UHUB Therapy Centre
Company Limited by Guarantee
ststement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Income and endowments
Donations and legacies
Charitable activities
Other trading activilies
Investment inc¢)me
91.123
91,123
453,521
149.974
372
77,703
263,204
111.402
453,521
149,974
372
Total income
241.469
453.521
694.990
452,309
Expondilure
Expenditure on charitable activities
Total expenditure
9,10
242.745
245,875
488,620
460.601
242,745
245,875
488,620
460.601
Net Incomel(expendlture)
(1,276)
207,646
206,370
18,292)
Transfers be￿een funds
172.652
(172,652)
Net movement in funds
171,376
206.370
18,292)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
9.036
9.036
17.328
180.412
34.994
215.406
9.036
The ststernent of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive frorn continuing activities.
The notes on pages 16 to 27 fom) part of these financlal statements.
13

UHUB Therapy Centre
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
2024
2023
Nole
Fixed assets
Tangible fLxed assets
16
175.640
8,120
Current assets
Debtors
Cash at bank and in hand
17
28.956
76,299
40,812
60.997
105,255
101,809
Creditors: amounts falling due within one year
Net current assets
18
65,489
100.893
916
39,766
Total assets less current liabilities
215.406
9,036
Net assets
215,406
9,036
Funds of the charity
Restricted funds
Unrestricted funds
34.994
180.412
9,036
9,036
Total charity funds
21
215.406
These financial statements have been prepared in accordance with the provisions applicable to
companies subject lo the small companies. regime.
These financial statements were approved by the board of trustees and authorised for issue on 9 May
2025, and are signed on behalf of the board by:
L Wilkinson (Chair)
Trustee
The notes on pages 16 to 27 fomi part of thgse financial statements.
14

UHUB Therapy Centre
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 August 2024
2024
2023
Cash flows from operating activities
Net incomel(expenditure)
206.370
18,292)
Adjustments for
Depreciation of tangible fixed assets
Other interest receivable and SiTnilar income
Interest payable and similar char9es
Accrued expenses
4,591
{372}
332
3.744
1.133
634
400
Changes in."
Trade and other debtors
Trade and other creditors
11.856
(39,1481
187.373
24.108
8,716
Cash generated from operations
26,699
Interest paid
Interest received
(332)
372
1634)
Net cash from operating activities
187,413
26,065
Cash flows from investing activities
Purchase of tsngible assets
Net cash used in investing activities
(172,1111
(172.111)
(7,099)
(7,099)
Net increase In cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
15.302
60.997
18,966
42,031
76,299
60.997
The notes on pages 16 to 27 fonn part of these finan¢ial statements.
15

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
General infom￿tIon
The charity is a public benefit entity and a private company lirnited by guarantee. registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered offiGe
is 36 Hamilton Road, Bangor. Northem Ireland, 8T20 4LE.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic ￿ IrelaThJ IFRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2￿6.
Accountlng policies
Basis of preparation
The financlal statements have been wepared on the historical cost basis, as modffjied by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expendiknjre.
The financial statements are prepared in sterling, which is the functional currency of the entty.
Going ¢onc•rn
There are no material uncertainties about the charity's abilty to continue.
Judgements and key sources of estlmation uncertainty
The preparation of the financial statements requires management to make judgements.
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually ￿vieWed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circUmstan￿s.
Fund accounting
Unrestricted funds are available for use at the discretion of the trust&s to further any of the
chariws purposes.
Designated funds are unrestrrted fu￿15 earrnarked by the trustees for particular fvt￿re project or
¢ommitmenL
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
Ihrough the terns of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
16

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements (¢onllnu•dJ
Year ended 31 August 2024
Accountlng pollcles {conllnued)
Incomlng resources
All incoming resources are i￿luded in the statement of financial activities when entidement has
passed to the tharity" it is probable that the economic be￿fitS assock3ted with the transaction
will flow to the chartty and the amount can be reliably measured. The following specific policies
are applied to particular calegories of income:
income from dor￿tionS or grants is recogntsed when there is evidence of entit]ement to the
gift, receipt is probable and tts amount I￿n be measured reliabty.
legacy income recognised bthen re￿Ipt is probable aThJ entilernerrt is estsblished.
income from donated goods is measured at the fair value of the go¢)Js unless this is
impractical to measure reliably. in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are induded for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirernent for it to be spent on a particular purpose and retumed if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the ￿$t$ of all fundraising activities, events, non-
charrtable trading ac￿￿tIes, and the sale of donated good5.
expenditure on charitable athities indudes all costs incurred by a charity in undertaking
activities that further its charitsble aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activilies.
other expenditure includes all expenditure that is neitt￿r related to raising funds for the
charity nor part of its expenditure on tharitable adiwties.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributsble to a single activity are allocated direcuy to that activty. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assots
Tangible assets are initially recorded at cost. and subsequeTrUy stated at cost less any
accumulated depreciation and impairment losses. Any tsngible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impaimient losses.
17

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements (conlinuedj
Year ended 31 August 2024
Accounting policies (eontlnu•d)
Tangible assets (continuedj
An increase in the carying an￿Unt of an asset as a result of a revaluation. i8 recognised in other
recognised gains and losses. unless il reverses a charge for impaimient that has previously been
recognised as expenditure within the statement of financial activib'es. A decrease in the carrying
amount of an asset as a result of revaluation. is rewgnised in other woJnised gains and losses,
except to which it oftsels any previous revaluation gain. in which case the Ic6s is shown within
other recognised gains and losses on the statement of finanaal activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an a&8et, les5 its residual
value. over the useful economic lrfe of that asset as folk)ws:
Freehold propety
Fixtures and fittings
2% straight line
33Yo straight line
Impaimient of fixed assets
A review for indicators of impairment is carried out at eath ￿￿rtIng date. with the recoverable
amount being estimated where such indicators exisL Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingty. Prior impairments are also reviewed for
possible reversal at each reporting date.
For Ihe PUTposes of impairment testing. when it is not wssible to estimate the recoverable
amount of an individual asset. an estimale is made of the recoverable amount of the cash-
generating unit to V4h￿h the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash infiows that largely independent of
the cash inflows from other assets or groups of assets.
For impaimient testing of gootfvrill, the goodwill acquired in a business combination is. from the
acquisition date. allocated to each of the cash-generating units that a￿ expected to benefit from
the synergies of the combination. Irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liabiltty Is recognised onty when the charity be￿rnes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount re￿Nable or payable including
any related transaction costs.
Current assets and current liabilities are subsequentty measured at the cash or other
¢*nsideration expected to be paKI or re￿rVed and not discounted.
Debt instruments are subsequenuy measured at amortised cost.
18

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
Accounting policiès (conllnu¢d)
Flnancial instruments {￿ntinued)
Where investrnents in sha￿S are publtcly traded or thety fair value can otherwise be measured
reliably. the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, induding derivatives. are initially rec<)3nised at fair value, unless
payrnent for an asset is deferred beyond nomial business terms or fInan￿d at a rate of interest
that is not a rnarket rate, in which case the asset is measured at trie present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of ffinanciJ activities. wtth the ex￿ption of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at ￿st or amortised cost are reviewed for objective eviden
of impaimient at the end of each ￿PortIng date. If there is objective evidence of impairrnent, an
impaimient loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instrurnents regardless of significance. and other financial assets that are
individually signtficant, these are assessed individually for impaimient. Other financial assets are
either assessed individually or grouped on the basis of similar credtt risk characteristics.
Any reversals of impairment are rec(gnised immediately. to the extent that the reversal does not
result in a carying amount of the finanaal asset that exceeds wh* the carrying amount would
have been had the impairnient not previously been recognised.
Defined contributlon plans
Contributions to defined contribution pIar￿ are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised a5 an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are mt expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it aris8S.
Limited by guarantee
UHUB Therapy Centr8 is a company limited by guarantee and has no share capital. In the event
of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member
of the charity
19

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements (￿￿1￿￿orf)
Year ended 31 August 2024
Donations and legacles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
91,123
91,123
77.703
77,703
Charitable activities
Restricted Total Funds
Funds
2024
Restricted Total Funds
Funds
2023
DFC
TNCLF
CFNI Comic Relief
CED
BHSCT
DOH
SEHSCT
BCC
Garfield Weston
COF
49.373
138,991
6.250
49,373
138.991
6.250
48.085
137.411
13.750
1.027
29.909
4.772
26.250
2.000
48,085
137,411
13,750
1,027
29.909
4.772
26,250
2,000
47.166
38,401
47.166
38.401
18.000
155.340
18.000
155.340
453.521
453.521
263.204
263,204
Other trading activities
Unrestricted Total Funds Un￿stricted Total Funds
Funds
2024
Funds
2023
Coun5elling sessions
149.974
149,974
111,402
111.402
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
372
372
20

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements {conttnued)
Year ended 31 August 2024
Expendlture on charltable actlvitles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Charitable adivities
Support cosls
228,261
14,484
245,875
474,136
14,484
242.745
245.875
488.620
Unrestrtcted
Funds
ReStr￿ted Totsl Funds
Funds
2023
Charitable aclivities
Support costs
195.073
2.324
263.204
458.277
2,324
197.397
263.204
460,601
10. Expenditure on charitable activities by activity type
Actiwties
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Charitable activities
Govemance costs
474,136
474,136
14,484
458,277
2,324
14,484
474,136
14,484
488.620
460.601
11. Net incomel(expendilure)
Net incomel(expenditure) is stated after Chargin￿(cred[lIng).
2024
2023
Depreciation of tangible fixed assets
4.591
1.133
12. Auditors remuneration
2024
2023
Fees payable fcx the audit of the financial ststements
3.744
13. Independent examination fees
2024
2023
Fees payable to the independent examiner for.
Independent examination of the financial statements
1,200
21

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
14. Staff costs
The total staff costs and employee benefits for the repcKtirNJ period are analysed as fc41ows:
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
261,994
13,776
4,815
250,585
11,257
5,076
280.585
266,918
The average head count of employees during the year was 15 (2023: 17)-
No employee received employee beneffts of more than £60.oc￿ during the year12023: Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibilty for
planning. directing and controlling the activthes of the charity- The total compensation paid to key
management personnel for services provided to the chartty was £57,85412023:£62.990).
15. Trustee remuneration and expenses
No trustees have received remunerdtion or r￿rnburSernent of expenses during the year.
16. Tangible fixed assets
Freehold Fixtures and
proFErty
ffttirKJs
Total
Cost
At 1 September 2023
Additions
11,330
200
11.330
172.111
171,911
At 31 August 2024
Depreciation
At 1 September 2023
Charge for the year
At 31 August 2024
Carrying amount
At 31 August 2024
At 31 August 2023
171.911
11,530
183.441
3,210
1.153
3,210
4,591
3,438
3.438
4.363
7.801
168.473
7.167
175.640
8,120
8,120
22

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements (Mnimuedj
Year ended 31 August 2024
16. Tangible fixed assets (¢ontlnued)
UHUB purchased a building in the year, 36 Hamiliton Road. Bangor for £171.911. in which they
receNed fuThJing from COF and Garfield Weston for this.
17. Debtors
2024
2023
Trade debtors
Olher debtors
26.819
2.137
33,735
7,077
28.956
40,812
18. Creditors: amounts falling duo withln one year
2024
2023
Trade creditors
Accruals and deferred inLX)me
Social security and other taxes
10.424
51,355
3.710
14,381
79,657
6,855
65.489
100,893
19. Deferred income
2024
2023
At 1 September 2023
Arnount released to inc¢Nne
Arnount deferred in year
At 31 August 2024
78,457
(78,457)
46.411
78.457
46,411
78,457
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expendi￿re as an expense in relation to defined
contribution plans was £4,815 (2023: £5,076).
23

UHUB Therapy Centre
Company Limited by Guarantee
Notes to the Financial Statements lcontsnued)
Year ended 31 August 2024
21. Analysis of charitable funds
Unrestricted funds
At
1 September
2023
At
31 August
2024
Income Expenditure
Transfers
Gen8ral funds
Capital fund
9.036
241.469
{239,307)
(3.438)
(242,745)
{688)
173.340
10.510
169,902
9.036
241.469
172.652
180,412
At
1 September
2022
At 31 August
2023
Income Expenditur8
Transfers
General funds
Capital fund
17.328
189,105
(197,397)
9.036
17,328
189.105
(197,397)
9,036

UHUB Therapy Centre
Company Llmlted by Guarantee
Notes to the Financial Statements fconfrnue(9
Year ended 31 August 2024
21. Analysls of charltable funds (conbnu8d)
Reslrl¢ted funds
At
1 September
2023
At31
Transfers August 2024
Income Expenditure
DFC
TNCLF
CFNI Comic Relief
CED
BHSCT
DOH
SEHSCT
BCC
Garfield Weslon
TNLCF - Cost of Living
COF
49.373
124.098
6,250
(50,061 >
(124.098)
(6,250)
688
47,166
38.401
{46,415}
(9,410)
751
28,991
18.000
14,893
155.340
(18,000)
(9.641)
5,252
(155,340)
(245.875) (172,652)
453,521
34.994
At
1 September
2022
At31
Transfers August 2023
Income Expenditure
DFC
TNCLF
CFNI Comic Relief
CED
BHSCT
DOH
SEHSCT
BCC
Garfield Weston
TNLCF - Cost of ￿VIng
COF
48.085
137.411
13,750
1.027
29.909
4.772
26.250
2.000
(48,085)
(137,411)
113.750)
{1,027)
129,909)
(4,772)
{26.250)
(2,000)
263,204
{263.204}
Transfers have taken place in the year which relates to fixed assets. Uhub Therapy Centre used
funding to purchase a building in Ihe year, which has been transferred to Unrestrided Funds as
UHub ftslly own this asset. no restriction has been placed on this asset.
25

UHUB Therapy Centre
ompany Limited by Guarantee
Notes to the Financial Statements (eonlinu8d)
Year ended 31 August 2024
22. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditor5 less than 1 year
Net assets
175,640
23,850
119.078)
180,412
175.640
105,255
{65.489)
215.406
81.405
(46,411)
34.994
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
8.120
101,808
(100.892)
9,036
8,120
101,808
1100.8921
9,036
23. Ethi¢al standards
In common with many oth￿ businesses of our size and nalure we use our audttor5 to prepare
d submit returns to the tax authorities and assist with the preparation of th8 financial
statements.
24. Taxation
Th8 Company is a registered charity, and as such is entl￿ed to tax exemptions on income and
profits in furtheran￿ of the charity's primary obJ"ectives.
25. Contingencies
A contingent liabilty exists to ￿paY grants and Trust monies received s￿)Uld ￿rtain condittons
not be fulfilled by the charity. In the opinion of the Trustees. the terms of the Letters of Offers
have been, or will be, complied with and no liabilty ts expected.
26. Going concern
The financial statements have been prepared on the going concem basis which assumes the
company will continue in operalional existen￿ for the foreseeable future. The validty of this
assumption deperKls upon the conb'nugj support of grant funding.
The balance sheet shows unrestricted reserves of £180.412. However £175,640 is tied up in
tangible fixed assets. Without the fixed assets. the balance sheet would be showing a balance of
£4.772. which does nol meet the target of the reserves policy of 6 months unrestricted
expenditure which amounts to £244,310 for the year.
26

UHUB Therapy Centre
Company Limlted by Guarantee
Notes to the Financial Statements (continu8dJ
Year ended 31 August 2024
27. Analysis of changes In net debt
At
At 1 Sep 2023 Cash flo4VS 31 Aug 2024
Cash at bank arKI in hand
60.997
15.302
76,299
28. Related parties
FHNI is a related party to UHUB Therapy Centre. both organisations are co-founded by the same
people and share resources.
27