Charity registration number 801815 (England and Wales)
THE SAFE START FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE SAFE START FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Chief Executive
Treasurer
Charity number
Principal address
Independent examiner
S McCormack (Chairman)
P Patton
T Beisty
A Rogers
S McGarry
M Singadia
J Murphy
801815
10-12 St Johns Road
Wembley
HA9 7JD
Telephone No. 020 8900 0001
Fax No. 020 8903 7140
Website: www.safestart.org.uk
Goldblatts
4th Floor
In fernacto stret
London
EC2A 4LU

THE SAFE START FOUNDATION
CONTENTS
Trustees' report
Page
1-4
Independent examiner's report
5
Statement of financial activities
6-7
Balance sheet
8
Notes to the financial statements
9 - 18

THE SAFE START FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 (FRS 102)".
Objectives and activities
The charity's objects are to relieve poverty, sickness, hardship and distress amongst young single people living in
London by providing assistance in housing, employment, care and support. The main purpose of the charity is to
enable vulnerable and disadvantaged young people to move from dependence to independence by providing
access to accommodation, employment and personal development with appropriate advice, information and
The charity also provides support services to vulnerable isolated elderly people. In particular, the charity aims to
allieviate social isolation for Irish Elders by providing weekly social and cultural activities.
To achieve these objects, the charity operates a number of projects in the London Boroughs.
The policies adopted in furtherance of these objects are set out in the attached notes to the accounts and there has
been no change in these during the year.
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 contained 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 services:-
- Housing Advice
- Wembley Irish Community Centre
- Elders clubs in Edgware and Ruislip
- Care Leaving Services
- 1 -

THE SAFE START FOUNDATION
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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 Hillingdon. Clients receive confidential support, advice and guidance as well as
valuable information to Housing Associations and Private Landlords.
(a) Irish Community Services
This embraces the Irish Community and addressing local issues and national concerns with a particular focus on
Housing, Employment and Elderly Services. Our members in Wembley, Cricklewood, 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 physical 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 groceries.
It also alleviates isolation by allowing participants (particularly 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 alleviate 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 social isolation and connects individuals 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 process, and beyond. We work with individuals
to understand 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 searching skills, and perfecting interview
technique. We can provide assistance 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.: Interview 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, employment and maintaining their tenancy. we work closely with drug and alcohol groups, youth
offending teams and health care advisors to offer our clients the best support possible.
Achievements and performance
Significant activities and achievements against objectives
The majority of the performance targets set in the Charity's business and service plans were met.
During the year, the charity assisted over 230 (2024: 116) people who were supported on a regular basis. This
resulted in over 3,150 (2024: 2,485) client contacts during the year.
- 2-

THE SAFE START FOUNDATION
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
Details of our income and expenditure are set out in the Statement of Financial Activities (SOFA). The total incoming
resources for the year amounted to E68,957 (2024; £76,118). With total costs of £206,476 (2024; £204,631), this
resulted in a net deficit for the year of £137,519 (2024: £128,513).
Net outgoing resources of £(46,318) (2024: deficit £38, 199) were incurred on restricted projects - 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
('the free reserves') held by the Charity should be between three and six months of the resources expended, which
currently equates to between £51,619 (2024: £51,158) to £103,238 (2024: £102,316) 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
replaced or activities changed. At present the free reserves, which amount to £60,267 (2024: £57,786), are within
the three to six month target range.
Although the Charity's level of free reserves is in excess of its target levels, the Trustees are currently in the process
of identifying new premises to relocate to in 2026, and this will deplete the level of reserves substantially.
Principal funding sources
Key sources of funding are The Irish Government Department of Foreign Affairs and Trade; Emigrant Support
Programme (ESP). We also receive income via contract services to social services 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 alternative funding sources and new projects and a new
fundraising strategy is being explored for 2025/26/27 and going forward.
Investment policy
The Trustees have discretion as to the manner in which funds are invested. The Trustees have 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 held on short term deposits. The Trustees consider the average return on these deposit accounts
during the year of 1.25% to be 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 major 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
external 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 procedures 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.
Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects
and to ensure consistent quality of delivery for all operational aspects of the Charity. These procedures are
periodically reviewed to ensure that they still meet the needs of the Charity.
- 3-

THE SAFE START FOUNDATION
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
The Charity wishes to ensure it can service its clients' needs and in this regard may acquire and develop further
properties. This will be done from its own resources or in partnership with its partner agencies and local authorities.
currently, the Charity is undergoing a strategic review of its services and objectives to address the current economic
environment. The Charity believes that there is likely to be an ongoing need for the resources of the charity for th
foreseeable future. The Trustees are of the opinion that homelessness and unemployment amongst young people
and social isolation for the elderly, will still continue to be key issues for the foreseeable future.
Having sold its Wembley Centre, the Charity is seeking more suitable premises for its work with the elderly
community.
Finally, and very importantly, the Trustees wish to acknowledge the dedicated work of the staff team and all the
bove organisations that have played their own vital and supportive role in helping the foundation continue
rovide a Safe Start to our homeless and/or unemployed young people. There is still much to do and the Trustee
are confident that Safe Start will meet the challenges ahead.
Structure, governance and management
The charity is an unincorporated entity and was established by a charitable trust deed on 6 June 1989.
The charity is a member of Irish in Britain, a national membership body for Irish community organisations in Britain.
The trustees who served during the year and up to the date of signature of the financial statements were:
S McCormack (Chairman)
P Patton
A Rogers
S McGarry
The Trustees focus their attention on strategic issues and delegate operational decisions to the Chief Executive.
Relationship with related parties
The charity is an unincorporated entity and details of related parties are given in the notes to the accounts.
On behalf of the board of trustees
S McCormack (Chairman)
Chairman
Date: 20/01/216
-4-

THE SAFE START FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE SAFE START FOUNDATION
I report to the trustees on my examination of the financial statements of The Safe Start Foundation (the charity) for
the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011.
under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
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 Charities Act 2011.
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of
financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the financial statements give a true and fair view, which is not a matter considered as part of
an independent examination.
I have no concerns 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 Tabernacle Street
London
EC2A 4LU
28 January 2026
-5-

THE SAFE START FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds:
Fund balances at 1 April 2024
Fund balances at 31 March 2025
Unrestricted Unrestricted
funds
funds
general Designated
fund
2025
2025
13,298
3,657
16,957
108,156
108,156
(91,199)
93,682
2,483
(140,000)
(140,000)
57,786
60,269
1,150,000
1,010,000
- 6-
Restricted
funds
2025
52,000
52,000
98,318
98,318
(46,318)
46,318
Total Unrestricted Unrestricted Restined
funds
funds
general Designated
fund
2024
2024
2024
13,298
52,000
3,657
68,957
206,474
(137,517)
(137,517)
1,207,786
1,070,269
14,126
2,663
59,325
16,793
59,325
107,107
107,107
(90,314)
97,524
97,524
(38,199)
38,199
91,801
1,487
(130,000)
(130,000)
56,299
57,786
1,280,000
1,150,000
Total
2024
14,126
59,325
2,663
76,118
204,631
204,631
(128,513)
(128,513)
1,336,299
1,207,786

THE SAFE START FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 7_

THE SAFE START FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2025
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within
one year
Net current assets
Total assets less current liabilitles
The funds of the charity
Unrestricted funds - general
Unrestricted funds - Designated fund
Notes
13
14
2025
€
€
1,947
2024
€
1,769
15
2,120
1,076,875
1,078,995
(10,673)
4,169
1,212,688
1,216,857
(10,840)
1,068,322
1,070,269
1,206,017
1,207,786
19
60,269
1,010,000
1,070,269
57,786
1,150,000
1,207,786
The financial statements were approved by the trustees on 28 la1 26.
Abas 4' ("
S McCormack (Chairman)
Chairman
- 8-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting 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 governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
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 (FRS 102)". The charity is a Public Benefit Entity as defined by
FRS 102
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of
cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2
Going concern
These financial statements have been prepared on a going concern basis which assumes that the charity will
continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon
the continued support from its principal source of income as well as the Trustees successfully securing
additional sources of funding..
nave 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 Programme (ESP) for 2025/26, to allow the charity to continue to
run its Irish Elderly Project.
Notwithstanding the above, the charity still has a healthy asset base at the year end and has significant cast
balances and other net current assets in its balance 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 concern 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 assets as
current assets.
- 9 -

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting 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 between 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
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once 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 if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise costs associated with attracting voluntary income and the costs of trading
for fundraising purposes.
Charitable 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 activities and
those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements
of the Charity and include the audit fees and costs linked to the strategic management of the Charity.
Overhead and support costs have been allocated as a direct cost or apportioned on an appropriate basis
between the Charitable Activities, Costs of Generating Funds and Governance Costs. Once allocation and/or
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 2025
1
Accounting policies
(Continued)
1.6
Tangible fixed 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 stated at cost less depreciation. The costs of minor additions or those costing below
21,000 are not capitalised. Depreciation is provided at rates calculated to write 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 balance basis
25% on a reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in net income/(expenditure) 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-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8
Financial instruments
The charity has elected to apply the provisions of Section 11 Basic Financial Instruments' 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 instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial 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 period in which the employee's services are
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.11 Government grants
UK Government grants are recognised at the fair value of the asset received or receivable when 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 performance conditions it is recognised in income when the proceeds
are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a
The Irish Government ESP grant is recognised in the year of receipt. Any net underspends in the year are
carried forward 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 2025
2
3
Critical 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. he estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying 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 future
periods.
Income from donations and legacies
Unrestricted
funds
2025
13,298
Unrestricted
funds
2024
14,126
4
Membership fees
Income from charitable activities
ESP Grant ESP Grant
2025
€
2024
52,000
59,325
Performance related grants
Analysis by fund
Restricted funds
5
52,000
52,000
59,325
59,325
Restricted funds comprises funding received from the Irish Government Department of Foreign Affairs and
Trade; Emigrant Support Programme - see Note 16.
Income from investments
Interest receivable
Unrestricted Unrestricted
funds
funds
2025
€
2024
€
3,657
2,663
- 12-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Other income
7
8
Other income
Expenditure on charitable activities
Support andEmployment
care and training
2025
2025
Direct costs
Staff costs
Depreciation and
impairment
Other expenses
56,127
310
50,302
-
54
898
106,739
952
Share of support and governance costs (see note 8)
Governance
83,966
14,817
190,705
15,769
Analysis by fund
Unrestricted funds -
general
Restricted funds
92,387
98,318
190,705
15,769
15,769
Support costs allocated to activities
Governance costs
Analysed between:
Support and care
Employment and training
Unrestricted Unrestricted
funds
funds
2025
€
2024
€
2
Total Support andEmployment
care and training
2025
2024
2024
56,127
364
51,200
107,691
98,783
206,474
108,156
98,318
206,474
55,966
282
49,712
105,960
83,050
189,010
91,486
97,524
189,010
50
915
965
14,656
15,621
15,621
15,621
2025
98,783
83,966
14,817
98,783
4
Total
2024
55,966
332
50,627
106,925
97,706
204,631
107,107
97,524
204,631
2024
97,706
83,050
14,656
97,706
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THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
2025
2,000
364
2,000
332
10
11
Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year, but
there were travelling costs paid directly to third parties amounting to £0 (2024- £O) in respect of five trustees to
facilitate attendance at Board meetings.
Employees
The average monthly number of employees during the year was:
Employment costs
Wages and salaries
Social security costs
Other pension costs
2025
Number
3
2025
137,960
10,195
996
149,151
2024
Number
3
2024
€
137,800
10,196
996
148,992
he amount recognised in the statement of financial activities as an expense for defined contribution plan
mounted to £996 (2024: £996). Of this amount £0 (2024: £O) was allocated against restricted fund:
The number of employees whose annual remuneration was more than £60,000
is as follows:
2025
Number
1
2024
Number
1
£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.
- 14-

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Tangible fixed assets
Cost
At 1 April 2024
Additions
At 31 March 2025
Fixtures,
fittings 8
equipment
€
3,394
542
Motor
vehicles
Total
31,160
34,554
542
3,936
31,160
35,096
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
1,748
333
2,081
31,037
31
31,068
364
33,149
Carrying amount
At 31 March 2025
At 31 March 2024
1,855
1,646
92
123
1,947
1,769
All of the fixed assets were held for continuing use in the provision of the Charity's direct charitable activities
14 Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
2025
€
2024
2,009
111
2,120
2,007
2,162
4,169
15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income
2025
€
40
5,759
4,874
10,673
2024
40
7,006
3,794
10,840
- 15 -

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16
Government grants
17
Irish Government - Department of Foreign Affairs and Trade; Emigrant Support Programme (ESP)
Juring the year ended 31 March_2025, the charity was awarded a gross grant of £52,000 from th
epartment of Foreign Affairs and Trade; Emigrant Support Programme. The term of the grant was for th
period 1 July 2024 to 30 June 2025. The grant was for two members of staff involved in the following activities:
- £52,000 contribution towards the running costs of the Safe Start Irish Elderly Project.
Retirement benefit schemes
2025
2024
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
996
996
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund. The company
contributes a specified percentage of payroll costs 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 - Designated fund
These are unrestricted funds which are material to the charity's activities.
Designated funds
Previous year:
Designated funds
At 1 April
2024
€
1,150,000
At 1 April
2023
€
1,280,000
Transfers At 31 March
2025
€
€
(140,000)
1,010,000
Transfers At 31 March
2024
€
(130,000)
1,150,000
- 16 -

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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
2024
Incoming
resources
€
Resources
expended
€
Transfers At 31 March
2025
General tunds
123,900
(66,114)
57,786
16,957
16,957
(108,156)
(108,156)
93,682
93,682
123,900
(63,631)
60,269
=
Previous year:
New premises fund
Welfare fund
Emergency fund
General funds
At 1 April
2023
€
1,060,000
20,000
200,000
(1,223,701)
56,299
Incoming
resources
€
Resources
expended
€
Transfers At 31 March
2024
:
16.793
16,793
:
(107,107)
(107,107)
(130,000)
221,801
91,801
930,000
20,000
200,000
(1,092,214)
57,786
=
New premises fund
The Trustees have designated funds to cover the cost of new premises and reflects the approximate
anticipated cost of similar premises to that was 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.
Emergency 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.
- 17 -

THE SAFE START FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20
Analysis of net assets between funds
At 31 March 2025:
Tangible assets
Current assets/ (liabilities)
At 31 March 2024:
Tangible assets
Current assets/(liabilities)
Unrestricted Unrestricted
funds
funds
general
Designated
fund
2025
2025
1,947
58,322
60,269
1,010,000
1,010,000
Unrestricted Unrestricted
funds
funds
general
Designated
fund
2024
2024
1,769
56,017
57,786
1,150,000
1,150,000
Total
2025
€
1,947
1,068,322
1,070,269
Total
2024
€
1,769
1,206,017
1,207,786
21
Related party transactions
Transactions 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
bookkeeping fees amounting to £5,760 (2024: £4,680) by Goldblatts Limited, a company in which the
treasurer J Murphy is a director and has an interest. At 31st March 2025, E3,600 (2024: £4,680) was
outstanding and included in trade creditors.
- 18-