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|
1
## 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|
2
## 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:
- 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.
3
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.
6
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|
||||
## **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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