REPORT OF THK DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EI NDED 31 MARCH 2022 FOR HOME-START NEWCASTLE DOWN DISTRICT
HOME-ST ART NEWCASTLE DOWN DISTRICT CONTLI NTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Page Company Information Report of the Directors Chartered Accountants, Report Income Statement Abridged Balance Sheet Notes to the Finanei21 Statetllents Detailed lllcome alld Expenditure Account
HOME-START NEWCASTLE DOWN DISTRICT COTrLPANY INFORNtATION FOR THE YEAR ENDED 31 MARCH 2022 DIRECTORS: Mrs F I Crory RPSmith Mys M Kearney Ms B Owens D McGregor M Walls REGISTERED OFFICE: 14-15 Innovation House Down Business Park 46 Belfast Road Downpatrick Co. Down BT30 9UP REGISTERED NUMBEI R: N1656345 (Northern Ireland) ACCOUNTANTS: M.B.McGrady & Co Chartered Account8nts Rathmore House 52 St Patricks Avenue Downpatt'ick Co. Dow BT30 6DS
HOME-START NEWCASTLE DOWN DISTRIcr REPORT of4 THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2022 The diTectors present their report with the fmancial statements of the company for the year ended 31 March 2022. PRINCIPAL ACTIVITY The principal activity of the company in the year under review was tbat of a charity shop. EVENTS SINCE THE END OF THE YEAR Infonnation relating to events since the end of the year is given in the notes to the fmancial statement5. DIRECTORS The directors shown below have held ofFice during the whole of the period from l April 2021 to the date of this report. Mrs F I Crory RPSmith Mxs M Kearney Ms B Owens D McGregor Other change5 in directors holding office are as follows: Ms J Dinnen - resigThed 30 September 2021 M Walls - appointed 3 June 2021 POLITICAL DONATIONS AND EXPENDITURE The company did not make any political donations during tbe year. A donation of the company surplus was made to a local charity Home-start Down District. This report has been preped in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ON BEHALF OF THE BOARD: Mrs F I Crory - Director 5 July 2022
CHARTEREI D ACCOUNTANTS, REPORT TO THEI BOARD OF DIRtI CTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF HOME-START NEWCASTLE DOWN DISTRICT In accordance with our tern]s of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the fmancial stateinents of the company for the year ended 31 March 2022 which comprise the Income Statement, Abridged Balance Sbeet and the related notes from the accounting record5 and infonnation and explanations you have given to us. This report 15 made to the company's Board of Directors, as a body, in accordance with the tenns of our engagement. Our work has been undertaken so that we might compile the fmancial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have aeed to state to tELem in this report and for no other purpose. To the tsllest extent peiinitted by law, we do not accept or assume responsibility to anyone other th&n the company and the company's Board of DirectOTS, as a body, for our work or for this report. We have carried out thi5 engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to me]nbers undertaking the compilation of fwancial statements. You have acknowledged on the Balance Sheet as at 31 March 2022 your duty to ensure that the company has kept proper accounting records and to prepare fllLancial statements that give a tLue and fair view under tbe Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the fmancial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the fmancial statements. .McGr dy&Co Chartered Account Rathmoi'e House 52 St Patricks Avenue Downpatrick Co. Down Bf30 6DS 5 July 2022 This page does not form part of the staiutory f]naDcial Statements
HOIIIE-START NEWCASTLE DOWN DISTRICT INCOME STATEMCI NT FOR THE YEAR ENDED 31 MARCH 2022 3113122 3113121 16,789 TURNOVER 40,733 Administrative expenses 32,312) (6,689) (15,523) Other operating income 6,689 OPERATING SURPLUS and SURPLUS BEFOREI TAXATION Tax on surplus SURPLUS FOR THE FINANCIAL YEAR The notes form part of these fjnancial statements
HOME-START NEWCASTLE DOWN DISTRICT (REI GISTLRED NUMBER: N1656345) ABRIDGED BALANCE SHEET 31 MARCH 2022 3113122 3113121 CURRENT ASSETS Cash at bank 24,907 18,218 CREDITORS Amounts falling due within one yeaT 18,218 TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 1 March 2022. The membeiE have not i'equired the company to obtain an audit of its fmancial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for.. (a) ensuTillg that the company keeps accounting records which comply with Sectiolls 386 aud 387 of tbe Companies Act 2006 and (b) preparing financial statements which give a true and fair view of tILe state of affairs of the company as at the end of each f]nallcial year and of its surplus or deficit for each fmancial year in accoi'dance with the requireentS of Sections 394 and 395 and which othenvise ¢o]nply with the requirements of the Companies Act 2006 relating to fmancial statements, so far as applicable to the company. The fmancial statements have been prepared in accordance with the PTovisions applicable to companies subject to the small cotllpRnie5 regijne. All the rllembers have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444{2A) of the Companies Act 2006. The fall¢jaI statements were approved by the Board of Directors and authorised for issue on 5 July 2022 and were" signed on its behalf by.. R P Smith - Director The notes form part of these fmancial statements
HOIVIE-START NEWCASTLE DOWN DISTRICT NOTES TO THE FINANCIAL sTATE1ENTs FOR THE YEAR ENDII D 31 MARCH 2022 STATUTORY INFORMATION Home-slart Newcastle Down District is a private company, li]nited by gu.alltee, registered in Northern Ireland. The company's registered number and re8lStered office address can be found on the Compally Inforn]ation page. The presentation currency of the fanCIal statelllents is the Pound Sterling (£). ACCOUNTING POLICIES Basis of preparing the financial statements These fmancial statements have been prepared in accordance witb Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland including the provisions of Section IA Small Entities" and the Companies Act 2006. The fmancial staten]ents have been prepared under the historical cost convention. Critical accounting judgements and Icey sources of estimation uncertainty Estimates and judgments made in tbe process of preparing the fmancial statements are continually evaluated and are based on histol'ical experience and other factors, including expectations of fvture events that are believed to be reasonable under the circumstances. The directors do not consider that there are any critical judwents made in applying the Company's accounting policies or that there u'e any critical accounting estimates or assu]nptions which may have a significant risk of causing a material adjustrnent to carrying amounts of assets and liabilities within the next fmancial year. Turnover Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, vaLue added tax and other sales taxes. Taxatio Taxation foi. the year comprises cuent and defen'ed tax. Tax 15 recognised in the Income Statement, except to the extent that it relates to items recognised in other compi'ehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by tbe balance sheet date. Deferred tax Defen'ed tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Tirning differences arise frorn the inclusion of income and expenses in tax assessments in periods different from those in which they ai'e reCOlSed in fmancial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by tbe year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losse5 and other deferred tax assets are recognised only to the extent that it Is probable that they will be recovered against the reversal of deferred tax liabilities or other tllre taxable profits. Hire pureliase and leasing commitments Rentals paid under operatillg leases are charged to surplus or deficit on a straight-line basis over the period of the lease. Pension costs and other post-retirement benefits The coinpany operates a defmed contribution pension scheme. Contributions payable to the company's pension scheme are chai'ged to profit or loss in the period to which they relate. continued...
HOML-START NEWCASTLE DOWN DISTRICT NOTES TO THE FINANCIAL STATEIIICI NTS - continued FOR THE YEAR ENDED 31 MARCH 2022 EMPLOYEES AND DIRECTORS The average number of employees during the year was 3 {2021- 1). POST BALANCE SHEET EVENTS The ellLeigence and spread of the coronavirus in early 2020 have affected business and economic activity throughout the UK and Ireland. Mallagement is Closely monitoring the constantly evolving situation but do not believe it will have any material impact on the company activity.
HOIKE-START NEI WCASTLE DOWN DISTRICT DETAILED INCOIIqE AND E< XPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 3113122 3113121 Sales 40,733 16,789 Other income Sundry receipts Government grants 6,190 499 47,422 32,312 Expenditure Rent Rates and water Light and heat Wage5 Social security Pensions Hire of plant aud machineiy Telephone Post and statiollery Repairs and i'enewals Sundry expenses Legal and professional fees Donatioiis 9,000 314 1,119 16,429 189 816 432 641 934 2,658 1,054 1,656 11,998 9,040 301 809 9,919 232 268 322 701 810 1,374 224 1,584 182 284 Finance cost5 Bank charges 182 284 NET SURPLUS This page does not form part of the statutory fmancial statements