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2023-12-31-accounts

Company No: NI675000 Charity No: 109005

LifehubNI Ltd

Financial Statements

For the Year Ended 31/12/23

Page 1

LifehubNI Ltd
Company Information
Chair Peter Shaw
Directors Peter Darragh
Christopher Holland
Angela Hunter
Ivan Steen
Katie Stevenson
Registered Ofce Townsend Enterprise
28 Townsend Street
Belfast
BT13 2ES
Accountants Insight Business Services
5 Bernice Road
Newtownabbey
BT36 4QZ

Page 2

LifehubNI Ltd

Page
Directors' Report 4
Accountant's Report 5
Statement of Financial Activities 6
Balance Sheet 7 – 8
Notes to the Financial Statements 9 – 11

Page 3

LifehubNI Ltd

Directors' Report

For the Year Ended 31/12/23

The Directors present their report and financial statements for the year ended 31/12/23

Incorporation and change of name

The company was incorporated on 16 December 2020 as LifehubNI Ltd. The company commenced trade on 16 December 2020.

Principal activity

The principal activity of the company is to provide welfare and charitable services. LifehubNI provides fresh food to people in need by collecting surplus food from retailers and distributing this to individuals and families in need. We also provide opportunities for people who are isolated or suffering from deprivation to benefit from contact with others and establish relationships.

Directors

The directors who served during the period are as stated below:

Peter Shaw Peter Darragh Christopher Holland Angela Hunter Ivan Steen Katie Stevenson

This report is prepared in accordance with the Companies Act 2006. This report was approved by the Board on 20/9/2024 and signed on its behalf by

Signature [Peter Shaw] Name Peter Shaw

Page 4

LifehubNI Ltd

Independent Examiner's Report to the Members of LifehubNI Ltd

I report on the accounts of the company for the year ended 31/12/23 , which are set out on pages 6 - 11.

Respective responsibilities of Directors and examiner

The company’s Directors are responsible for the preparation of the accounts. The company’s Directors consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 and the Charities Act (NI) 2008) and that an independent examination is needed. The charity’s gross income exceeded £10,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants

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:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

D Browne

Derek Browne ACMA Insight Business Services

53 Bernice Road Newtownabbey, BT36 4QZ

Page 5

LifehubNI Ltd

Statement of Financial Activities for the period ended 31/12/23

2023
2022
Restricted Unrestricted
Total
Funds
Funds
Notes
£
£
£		 2023
2022
Restricted Unrestricted
Total
Funds
Funds
Notes
£
£
£
Incoming Resources
Grant
2
36,386.00
8,230.00 44,616.00
14,119
Donations
0.00
18,253.92 18,253.92
14,162
Other Income
0.00
0.00
0.00
0
Total Income
36,386.00
26,483.92 62,869.92
28,281
Expenditure
Charitable Activities
36,386.00
25,648.92 62,034.92
30,384
Administrative Expenses
0.00
835.00
835.00
562
Total Expenditure
36,386.00
26,483.92 62,869.92
30,946
Net Incoming/(Outgoing) Resources
0.00
0.00
0.00
-2,665
Net Movement of Funds in the Period
0.00
0.00
0.00
-2,665

There are no recognised gains or losses other than the profit or loss for the above financial year. All activities relate to continuing operations

Page 6

LifehubNI Ltd

Balance Sheet As at 31/12/23

Notes 2023
2022
£
£		 2023
2022
£
£
Fixed Assets
Tangible Assets
6
0.00 0
Current Assets
Debtors
Cash at bank and in hand
0.00
38,868.13
38,868.13		 0
19,158
19,158
Creditors: amounts falling due
within one year
1,775.00 975
Net Current Assets 37,093.13 18,183
Total Assets less current liabilities 37,093.13 975
Creditors: amounts falling due
after more than one year
Deferred income
Grant capitalised
Net Assets
21,574.93
0.00
15,518.20		 0
0
18,183
Capital and Reserves
Reserve Fund
Proft and Loss Account
Total Funds
18,183.20
-2,665.00
15,518.20		 20,848
-2,665
18,183
The directors' statements are shown on the
following page which forms part of this Balance Sheet

The directors' statements are shown on the following page which forms part of this Balance Sheet

Page 7

LifehubNI Ltd

Balance sheet (continued)

Directors' statements for the year ended 31/12/23

In approving these financial statements as directors of the charity we hereby confirm:

For the year ending 31/12/23 the company was entitled to exemption from audit under Article 257A(3) of the Companies (Northern Ireland) Order 1986 ; and

No members have required the company to obtain an audit of its accounts for the year in question in accordance with Article 257B(2)

Director's responsibilities;

•The members have not required the company to obtain an audit of its accounts for the year in question,

•The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved b the Board on 20/9/2024 and signed on its behalf by

Signature ……… Peter Shaw. ....................... Name Peter Shaw

Page 8

LifehubNI Ltd

Notes to the financial statements For the year ended 31/12/23

1. Accounting Policies

1.1 Accounting convention

The financial statements are prepared under the historical cost convention and follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice' issued in October 2000

The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity

1.2 Incoming resources

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

1.3 Resources Expended

Resources expended are recognised in the year in which they are incurred.

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

1.4 Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery 25% straight line Fixtures, fittings and equipment 25% straight line Motor vehicles 25% straight line

Page 9

Notes to the financial statements For the year ended 31/12/23

LifehubNI Ltd

1.5 Pensions

The company operates a pension scheme in accordance with pension regulations.

2. Grant Income
2023 2022
£
Grants 44,616 10,000
3. Operating gain/(defcit)
2023 2022
Operating gain is stated after charging: £
Depreciation and other amounts written of 0 0

Accountants remuneration		 800 500
4. Employees
2023 2022
Number of employees
The average monthly number of employees
(excluding the Directors) during the year were: 1 1
Employment costs
2023 2022
£
Wages and salaries 17,497 17,325
Social security costs 1,726 3,980
Other pension costs 1,519 1,601
20,742 22,906

Page 10

LifehubNI Ltd

Notes to the financial statements For the year ended 31/12/23

5. Pension Costs

The company does have any pension liabilities.

6. Tangible Fixed Assets Fixtures,
Plant and **fttings and ** Motor
machinery equipment vehicles Total
£ £ £ £
Cost
At 1 January 2023 0 0 0 0
Additions - 0 0 0
At 31 December 2023 0 0 0 0
Depreciation
At 1 January 2023 0 0 0 0
Charge for the year 0 0 0 0
At 31 December 2023 0 0 0 0
Net book values
At 31 December 2023 0 0 0 0
At 31 December 2022 0 0 0 0
7. Debtors 2023 2022
£
Trade Debtors 0 0
Other Debtors 0 0
Prepayments and accrued income 0 0
0 0
8. Creditors: amounts falling due within one year 2023 2021
£
Trade creditors 0 0
Other Creditors 1,775 1,245
Other taxes and social security costs 0 0
Accruals and deferred income 0 0
1,775 1,245

Page 11