Registered charity 1198679
EI SMART C.I.O.
TRUSTEES’ REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
EI SMART
Financial Statements Year ended 31 MARCH 2024
| Contents | |
|---|---|
| Page | |
| Charity reference and administrative details | 2 |
| Trustees’ Annual Report | 3 |
| Independent Examiner’s report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes of the financial statements | 8-9 |
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EI SMART
Charity Reference and Administrative Details Year ended 31 MARCH 2024
| Charity registration number | 1198679 |
|---|---|
| Trustees | Ross Cattell (Chair) |
| Dr Topun Austin | |
| Anna Warner-McLoughlin | |
| Management team | Dr Betty Hutchon (Co-chair) |
| Dr Jane Moffat (Co-chair) | |
| Dr Sibylle Erdmann (co-production) | |
| Dr Sally Jary (research) | |
| Laurence Galland (education) | |
| Registered Office | 50 The Mall |
| London, N14 6LN | |
| Website | eismart.co.uk |
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EI SMART
Trustees’ Report Year ended 31 MARCH 2024
The Trustees present their report and the unaudited financial statements of the charity for the year ending 31 March 2024. 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)
-
Dr Topun Austin
-
Anna Warner-McLoughlin
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.
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Flnanclal Revlew The charity had resee$ of £31,420 as of 31 March 2024. As the charity has very limited operating costs the trustees are confident that this is adequate to support planned actiwties for the coming year. Structure, governaKe and management Ei SMART was registered with the Charity Commission on 21 Aprll 2022 under registered number 1198679. It is a Charitable Incorporated Organisation ICIOI and is governed by its constitution. The charity 15 governed by a Board of Trustees which acts in an honorary capacity. The Trustees administer the charty through the co-chairs of the charity management team. Thls team of five is supported by a lar8er foundation team and an expert panel who are consulted periodically. The Trustees are appointed through the charitvs Board recruitment procedure. The charity seeks vacancies based on experience. The charity ha5 no employees. All team members provide their time voluntsrlly. Volunteers may recelve compensation for thwr time and expenses in supportln8 training activities. Achlevements and perfomunce The charlty contlnues to provlde education and resources for families and medlcal professionals. These indude a monthly newsletter to over 1.200 readers, arKI the prov6slon of resources to help famllies and healthcare professiona15 through our websfte. During the past year IAprS123- March 241 the charty has continued to prode a serles of online stuo days open to all. We have also delivered online training in early intervention to a group of Vietnamese neonatologlsts who wanted to use the Ei SMART framework In their new early intervention service. We also completed and submitted for publication an evaluation of Ei SMART training and have wrltten a new rese4rch proposal to evaluate the outcomes from our Ei SMART baby course. A major 5ucces5 in the last year was blddlng and recwving nearly £20,000 from the Natlonal Lottery whlch is to be spent on making wdeo resources for parents as they prepare to leave neonatsl Intenslve care with their baby and turn their focus to development. We contlnue to present nationally and internationally Indudlng Brazil, Australia and New Zealand. Relationships and netsvorks have also been bullt wlth other charltable bodles In the sertor. On behalf of the Board of Trustees Ross Cattell, Chair Date: I,-Iv4
EI SMART Independent Examinerfs report Year ended 31 March 2024 Responslbllltles and basls of report I report to the trustees on my examination of the accounts of the above charity 1.the Trust.) for the year ended 31 March 2024. As the charity's trustee5& you are responsible for the preparation of the accounts in accordance wlth the requirements of the Charities Act 20111.the Arfl. I report in respect of my examination of the Trusys accounts carried out under sectlon 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Dirertions given by the Charity Commlsslon under sertion 14515llbl of the Act. Independent Qxamlnerfs ststement I have completed my examination. I confirm that no material matters have corne to my attentlon In onnertion with the examination which gi me cause to believe that in, any material respect.. the accountin8 records were not kept in accordance wlth section 130 of the Charitles Act,. or the accounts did not accord with the accounting record5,' or the accounts dSd not comply wfth the appllcable requlrements concernlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 8l¥e a ftrue and falrf tthew whlch Is not a matter consldered as part of an independent examination. I have no concerns and have come across no other matters in connettion wlth the examlnatlon to whlch attention should be drawn in this report in order to enable a proper understsndin8 of the accounts to be reached. Mrs Sharon Bessell ACMA 8 High Street Whaddon MK17 ONA
EI SMART
Statement of Financial Activities (including summary income and expenditure account) For the year ended 31 March 2024
| 2024 Unrestricted Restricted Funds Funds Note £ £ Income and endowments from: Donations and legacies 3 105 19,908 Charitable activities 4 15,499 - Total Income 15,604 19,908 Expenditure on: Charitable activities 5 13,661 - Net movement in funds 1,943 19,908 Reconciliation of funds: Funds transferred on registration 7 Funds brought forward 9,569 - Total funds carried forward 11,512 19,908 |
Total £ 20,013 15,499 35,512 13,661 21,851 - 9,569 31,420 |
2023 Total £ 414 16,625 |
2023 Total £ 414 16,625 |
|---|---|---|---|
| 17,039 12,472 |
|||
| 4,566 5,003 - |
|||
| 9,569 |
All income and expenditure is derived from continuing activities The notes on pages 8 to 9 form part of these financial statements.
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EI SMART Balance Sheet 31 MARCH 2024 Note 2024 2023 Current aSsetS Cash at bank and In hand 32.071 10,129 Crndltorn: amtyjnts falli due wfthin oneye•r 651 560 Net current assets 420 569 Total asset5 less current Ilabiifties 420 Net •sseti Ch•th Fund$ Unrestrlcted funds The ¢h•rlty entitled to exemption from •udit under the Charity Commission rules for small charities. The notes on pale5 8 to 9 form part of these flnand•l statements. Signed on behalf of the aoard of Trustees Ross Cattell, Chair Charlty re8htrntlon number.. 1198679
Year ended 31 March 2024
EI SMART
Notes to the accounts
1 Basis of preparation
The accounts have 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 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 from donations and legacies
| Individuals National Lottery |
2024 £ 105 19,908 20,013 |
2023 £ 404 - |
|---|---|---|
| 404 |
In March 2024 Ei SMART received a grant from the National Lottery Community fund of £19,908 to fund the production of videos for parents taking their children home. All other income is unrestricted.
4. Income from charitable activities
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Training | 15,499 | 16,625 |
All income from providing training is unrestricted.
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EI SMART
Notes to the accounts
Year ended 31 March 2024
5. Expenditure
| Training costs Website and publicity Conferences Bank charges Other costs |
2024 £ 7,200 1,288 5,096 35 41 13,661 |
2023 £ 8,268 4,115 89 - 89 |
|---|---|---|
| 12,472 |
All expenditure relates to charitable activities. The charity has no employees.
6. Cash at bank and in hand
| Restricted funds Unrestricted funds 7. Creditors Other creditors All creditors related to unrestricted costs. |
2024 £ 19,908 12,109 32,071 2024 £ 651 |
2023 £ - 10,019 |
|---|---|---|
10,019 |
||
2023 £ 560 |
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8. 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.
The National Lottery grant was only received at the end of the year and therefore there has been no expenditure relating to this restricted fund during the year.
9. 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.
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