COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP Oplnlon We have audited the financial statements of Coleraine Sure Start Partftèrship (thè 'charity') for the yèar ended 31 Mareh 2023 which Comprlse the siatement of financi81 activities, lh6 balance sheet. the statement of cash flows and notes lo the financial statements. including significant accounting policie$. The finan¢ial reporting Iram8work that has been applled In their preparation is appikcable law and United Kingdorn Accounting Standards. Including Financial Rèporbng Standard 102 Th& Financial Reporting S¢andard applicabl8 In Ihe UK and Republio of ireland (United Kingdom Gen8rallyAccepted Accountwig PractirAI. In our opinlon. the f￿ancial statements: give a Irue and fair vlew of the slate of the charltabl8 company's affairs as at 31 March 2023 and of its incoming resourG85 and applI￿tton of ￿SourCes. incluiling its incom8 expendlture, for the year then ended.. have been properly prepar&fj in acGordanGo with United Kingdom Generally Accepted Acco￿ling Practlce. and have b88n prepared in accord￿Ce wllh the ￿quireMents of the Companles Act 2006. Bas1$ for oplnlon We conducted our audit in accordance wlth Inlemalional Standards on Audlllng (UK) {ISAs (UK)) and 8ppllcable law. Our r8sponslbilitles under Ih05e standards are further described In the Audiiofs ￿SpOnsib￿ltIeS for the audit of the financial statements sèction ol our report. We are independent of Ihe charity in accordance with the ethical requirements that are relevant to our audlt of the financi81 ststements in the UK. includlng the FRC'S Ethical Standard, and w8 have fulfilled Our olher ethical responsibilities in accordan¢8 with th9s8 requirgmgnls. We bolieve that the audll evldence we have oblalngd Is suffident and approprlate to provkle a basls for our opinion. Conclusions rotatlng to golng concern In audlting the financial siatemenls, we hav8 rA)ncluded that Ihe trustees. use of the golng concam bas[$ of ac￿inting in the p￿paratIOn of the financial statements is appropdata. Based on Ihe work we have performed. we have not identified 8ny material uncert8lnties ￿lating lo events or condition5 that, indiwdually or collectively, may cast s￿nIficant doubt on the charity's ability to Continue as a going concern for a pertod of at least ￿e1ve monlhs from when the financial sl8temenlS are authorfsed for issue. Our responslbllltles and the responsit41ittgs of the t￿￿tee5 wllh respeci k> golng concem are descrlbed in tho relevant sections of thls reFQrt. other infomiatlon The other infomiation comprfses Ihe infom)ation indLKted in the annual report other than the finanGlal stalements and our audiloffs report thereon. The truslee5 are responstble for Ihe other infornation contsined within the annual report. Our opinion on the finandal statements does not COV8r tho olher infomalion and. except lo the extent otherwise explicitly slated in our report. we do not express any fonm of assurance conclusion ihereon. Our responslblllty Is to read the other inforniation and. in do5ng so. consider whether the other infomiation is malarially InconsSstenl wlth the financial statements or our knowledge obtained in the course of Ihe audit. or otherwise appears to be materially mlsstated. If we identify such malerial inconsistencies or apparenl material mlsstatemants. we arè required to determlne whelher thi5 gives rise lo a material misstatement In Ihe financtal slalements themselves. If. based on thè work we have performed. we conclude that there is a rnater1￿ mis5tatemenl of this other infomallon. we are requlred to report that tsd. We have nothing to report In Ihi5 regard. Oplnlons on other matters prescrÉbed by the Companles A¢t 2006 In our opinion, based on the work undertaken in the coutse of our auditr. the infomiation given in the Irustees, report for financial year for which the finanual statements are prepared, which includos Ihe directors. report prepared for the purposes of company law. is consistsnl wlth the financial statements: 8nd the directors, report included within the Irustees. rewt has been wepared In accordance wlth appllcable legal requirements. COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP Matiers on which we are required to report by exception In the light of the knowledge and unde151anding of the charity and ils environment obtained in the course of the audit. we have not idenlffied matertal misstatements In the dkectots. report included within the trustgos, report. We have nothing to r8POrt in respect of the following m8tters in relation lo which the Companies Act 2008 requir8S us to ￿port to you if, in our opinion: adequate accounllng recorts have rK)t been kept, or returns adequata for our audil h8ve not been received from branches not visitsd by us; or Ihe finartcial statemenls are not in agreernent with the accounting re￿r11S and retums; or certain disclosures of twstees, remuneralion 5pecffied by law are not made- or we have not reGeived all the infomiation and explanations we require for our audit: or Ihe Injslees were not efttittèd lo prèpare thè financial statements in accordance wilh Ihe small companiès regimg and tske advanlage of Ihe small companies. exernptions in praparing the Irustees. report and from the requirement to preparg a strategic report. Re$po>nsibllities of trustees As explained more fully in th8 slaternent of tru&lees' responsibllitie8. thè trustees. who are also tha dir8¢lors of the charity for the purpose of company law. are responslble for Ihe preparauon of the )Inancial statements and for belng salisffed Ihat they give a true and falr vlew. and for sueh Inlemal control as the trnslees detemlne Is necessary io enable the preparatlon of financi81 ststemenls Ihat are free from material misslalemen( whether due to fraud or error. In pff parlng Ihe finanGial slalements. the trustees are responslble for assessing the charity's abllity to continue as a going concern, disckjsing. 85 applicable. matters rela18d to 90ing concem and using the going concorn basls of accounling unlèss the trustees either Intend lo Ilquldate the charitable Gompany or to cèase operatlons. or have no realistlc alternallve but to do so. Audltofs responslbllllles for the audlt of the flnanclal statements Our objecllves are to obtain reasonable assurance about whether tho financial statemènts as a wholè are free from material mi5Stalement. whether due to fraud or emr. and Io issue an audil0rf5 report that Includes our opinion. Reasonable assurance is a hlgh level of assurancè but is not 8 guarantee that an audit conducted in accordanee with ISAS IUK} will always delect a material misstaternent when it exisls. Mis$latemenls can arise from fraud or error 8nd are cOn￿dered materlal if, Indlvidu8lly or In the 8g9￿98te. they could reasonably be expected to influence Ihe economic d8¢isions of users taken on the basis of these financial siatements. COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP Irregularitles. Including fr8ud. a￿ instances of non-compliance with jaws and regulations. We design procedure5 in line with our responslbllltles. t)uifined above. lo detecl material misslaternents in respecl of irr9gul8rilip5. including fraud. Th8 extent to which our procedures are capable of detectin9 irregularilies. inGludin9 fraud. is detailed below. Explanation as to what extent the audtt was considered capable of detectin9 irregularltles, including fraud The objectives of our audil In respect of fraud. ar8; to identlfy and assess the risks of material misslatement of thè financial statements due lo fraud,. to oblain sufficient approprlate audit evidence regarding the as5e$sed risks of m8lèrial mlsslatement due lo fraud. Ihrcugh designing and rnplernenting appropriate respons8S to Ihctse assessed rlsks. and to respond approprralety to instances of fraud or suspe¢Eed fraud identified during Ihe al￿1t. However, the primary responslbllity for the prevention and detection of fraud rests with both rnanagement and those charged wllh governance of the tharitable company. Our approach was as follows: We oblelned an understandlng of th8 legal and regulatory requirements appllcablè to thé charitabl6 company and considered that the most slgnificant are the Companies Acl 2006, Ihe Charftles Act (Northern Ireland) 2008, the Charity SORP, and UK finanual reportlng standards as issued by the Flnancial Reportlng Council. We obtained an undetsknding of hthv the chariiable company cornplles with Ih8s0 roquirements by dlscusslons with management an¢i those charged wth governance. We assessed the rlsk of mateT5al mtsslalement of th8 financial slatements, Including Ihe risk of material rnlsststemenl due to fraud and how It mlght occur, by holding discussions wllh management and those harged with governance. We inquired of management and those charged with governance as to any known in51ancgs of non- compliance or suspected non-complianGg Wlth laws and regulations. Based on this understanding. we desigr*d spècific appropriale audit procedures lo Identify Instances of non-compllance with laws and regulabons. This included making enquirtes of managemènt and thoge charged with govemance aTrJ obtaining additlonal corroborative evid8nce as required As part of an audit in accordance wlth ISAS (UK) we exercise professional Judgement and malnlaln professional scepllclsm throughout Ihe audil. Wè 81so: Identify and assess Ihe ii8ks of material mlsstslement of the financial statements, whether due to fraud or error. deslgn and perform audil procedures responslve to those risks, and obtain audit evldencè that Is sufficienl and approprlal8 to provide a basis for our opinion. The risk of not détecting a material misslalement resulllng from fraud is higher than for one re5uIUng from error, as ffaud may involve colluslon, forgery, inl•ntional omissions, mlsrepresentalions. or the override of inlemal control. Obtain an understanding of inl8rnal control rel8vanl lo the audlt in order io d6sign audlt procedures that are appropriate in the circumstances. but not for the PUTP05es of expresslng an oplnlon on the effecliveness of the charitable company's Intemal rx)nlrol. Evaluate the appropriateness ol acc))unling p￿cleS used and the reasonablantrss of accounttng estimates and related disclosures nkgde by the Irustees. Conclude on the appropriateness of the trustees. use of Ihe going concern basis of accountirKJ and, based on the audit evidence oblalned. whether a malerial uncertainty exlsts relaled to events or conditions that may cast slgnffiGant doubt on the charitable Gompanvs ability to continue as a going concern. Sf we conclude that a material uncertainty exists. we are required to draw attention in our audilor's report lo the related dIsclosu￿$ in the financial statements or. if such disc105ure5 are inadequate, to mDdify our opinlon. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, futur& events or conditions may cause the charitable company to cease to continue as a going Can￿rn. Evaluate the overall presentation. structure and content of the financial slalements. including the disclosu￿s. and whether the financial statements represent Ihe undarfying transactions and events in a manner that achieves fair presentation. We communicate wth those charged with g0vemar￿8 regarding, among olher matters. the planned scope and timing of the audit and significgnt audit findings, Including any signfficant deficlencles in internal ca)ntrol that we identify during our audlt. COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP A further descriplion of our reSp￿sibIlitieS ts available on the Finanaal Reporting Council's website at: httpsjl www.frc.org.ukjaudilorsresponsibilities. This description fomis part ofour audilo¢s report. Use of our report This report is made solely lo the charitable company's members. as a b¢)dy. in accordance wilh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken 50 that wè might statè to tho charitable companvs membgrs those matter5 we ar8 required lo state to them in an audltors, report and for no other purwse. To the fullest extent pemltted by law. we do not accept or assume responsibllity to anyone olher than the charflablé company and Ihe charitable company's members as a txjdy, for our audil work, for this report. cr for the opinions we have lormed. Dr R I P?ters Gallagher OBE FCA {Senlor Statutory Auditor) for and on behalf of Moore (N.I.) LLP 29 September 2023 Chart¢red Accountants Statutory Auditor 30-32 Lodge Road Coler8ine BT52 1NB COLERAINE SURE START PARTNERSHIP STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlctèd Restrlcted funds funds Total Unrestricled Reslri¢led funds funds Total 2023 2023 2023 2022 2022 2022 Notes ncome fro Chsritsble aclivitles 1,100,075 1.100,075 1.033,680 1,033,680 Ex endlture on: Charitsble activities 5,123 1.094,182 1.099,305 93.807 1.031.617 1,125.224 Net in¢omd{expenditur81 for the yearl Net mov8m8nt In lunds (5.123) S,893 770 (93.607) 2.063 (91.544) Fund balances at 1 April 2022 7,888 36,234 44,120 101.493 34.171 135,664 Fund balances at 31 March 2G23 2,763 42.127 44,890 7.886 36,234 44,120 The staiernent of financial activilles includes al gains and losses recognlsed In the year. All Income and expgnditure derlve from conllnuing aclivilies. The statement of financial acttvlknes also complles wllh the requrements for an Income and expendlture 8ccount under the Companies Act 2008. 10- COLERAINE SURE START PARTNERSHIP BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Fixed assets 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 Credltors: amounts falling due within ong year Olher creditors 12 14055 10,646 Net current assets 30,814 29,538 Total assets less current Ilabllltl*$ 44,890 44,120 Income funds Reslricled funds Unreslricted designated funds Unreslricte¢ gèneral funds 42,127 2,763 36,234 7.B86 44,890 H,120 These ffinanclal slatemenls have been prepared In accordance wilh the provisions appllcable to cornpanles subJect to the small companles regime. The financial statements were approved by the Trustees on 29 September 21r23 Brgndan Patterson Trustte Company Règlstralion No. Nll)43674 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 Iroml(absort)ed by) operatlons 19 6,S38 (3,967) Investlng activities Purchase of tanglble assets (4.617) (6,6951 Not cash used In Inv•stlng actlvltl8s (4,617} (6,695) Net cash usad In financlng aCt￿ltIeS Net increasel{de¢rease) in cash and cash equlval&nt$ 1,921 (10.662) Cash and cash equlvalenls at begnnlng ofyear 3S,012 45.674 Cash and cash equlvalonts 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 Accountlng pollciès Charity Infomiatlon Coter8ine Sure Start Partnetshi) is a privale company limited by guarantee incorporated in Northem Ireland. The registered office 15 34¢ Soctety Street, Colef8ine. Co Lormlonderry, BT52 1 L 1.1 Ac¢ountlng Conventlon The financial slatements have been prepared in accordance with the charity's Memorandum and Articles of A55oclatlon. the Companles Act 2006 and "Aecounllng and Reportlng by Charitles: Statem6nt of Recommended Pradce applicable to charities preparing their accounts in accoTdance wllh the Financial Reporting Standard appllcable tn the UK and RepuLli¢ of Ireland (FRS 102> (effecuve 1 January 2019)°. The charity [5 a PubliG Benefi1 Entity as defined by FRS 102. The financial statements are prepared in slerling. which is th8 fvnctional currency ol the charity. Monètary arnounts in th&se finandal statBments rounded to the n8arest L The prlnclpal accounting wlkles adopled are set out below. 1.2 Golng concern At the lime of approving th8 financial slatements. th8 trustees have a reasonable expectation that the ¢harily has adequate resources lo Continue In operallonal exlslence for the foreseeable futur8. Thus the Irustees continue to adopt the going ¢on¢arn basis of a¢¢ounting In preparing the finanpAal statamenis. 1.3 Charltable fund5 Unrestricted funds arè avallable for use at the discretion of Ihe truslee5 in furtherance of their chaitable oblectlves. Designated funds compris8 funds whlch have been set aside 81 the dlscrellon of the trustees for specific purposes. The purposes and uses ofthe designated fvnds are set out in Ihe note$ lo the financial Statements. Reslri¢led funds are $uL4eei io speclf5c condltlons by donors as lo hw they may be used. The purposes and uses oflhe restrlcted fund5 are set out In the notes to the financial statements. 1.4 Incomo All Incoming resour￿ are incbjded in the slalem&nt of financial aciivities whèn the charity is entitled to the incomè and thè amount can be quantifiBd with reasonable accuracy and there Is sufficient c8rtalnty that receipt of lh8 incomè is considered probable. The follsJwing specific policies are applied to patticular cal8gories of income. Income from tharitable a¢iivilies includes irKome recognised as earned (as the related goods or seNices are provided) under contract or where entitlement io grant funding is subject to Specif￿ perfr)mianGe Gonditions. Granl income induded in this category provides fvndng lo support PT(Jgramme activlties and is reGugni$gd Whe￿ the enlillement. certainty of receipt and amount can be measured with sufficient reliability. 1.5 Expenditure Expenditure is recognised on an accfuats basis 8s a liabilily is bncurred. Funding prO￿ded through contractual agreemenls and perfomance related grants are recognised as goods and seNices arg suppllgd. Other grant payments are recognised when a constnjctive obligailon artses that results in the paymènt belng unavoidable. 13- COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlng pollclos {Contlnued) 1.6 Tangiblè fixed assets Tangible fixed assels are initially measured at cxJst and $￿Sequen￿Y measured at cost or Va￿at[on, net of deprecIa￿on and any impai￿ent Ioss89. DepreGialion Is re¢ognis8d so as to write off the Cost or valuation of assels lèss their resldual values over their useful lives on the followlng base& Improvements to Property Office Equipment Fixtures and fittings Computer Equlpment 4% slralght Ane 20% straight Itne 15% straight lin8 25% slralght line The galn or loss arising on the dispos81 ol an asset is delemilnéd as the d5fferenGe between the sale proceeds and the cairy1r￿ value of the asset. and Is ￿COgnIS￿ in the statement of financlal activities. 1.7 Impalrment of fixed assets At each reporting end date. the charity reviews the carrying amounts of it5 tanglble 8ssels to d8termin8 whether the￿ Is any indlcalion thal thos8 assgts have suffered an impairrnenl loss. If any such indication exists, the recoverable amount of the assel is esllmaled in order to determine the extent of the impairmpnt loss In credilors (2,7641 3.409 4.673 {10.703) Cash generated frofftl(absorbed by) operations 6,538 {3.967} 20 Analysls of ¢hanges In netfunds The charity had no debt during the year. -20-