Report of the Directors and Unaudited FinanclAI StAtements for the Year Ended 31 March 2025 for Home-start Neivcastle Doivn District
Home-start Newcastle Down Distriet Contents of the Financial Statements for the Year Ended 31 March 2025 Page Company Information Report of the Directors Chartered Aceountantg, Report Income Statement Balance Sheet Notes to the Finanelal Statements
Hometart Newcastle Down District Company lllformation for the Year Ended 31 March 2025 DIRECTORS: Mrs F I Crory R P Smith Mrs 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 (Northern Ireland) ACCOUNTANTS: M.B.McGrady & Co Chartered Accountants Rathmore House 52 Sl Patricks Avenue Downpatrick Co. Down BT30 6DS
Home-StArt NewcRstle Down District Report of the Directors fDr the Year Ended 31 March 2025 The directors present their report with the financial statenients of the coinpany for the year ended 31 March 2025. PRINCIPAL ACTIVITY The principal activity of die company in the year under review was that of a charity shop. DIKECTORS The directors shown below have Iield office during tlie wliole of tlie period from l April 2024 to tlie date of this report. Mrs F I Crory R P Smith Mrs M Kearney Ms B Owens D Mcgregor POLITICAL DONATIONS AND EXPENDITURE Th¢ ¢on]pany did not make any political donations duri5)g the year. A donation of the company surplus was nTrde to a local charity HDme-Starl District. Tl)is report ha8 been prepared in accordance with the provisions of Part 15 of Ilie Cornpanies Act 2006 relating to sinall companie8. ON BEHALF OF THE BOARJ): JTfy Mrs F I Crory - Director 5 Deceniber 2025
Independent Examiner'5 Report to the Trustees of Home-start Newcastle Down District report on the accounts of the company for the year ended 31 March 2025, which are set out on pages four to six. Respective responsibilities of Charity trustees and examiner As the charity's trustees (and also the directors for ihe purposes of company law) you are responsible for the preparation of the accounts in accordance with the requiremenls 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.. eXnIne 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 exarnined your charity accounts as required under Section 65 of the Charities Act and my examination was Caled out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Acl. The examination 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 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 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 Charities Statement of Recommended Practice applicable to charities preparing th¢ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is furtheT infonnation needed for a proper understanding of the account5 to be reached. Independent examlner's stAtement I have completed rny 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. Mr Malachy ady FC M.B.McGrady & Co Chartered Accountants RathmoTe House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS 5 December 2025 This page does not fomi part of the stathtory fmancial statements
Home-start New¢Astle Down District Income Statement for the Year Ended 31 March 2025 3113125 3113124 Notes TURNOVER 69,059 76,307 Admintstrative expen8e8 (74,437) (84,418) (5,378) (8,111) Other operating income 5,378 8,111 OPERATING SUIiPLUS and SURPLUS BEFORE TAXATION Tax on sUlUS SURLUs FOR THE FINANCLbL YEAR The notes forni part of these financial slateinents
Home-start NewcAstle Down District (Registered number: N1656345) BAlance Sheet 31 March 2025 3113125 3113124 NDtes FIXED ASSETS Tangible assets 600 CURRENT ASSETS Debtors Cash at bank 156 8,497 10,006 8,653 10,006 CREDITORS nDunls falling due within one year 9,253 10,006 ET CURRENT LIABILITIES (600) 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 31 March 2025. The members have not required the company to obtain an audit of its financial st&tements for the yehr ended 31 March 2025 in a¢¢ordan¢e with Section 476 of the Coinpanies Act 2006. The directors acknowledge their r¢spon%ibililies for.. (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial 8tatements which give a true and fair view of the st&te of affairs of the company as &t the end of each financial year and of its surplus or deficit for each fmancial year in aCCDrdance with the requirements of Sections 394 and 395 and which otherwise comply wiiFL the Tequirements of the CompAnies Act 2006 relating to financial slalements, 80 far as applic&ble to the company. Tbe fin8nciAI statements have been prepared in accordance with the provisions applicable to ¢otnpanies subject to the small companies regime. The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its bchalf by,. R P Smith- Director The notes fonn part of these financial ststements
Home-start Newcastle Down Dfistrict Notes to the Financial Statements for the Ye#r Ended 31 March 2025 STATUTORY INFORMATION Home-start Newcastle Down District is a private company, limited by guarantee, registered in Northern Ireland. The company's registered number and registered offsce address can be found oli the Company InfoTmation page. Tlie presentation cuencY of the financial statements is the Pound Sterling (£). ACCOUNTING POLICIES Basis of preparing the financial statement$ These financial staternents bave been preped in accordan¢e with Financial RcpDrting Standard 102 "The FinaDcial Reportiug Standard applicable in the UK and Republic of ITe18nd" including the provision8 of Section IA "Small Entities and the Companies Act 2006. The financial statements have been prepared undffl. the histori¢al ¢ost ¢onvention. Critlcal accountlng Judgements alld key sources of estlmatlon uncertAinty Estiniates and JudentS niade in the process of preparing the financial statements are continually evaluated and are based on h?stori¢al experien¢e and other factors, including expectations of events that al'e believed to be reasonable under the circuinstances. Tlie directors do not consider tliat tliere are any critical judgments niade in applying tl)e Company's accounting policies or that there are any critical P4ccounting estiinates or assuinptions which may have a significant risk of causing a material adjustinent lo ¢arTying amounts of assets and liabilities witliin the next financial year. Turnover Turnover is measured at the fair value of tlie consideration received or receivable, ex¢ludiDg discounts, rebales, value added tax and ollier s&le8 taxes. TAnglble flxed assets Depreci&tiDn is provided at the following annual rates in ol'der to write off each asset Dver its e81imated useful life. TaxAtlon Taxation for the year compi'ises current and deferred tax. Tax is recognised in the liicome Stateinent, except to the extent th&t it relates lo items recognised in other comprehensive incoine or directly in equity. Current or deferred taxation assets and li&bilities are not discounted, Current tax is recognised at the amount of lax payable using tlie tax rates and laws that have been ¢na¢t¢d or substalltively enacted by the balance sheet date. Deferred tax Deferred lax is recognised in respect of all timing differen¢es that have originated but nDt reversed at tlie balance sheet date. Timing differences arise from the inclusion of incoine and expenses in tax assessments in periods different froi thos¢ in which they are recognised in financi81 statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the tiiniJg difference. Unrelieved tax losses and other deferred tax assets a recognised oiily to the extent th&t it is probable that they will be recDvered against the reversal of deferred lax liabilities or othei. future taxable profits. Hire purehase and leasing commitments Rentsls p&id under operating leases are ch3rged to surplus or deficit on a slraight line basis over the period of the lease. aontillued...
Home-start Newcastle Down District Notes to the FiDanefiAI Statements - continued fDr the Year Ended 31 MAreh 2025 ACcOuNTG POLJCIES - continued Penslon costs and other post-retirement benefits The company oper&teg a defined contn'bution pension scheme. Contributions payable to the cornpanJPB pension scheme are chaTged to profit or108s in Ihe period lo which they relate. EMPLOYEES AND DIRECTORS The average number of employees during the year was NIL (2024 - 4). OPERATING SURPLUS The OP¢TatllJg surplus is stated aftcT ch8rging'. 3113125 3113124 Depre¢iation- owned assets 106 TANGIBLE FIXED ASSETS Plant and machinery etc COST Additions 706 At 31 M&rch 2025 706 DEPRECIATION Charge for yemr 106 At 31 March 2025 J06 NET BOOK VALUE At 31 March 2025 600 DEB TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Other debtors 156 CREDITORS: AMOUNTS FALLG DUE WITHIN ONE YEAR 3113125 3113124 Taxation and social security Other creditors 119 9,134 137 9,869 9,253 10.006