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:
- examine the Accounts
- to follow the procedures laid down in the general Directions given by the Charity Commission
- to state whether particular matters have come to my attention.
## **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:
- (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
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