Registered charity 1198679
EI SMART C.I.O.
TRUSTEES’ REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023
EI SMART
Charity Reference and Administrative Details Year ended 31 MARCH 2023
Charity registration number 1198679 Trustees Ross Cattell (Chair) Dr Topun Austin Anna Warner-McLoughlin Registered Office 50 The Mall London, N14 6LN Website eismart.co.uk
EI SMART
Trustees’ Report Year ended 31 MARCH 2023
The Trustees present their first report and the unaudited financial statements of the charity for the period from incorporation on 21 April 2022 31 March 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) “The Financial Reporting Standard applicable in the UK and Republic of Ireland” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Trustees of the charity
The Trustees who have served during the period and since the period end were as follows:
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Ross Cattell (Chair, appointed 21 April 2022)
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Dr Topun Austin (appointed 21 September 2022)
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Anna Warner-McLoughlin (appointed 21 April 2022)
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Jane Moffat (appointed 21 April 2022, resigned 21 September 2022)
Objectives and activities
The objectives of the charity are to preserve and protect the physical and mental health of babies at risk of developmental challenges by supporting research into their care and treatment and by working collaboratively with parents and healthcare professionals providing resources, advice, and training.
Public benefit statement
In meeting objectives and formulating future plans the Trustees have considered the Charity Commission's guidance on public benefit. The charity continues to preserve and protect the physical and mental health of babies at risk of developmental challenges by supporting research into their care and treatment and by working collaboratively with parents and healthcare professionals providing resources, advice, and training.
HDand•l Revlew The charlty had reserves of £9,569 as of 31 March 2023. As the charbty has very limited openting costs the trurtees are confident that this Is adequate to 5UPPOrt planned actfvltles for the coming year. strn¢tur govemance and mana8ement EI SMART was re8lstered wlth the Charity Commtssion 21 Aprll 2022 under reglstered number 1198679. It is a Charitable Incorporated Or8anlsation ICIOI and is governed by its conStutk4n. On 21 April 2022 all the assets and Ilabilitie5 of Ei SMART CIC. reglstered comparry 11894310 (England and Wales) were transferred to Ei SMART CIO when the dlrectors of the communlty interest company ICIC) converted to the charity. The charfty is govemed by a Board ofTrustees whlch acts in an honorary capatity. The Twstee5 administer the chartty through the co-chairs of the charfty manaBement team. Thls team irf ftve is 5UPPOrted by a larger foundètlon team and an expert panèl who are consulted periodl¢ally. The Trustees a appointed through the charitvs Board recfultment prdure. The chaiity seeks vacancies based on experience. The charfty has no employees. Abl team members provkle thelr tlme voluntsrily. Volunteers may recefve compensètion for theirtime and expenses In 5UPI)ortlng tralnln8 actlvStle5. The charity has contiriued the actltIeS of ESSMART CIC since Incorporntron In Aprfl 2022. These include monthly newsletterto over L(iM) readers. and the provlsion of resources to help families and healthcare professlonals throu8h a newty upgrnded webslte. Durfng the yearthe charity prnwded a series of training courses to a major NHS heafth orKanlsation as well a5 providing education thro¥Jgh study days and conferen. Charity representatives have presented natlonally and Intemationally on the El SMARTframework and on results of research. Relatlonships and networks have also been built wfth other charttable bodles In the sector. On behalf of the Board of Trustees Ross Cattell. Chalr Date:
EI SMART
Statement of Financial Activities (including summary income and expenditure account) For the period from 21 April 2022 to 31 March 2023
| Note Income and endowments from: Donations and legacies 3 Charitable activities 3 Total Income Expenditure on: Charitable activities 4 Net movement in funds Reconciliation of funds: Funds transferred on registration 6 Total funds carried forward |
2023 £ 414 16,625 17,039 12,472 4,566 5,003 9,569 |
|---|---|
All income and expenditure is unrestricted. The charity has no restricted funds.
EI SMART Balance Sheet 31 MARCH 2023 Note 2023 Cash at bank and In harwj 10,129 Cr•lltovs: affKntsl4l1i due ¢)n•y••r Netojrrentassets Totsl a$5ets ksscurrent IlablNtle5 Owrliy Funds Unrestrlctal fvnds The tharltyw45 endtted to exemptlon frorn audlt under the tharltycommlssion rulesforsmall charltles The tharrtls con$UtuOn does Th)t r•qulre the dhartty to obtsin an audkt or examlnatlon orl behaff of the Board of TfUSte•s Ross Cattell. Chair Charlty re8tstratlon number: 1198679
For the period from 21 April 2022 to 31 March 2023
EI SMART
Notes to the accounts
1 Basis of preparation
The accounts bave been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The charity qualifies as a small charity and has decided not to have the accounts audited or independently examined. It has also followed the disclosure requirements for small charities.
2. Accounting policies
2.1 Income
Grants and donations are only included in the SoFA when received.
Income for training activities is recognised when the training is provided.
2.2 Expenditure and liabilities
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
The charity has creditors which are measured at settlement amounts less any trade discounts
No material item of deferred income has been included in the accounts.
3. Income
Donations of £404 were received during the period. Income from charitable activities of £16,625 represents revenue from training provided.
All income is unrestricted.
4. Expenditure
| Training costs Website and publicity Travel |
£ 8,268 4,115 89 |
|---|---|
| 12,472 |
All expenditure relates to charitable activities. The charity has no employees
5. Creditors
Other creditors 560
6. Charity funds
Ei SMART CIC registered company 11894310 (England and Wales) converted to a registered charity on 21 April 2022 and at that time the funds of Ei SMART CIC were transferred to Ei SMART CIO.
7. Transactions with trustees and related parties
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.