UHUB Therapy Centre
(A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
for the financial year ended 31 August 2025
| Unrestricted Funds 2025 Notes £ Income Donations and legacies 4.1 184,399 Charitable activities 4.2 - Other trading activities 4.3 100,986 Other income 4.4 7,118 Total income 292,503 Expenditure Charitable activities 5.1 199,278 Net income/(expenditure) 93,225 Transfers between funds 49,141 Net movement in funds for the financial year 142,366 Reconciliation of funds: Total funds beginning of the year 17 180,412 Total funds at the end of the year 322,778 |
Restricted Funds 2025 £ - 327,709 - - 327,709 305,448 22,261 (49,141) (26,880) 34,994 8,114 |
Total Funds 2025 £ 184,399 327,709 100,986 7,118 620,212 504,726 115,486 - 115,486 215,406 330,892 |
Unrestricted Funds 2024 £ 91,123 - 149,974 372 241,469 242,745 (1,276) 172,652 171,376 9,036 180,412 |
Restricted Funds 2024 £ - 453,521 - - 453,521 245,875 207,646 (172,652) 34,994 - 34,994 |
Total Funds 2024 £ 91,123 453,521 149,974 372 694,990 488,620 206,370 - 206,370 9,036 215,406 |
|---|---|---|---|---|---|
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 15 to 22 form part of the financial statements
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UHUB Therapy Centre
(A company limited by guarantee, not having a share capital) Company Number: NI640022 BALANCE SHEET
as at 31 August 2025
| Notes Fixed Assets Tangible assets 11 Current Assets Debtors 12 Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net Current Assets Total Assets less Current Liabilities Funds Restricted funds Designated funds (Unrestricted) General fund (unrestricted) Total funds 17 |
2025 £ 224,443 20,593 141,134 161,727 (55,278) 106,449 330,892 8,114 219,452 103,326 330,892 |
2024 £ 175,640 28,956 76,299 105,255 (65,489) 39,766 215,406 34,994 169,902 10,510 215,406 |
|---|---|---|
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.
Approved by the Board of Trustees and authorised for issue on 27 March 2026 and signed on its behalf by
________L Wilkinson Chairperson
The notes on pages 15 to 22 form part of the financial statements
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UHUB Therapy Centre STATEMENT OF CASH FLOWS
for the financial year ended 31 August 2025
| Notes Cash flows from operating activities Net movement in funds Adjustments for: Depreciation Interest receivable and similar income Movements in working capital: Movement in debtors Movement in creditors Cash generated from operations Cash flows from investing activities Interest received Payments to acquire tangible assets Net cash used in investment activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 13 |
2025 £ 115,486 5,681 (353) 120,814 8,363 (10,211) 118,966 353 (54,484) (54,131) 64,835 76,299 141,134 |
2024 £ 206,370 4,591 (372) 210,589 11,856 (35,404) 187,041 372 (172,111) (171,739) 15,302 60,997 76,299 |
|---|---|---|
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UHUB Therapy Centre (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2025
1. GENERAL INFORMATION
UHUB Therapy Centre is a company limited by guarantee incorporated in Northern Ireland. The registered office of the charity is 36 Hamilton Road, Bangor, BT20 4LE, Northern Ireland which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "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", applying Section 1A of that Standard.
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 the standard formats are to 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 compliance
The financial statements of the charity for the financial year ended 31 August 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "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", applying Section 1A of that Standard.
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 consist of General and Designated funds.
General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.
Designated funds comprise unrestricted 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 to 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 item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.
Income from charitable activities
Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance 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 contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.
Grants from governments and other co-funders typically include one of the following types of conditions:
Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a
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UHUB Therapy Centre
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2025
grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income.
based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised 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 entitlement.
Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.
Expenditure
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure 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 costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.
Judgements and key sources of estimation 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 reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Going concern
There are no material uncertainties about the charity's ability to continue.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Freehold property 2% Straight line Fixtures & fittings 10% Straight line
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.
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.
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UHUB Therapy Centre (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2025
Taxation and deferred taxation
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the charity's taxable income and its results as stated in the financial statements.
Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Pensions
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Annual contributions payable to the charity's pension scheme are charged to the income and expenditure account in the period to which they relate
Financial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their 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, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the 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 financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES
In common with many other charity of our size and nature, we use our auditors to assist with the preparation of the financial statements.
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UHUB Therapy Centre
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2025
| 4. INCOME 4.1 DONATIONS AND LEGACIES Donations and legacies 4.2 CHARITABLE ACTIVITIES Grants : DFC TNCLF CFNI Comic Relief BHSCT Garfield Weston COF DOH TNLCF- Cost of Living Clothworkers Foundation Funding funeral 4.3 OTHER TRADING ACTIVITIES Counselling sessions 4.4 OTHER INCOME Other income 5. EXPENDITURE 5.1 CHARITABLE ACTIVITIES Expenditure on charitable activites 5.2 SUPPORT COSTS Governance Costs 6. ANALYSIS OF SUPPORT COSTS Governance Costs |
Unrestricted Funds £ 184,399 Unrestricted Funds £ - - - - - - - - - - - Unrestricted Funds £ 100,986 Unrestricted Funds £ 7,118 Direct Other Costs Costs £ £ 496,630 - |
Restricted Funds £ - Restricted Funds £ 45,271 126,813 - 69,895 - - 25,380 9,000 49,550 1,800 327,709 Restricted Funds £ - Restricted Funds £ - Support Costs £ 8,096 Charitable Activities £ 8,096 |
2025 £ 184,399 2025 £ 45,271 126,813 - 69,895 - - 25,380 9,000 49,550 1,800 327,709 2025 £ 100,986 2025 £ 7,118 2025 £ 504,726 2025 £ 8,096 2025 £ 8,096 |
2024 £ 91,123 2024 £ 49,373 138,991 6,250 47,166 18,000 155,340 38,401 - - - 453,521 2024 £ 149,974 2024 £ 372 2024 £ 488,620 2024 £ 14,484 2024 £ 14,484 |
|---|---|---|---|---|
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UHUB Therapy Centre (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2025
| 7. NET INCOME Net Income is stated after charging/(crediting): Depreciation of tangible assets Auditor's remuneration: - audit services 8. INVESTMENT AND OTHER INCOME Sundry income Bank interest |
2025 £ 5,681 4,671 2025 £ 6,765 353 7,118 |
2024 £ 4,591 3,744 2024 £ - 372 372 |
|---|---|---|
9. EMPLOYEES AND REMUNERATION
Number of employees
The average number of persons employed (including executive trustees) during the financial year was as follows:
| Number of Staff The staff costs comprise: Wages and salaries Social security costs Pension costs |
2025 Number 15 2025 £ 265,872 13,604 4,832 284,308 |
2024 Number 15 2024 £ 261,994 13,776 4,815 280,585 |
|---|---|---|
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
10. KEY MANAGEMENT PERSONNEL
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £63,138 (2024: £57,854).
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UHUB Therapy Centre
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2025
11. TANGIBLE FIXED ASSETS
| Cost At 1 September 2024 Additions At 31 August 2025 Depreciation At 1 September 2024 Charge for the financial year At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 12. DEBTORS Trade debtors Other debtors 13. CASH AND CASH EQUIVALENTS Cash and bank balances 14. CREDITORS Amounts falling due within one year Trade creditors Taxation and social security costs Other creditors Accruals and deferred income 15. PENSION COSTS - DEFINED CONTRIBUTION |
Freehold property £ 171,911 50,060 221,971 3,438 4,528 7,966 214,005 168,473 |
Fixtures & fittings £ 11,530 4,424 15,954 4,363 1,153 5,516 10,438 7,167 2025 £ 20,593 - 20,593 2025 £ 141,134 2025 £ 10,994 8,481 534 35,269 55,278 |
Total £ 183,441 54,484 237,925 7,801 5,681 13,482 224,443 175,640 2024 £ 26,819 2,137 28,956 2024 £ 76,299 2024 £ 10,424 3,710 - 51,355 65,489 |
|---|---|---|---|
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Pension costs amounted to £4,832 (2024 - £4,815).
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UHUB Therapy Centre
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2025
16. RESERVES
| At the beginning of the year Surplus for the financial year At the end of the year 17. FUNDS 17.1 RECONCILIATION OF MOVEMENT IN FUNDS At 1 September 2023 Movement during the financial year At 31 August 2024 Movement during the financial year At 31 August 2025 17.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 September 2024 £ Restricted funds DFC - BHSCT 751 DOH 28,991 TNLCF - TNCLF- Cost of Living 5,252 Clothworkers Foundation - Funding Funeral - 34,994 Unrestricted funds Capital Fund 169,902 Unrestricted General 10,510 180,412 Total funds 215,406 |
Funds £ - 115,486 115,486 Unrestricted Funds £ 9,036 171,376 180,412 142,366 322,778 Income Expenditure £ £ 45,271 45,680 69,895 70,646 25,380 54,371 126,813 120,499 9,000 14,252 49,550 - 1,800 - 327,709 305,448 - - 292,503 199,278 292,503 (199,278) 620,212 504,726 |
£ 215,406 - 215,406 Restricted Funds £ - 34,994 34,994 (26,880) 8,114 Transfers between funds £ 409 - - - - (49,550) - (49,141) 49,550 (409) 49,141 - |
Total £ 215,406 115,486 330,892 Total Funds £ 9,036 206,370 215,406 115,486 330,892 Balance 31 August 2025 £ - - - 6,314 - - 1,800 8,114 219,452 103,326 322,778 330,892 |
|
|---|---|---|---|---|
Transfers have taken place in the year which relates to fixed assets. UHUB Therapy Centre used funding to renovate the newly bought building which has been transferred to Unrestricted Funds as UHUB fully own these assets, no restriction has been placed on this asset.
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UHUB Therapy Centre
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2025
17.3 ANALYSIS OF NET ASSETS BY FUND
| - Restricted funds Unrestricted general funds |
Fixed assets charity use £ - 224,443 224,443 |
Current assets £ 38,203 123,524 161,727 |
Current liabilities £ (30,088) (25,190) (55,278) |
Total £ 8,115 322,777 330,892 |
|---|---|---|---|---|
18. 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 to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to 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.
19. CONTINGENT LIABILITIES
A contingent liability exists to repay grants and Trust monies received should certain conditions 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 liability is expected.
20. TRUSTEES' REMUNERATION
No trustees have received remuneration or reimbursement of expenses during the year.
21. RELATED PARTY TRANSACTIONS
FHNI is a related party to UHUB Therapy Centre, both organisations are co-founded by the same people and share resources.
Seed NI Training is a related party to UHUB Therapy Centre, both organisations are co-founded by the same people with Seed NI Training providing supervisors and training to UHUB.
During the year, work was carried out to the building premises by a company owned by an employee's husband.
22. POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
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