34c Society Street Coleraine County Londonderry BT52 1 LA MO0 {Nl) LLP Chartered Accountants Waterford House 32 Lodge Road Coleraine County Londonderry 8T2 1NB Dear Slrs, This repr8senlation letter is provided in connecth)n with your audit of the financial statements of Coleraine Sure Slart Partnership for the year ended 3181 March 2023 for the purpose of expressing an opinion as to whether the ffnancial stalements give a true and fair view in aCrdanCe with UK Generally Accepted Accounting Practice including FRS102 "The Financi* Reporting Standard applicable in the UK and Republic of Ireland.. By a resolution of the board, passed today. l am directed to confirm to you. in respect of the financial statements of the company for the year ended 3151 March 2023, the following:_ We have fulfilled our responsibilities under the Companies Act 2006 for preparing financial statements which give a Irue and fair view in accordanc8 Wlth UK Generally Accepted Accounting Practice including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and for making accurate representations to you. We have provided you wilh: o access to all information of which we are aware that is relevant to Ihe preparation of the financial statements such as records, documentation and other matters: o additional infomation that you have requested from us for th8 purpose of the audit; and o unrestricted access to persons within the entty from whom you determined it necessary to obtain audit evidence. All transactions have been recorded in the apxounting records and are reflected in the flnancSal statements. We acknowledge as directors our r8sponsibililies for the design and implementation of internal control in order to prevent and detect fraud and to prevent and delect error. In our opinion. the risks that the financial statements may be materially misstated as a result of fraud are low. Monthly expenditure analyses are prepared for each activity that the company engages in which are discussed and reviewed at Board meetings and compared budgets set at the beginning of Ihe financial year. All transactions are approved by the programme manager and there is considered to be adequate segregation of duties. We have disclosed to you all infomiation in relation to fraud or suspected fraud thal we are aware of and that effects the entity and involves= management employees who have signifEcant roles in internal C¢)ntrol others where the fraud could have a material effect on the financial statements.
We 8re not aware of any allegations of fraud or suspected fraud with a potential effect on the financial statements which have been communicated to us by employees. fomier employees. regulators or other third parties. We have disclosed lo you an known instances of non-compliance or suspected non-compliance with laws and regulations whose effeds shId be considered when preparing the financial statements. In our opinion the significant assumptions used by us in making accounting estimates are reasonable. 10. We have disclosed to you the identity of the company's related parties and all related paty relationships and transaction5 of which we are aware. 11. Related party relationships and transactions have been approprialely accounted for and disclosed in accordance wilh the requirements of UK Gener211y Accepted Accounting Practice. 12. In particular. no director, shadow director. their connected persons or other officers had any indebtedness, agreement conceming indebtedness or disclosable int8rest in a transaction with the company at any time during the year. 13. Th8 following have been properly recorded and. when appropriate. adequately disclosed in the financial statements: losses arislng from sale and purchase commitrnents- agreements and optlons to buy back assets prevlously sold: assets pledged as collateral. 14. We h8ve no plans or intentions that may materialty alter the carrying value or classification of assets and liabilities reflected in the financial ststements. 15. The company has satisfactory tit18 to all ass8ls and ther8 ar8 no liens or encumbrances on th8 company's assets. other than as disclosed in the financial statements. 16. We have record8d or disclosed. as appropriate, all liabilities, both actual and contingent, and all guarantee5 that we have given to third parties. 17. Should any material events occur which may necessitate revision of the figures included in the financial statements or inclusion in the notes thereto, we will advise you accordingly. 18. The company has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-¢omplian¢e. 19. Except as disclosed in Ihe fanCIal statements. the results for the year were not malerially affecÈ8d by: any change in accounting policies; transactions of a type not usually undertaken by the company: circumstances of an eXptiOnal or non-recurrent nature- or charges or credits relating to prior periods. 20. We have disclosed to you all known actual or possible lib'gation or claims whose effects should be consid8red when preparing Ihe financial statemenls and that they have been accounted for and disclosed in accordance wilh UK Generally Accepted Accounting Practice including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. 21. We have reviewed going concem considerations and are satisfied that it is appropriate for the financial statements lo have been drawn up on the going concem basis. In reaching this opinion we have taken into account all relevant matters of which we are aware and have considered a fulure period of at18ast one year from the date on which the financial stalements are to be approved. 22. We have also considered the adequacy of the disclosures in the financial statements relating to going concern and are satisfied that sufficient disclosure has been made in order lo give a true and fair view. 23. We confirm that there are no misstatements that have been identified which have not been corrected by us. 24. We acknowledge the attached schedule of adjustments and are in agreement with same.
- We agree to the net movement in fvnds of £770 as disclosed in the financial statements for the year.
- So far as each director is aware, there is no relevant audit information of which the company's auditors are unaware. and each director has taken all the steps that ought to have been taken as a director. including making appropriate enquiries of fellow directors and of the Company's auditors for that purpose, in order to be aware of any infomiation needed by the company's auditors in connection with preparing their report and to eslablish that the company's auditors are aware of that inforniation. We confirm that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience (and. where appropriate. of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the above representations to you. Yours faithfully Director Signed on behalf of the board Date: 9/10
Charlty Roglstratlon No. NIC100572 Company Registration No. N1043674 (Northern Ireland} COLERAINE SURE START PARTNERSHIP (a company Ilmlted by guarantee and not having a share capital) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YeAR ENDED 31 MARCH 2023
COLERAINE SURE START PARTNERSHIP CONTENTS Page Charity Infomiation Trustees. report ststement of trustees, SponSibl11t1eS Independenl auditorfs r8POrt Statement of financial acbvities 10 Balance sheel 11 Statement of cash flows 12 Notes to the financial statements 13-20
COLERAINE SURE START PARTNERSHIP LEGALAND ADMINISTRATIVE INFORMATION Trustees Mathilda Taulbutt Eugene McFeely Brendan Patterson Sharon Lyons Ann McNickle Geraldine Emerson Linzie King (Appointed 24 January 2023) (Appointed 18 January 2023) (Appoinled 10 November 2022) Sharon Larnont Jade Thome Charity number NIC100572 Company number N1043674 Reglstered offlce 34c Soclety Slreet Coleraine Co LondorKI8ry BT52 1LA Auditor Moore (N.I.) LLP 3t>32 Lodge Road Coleraine BT52 1N8 Bankers Ulster Bank Ltd 30 The Diamond Coleraine Co. Londonderry BT52 1DP Soll¢ltors Mccallum O'Kane 8 Blindgate Street Coleraine County Londondery BT52 1 EZ
COLERAINE SURE START PARTNERSHIP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their annual report and financial statements for the year ended 31 March 2023. 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 Memorandum and Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Rècommènded Practicè applicabl8 to chartti&s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).. Objectives and activities Thé principal activity of the company is to work with parents and children to promote the physical, intellectual and social development of pre4chool children - particulady those who are disadvantaged - lo ensure they are ready to flourish when they get to school. Coler8ine Sure Start Partnership Is one of thity eight Sure Starts operating in Northem Ireland, funded by the Department of Education. to m8et the needs of children and families in their garly years. All Sure Starts have a number of core aims, however each works in an autonomous way to respond to the local needs of the Community in which they are based. These overarching aims are: -Improve the ability to learn by encouraging stimulaling play. improving language skills and the early idèntification and support of children with learning difficulties. -Improve health by supporting parents in caring for children and promoting children's health and development. -Improve social development by supporting the development of earfy relationships between parents and children, good parenting skills, family functioning and earfy idenlifi¢ation and support of children with emotional, leaming or behavioural difficulties. Sure Start supports familiès living in the top 25% designated areas of deprivation. Coleraine Sure Start supports families anlenalally and with children up lo the age of four. in the wards of Ballysally, Cross Glebe, Central, Chlsrchland and Royal Portrush as well as the housing estates of Windy Hall and Millbum. The maln SeICe5 deliVed by Sure Start are: -Good qualty play, reaming and childcare experlences for chlldren (both group and home based) -speech languagè and communication support -Primary and community health care and advlce -support for all children in Ihe community cOgniS1n9 their different needs -Family support including befriending, social support and parenting information, both group and hom8 based -outreach and home visiting services. to make contact as early &s possible in a child's life and draw families into using other services. Al the core of Coleraine Sure Start Partnership is a collaborative approach and a number of organisations work together lo ensure that needs are met in the local community. These include CaLJseway and Mid-ulster Women's Aid, Focus on Family, Harpuls Hill Children and Family Centre, Libraries Nl. Northern Health and Social Care Trust, West Bann Development and local early years settings suth as Ballysally Nursery, Culraith Comer Nursery and Kylemore Nursery.
COLERAINE SURE START PARTNERSHIP TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Achievements and performance During 2022-23, our seNices retumad to nonnal and as alvtsys. we followèd our annual Business Plan in order to meèt thè targets There were no real concerns noted for this period by th& Northarn Childcare Partnership and Department of Education. as most of our targets were met. Where targets are unmet, there will be reasons for this eg staff sickness. Durin9 2021. we were granted additional funding under a programme of expansion increasing our Gatchment to include the Atlantic Ward and whilst this funding has been earmarked as temporary, it was secure in 2022-23 and will continue until March 2024. We continue to deliver a range of sèrvices across the age range that meet the needs of familie5 within our catchment area and within our three Sure Start aims. This includes a focus on antenatal and postnatal servlc8S such as Baby Massage, Baby Yoga, and Incredible Babies. We deliver a wide range of play sessions across Coleraine, Portrush and Portstewart, both In community venues and In families, homes. Groups to support parents include the 8reastleeding Support Group and the Women's Group. We also offer a range of family support services to parents and those affected by domeslic violence. We also offer a number of parenttng programmes such as the Family Links Parenting Programme. Solihull and Incredible Years School Readiness. For all our services we cary out a number of evaluation methods which help us measure Ihe impact of our work on parents and ¢hli dren, and this indudos verbal feedback. ¢ase studies and pre and post scoring. Financial review The resu115 for Ihe year are sel out on pag8 10. Th8 company retumed n81 income for the y8ar of £77012022 £91,544). Al 31st March 2023 thè total funds of the charity amounted to £44.890 12022 £44.1201 comprising rgslrided income fiJnd5 Of £42,127 {2022 £36,234) and unrestrlcted designated funds of £2.76312022 £7.886). Taxatlon The company is a charity (Charity No. NIC100572) and is recognised as such by HM Revenu8 8nd Customs for taxation purposes. As a result there is no liability to taxation on any of ib ino)me, Reserves policy Each year the Department of Education which provides our funding expects the organisation lo spend our full allocation of the budget. Any cash held al the end of the reporting period 15 factored in lo future fjjnding calculations. Rlsks The trustee5 are aware of their responsibiliti8s and have syst8ms and proc8dures in place in order lo managè risks to the organisation. This includes regular Board meetings at whiGh Achievements, Finanoe and Staffing are discussed and reviewed. Team and Managemenl meetings across the staff teams and ongoing liaisori with our funder. The Drganisation has policie5 and procedures in place to ensure that Governan, Operational, Finance, Extemal and Legislative risks are man8g8d. For our secior this includes arèas such as Fraud. Dala Protection, Confidenlialily. Safeguaiding and HR are delivered in line with good practice. legislation and competency. Furthemore. regular reports both operational and strategic are completed and submitted to our funders for monitoring purposes in relation to good Govemance arKI accountability of public funds. Plans for the future Coleraine Sure Start Partnership will continue to carry out seNices as detailed in our Business Plan. In the forthcoming year we plan to continua to review our governance arrangements to ensure best practice and a¢counlability.
COLERAINE SURE START PARTNERSHIP TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Structure> governance and management The charity is a company limited by guarantee. The company was established under a Memorandum of Association which established the objects and powers of the company and is govemèd by ils Articl8s of Association. The liability of Its members is limited in that every mèmbèr of the C¢)mpany undartakes to contributè an amount not exceeding £1 in the event ofthe company being wound up. The makeup of the Board of Directors follows the Department of Education Guidelines with representatives from Education, Health. Communitylvolunlary and Statutory organisations on our Board. Bècause of the partnership approach and knowledge of the local community, new Board members and trustees are approached by existing Board members to join. usually because they have experiencelskills needs on the rnanagement group. or because the organisation they represent falls within one of the above organisations. Tha trusteas leave Iytè day to day running of Coleraine Sure Start to Elaine Donnelly who foms part of the senior management team. Any strategic decisions ar8 mada by the board of trustees The remuneration of key manag8m8nt personnel are benchmarked against NJC sca18s appropriate lo occupational standards, The twstees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statemenls were: Kim Aiken {Resigned 14 November 2022) Mathilda Taulbutt Eugene McFeely Brèndan Patt8rson Sharon Lyons Ann McNlckle Geraldine Emerson Helen Hampsey Linzie King Sharon Lamonl Jade Thorne (Resigned 14 Novernber 2022) (Appointed 24 January 20231 (Appointed 18 January 20231 (Appointed 10 November 2022) Audltor In accordance with the company's articles, a resolution proposing that Moore {N.I.I LLP be reappointed as auditor of the company will be put at a General Meeting. Dls¢losure of Informatlon to auditor Each of the trustees has confirmed that there is no infomation of which they are aware which Is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have laken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees, eport wa5 approved by the Board of Trustees. Dated: 29 September 2023 Brendan Patterson Trustee
COLERAINE SURE START PARTNERSHIP STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The trustees, who a also the d1ClOr$ ol Coleraine Sure Siart Partnership for the purpose of company law, are responsible for preparing the Truslees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practic8). Company Law r8quires the trustees to prepare financial statements for each financial year which givè a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources. Including the income and expenditure. of the Gharitable Gompany for that year. In preparing these financial statements, the trustees are required to: select suitable aco)unting policies and then apply them consistently; observe the melhc¥Js and principles in the Charities SORP; - make judgements and estlmates that are reasonable and prudenl: state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements: and prepare the financial statements on the going concem basis unless it is inappropriale to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose wlth reasonable accuracy at any tim8 the financial position of the Charity and enable them lo ensure thal the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and henco for taking reasonable steps for th8 prevanlion and detectson of fraud and other irregularities.
COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP Oplnlon We have audited the financial slalements of Colerain8 Sure Start Partnership (the 'charity') for the year 8nded 31 March 2023 which comprise the siatement of financial activities. the balance sheet, the statemenl of cash flows and notes lo the financial statements. including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdorn Accounting Standards. including Financial Reporting Standard 102 The FinanGial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practiro). In our opinion, the financial ststements- give a true and fair view of the state of the charttable company's affairs as at 31 March 2023 and of its incoming resources and applicatson of sOurces. including its incomè and èxpenditure, for thè year then ended,. have been properfy prepared in accordance with United Kingdom Ganerally Acceptgd A¢¢ounting Practice,. and have been prepared in accordance with the qU1ments of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Slandard5 on Auditing (UK) {ISAs (UKII and applicable law. Our responsibilllies under those standards are fvrther described in Ihe Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordan¢8 with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical standard. and wè have fulfilled our olher ethical responsibilities in accordance with these requir8manls. We believe that the audit evidence we have obtained is suffici8nt and appropriate lo provide a basis for our opinion. Conclusions r8latlng to golng concern In auditing the financial stalemenls. we have conclude(i that the trustees, use of the going conrn basls of aOUntIng in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identifi8d any material uncèrtainlies relating to avents or conditions that, individually or colleciwely. may casl significant doubt on the charity's ability to continue as a going concern for a period of at least iwelve months from when the financial statemenls are aulhorised for issue. Our responsibilitie5 and the rgsponsibiliti8s of the trustees with respect to going ¢onrEm are desGribed in the relevant sections of this report. other Infomiatlon The other inlomation comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees afe responsible for the other infornation contained within the annual r8POrt. Our opinion on the finan¢Éal ststements does not cover the other infomialion and, except lo the extent otherwise explicitly stated in our report. we do not express any foTh ol assurance conclusion Ihereon. Our responsibility is to r8ad the other infomiation and. in doing so, consider whether the other infomation is materially inconsistent with the financial stalemÈnls or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistenGie5 or apparent material misststemenls, we are required to detemiine whether this gives rise lo a matenal misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that the is a material misstatement of this other infomialion, we are required lo report that fact. We hav8 nothing lo report in thls regard. Oplnlons on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the trustees. report for the financial year for which the financial statements are prepared, which includes Ihe directors, report prepared for the purposes of company law. is consistenl with the financial statements- and the directors, report included within the Injstees. report has been prepared in accordance with applicable legal requirements.
COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misststements in the director5, feport included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to raport to you rf. in our opinion: adequate accounting records have rÉot been kept. or retums adequate for our audil hav8 not been received from branches not visited by us: or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of trustees. remuneration specifled by law are not made: or we have not received all the infomation and explanations we require for our audit., or the Iruslees were not entitled to propar8 the financial stalernenls in accordan with the small companies regimg and lake advantage of the small companies, exemptions in preparing the trustees, report and from the requiremenl to prepare a strategic report. Responsibilities of trustees As explained morè fully in the Statement of trustees, responsibilities, the Injstees, who are also the dirèctors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being salisffed that Ihey glve a true and fair wew, and for such inlemal control as the trustees detemin8 is necessary to enable the preparation of financial statements that are free from material misslatement. wheiher due lo fraud or emr. In preparing Ihe financial stalemenis, the trustees are responsible for assessing the charity's ablllty to ontinug as a going concern, disclosing, as applicable. maiters related to going ¢oncèm and using the going concern basis of accounting unless the trustees either intsnd to liquidate the charitable company or to cease op8ratlons. or have no realistic alternative but to do so. Auditor's responsibilities for the audlt of the flnancial ststements Our objectives ar8 to obtsin reasonable assurance about whether the financial statements as a whole are free from material mi5Stalement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when il exists. Misstalements can arise from fraud or error and are considered material rf, individually or in the aggregate. they could reasonably be expected to influence Ihe economic decisions of users taken on the basis of these financial stalements.
COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design proc8dure5 in line with our responsibilities. outlined above, to detecl material misstatements in respect of irregul8rities, including fraud. The extent to which our procedure5 are capab18 of detecting irregularities. including fraud. is detailed below. Explanation as to what extent the audit was considered capable of detecttng irregularities, including fraud The objertives of our audit in respect of fraud. are., to identify and assess the risks of material misstatement of the financial statements due lo fraud., to obtain sufficient appropriate audit eviden regarding the assessed risks of material misstatement due lo fraud, through designing and implementing appropriate responses to those assessed risks,. and to respond appropriately to inslanc8s of fraud or suspected fraud identified during the audit. How8ver, the primary responsibility for the prevention and detection of fratjd rests with both manag6ment and those charged wlth governan of the charitable company. Our approach was as follows: We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act (Northern Ireland) 2008. the Charity SORP. and UK financial reporting standards as issued by thè Financial Reporting Council. We obtained an understanding of how the charilable company complies with these requirements by discussions with management and those charged with governance. We assessed the risk of material misstatement of the financial staternents. including the risk of material misstatement due to Iraud and how it might occur. by holding discussions with management and those charged with governance. We inquired of management and those oharged with governance as to any known instances of non- compliance or suspected non-compliance wilh lavts arKI regulations. Based on this understanding. we designed specific appropriate audit procedures lo identify instances of n0nwcompl1an with laws and regulations. This inclu08d making enquiries of management and thosè charged with governance and obtaining additional corroborative evidence a5 required As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintaln professional sceplicism throughout the audit. We also-. Identify and assess the nsks of material misstalement of the financial statements. whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficiont and appropriate to provide a basis for our opinion. The risk of not détecting a material misstatement resulting from fraud is higher than for one resulting from error, as ffaud may involve colluslon, forgery, inlentional omissions. misrepresentations, or the override of inlemal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for thè purposes of expressing an opinion on the effecliveness of the charitable company's intemal control. Evaluate the approprialeness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by tho truslees. Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or Gonditions that may cast significant doubt on Ihe charitable companls ability to continue as a going concern. If we condude that a material UnrtaInty exists. we are required lo draw attention in our auditor's report to the related disclosures in the financial 5taternenls or. if Such disclosures are inadeqL(ale. to modify our opinion. Our conclusions are based on the audit evidence oblained up to the date of our auditor's report. However, fulurg events or conditions may cause the charitsble company to cease to continue as a going concem. Evaluate the overall presanlation. slrucbjre and content of the financial slalèments, including the disclosures, and whether the financial statements r&present the und8rtying transactions and events in a manner that achieves fair presentation. We communicate with those charged with g0veMan regarding, among other matters, the planned scope and timing of the audil and significant audil findings. including any significant deficiencies in inlemal contro5 that we identify during our audit.
COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP A further description of our responsibilities is available on the Financial Reporting Council's website at: https-.11 www.frc.org.uklauditorsresponsibililies. This description fomis part of our audilorfs report. Use of our report This report is mad& solely to the charitable company's members. as a body, in accordance Trmlh Chapter 3 of Part 16 of the Companies Ad 2006. Our audit work has been undertaken so that we might state to the charitable company's members those Matte we are required to state to them in an auditors, report and for no other purpose. To the fullest extènt pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a tKsdy, for our audit vrk, for thi5 report. or for thè opinions we have formed. Dr R I Peters Gallagher OBE FCA (Senlor Statutory Auditor) for and on behalf of Moore {N.I.) LLP 29 September 2023 Chartered Accountants statutory Auditor 30-32 Lodge Road Coleraine BT52 1 N8
COLERAINE SURE START PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Rostricted funds funds Total unreStrted Reslricted funds funds Total 2023 2023 2023 2022 2022 2022 Notes Income from.. Charitable activities 1.100,075 1,100.075 1.033,880 1,033,680 Ex endlture on". Charitablo activities 5,123 1.094,182 1,099,305 93.607 1.031.617 1,125,224 Net incomel{expenditurel for the yearl Net mov8m8nt In funds (5.123) 5,893 770 (93.607) 2.063 (91,544) Fund balances at 1 April 2022 7,886 36,234 44,120 101,493 34.171 135,664 Fund balan¢e$ at 31 March 2023 2,763 42.127 44.890 7,888 36,234 44,120 The stalefflenl of finanGial adivilies includes all gains and losses recognised in the year. All Income and expendilure derive from continuing activities. Thè statemènt of financial activities also complies with the qUIrements for an income and 8xp8nditure account under the Companies Act 2006. 10-
COLERAINE SURE START PARTNERSHIP BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Notes Fixed a55et5 Tangible assets Current assets Debtors Cash at bank and in hand 10 14,076 14,582 11 7,936 36,933 5.172 35,012 44,869 40,184 Crodltors: amounts falling due within one year Other créditors 12 14,055 10,646 Net currenl assets 30.814 29,538 Total assets less current Ilabllltles 44.890 44,120 Income funds Reslricled funds Unrestricted designated funds Unrestricted general funds 42,127 2,763 36,234 7.886 44,890 44,120 These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies regime. The financial statements were approved by th8 Trustses on 29 Septemb8r 2023 Brendan Patt8rson Trustee Company Registration No. N1043674 11
COLERAINE SURE START PARTNERSHIP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from operating activities Cash generated froml(absorbed by) operations 19 6,S38 (3,967) Investing activities Purchase of tangible fixed assets (4,61n (6,6951 Net cash used In Investlng actlvltlès {4,617) (6.695) Net cash used In flnancing activities Net increasel{decrease) In cash and cash equlvalents 1,921 (10.662) Cash and cash equivalents at begKJning ol year 35,012 45,674 Cash and cash equlvalents at end of year 36,933 35,012 12-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity inforniation Coleraine Sure Start Partnership is a private company limited by guarantee inmTporated in Northem Ireland. The registered office is 34c Society Slreel, Coleraine, Co Londondery, BT52 1LA. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounling and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R8porting Standard applicable in the UK and Republic of Ireland (FRS 102) leffectsve 1 January 2019)" The charity is a Public Benefil Enlity as defined by FRS 102. 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 principal accounting policies adopted are set out below. 1.2 Golng concèrn At the lime of approving the financial statements. the trustees have a reasonable expectation that the charity h8s adequale resources to continue In operational existence for the foreseeable future. Thus th8 Iruslee5 continu8 to adopt the going concem basis of accounting in pr8parin9 the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the twstees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set oul in the notes to the financial statements. Restricted funds are subject lo 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 financial statements. 1.4 Incomo Ail incoming resources are included in the statement of financial activities when the charity is entltled to th8 income and the amount can be quantified with reasonable accuracy and there is sufficient certainty that receipt of the income is considered probable. The following specific policies are applied to particular categories of inwme. Income from charitable aGbvities includes income recognised as earned (as the related goods or services are provided) under contract or where enlitlement to grant funding is subject to specific perfomianGe conditions. Grant income included in this category provides funding to Support prograrnme adivities and is recognis8d where the enliuement, certainty of reIpt and amount can be measured with sufficient reliability. 1.5 Expendlture Expenditure 15 recognised on an accruals basis as a liability is incurred. Funding provided through contractual agreements and perfomance related grants are recognised a5 goods and seNices are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable. 13-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles (Continued) 1.6 Tangible fixed assets Tangible fixed assets are inilially measured at $t and subsequently measured at cost or valuation. net of depreciation and any impaim)ent losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Improvem8nts lo Prop8rty Office Equipmenl Fixtures and fillings Computer Equipment 4% straight line 20% slraoht line 15% slraight line 250A slraighl line The gain or loss arising on the disposal of an asset is dèl8miined as the difference belween Ihe sa18 proceeds and the Garrying value of the asset, and is recognised in the ststement of financial activities. 1.7 Impalrment of fixad assets At each reporting end date. the charity reviews the carrwng amounts of its tanglble assets lo determlne whether there is any indication Ihal those assets have suffered an impaiment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalenls 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. 8ank overdrafts arè shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply Ihe provisions of SeGtion 11 'Basic Financial Instruments. and Section 12 'other Financial Instruments Issues. of FRS 102 to all of its financial instnjments. Financial instrum8nts are recc*Jnis8d in the charity's balance sheal when the charity becomes paty to th8 contractual provisions of the instrumenl. Financial assets and liabilities are offset. wilh Ihe net amounts presented in the financial statements, when there is a legally enforceable right to Set off the recognised amounts and the is an intentlon to settle on a nel basis or to realise the assel and settle the liability simultaneously. Basi¢ financial assets Basic financial assets. which include debtors and Gash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial asset5 classified as receivable within one year are not amortised. 14-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ac¢ountlng pollcles Icontlnued) Basic financial liabilities Basic financial liabilities. including creditors and bank loans are inilially recognised at transaction prsce unless Ihe arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of inierest. Financial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carried al amortised cost, using the effective interest rale method. Trade credÉtors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable a classif18d as current liabilities if payment Is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effe¢live interest method. Derecognition of financlal Ilabllltles Financlal liabilities ar8 derecogni5ed when thè charity's contractual obllgations expire or are discharged or can¢8lled, 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the èmploy88's seNic@s are received. Termination benefits are recognised imrnediat8ly as an expense when Ihe charity is demonstrably committed to terminate the employment of an employee or lo provide termination benefits. 1.11 Retirement benefits Paym8nts lo defined contribution retirement benefit schemes are charged as an expense as thèy fall due. Critical accounting estimates and judgements In the application of the charity's a¢counling policies. the Irustees are reqUId lo make judgeménts. estimates and assumplions about the carrying amounl of assets and liabiliiies that are not readily apparenl from other sources. The eslimales and sssocialed assumptions are based on historical experience and other f8Ctots that are considered to be relevant. Actual results may differ from thes8 estimates. The estimates and underlying assumplions are reviewed on an ongoing basis. Revisions to accounting eslimates are recognised in the period in which the estimate is rewserj where the revision affects only that period, or in the period of the revision and future periods where the revision affects bolh Gurrenl and future periods. Charitable activities Restrlcted funds Restrictéd funds 2023 2022 Grant funding 1,100,075 1.033,680 15-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable activilies 2023 2022 Staff costs Depreciation and impairment Focus on Family Causeway Women's Aid Harpurs Hill Children and Family Centre West Bann Portrush Resources Health Visitors Training costs Other charitable expenditure 326,217 5,123 129,778 62,584 334,568 60,731 17,760 3.621 14,078 1 S,074 293,029 93,607 128,532 61.058 304.923 57.101 16.213 16.141 11,350 8.332 969,534 990,284 Share of support costs (see nole 51 Shao of govemance costs {s&e note 5) 123,603 6,168 128,369 6,571 1,099,305 1,125,224 Analysls by fund Designated funds Reslricled funds 5.123 93,607 1,094,182 1,031,617 1,099,305 1.125,224 16-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 Rent Heat and Light Stal, Advert and Programme Dev Telephone, postage and travel General and Subscriptions Bank fees Insurancè Rates Consultsncy fees Repairs and Maintenance 30,857 8,622 30,857 8,622 32,379 10,756 32,379 10,756 38,043 38,043 43,382 43,382 19,476 19,476 15,483 15.483 8,627 360 4,168 665 3TO 8,627 360 4,168 665 370 5.948 430 3,795 730 2,152 5,948 430 3,795 730 2,152 12.415 12,415 13,314 13,314 Audit fees Legal and prof8ssional 4,440 1,728 4,320 2,251 4.320 2,251 1.728 123,603 6.168 129,771 128,369 6.571 134,940 Analysed beeen Charitable activities 123,603 6.168 129.771 128.369 6,571 134,940 Trustees None of the trusteès (or any persons connected with them) received any remuneration or benefits from the charity during the year. Employees The average mnthly number of emFloyees during the year was". 2023 Number 2022 Nurnber 17 15 Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 295,434 22.470 .313 265,953 19,723 7,353 326.217 293.029 17-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Employees {Contlnued) There were no employees whose annual remuneration wa5 more than £60,000. Taxatlon The company Is a Chartty (Charity No. XR53692} and is recognised as such by HM Revenue & Customs for tsxation purposes. As a restslt there is no liability lo taxation on any of its inGome. lrnpalrments Impairment lesls have been carriéd out where appropriate and the following impairment losses have b88n recognised in the Stalernenl of Financial Activities.. 2023 2022 In respect of.. Property, planl and equipment 89,711 10 Tangible fixed assets Imprrjvernents to Property Office Flxtur•$ and Equlpmet)t fittlngs Computer Equlpment Total Cost Al 1 April 2022 Addilions 142.166 41.687 1,062 13,753 1.194 38,238 2,361 235,844 4,617 At 31 March 2023 142,166 42,749 14,947 40,599 240,461 Depreciation and impairment At 1 April 2022 Depreciation charged in the year 142.166 38,018 1,141 12,173 535 28,905 3.447 221,262 5.123 At 31 March 2023 142.166 39,159 12,708 32.352 226,385 Carrying amount AÉ 31 March 2023 3.590 2.239 8.247 14.076 At 31 March 2022 3,670 1,580 9.332 14,582 Morg information on the impaiment arising in the year is given in note 9. 18-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Debtors 2023 2022 Amounts falling due wilhin one year: Trad8 debtors Prepayments and accrued irwme 198 7.738 5,172 7,936 5.172 12 Other creditors falllng due wlthln ono year 2023 2022 Accruals and deferred incomè 14,055 10,646 13 Rallrement benefit schemes Defined contribution schemas The charity operates a defined contribution pension sch8me for all qualifying employees. The ass8ts of the scheme are held separalgly Irom those of the charity in an independently administered fund. Thè charge to profit or loss in respect ol defined conlrlbution $¢hemes was £8.313 {2022- £7.353>. 14 Analysls of net assets between funds Designated Restricted funds funds Total Deslgnated Restricted funds funds Total 2023 2023 2023 2022 2022 2022 Fund balances al 31 March 2023 are represented by.. Tangible assets Current assetsllliabililies) 14,076 30,814 14,582 29.538 44,890 44,120 15 Flnanclal commitmenls, guarantees and ¢ontlngent Ilabilities Certain grants reiVed and receivable may bewime repayable to the funder rf the Charity is no longer able to meet the conditions under which they were awarded. Dua lo the natur& of these contingencies. it is not possible lo quantify Ihe potential effect or give an indication of timing as lo Iha liabilities that may arise. 16 Events after the reporting date Tharè were no events since the balance sheet dale that would require adjusbnent or disclosure in the financial statements. 19-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Related party transactions There were no disclosable relatèd party transaclions during the year (2022 - none>. Remuneration of key management personnel The remuneration of key management personnel. who comprise the senior management team and truslees. is as follows. 2023 2022 Aggregate compensation 49,530 46,976 18 Audltors. Ethical Standards In common wlth many organisalions of our size and nature we use our auditors to assist wtlh the compilalion of the slatulory financial stalements. 19 Cash generated from operations 2023 2022 Surplus1(deficit) f¢x thg year 770 {91.544) Adjuslments for. DepCIation and impairment of tangible fixed assets 5,123 93,607 Movements in working capit81: (Increaselldecrease in debtors Increasel(decrease) in credilors (2,764> 3,409 4,673 110.703) Cash generated froml(absorbed by) operalions 6,538 (3.967) 20 Analysls of changes in netfunds The charity had no debt during the year. -20-