financial year are sel out on page 8 and additional notes are provided showing income and expenditure in greater detail. Flnan¢ial Results At the end of the financial year the charity has assets of £7.016 12023 - £21,584) and liabiltlies of £2,601 12023 £7.1101. The net assets of the ¢harity have deoreased by £110,059). Trustees The trustees who served throughout the financlal year, except as noted, were as follows: Tommy Latimer Elizabeth Mccalmont Kellie Robinson John Stronge Nikki Stronge In ac¢ordanc8 Wlth the Constitution. the tNstees retire by rotstion and, belng eligible, offer themselv85 for re-election. Compliance wlth Sector-wide Leglslatlon and Standards The Charity engages proknaclively with legislation, standards and codes which are developed for the sector. Hobby Horse Family Projects subscribes lo and is compliant with the following: The Companies Act 2006 The Charities SORP IFRS 102) Approved by the Board of Trustses on 20 March 2025 and slgned on its behalf by: hn Stronge ustee
Hobby Horse Family Projects {A company Ilmlted by guaranteè, not havlng a share capltall STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 30 September 2024 The trustees, who are also directors of Hobby Horse Family Proj8Cts for the purposes of Gompany law, are sponsible for preparing the financial statements in accordance with applicablo law and regulations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the INslees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" Under company law the Iruslees musl not approve the financial statements unl8SS they are satisfied that they give a true and fair vi8w of the state of affairs of th8 charity and of the net income or expenditur8 of the charity for thai period. In preparing these flnancial statements, the trustees are required to: select suitable accounting policies and apply them consisfently: make judgements and estimates that are reasonable and prudent: stale whether the finanGial statements have been prepared in accordance with the relevant financial reporting framework, identify thos8 Standards, and note the effect and the reasons for any material departure from those standards- and prepare the ffnancial statements on the going cc)ncern basis unless it is inappropriate to presume that the charity will conllnue in operation. The trustees confimi that they have complied with the above requirements in preparing the financial statements. The truste&s are resFxJnsible for keeping adequate accounting records that are sufficient to show and explain the charity's Iransactrons and disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulartlies. Approved by the Board of Trustees on 20 March 2025 and slgngd on Its bohalf by: n Strong ustee
Hobby Horse Family Projects IA company Ilmited by guarant8•, not havlng a shar• capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF HOBBY HORSE FAMILY PROJECTS I have examined the financial statements of the charity for the financial year ended 30 September 2024, which omprise the Statement of Financial Activities {incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the Board of Tmslees that I have done so. and state those matters that I have agreed to state lo them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for my work. or for this report. Respective rosponslbilities of trustees and examiner The charity's trustees {who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. 11 is my responsibilily to: examine the financial slalemenls under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by Ihe Charity Commission for Northern Ireland under section 6519llbl of the Charities Act; and state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity financial statements 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. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations frorn the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts psent a 'true and fairf view and the report is limited to those matters sel out in the statement below. In connection with my examination, no matter has come to my attention which gives me cause lo believe that in. any material respect-. accounling records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with Ih05e accounting records the financial statements have not been prepared in accordanee with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable to charrlies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Replrblic of Ireland (FRS1021 there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. John Mccleary FCA MCCLEARY & COMPANY LTD Chartered Accountants Garvey Studios 14 Longstone Street Lisbum Co Antrim BT28 1TP Date.. 20 March 2025
Hobby Horse Family Projects IA ¢ompany limited by guarantee, not having a shar• eapitall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporat5ng an Income and ExpendlturÈ Accountl for the financial year ended 30 September 2024 Unrestri¢ted Restricted Fund$ Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income Donations and legacies 38,953 87,730 126,683 35,471 135,812 171.283 Expenditure Charitable activities 19.689 117.053 136,742 38,526 119,436 157,962 Net incomel(expendlture) 19,264 129,323) (10,059) {3,055) 16,376 13.321 Transfers between funds 112.068) 12.068 Net movement in funds for the financial year 7,196 117,255) (10,059) {3.0551 16,376 13,321 Reconclliation of funds: Total funds beginning of the year 10 (2.7811 17.255 14.474 274 879 1,153 Total funds at the end of the year 4.415 4,415 (2.7811 17.255 14.474 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 10 to 14 form part of the fin8ncial statements
Hobby Horse Family Projects (A company Ilmlted by guarantee. not havlng a share capltall Company Number.. N1644473 BALANCE SHEET as at 30 September 2024 2024 2023 Notes Current Assets Debtors Cash at bank and in hand 1,611 7,016 21,584 8,627 21,584 Creditors: Amounts falllng dug Wlthln one year Net Current Assgts {4,212) 17,110) 4,415 14,474 Totsl Assets le$s Current Liabilitles 4.415 14,474 Funds Restricted trust fvnds General fund {unrestricted) 17,255 (2,781 } 4.415 Total funds 10 4,415 14.474 These financial statements have been prepared In accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 30 September 2024 the charty was entitled to exemption from audit under se¢lion 477 of the Compani8s Act 2006: and no notic8 has been deposited under section 476. The trustees confirm that the members have not r8quir8d the company to obtain an audit of its financial statements for the financial year in question In accordance with section 476 of Ihe Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 and for preparing finanoial statements which give a true and fair view of the stale of affairs of the charity as at the end of the financial year and of its profit and loss for the 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 charity. Approved by the Boar of Trustees and authorised for Issue on 20 March 2025 and slgned on its behalf by n Stronge stee The notes on pages 10 to 14 forrn part of the financial stslements
Hobby Horse Family Projects IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 GENERAL INFORMATION Hobby Horse Family Projects is a company limited by guarantee incorporated in Northem Ireland. The registered office of the charity is 143 Northumberland Street, Belfast. Co Antrim. B T13 2JF which is also the principal place of business of the charity. The financial statemenls have been presented in Pound 1£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistentiy in dealing with items which are considered material in relation to the charity's financial slalements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost Convention. modified to include certain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from Ihe standard formals are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compllan¢e The financial statements of the charity for the financial year ended 30 September 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice ISORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102". Cash flow statement The charity has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classified as a small charity. Fund accounting The following are the categories of funds maintained.. Restricted funds Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the Charity. Unrestricted funds Unrestricted funds ¢onsist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in fltrtherance of the objectives of the charity. Designated funds cornprise unreslrtcled funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only. and do not legally restrict the board's discretion lo apply the fund. Income Income is recognised by Inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the ilem(s) of income have been met. the amounts involved can be measured with sufficient reliabilily and it is probable that the income will be received by the charity. Income from charitable actlvltles Income from charitable activities include income earned from the supply of services under contractual atrangemenls and from perfomiance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions conlained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where Bntitlement occurs before income is received. it is accrued in debtors. 10
Hobby Horse Family Projects continued {A ¢ompany limited by guarantee, not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 Grants from governments and other co-funders typically include one of the following types of conditions= Performance based conditions.. whereby the charity is contractually enlilled lo funding only to the extent Ihal the core objectives of the grant agreement are achieved. Where the ¢haTily is meeting the core objectives of a grant agreement, it recognises the related expenditure. to the extent that it is reimbursable by the donor. as income. Time based conditions.. whereby Ihe charity is conlraclually entitied to funding on the condition that it is ulilised in a particular period. In these cases the charity recognises the income to the extent it is ulilised within the period specified in the agreement. In the absence of such conditions, assuming that receipt is probable and the amount Can be reliably measured, grant income is recognised once the charity is notified of enlillement. Grants received towards capital expenditure are credited to the Ststement of Financial Activities when received or receivable. whiehever is earlier. Expenditure Expenditure is analysed beeen costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according lo their major components. Expènditure is recognised when a legal or constructive obligation exists as a result of a past event. a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support cosls are those functions that assist the work of the charity bul cannot be attributed to one aclivily. Such costs are allocated lo activities in proportion to staff lime spent or other suitable measure for each aelivity. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation and deferred tsxation No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Donations Fees Grants 3,000 35,953 3,000 35.953 87,730 3,500 30.092 137,691 87,730 38,953 87.730 126.683 171.283 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs other Costs Support Costs 2024 2023 Expenditure on charitable activites 130.258 6,484 136,742 157,962 SUPPORT COSTS Charitablg Activities 2024 2023 Professional fees Accountancy and legal fees Bank charges Sundries 3,804 2,262 206 212 3,804 2,262 206 212 5,067 2.075 194 349 6.484 6,484 7.685 11
Hobby Horse Family Projects ontinued IA company limited by guarants¥, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 ANALYSIS OF SUPPORT COSTS 2024 2023 Professional fees Accountancy and legal fees Bank charges Sundries 3,804 2,262 206 212 5,067 2,075 194 349 6,484 7.685 EMPLOYEES AND REMUNERATION Number of omployees The average number of persons employed (including executive Iruslees} during the financial year was as follows- 2024 Number 2023 Number Administration The staff costs comprise: 2024 2023 Wages and salaries Soci81 security costs Pension costs 102,028 1.607 784 120,248 1.905 865 104.419 123,018 No employees received emoluments in excess of £60,000. DEBTORS 2024 2023 Taxation and social security costs 1,611 CREDITORS Amounts falling due within one year 2024 2023 Taxation and social security costs Other creditors Accruals and deferred income 1,233 1,827 4.050 4.212 4.212 7,110 RESERVES 2024 2023 At the beginning ofthe year {DeficilySurplus for the financial year 14.474 110,059) 1.153 13.321 At the end of the year 4,415 14,474 12
Hobby Horse Family Projects continued IA company limited by guarantee, not having a sharo ¢apitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Rgstricted Funds Funds Total Fund5 At 1 October 2022 Movement during the financial year 274 (3,0551 879 16,376 1,153 13,321 At 30 September 2023 Movement during the financial year {2,781 } 7,196 17,255 (17,2551 14,474 110,059) At 30 September 2024 4.415 4.415 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 October 2023 Income Expenditure Transfers Balance between 30 September funds 2024 BRO Account The Pathway Fund Belfast Health & Social Care Trust Childcare Partnership 17.255 34.504 29.988 20,818 2.420 63.827 29.988 20,818 2.420 12,068 17,255 87,730 117,053 12,068 Unrestrieted funds Unrestricted General (2.781) 38,953 19,689 {12,068} 4,415 Total funds 14,474 126,683 136,742 4,415 10.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current liabilities Total Unrestricted general funds 7,016 (2,601) 4.415 7,016 {2,601) 4.415 11. STATUS The charity is a Company limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute lo the assets of the company in the event of ils being wound up while they ar8 member5, or within one financial year thereafter, for the payment of the deb15 and liabilities of the company contracted before they ceased lo be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required. not exceeding £ 1. 12. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 13
continued Hobby Horse Family Projects IA company limited by guarant¢•, not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 13. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023. There were no trustees, expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. 14
HOBBY HORSE FAMILY PROJECTS (A company limited by guarantee, not having a sharè ¢apitall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024 15
Hobby Horse Family Projects IA company limited by guarantee, not having a sharè eapilall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Slalement for the financial year ended 30 September 2024 2024 2023 Incorne 126,683 171,283 Expenses Wages and salaries Social security costs Staff defined contribution pension costs Staff training Rent Insurance Childrens uniforms Light and heat Repairs and maintenance Printing. postage and stationery Telephone Compuler costs Programme costs Legal and professional Accountancy Bank charges General expenses 102.028 1,607 120,248 1,905 865 2,597 12,254 583 1,448 6,330 1,269 1,551 720 84 10,000 641 733 4.043 5,514 1,000 600 310 2,914 3.804 2,262 206 212 507 5,067 2,075 194 349 136.742 157,962 Net (deficit)lsurplus 110,0591 13.321 The supplementary information does not form part of the financial statements 16