Charity registratlon number 801815
THE SAFE START FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE SAFE START FOUNDATION
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
S Mccormack (Chairman)
P Patton
T Beisty
A Rogers
S McGarry
Chief Executlve
M Singadia
Treasurer
J Murphy
Charity number
801815
Principal address
10-12 St Johns Road
WeTnbley
HA9 7JD
Telephone No. 020 8900 0001
Fax No. 020 8903 7140
Website.. www.safestart.org.uk
Indopendent examiner
Goldblatts
4th Floor
4 Tabernacle Street
London
EC2A 4LU

THE SAFE START FOUNDATION
CONTENTS
Page
TNstees' report
Independent examinerfs report
Statèrnent of financial activities
Balance sheet
Notss to the financial statèmgnts
9-20

THE SAFE START FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and cornply with the charitys [governing documentl. the Charities Act 2011 and "Accounting
and Reporting by Charities: Statement of Recommended Practi￿ applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)" (effective 1 January 2019).
Objectives and activities
The charity's objects are to relieve poverty. sickness, hardship and distress amongst young single people living in
London by providing asSiStsn￿ in housing, employment, care and support. The main purpose of thg charity is to
enable vulnerable and disadvantaged young people to move from dependence to independonce by providing
ac￿5$ to accomm¢Jdation, omployrnent and personal development with appropriate advice, information and
support.
The charity also providas support services to vulnerable isolated elderly people. In particular, the charity aims to
allieviate S(￿la1 isolation for Irish Elders by providing weekly social and cumural activities.
To achiéve these obiects, the charity operates a number of projects in the London Boroughs.
The policies adopted in furtherance of thesa objects are set out in thè attached notes to the aCc￿nts and there has
been no change in these during the year.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
We have referred to the guidance contain￿1 in the Charities Commission's general guidance on Public Benefit when
reviewing our aims and objectives and in planning future activities. In particular. the Trustees consider how planned
activities will contribute to the aims and objectives they have set.
Activities
The Safe Start Foundation provides the following key serVi￿s:.
Housing Advi
- Wembley Irish Community Centre
Elders clubs in Edgware and Ruislip
- Care Leaving Servioes

THE SAFE START FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Wembley Irish Community Centre
An Irish community centre based in Wembley in the London Borough of Brent. However, it also operates in the
London Boroughs of Barnet and HillingdDn. Clients receive confidential support, advice and guidance as well as
valuable information to Housing Associations and Private Landlords.
(a) Irish Community servI￿s
This embraces the Irish Community and addressing local issues and national concems with a parbcular focus on
Housing. Employment and Eldetly Services. Our members in Wembley. Cricklewaod, Edgware and Hillingdon rely
on the team for guidance on benefits. housing and health issues. To meet these needs. our services include..
Irish Set Dancing alleviates social isolation and connects individuals to their cultural roots whilst acting as a great
way to keep fit.
Line Dancing alleviates social isolation and promotes physi￿al fitness
Relaxation & Positive Thinking Class alleviates social isolation and promotes both mental and physical well being
Aerobic Keep Fit alleviates social isolation and promotes physical fitness
IT for the Elderly encourages independent living amongst the Elderly. This includes shopping on-line for gr0￿rieS.
It also alleviates isolation by allowing participants (pgrbcularly emigrants) to keep in touch with overseas relatives
via email.
Live Music and Dancing alleviates social isolation and promotes physical fitness
Yoga alleviates social isolation and promotes mental and physical well being
Lunch with Friends alleviates social isolation and promotes healthy eating
Bingo alleviates social isolation
Day Trips alloviate social isolation and enable those that would otherwise be unable to leave their local area, to
visit places whilst feeling safe and secure.
Irish Language Class alleviates so¢ial isolation and connects indtviduals to their cultural roots.
(b) Safe Start Employment Services
This aims to reduce unemployment by matching job seekers to employers and offering a programme of
training, advice and support throughout the entire Job Search prO￿$s, and beyond. We work with individuals
to understsnd their job history, barriers to success and aims and objectives. Individuals are supported every
step of the way, from creating a great CV, to developing job soarching skills, and perfecting interview
technique. We can provide assistsnce in the following areas..
Employer liaison to forge routes to employment for the Unemployed.
Individual Assessments to establish Client needs and barriers to employment.
One to one support and group training around Job Searching (i.e.- InteNiew technique. Application Forms etc.)
increases independent job searching.
Professional and targeted CV production increases Clients, employability.
Benefit advice and support help assess salary requirements and illustrate potential for improvement in
standard of living and take up of full entitlement.
Career Plans illustrate opportunities for progression and improvement in standard of living.
Care Leaving Service
This provides outreach services to young people with support needs, enabling a smooth transition from the Care
System to independence. Safe Start offers support around everyday issues like cooking. cleaning, budgeting.
education. etnployment and maintaining their tenancy. we worf( closely with drug and alcohol groups. youth
offending teams and health care advisors to offer our clients the best support possible.
Achlevements and performance
Significant activities and achievements against objectives
The majority of the performance targets set in the Charity's business and seNice plans were met.
During the year. the charity assisted over 116 {2023.' 105) people who were supported on a regular basis. This
resulted in over 2.485 (2023.. 2,260) client contacts during the year.

THE SAFE START FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Details of our income and expenditure are set out in the Statement of Financial Activitiès {SOFA). The total incoming
reSoUr￿S for the year amounted to £76,11812023: £67.209). With total costs of £204,631 12023: £188,728), this
resulted in a net deficit for the year of £128,51312023- £121,519).
Net outgoing resour￿5 of £138,199) (2023.. deficit £22.6221 were incurred on reslricted prcjects - see Note 16.
The Charity continues to maintain a sound financial base.
Reserves policy
The Trustees have established a policy whereby the unrestricted funds not committed or invested in fixed assets
Ilhe free reserves,) held by the Charity should be behveen three and six months of Ihe resources eypended, which
urrently equates to between £51,158 (2023- £47.182} to £102,316 (2023.. £94,364) general funds. At this level, the
Trustees feel that they would be able to continue the current activities of the Charity in the event of a significant drop
in funding, while consideration is given to ways in which additional funds may be raised. This level of reserves has
been maintained throughout the year. It would obviously be necessary to consider how the funding would be
rePla￿d or activities changed. At present the free reserves, which amount to £57,78612023: £56,299), are within
the three to six month target range.
Although the Charivs level of free reserves 15 in excess of its target levels, the Trustees are currently in the prO￿sS
of identifying new premises to relocate to in 2025, and this will deplete the level of reserves substanlially.
Prinapal funding sources
Koy sour￿5 of funding are The Irish Government Department of Foreign Affairs and Trade,- Emigrant Support
Programme (ESPI. We also receive income via contract services to social seNlces departments providing support
to young care leavers. Special one-off grants are also received from Trusts for new projects.
The Board of Trustees are currently taking steps to identify altemative funding sources and new projects and a new
fundraising strategy is being explored for 2024125126 and going forward.
Investment policy
The Trustees have discretion as to the manner in which funds are invested. The Trustees hav6 considered the most
appropriate policy for investing funds and has found that, given the level of funds over the course of the year. funds
would be best hold on short term deposits. The Trustees consider the average return on these deposit accounts
during the year of 3% to bè satisfactory given the prevailing interest rates in the period under review.
Major risks
The Management Committee has conducted a review of the major risks to which the charity is exposed. in particular
those related to the operation and finances of the Charity. and are satisfied that systems are in place to mitigate its
exposure to the rnajor risks. A risk register has been established and is updated at least annually. Where
appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant
extemal risks to funding have led to the development of a strategic plan which will allow for the diversification of
funding and activities. Internal control risks are minimised by the implementation of procedLJres for authorisation of
all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff,
volunteers, clients and visitors to the premises operated by the Charity-
Intemal risks are minimised by the implementstion of prO￿dureS for authorisation of all transactions and prajects
and to ensure consistent quality of delivery for all operational aspects of the Charity. These prOC￿lureS are
periodically reviewed to ensure that they still Meet the needs of the Charity.

THE SAFE START FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans tor futura periods
Tha Charity wlshe5 to 8nsure it can s8nilo its cllents, needs and in thls rog8rd may acqulre and develop further
properties. This will be done froffl its own resources or In partnership with ils partner agenaes and Ioc81 aulhorities.
Curr8nly, th8 Charity is undergoing a strategic revlew of its seNlces and objectlves lo address the Cu￿ant economlc
environment. The Charity b81ieves that thore is likely io be an ongoing need for the resourGes of the charity for the
foreseeable futur6. The Trustees are of the opinlon that homelessness and unemployment amongst young people
and social isolalion for the elderfy, wlll stlll contlnue to be key issues for the foreseéable future.
Having sold its W￿bleY Centre. the Charity is seeking more suttabl8 premises for its work with the eldetly
community.
Finally. and very importantly. the Trustees wlsh to acknowledge th8 d8dScated work of 1ho staff tearn and all the
above organisations that have played their own vilal 8nd 8UPPOrtiv8 rol& In h61ping the foundation o)ntinue to
provide a Safe Start to our hon￿leSS 8ndlor unemployed young peopla. Thore is still muth to do and the Trustees
are confident that Safe Start will meet the challenges ahead.
Stru¢ture. governance and management
The charty Is an unlncoTporated 8ntiiy and was 8Stablished by a charftsble twst deed on 6 June 1989.
The charity Is a member of Irish In Britain. a nationd membership body for Irish community organlsations In Briiain.
The twstees wh) servod during the year and up to the dale of slgnature of the financial 8tatsments were:
S Mccormack (Chaim18n)
P Patton
T Beisty
A Rogers
S McGarry
Recrultment and appointrnent of tnjstees
The Trustees focus their attention on strategic issues and delegate operatlonal declsions to the Chlef Executlve.
However. they monitor operational perfomart￿ through regular reporting. The appointment and review of senior
staff is carried out by the Chief Executive. The CharSty employs 3 {2022: 3) full and part-tim8 Staff led by a
management team of two: The Chief Execullve and the Support Services Manager.
Relatlonshlp wlth relatedpartles
The charlty18 an unlncorporated entlty and dotsils of telated partles are gtven in the notes to Ihe ac￿unts.
On tehaifof the board of trustees
e4
S Mccormack (Chaimian)
Chalrman
Date: .

THE SAFE START FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE SAFE START FOUNDATION
I report to the twstees on my examination of the financial statements of The Safe Stsrt Foundation (the charity) for
the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the prepardtion of the financial ststements in accordan￿ with
the requirements of the Charities Act 2011 {the 2011 Act).
I report in respect of my examination of the charitls financial statements carried out under section 145 of the 2011
Act. In ￿rying OLrt tny examination I have followed all the applicable Directions given by the Charity Commission
under section 14515)(b) of the 2011 Act.
Independent examinerfs statement
Your attention is drawn to the fact that the charity has prepared financial staternents in accorda[￿e with Accounting
and Reporting by Charities preparing their accounts in accordanLE With the Financial Reporting Stsndard applicable
in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities= Statement
of Recommended Practice issued on 1 Aptil 2005 which is referred to in the extant regulatsons but has now been
withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view in accordance
with GeneralIyA￿ePted Accounting Practice effectiv8 for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
the financial statements do not accord with those records: or
the financial statements do not comply with the applicable requirements concéming the fomi and content of
accounts sat out in the Charities (Accounts and Raports) Regulations 2008 other than any requirement that the
accounts give a true and fair view whith is not a matter considered as part of an independent examination.
I have no COn￿rnS and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Goldblatts
4th Floor
4 Tabemacle Street
London
EC2A 4LU
Dated: 27 January 2025

cvj

THE SAFE START FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Not••
1.789
e 888ets
13
14
4,169
1,212,888
2,185
1,341,522
Cash al ènd In h•nd
1,216,857
IW,707
{9.275)
16
(10,840)
12CA,017
1,334A32
1,207.788
1,336299
57.786
I,150,￿)
18
1280.C
1,207,786
1,336299
Tho firwKial •laknwts wore approved by th8 In18tee8 on ... . . . .

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
Charity information
The Safe Start Foundation is a an unincorporated entity..
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Igoverning document]. the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ("FRS 102") and the Charities SORP "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 IFRS 102)" {effective 1 January 2019). The
charily is a Public Benefit Entity as defined by FRS 102.
The tharity has taken advantage of the provisions in the SORP for charitios not to prepare a Stalement of
Cash Flows.
The financial statements are prepared in sterling. which is the functional currency of the charity. Mon8tary
amounts in these financial slatemonts are rounded to the nearest £.
The financial statgments have been prepared under the historical cost convention. The principal accounting
FX)li¢ies adopted are set out below.
1.2 Going concern
These financial statements have been prepared on a going concem basis which assumes that the charity will
continue in operational existence for the foreseeable future. The validity of this assumption Is del￿ndent upon
the continued support frorn its principal source of income as well as the Truslees SLJccessfully securing
additional SoU￿eS of funding..
The Trustees acknowledge that funding is becoming increasingly more difficult to secure in an ever
decreasing funding market place. Despite actively seeking out and considering a number of opportunities, the
charity has not secured sufficient funding to prevent it incurring a deficit in the year under review. The Tmsteés
have considered the period ahead and are also forecasting that a deficit will be incurred over the next 12
months, unless additional funding is secured. Funding has been secured from the Irish Government of
Foreign Affairs and Trade: Emigrant Support Programma {ESP) for 2024125, to allow the charity to cortinue to
run ils Irish Elderly Project.
Noiwithstanding Ihe above, the charity still has a healthy asset base at the year end and has significant cash
balances and other net current assets in tts balan￿ sheet that will enable it to meet its day to day
commitments in the foreseeable future and fund any deficits within at least the next 12 months.
As a consequence, the Trustees believe that the charity is well placed to manage its business risks
successfully despite the current uncertain economic outlook, and funding position.
In view of the above, and at the time of approving the financial statements, the Trustees have a reasonable
expectation that the charity has adequate resources to continue in operational existence for the foreseeable
future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial
statements.
If the charity were unable to operate, adjustments would have to be made to reduce the value of the assets to
their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed ass8ts as
urrent assets.

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
(Continued)
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the accounts.
Intra-fund transfers belween unrestricted and restricted funds are at the discretion of the Trustees.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Inmme is recognised when the chartty is legally entitled to il after any performance condttions have been met.
the arnounts can be measured reliably. and it is probable that income will be received.
Cash donations are reGognised on receipt. other donations are recognised onGe the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending di8tribution,
the amount is known, end re￿Ipt is expected. If the amount is not known, the legacy is treated as a
ntingent asset.
1.5 Expenditure
Expenditure is recognised Dn an accruals basis as a liabilty is incurred. Expènditure includes VAT which
cannot be fully rocavered, and is reported as part of the expenditure to which it relates.
Costs of genérating funds comprise costs associated with attracting voluntsry incorne and the costs of trading
for fundraising purposes.
Charitsble expenditure comprises those costs incurred by the Charity in the delivery of its activities and
services for its beneficiaries. It includes both the costs that can be allocated directly to such aclivities and
those costs of an indirect nature necessary to support IheTll.
Govemance costs include those costs associated with tneeting the constitutional and statutory requirements
of the Charity and include the audit fees and costs linked to the strategic management ofthe Charity-
Overhead and support costs have been allocated as a direct cost or apportioned on an appropriate basis
between Ihe Charitable Activities, Costs of Generating Funds and Governance Costs. Once allocation andlor
apportionment of overhead and support costs has been made between Charitable Activities, Costs of
Generating Funds and Governance Costs, the cost attributable to Charitable Activities is apportioned across
those activities in proportion to total spend.
10-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
{Contlnued)
1.6 Tangible flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Tangible fixed assets are ststed at cost less depreciation. The costs of rninor additions or those costing below
£1,000 are nol capitalised. Depreciation is provided at rates calculated to wrile off the cost less estimated
residual value of each asset over its expected useful life, as follows-
Fixtures, fittings & equipment
Motor vehicles
15% on a reducing balan￿ basis
25% on a reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the differonce between the sale proceeds
and the carrying value of the asset, and is recognised in net incomel{expenditurol for the year.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current 5iabilities.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instrurn8nts' and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the inslrum8nt.
Financial assets and liabilities are offset. with the not amounts presented in the financi81 statements. when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the pèriod in which the employee's services are
re￿ived.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to termlnate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to dafined contribution rotirement benefit schemes are charged as an expense as they fall duo.
1.11 Government grants
UK Governrnent grants are recognised at the fair value of the asset received or r8c8ivable whèn there is
reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are
met. Where a grant does not specify perfomiance conditions it is recognised in income when the proceeds
are received or rGceivable. A grant received before the recognition critarla are satisfied is rgcognised as a
liability.
The Irish Governrnent ESP grant Is recognised in the year of receipt. Any net underspends in the y￿r are
arried fomard and accounted for as deferred income for the next ESP accounting period.
11

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critlcal accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The ostimates and associated assumptions are based on historical experience and olher factors that
are considered to be relevant. Actual results may differ from these estimates.
The estitnates and underlyin9 assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects both current and fvture
periods.
Income from donations and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Membership fees
14,128
7,667
Income from charitable activitles
ESP Grant ESP Grant
2024
2023
Perfomiance relaled grants
59,325
58,683
Analysis by fund
Restricted funds
59,325
58,683
59,325
58,683
Restricted funds comprises funding received from the Irish Government Department of Foreign Affairs and
Trdde: Emigrant Support Programme - see Note 16.
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
2,663
859
12-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Other income
13-

¢0

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activities
2024
2023
Governance costs
97,706
97,279
Analysed between:
Support and care
Residential management
Employment and training
83,050
68,095
14,592
14,592
14,656
97,706
97,279
Net movement in funds
2024
2023
The net movement in funds is stated after chargingllcrediting):
Depreciation of owned tangible fixed assets
332
355
10 Trustees
None of the trustees lor any persons connected with thern) received any remuneration during the yew, but
there were travelling costs paid directly to third parties amounting to £0 (2023- £0) in respect of five trustees lo
facilitate attendance at Board me8ting5.
11 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
137,800
10,196
996
128,069
10.286
1.071
148,992
139.426
The amount recognised in the statement of financial activities as an 9XPgnse for defined contribution plans
amounted to £99612023: £1,071). Of this amount £012023.. £0) was alloGatgd against restriGted funds.
15-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11
Employees
{Continued)
The number of employees whose annual remuneration was more than £60,000
is as follows-
2Q24
Number
2023
Number
£80,001- £89,999
12 Taxation
The Safe Start Foundation is a registered Charity and is not liable to taxation on the surplus arising from its
charitable activities.
13 Tangible fixed assets
Flxture5,
flttlngs &
equlpmgnt
Motor
vehlcles
Totsl
Cost
Al 1 April 2023
Additions
3,160
234
31,160
34,320
234
At 31 March 2024
3,394
31,160
34,554
Depreclation and impalrmont
At 1 April 2023
Depreciation charged in the year
1,457
291
30.996
41
32.453
332
At 31 March 2024
1,748
31,037
32,785
Carrying amount
At 31 March 2024
1,646
123
1.769
At 31 March 2023
1,703
164
1,867
All of the fixed assets were held for continuing use in the provision of the Charity's direct charitable aclivities
14 Debtors
2Q24
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
2,007
2,162
2,007
178
4,169
2.185
16-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Creditors: amounts falling due within one year
2024
2023
other tsxation and social security
Trade creditors
Accnjals and deferred incom8
40
7,006
3,794
40
5,441
3,794
10,840
9,275
17-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Government grants
Irish Govemment- Department of Foreign Affairs and Trade,. Emigrant Support Programme (ESP)
During the year ended 31 March 2024. the charity was awarded a gross grant of £59.325 from the
Department of Foreign Affairs and Trade: Emigrant Support Programme. The term of the grant was fDr the
period 1 July 2023 to 30 June 2024. The grant was for ￿0 members of staff involved in Ihe following activities:
- £59,325 contribution towards the running costs of the Safe Start Irish Elderly Project.
17 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
996
1,071
The charity operates a d8fined Gonlribution pension scheme for all qualifying employees. The assets of thg
scheme are held separately from those of the charity in an independently administered fund. The Gompany
ontributes a specified percentage of payroll wsts to the retirement benefit scheme to fund the benefits. The
only obligation of the company with respect to the scheme is to make the specified contributions.
18 Unrestricted funds - De81gnat8d fund
These are unrastricted funds which ar8 material to the charivs activlties.
At 1 April
2023
Transfers At 31 March
2024
Designated funds
1,280,000
1130,0001
1,150,000
Previous year:
At 1 Aprll
2022
Transfers At 31 March
2023
Designated fijnds
1,410,000
(130,000)
1,280,IJOO
18-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
Incoming
resources
Resource5
expended
Transfers At 31 March
2024
New premises fund
Welfare fund
Emergency fund
General funds
1,060.000
20.000
200.000
(1,223.701)
{130,000)
930,000
20,000
200,000
11,092,214)
16,793
(107,1071
221,801
56,299
16,793
1107,1071
91,801
57.786
Previous year:
At 1 Aprll
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
New premises fund
Welfare fund
Emergency fund
General funds
1,190,000
20,000
200,000
11,362,182)
1130,000>
1.060,000
20.000
200,000
(1,223,701)
8,526
(107,4231
237,378
47,818
8,526
107,423
107,378
56,299
New premises fund
The Trustees have designated fvnds to cover thé cost of new premises and reflects the approximate
anticipated cost of similar premises to that sold in 2020.
Welfare fund
The Trustees have designated funds to cover the rents of individuals currently involved with the project, who
may fall on hard times and be unable to pay their weekly rent to the charity-
Etnergency fund
The Trustees have designated funds to hold as an emergency contingency. This fund is maintained at a level
which is in excess of twelve months. expenditure.
19-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Analysls of net assets between funds
Unrestricted Unrestricted
funds
funds
general Designated
fund
2024
Total
2024
2024
At 31 March 2024:
Tangible assets
Current assetsl{liabilities)
1,769
56,017
1.769
1,206.017
1,150.000
57,786
1,150,000
1.207,786
Unrestricted Unrestricted
funds
funds
general Deslgnated
fund
2023
Total
2023
2023
At 31 March 2023:
Tangible assets
Current assetsl(liabilities)
1,867
54,432
1,867
1,334,432
1,280,000
56,299
1,280,000
1,336,299
21 Related party transactions
Transactlons with related parties
During the year the charity entered into the following transactions with related parties..
During the year, in accordance with the Trust Deed. the charity was charged accountancy, consultancy and
trKJokkeeping fees amounting to £4,680 (2023= £3,780) by Goldblatts Limited, a company in which the
treasurer J Murphy is a director and has an interest. At 31st March 2024, £4,680 12023: £4,680) was
outstanding and included in trade creditors.
-20-