Report ofthe Directors and Unaudited Financial Statements for the Year EDded 31 Mareb 2024 for HOME-START NEWCAsfLE DOWN DISTRI HOME-START NEWCASTLE DOWN DISTRICT Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024 Page Company lllformation Report of the Directors Independent Examiner5 Report Income Statement Abridged Balanee Sheet Notes to the Financial StAtements HOME-START NEWCASTLE DOWN DISTRicr Company Information FOR THE YEAR ENDED 31 MARCH 2024 DIRICTORS: Mrs F I Crory RPSmith Mxs M Kearney Ms B Owens D Mcgregor REGISTERED OFFICE: 14-15 Innovation House Down Business Park 46 Belfast Road Downpatrick Co. Down BT30 9UP REGISTERED NUMBER: N1656345 (Nortbern Ireland) AccouiYfANTS: M.B.McGrady & Co Chartered Accountants Rathmore Howe 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS HOME-START Tr4EWCASTLE DOWN DISTRicr Report of the Directors VOR THE YEAR ENDED 31 MARCH 2024 The directors present their Teport with the fmancial statements of the company for the year ended 31 March 2024. The principal activity of the company in the year under review was that of a charity shop. DIRECTORS The directors shown below have held office during the whole of the wiod from l April 2023 to the date of this report. Mrs F I Crory RPSmith Mrs M Kearney Ms B Owens D mc￿gor Other changes in diTe¢tors holding office are as follows: M Walls - resigned 18 May 2023 POLITICAL DONATIONS AND EXPENDTfuRE The coMp￿Y did not make aDy political donations during the year. A donation of the company surplus was made to a local charity Home-start Down District. This report has been prepared in accordance with the provisioDS of Part 15 of the Compallie5 Act 2006 relating to small companies. ON BEHALF OF THE BOAIiD: Mrs F I Crory- Director 12 November 2024 Independent Examiner's Report to the Trustees or Home-start Newcastle Down District I report on the accounts of the company for the year ended 31 March 2024. whÈch are set out on pages four to six. Respective responsibilities of eharity trllstees and examiner As the charity's tn￿teeS (and also the directors for the purposes of company law) you are responsi7)le for the preparation of the accounts in accordance with the Tequirements of the Companies Act 2006. Having satisfied myself that the charity is not subje¢t to audit under company law and is elÉgible for independent examRnation, it is my responsibility to= examine the accounts under Section 65 of the Cbarities Act follow the procedures laid down in the general Directions given by the ChaTity 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 Tequired under Section 65 of the Cbarities Act atLd n]y examination was cakTied out in accordance with the generaI Directions giveo by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examinatlOD included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration ol any unusual items or disclosures in the accounts, and seeking explanations from you as charity tsustees concerning any such n]atters. My role is to state whether any material matters have come to my attention giving me Cause to believe.. That accounting Tecords weTe 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 rnethods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the tTK and Republic of treland That there is further iDfomiation needed for a proper understanding of the accounts to be reache(L Independent exr4miner's statement I have completed my examination and have no concen￿ ill respect of the matter5 (1) to (4) listed above an¢ in connection with following the Directions of the Charity Commission for Northern Irelall￿ I have found no matters that require drawing to your attention. Mr Malach McGrady F M.B.McGrady & Co Chartered Accountants Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS 12 Noven]ber 2024 This page does not form part of the statutory financial statements HOME-START NEWCASTLE DOWN DISTRIcr Income Statement FOR THE YEAR Ef4DED 31 MARCH 2024 31nn4 3113123 TURNOVER 76?07 50,339 Administrative expenses (84,418) (56,590) (8,111) (6,251) Other operating income 8,111 6251 OPERATING SURPLUS and SURPLUS BEFORE TAXATION Tax OD surplus SURPLUS FOR THE FINANCIAL YEAR The notes forni part of these financial statements HOME-START NEWCASTLE DOWN DISTIUCT OiEGISTERED NUMBER: N1656345) Abridged Balance Sheet 31 MARCH 2024 31r3n4 3113123 CURRENT ASSETS Cash at baDk 10,006 20,186 CREDITORS Amounts falling due within one year 10,006 20,186 TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES The company is entided to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The Members have not required the company to obtain ￿ audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge theiT Tesponsibilities for: (a) ensuring that the company keeps accounting records which conwly with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial ststements which give a true and fair view of the state of affairs of the company as at the end of each f￿ancIal year and of its surplus or deficit for each fmancial year in accordance with the requirements of SectiODS 394 and 395 and which otherwise con]ply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. All the members have consented lo the prepardtion of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Con]panies Act 2006. The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were Si8Ded on its behalf by: R P Smith - Director The notes forni part of these financial statetnents HOME-START NEWCASTLE DOWN DISTIUCT Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024 STATUTORY INFORMATION Home-start Newcastle Down District 15 a private company, limited by guarantee, registered In Northern ITeland. The company's registered number and registered office address can be found on the Company Inforrnation page. The presentation currency of the financial statements is the Pound Sterling (£). ACCOUNTING POLICIES Basis of preparing the financial statements These fillancial statements have been prepared in aw)rdance with 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 financial statements have been prepared under the historical Cost convention. Critical accounting judgements and key sources of estimation uneertainty Estin]ates and judgments made in the process of piepaTing the financial statements are continually evaluatsd and are b&sed on bistorical experience and other factors, including expectations of future events tbat are believed to be reasonable under the circumstances. The directors do not consider that there are atky critical judgments made in applyino the Companls accounting policies 01 that there are any crttical accounting estimates or assumptions which ]nay have a Si￿1]fiCant risk of causing a material adjusttnent to Ca￿iDg amounts of assets and liabilities within the next financial yeaT. Tllrnover Turnover is measured at the fair value of the Consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Taxation Taxation for the year comprises Cu￿ent and deferred tax. Tax is recogtiised in the Income Statemen¢ except to the extent that it relates to items recoguised in otber comprehensive income or directly in equity. Current or deferred taxation &ssets and Iiabilities are not discounte(t Current tax is recogtiised at the amount of t&x payable usillg the tax rdtes and laws that have ￿ell enacted or substantively enacted by tbe balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not Teversed at the balance sheet date. Timing differences arise frorn the inclusion of income and expenses in tax &ssessments in periods different fron] those in which they are recognised ill financial statements. Defe￿ed tax is measured using tax rates and laws that have been enacted or substantively en￿tsd by the year end and that are expected to appEy to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised onty to the extent that it is ptobable that they will be recovered against the TeveT5al of defe￿ed tax liabilities or other future tsxable profits. Hire purchase and leasing colnmitm¢nts Rentals paid under operating leases are ¢harged to surylus or deficit on a Straight line basis over the period of the lease. Pension costs and other post-retirement benefits The company operates a defmed contribution pension scheme. Contrlutions payable to the company's pension scheme are chorged to profit or loss tn the period to which they relate. Continued... HOME-START NEWCASTLE DOWN DISTRICT Notes to the Fin2neial Statement5 - continued FOR THE YEAR EP4DED 31 MARCH 2024 EMPLOYEES AND DIREcfoRS The average number of employees during the year was 4 (2023 - 3).