Charity Registration No. NIC100572 Company Reglstratlon No. N1043674 (Northern Ireland) COLERAINE SURE START PARTNERSHIP (a company lÉmited by guarantee and not having a share capital) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
COLERAINE SURE START PARTNERSHIP CONTENTS Paye Charity Inforniation Trustees, report statement of twstees. responstbilltles Independent audltoVs report Statement of flnanclal actlvllles 10 Balance sheet 11 Statsment of cash flov 12 Notes lo the financial statements 13-20
COLERAINE SURE START PARTNERSHIP LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mathitda Taulbutt Brendan Patterson Sharon Lyons Ann McNickle Geraldine Emerson Linzie Kwig Sharon Lamont Jade Thome Richard Brown (Appointed 6 February 2024) Charlty numbor NIC100572 Company numbar N1043674 Reglsterod offlco 34c Soclety Street Coleraine Co Londonderry BT52 1 LA Audltor Moore (N.I.) LLP 30-32 Lodge Road Coleraine BT52 1NB Bankars Ulster Bank Ltd 30 The Diamond Coleralne Co. Londondery BT52 1DP Soli¢itors Mccallum O'Kane 8 Blindgate Street Coleraine County Londondery BT52 1EZ
COLERAINE SURE START PARTNERSHIP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 present their annual report and financial statements for the year ended 31 March 2024. The financlal statements have been prepared In accordance with the accounting policies set out In note 1 to tha financlal statements and comply with the charivs Memorandum and Articles of Associatlon, the Companies Act 2006 and 'Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wtih the Financial Reporting Standard applicable in the UK and Republlc of Ir81and IFRS 102) (effective 1 January 2019).. ObJectlves and actlvltles The principal actlvity ol the company Is to work wlth parents and chlldren to promote the physlcal. Intellectual and soclal development of pre-school children - particularfy thos8 who are disadvantaged - to ensure they ar8 ready to flourish when they get to school. Coleralne Sure Start Partnershlp Is one of thlty elght Sure Starts operaling in Northem Ireland, funded by th8 Department of Education. lo meet the needs of chlldren and famllies in Iheir early yeaTS. All Sure Starts have number of core alms, however each Works in an aulonomous way to respond to the local needs of the community in whlch they are based. These overarchlng alms ar8: -Improve the abllity to learn by encouraging stimulatlng play. improving language skills and the early identification and support of chlldr8n wllh leamlng dlfficultiès. -Improve health by supportlng parents In carlng for children and promoting children's health and development. -Improve social development by supporting the development of earfy relationships behveen parants and children. good parenting skills, family functioning and earty Identifition and support of children with emotional. leaming or behavloural difficulties. Sure Slart supports families living in the top 25•/r* d8signated areas of deprivatSon. Coleraln8 Sure Start supports famllies antenatally and with children up to th8 age of four, in the wards of Ballysally. Cross Glebe, Central, Churchland and Royal Portwsh as well as the houslng estates of IAfjndy Hall and Mlllbum. The main services delivered by Sure Stsrt are: -Good quality play, learning and chrfdcare experlences for chlldren (both group and home based) -Sp88ch language and communication support -Primary and cornmunity health care and advice -support for all chlldren In the communlty recognlslng thelr different needs -Famlly support Including befriending, soclal support and parenting infonmation, both group and home based -Oulreach and home vISng services. to make contact as earfy as possible in a child's Ilfe and draw famiSie5 into using other services. At the core of Coleraine Sure Start Partnership is a collaborative approach and a number of organlsations work together to ensure that needs are met In the local community. These indude Causeway and Mld-ulster Women's Aid. Focus on Famlly. Harpues Hill Children and Family Centre. Libraries Nl, Northem Health and Social Care Trusl. West Bann Development and local early years settings such 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 2024 Achlevemenls and perforniance There were no concems regarding the 2023-24 business plan targets and achievements, wlth most targets being met and If not, this was due to legitimate reason5 e.g. staff vacancaes or sickness. We continue to deliver a range of services across the age range that meet the needs of famllies Y1h1n our catchment area and withln our threè Sure Start aims. This includes a focus on antenatsl and postnatal sèrvices such as Baby Massage. Baby Yoga, and Incredible Babies. We deliver a wide rangè of play sesslons across Coleraine, Portrush and Portslewart. bolh in communlty venues and In families, homes. Groups to support parents include the Breasffeeding Support Group and the Women's Group. We also offer a range of family support SeNiC8S to par8nts and those affected by domestic violence. Wg also offer a number of par8ntlng programmes such as the Family Llnks Parentlng Programme, Solihull and Incredible Years School Readiness. For all our servlces we cary out a number of evaluatlon methods which help us measure the impacl ol our work on panIS and chlldren. arKI Includes veTbal feedback. case studles and pre and post scoring. Flnanclal revlew The results for the year are sel out on page 10. The company relumed net income for the year of £3.008 {2023 £700). At 31st March 2024 the total funds of the charity amounted to £47.8g9 (2023 £44,890) comprising restricted income funds of £47,89912023 £42,127) and unrestricted deslgnated funds of £0 (2023 £2,763). Taxatlon The company Is a charfty (Charlty No. NIC100572} and is recognised as suth by HM Revenue and Customs for taxation purposes. As a result there Is no Ilabllty to tsxation on any of Its Inc4)me. Reserv05 poIIcy Each year the Department of Educalion which provldes our fundlng expects the organlsalion to spend our lull allocatlon of the budget. Any held at th8 end of the reportlng period is factored in to future funding calculatlons. Rlsks The Iruste8s arè aware ol their responslbllitles and have systems and procedures In place In order to manage risks to the organisation. This includes regular Board meetlngs at whlch Achlevements, Flnance and Staffing are dis¢u5sed and reviewed. Team and Management meethgs across the staff teams and ongolng Ilaison with our furbder. The organisalion has pollcies and procedures In place to ensure that Govemance. Operational, Finance. Exlernal and Legislative risks are managed. For our seclor this indudes areas such as Fraud. Dats Protèction. Confidentiality. Safeguarding and HR are dellvered In Ilne with good practlce, leglslatlon and competency. Furthermore. regular reports both operatlonal and strategic are completed and submltted to our funders for monitoring purposes in relation to good G0veMan and accountablltty of publlc funds. Plans for the futura Coleralne Sure Slart Partnership will continu8 to cary out Services as d8tai18d in our Busin8ss Plan. In the forthcoming year we plan to continue to r8view our governance arrangements to ensure best practice and accountabllity.
COLERAINE SURE START PARTNERSHIP TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management Th8 charity is a company limited by guarantee. The company was established under a Memorandum of Assoclatlon whlch eslabllshed the objects and pOVr$ of the company and Is govem8d by ils Articles of Assoclatlon. The liability of its members is limited in that every member of the company undertake5 to contrlbule an amount not exceeding £1 in the event of the COVanY belng wound up. Tha makeup of the Board of Directors follows the Departrnent of Education Guidelines with representallves from Education, Health, CommunityNoluntary and Statutory organisations on our Board. Because of the partnershlp approach and knowledge of the local cornmunty, new Board m8mbers and ttUStees are approached by existing Board m8mb8rs ta join, usually because they hav8 oxperiencelskills needs on the management group. or becausg the organisation they represent falls within one of the above organisations. The trustees leave the day to day running of Coleraine Sure Start to Elaine Donnelly who fomis part of the senlor management team. Any slrategic decisions are made by the board of trustees The remuneratlon of key management personnel 1$ benchmarked agalnst NJC scales appropriate to occupatlonal standard8. The trustees, who are also the directors for the purpos8 of company law, and who served durfng the year and up to the date of signature of the financial ststements were: Mathilda Taulbutt Euggne McFeely Brendan Patterson Sharon Lyons Ann McNickle Geraldlne EmerEon Llnzle Klng Sharon Lamont Jade Thom8 Richard Brown (Resigned 31 January 2024) (Appointed 6 February 2024) Audllor In accordance wlh the company's articles. a resolution proposing that Moore (N.I.) LLP be reappolnted as auditor ol the company will be put at a Gengral Meeting. Dlsclosure of Informatlon to audltor Each of tho Irustees has confirmed Ihat there is no Informatkjn of which they are aware which is leVant to the audit, but of whlch the audltor Is UnaVre. They have further confirmed that they have taken appropriate steps to identify such relevant infonnation and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. Dated: 13 December 2024 Brendan Pattorson Trustee
COLERAINE SURE START PARTNERSHIP STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also the directors of Coleraine Sure Stsrt Partnership for the purpose of cnmpany law, ar8 responslble for preparing the Trustees, Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requlres the trustees to prepare flnancial statèments for each finandal year which give a true and fair vlew of the state of affalrs of the chartty and of the incomlng resources and application of resources. including the income and expenditure, of the charitable company for that year. In preparing these financlal ststements, Ihe twslees a requlred to: select suitable accounting policies and then apply them consistently; observe the methods and prlnciples in the Charitles SORP; - make Judgements and estimates that are reasonable and prudent: stale whether applicable UK Accounting Slandards have been followed, subject to any material departures disdosed and explained in the financial statements: and prepare the flnanclal statements on the going ts)ncem basis unless it Is Inapproprlate to presume that the charity wlll contlnue in operatlon. The trustees are responslble for keeplng adequate accountlng records that dlsdose with reasonable accuracy at any Ilm8 the financial positlon of the charlty and enable them to ensure that the financial stai8ments comply wlth the Cornpani8s Act 2006. They are also responslble for safeguarding the ass8ls of th8 charity and hence for tsking reasonable steps for the preventlon and detectlon of fraud and other Irregularitles.
COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP Oplnion We have audited the financial statements of Colerdine Sure Stsrt Parlnership {the 'chariW) for the y8ar end8d 31 March 2024 whlch comprise the statement of financial actlvlb'es, the balance she8L the statement of cash flows and notes to the financial statements, induding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial R8POrting Standard 102 The Financial Repong Standard applicabl8 in the UK and Republlc ol Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: giva a trué and falr vlew of the state of the tharftable company's affairs as at 31 March 2024 and of Its incoming r8sourc8s and application of resources. induding Its incom8 and expenditure. for the year then ended., have been properfy prepared In accordance with Unlted Klngdom Generally Accepted Accounting Pradice" and have been prepared in accordance wlth the requirements of the cOpanIeS Act 2006. Basis for oplnion We conducted our audlt In accordance with Intematlonal Standards oft Audlttng (UK) (ISAS (UK}) and applicable law. Our r8sponsibilltles under those standards are lurther described In the Auditorfs responsibilities for the audit of the financi81 st8tements secllon of our report. We are independent of the charfty in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethlcal Slandard. and we have lulfilled our other ethical responsibilities in accordance with these requirements. Wè bellev8 that the audlt evldence we have obtsined Is sufficient and appropriate to provide a basis for our oplnlon. Concluslons relallng to golng concern In auditing the financial statements. we have conduded that the trustees, use of the going ¢onc8m b8sls of accounting in the preparatlon of the flnanclal ststemenls Is approprfate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or colleclively. may cast significant doubt on the charitys ability to contlnu8 as a golng concem for a peri¢)d of at least Iwelve monlhs from when the financial statements are authorised for Issue. Our responsibilities and the responsibilities of the truste8S Wth r8spect to going concem are descrtbad In the relevant sections of this reporL other Inforniatlon The other infomation comprises the hfonnatlon included In the annual r8port oth8r than the financlal statements and our auditols report thereon. The trustees are responsible for the other information contained within the annual report. Our oplnlon on Ihe flnandal statements does not cover the other infcmiatlon and. except to the extent otherwlse explicitly stated In our report, we do not express any form of assurance conclusion thereon. Our responslblllty Is to read the other infomation and. In doing so. consider whether the oth8r infonnation is materially Inconsistent wlth the financlal statements or our knowledge obtalned in the course of the audtt. or otherwise appears to be materlally misstated. If we Identify such material inconsistencles or apparent material misststements, we are required to determine whether this gNes rise to a material misstatement in the financial statements themselves. If, based on Ihe work we have performed. we condude that there is a material misstatement of this other infomialion, we are requlred lo report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audil: the information given in the trustees. report for the financial year for which th8 financial ststemenls are prepared. which indud8S the directors. report prepared for the purposes of company law. is consistent with the financial statements. and the directors, report included within the trustees, report has been prepared in accordance viith applicable legal requirements.
COLERAINE SURE START PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF COLERAINE SURE START PARTNERSHIP Matters on which wo are required to raport by excoptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audlt, we have not Identified matsrial misststements in the directors, report 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 report lo you if. in our opinion: adequate accounting records have not been kepL or retums adequate ft)r our audit have not been received frorn bran¢hes not visiled by us. or the financial stat8m8nts are not in agréement with thè accountlng rècords and r8tums,' or certain disclosures of trustees, remuneratlon specified by law are not made: or we have not received all the infonnation and explanations we requlre for our audlt: or the trustees were not entitled to rKepare the financial statements in accordance wth the small companles regime and take advantage of the small companies, exemptions in preparfng the trustees, report and from the requirement to prepare a strategic report. Responslbllltlos of trustees As explalned more fully in the statement ol truste8s' rasponsibilitl8s. the trnslees. who are also the dlrectors of the charlty for the purpose of company law, are responsible for the preparation of the financial statements and for being satlsfled that they glve a true and fair view, and for such intemal control as the tnjstees detemlne Is necessary to enable the preparation of financial ststements that are free fmm materlal misststement. whether due lo ftsud or error. In preparing the financial statements. the trustees are responsible for assessing Ihe charity's abllity to continue as a going conc8m, disclosing. as applicable, matters re18ted to going conc8m and using the going concem basis of accounting unless trustees elther knt8nd to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Audltor's responslbllltles for Ihe audlt of the financial statsments Our obj8CtiV8s are to obtaln reasonable assurance about whether the flnanclal statements as a whol8 are free from material misstalem8nt, whether du8 to fraud or error, and to Issue an audltovs 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 aayS detect a material mlsslatement when It exlsts. Misstatements ari59 from fraud or error and ara considered material If. individually or In the aggregate, they could reasonably be expected to inlluence the economic decisions of users tak8n on the basls of these financlal statements.
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 produreS in line with our respon5iblllties. outlined above. to detect material misstatements in respect of irregularities. including fraud. The exient to whlch our procedures are capabl8 of detecting irregularities. including fraud, Is dètai18d below. Explanation as to what extent the audft was consldered Capable of dgtgcting irragularftles, Includlng fraud The objectives of our audit in respect of fraud. are: to identify and assess the risks of material misstatement of the flnancial statements due to fraud: to obtsin sufficient appropriate audit evidence regarding the assessed rlsks of material misstatement due to fraud, through designing and implementing approprfate responses to those assessed rlsks., and to respond appropriately to instances of fraud or suspected fraud idenufied during Ihe audit. However, the prlmary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company. Our approach was as follows: We oblalned an understandlng of the legal and regulatory requirements appllcablg to the charitable company and consldered that thé most significant ar8 the Companies Act 2006. thg Charities Act (Northem Ireland} 2008. the Charfty SORP, and UK financial reporting standards a$ Issued by the Financial Reporting Councll. We obtained an understanding of how Ihe charitsble company eompll8s YAth these requirement5 by dlscussions with management and those charged with gov8mance. We assessed the risk of material misststement of the financial Ststements, Includlng the risk of materlal misstatement due to fraud and how il might occur, by holding discusslons with management and those charged wilh governance. We inquired of management and those charged with govemance as to any knovm Instances of non- compliance or suspected non•compliance with laws and regulatlons. Based on this understanding. we designed specific approprlate audlt procedures to idenllfy Instances of non-compliance with laws and regulations. Thls induded maklng enquiries of management and those charged with goveman¢e and obtalnlng addltlonal corroboratlve evidence as required As part of an audlt In accordance with ISAS {UK) we exercEse prof8sslonal judgement and malnlaln professional scepticism throughout the audit. We also: Identlfy and assess the rlsks of material mlsststement of the financial statements, wh8ther due to fraud or error, deslgn and perfomi audlt procedures responsive to those risks, and obtaln audit evidence that is Sufflcient and appropriate to provlde a basls for our oplnion. The risk of not detecting a material mlsstat8m8nt resultlng from fraud is higher than for one resulting from ermr. as fraud may involve collusion, forgery. intentional omissions. misrepresentstion5. or the override of intemal control. Obtain an understsnding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purposes of expressing an opinlon on the 8ffecliv8ness of the charitable company's intemal u)ntrol. Evaluate the appropriateness of accounling policies used and the reasonableness of accounting estlmates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going concem basls of accounting and, based on the audit evldence obtsined. whether a material unc8rtainty exists related to events or conditions that may cast slgnificant doubt on the charitable companls ability to continue as a going concem. If we conclude that a material uncertainty exists. we are required to draw attentlon In our auditor's report to the related disclosures in the financial statements or. rf such disclosur85 are Inadequate. to modfy our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor'5 report. Howevgr, fijture events or condltlons may cause the charitable company to cease to conllnue as a going concern. Evaluate the overall presentatlon, structure and content of the financial statements, including the disclosures. and whether the financial ststements represent the underlying transactions and events in a manner that achieves fair presentation. We ¢ommunicale vhlh those charged wlth govemance regardlng. amcmg other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in intemal control 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 r8sponsibllllles Is available on the Financial Reporting Councll's websile al: https'.11 www.frc.org.uklauditorsresponsibililies. Thls descrtption fom part of our auditovs report. Use of our rnport Thls report 1$ made solely lo the charitable CoMpanS members, as a body. in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to slate to them in an auditors, report and for no other purpose. To the fullest extent pem)itted by law. w8 do not accept or assum8 rÈsponslbllity to anyone other than the charitable company and the charitable cOmpanS members as a body. for our audll work. for this reporL or for the opinlons we have formed. Dr R I Pètèrs Gallaghor 08E FCA (Senlor Statutory Audltor) for and on behall of Moore (N.I.) LLP 13 December 2024 Chartored Accountants Statutory Audltor 30-32 Lodg8 Road Coleraine BT52 1NB
COLERAINE SURE START PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds Total Unrestrict8d funds R88tricted funds Total 2024 2024 2024 2023 2023 2023 Notes Income from: Charitable activities 1,105.267 1,105,267 1,100,075 1,100,075 endlture on: Charltable actlvltl8S 5,513 1,096,746 1,102.259 5.123 1,094,182 1.099.305 Net Incomlng rèsources before transfers (5,513) 8,521 3,008 (5,123) 5,893 770 Gross transfers between funds 2.751 (2,751) Net Income lor Ihe yearl Net movement in fund$ (2,762) 5,770 3,008 (5.123> 5,893 770 Fund balances at 1 April 2023 2.762 42,129 44,891 7,886 36,234 44,120 Fund balances at 31 March 2024 47,899 47,899 2,763 42,127 44.890 The statement of financlal act6vltl8s Indudes all gains and Ioss8s recognised in the year. The statement of financial aclivilies indudes all gain5 and losses recogni5ed in the year. All Income and expendituro derive from continuing activities. The statement of financlal actlvltles also complles with the requlrements for an income and expendlture account under the Companles Act 2006. 10-
COLERAINE SURE START PARTNERSHIP BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixèd assèts Tangible assets Current assots Debtors Cash at bank and in hand 10 13,511 14,076 11 8,514 34,536 7,936 36,933 43,050 44.889 Crèditors: amounts falllng due wlthln one yèar Other credltors 12 8.662 14,055 Net current assets 34,388 30,814 Total assets less current Ilabllltles 47,899 44,890 Income funds Restrlcted funds UnrestrScted designated funds Unrestricted general funds 47,899 42.127 2,763 47.899 44,890 These financial statements have been prepared In accordanLY with the provisions applicable to companles subject to thè small comp8nles regime. Th8 flnanclal statements were approved by the Trustees on 13 December 2024 Brendan Patterson Trustee Company Reglstratlon No. N1043674 11
COLERAINE SURE START PARTNERSHIP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash Ilows from opèrating aetivitles Cash generated from operations 19 2,552 6,538 Invèsting activities Purchase of tangible fixed assets (4.949) (4.617) Net cash used In Investlng a¢tlvltles (4,949) (4.617) Net cash used In flnanclng actlvltles Net {decrease)Ilncrease In cash and cash equlvalents (2,39n 1,921 Cash and cash equlvalents at beglnnlng of year 36,933 35,012 Cash and cash equivalents at end of year 34,536 36,933 12-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ourtting pollcles Charlty Infomiatlon Coleraine Sur8 Start Partnershlp is a private company limite(I by guarantee incorporated in Northem Iland. The registered offic8 is 34c Soclety StreeL Coleralne, Co Londondery, BT52 1L 1.1 Accountlng conventlon The financial statemenls have been wepared in accordance with the charity's Memorandum and Artldgs of Association. the Companles Act 2006 and 'Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporbng Stsndard applicable in the UK and Republic of Ir81and (FRS 102) (effective 1 January 2019). The charity is a Publlc Beneflt Enttty as deflned by FRS 102. The financial statements are prepared in sterling, which is the fiJnclional currency of the charity. Monetary amounts in these financlal statements are rounded to thg nearest £. The prfnclpal a¢¢ountlng pollcies adopted are set out below. 1.2 Golng concern At the tlme of approving the financial $tatements. the trustees have a reasonable expeclation that the charlty h8s adequate resources to continue in operalional exist8nce for the forese&able future. Thus the trust88S continue to adopt the golng concem basi5 of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretlon of the tDJstees In furtheranc8 of their charitable obJectives. Deslgnated funds comprise funds which hav8 been set aside at th8 discrellon of the trustees for speclflc purposes. The purposes and uses of the designated funds are set out in the notes to th8 financial ststsments. Restrlcted lunds S subject lo specrfic condsiions by donors or granlors 8S to how they may be used. The purposes and uses of the restricted lunds are set Olrt in the notes to the financial statements. 1.4 Income All Incomlng resources a included in the statement of financial activities wh8n the charity is entitled to th8 Income and the amount can be quantifigd wth reasonable accuracy and there is sufficient Gertainty that recelpt of the Income is considered probabba. The following specific policies are applied lo particular Categories of income. Income from charitable activities includes income recognised as eamed (as the related goods or services are provlded) under contract or where entitlemenl lo grant fvnding is subject to specific performance conditions. Grant income included in this category provides fundlng to support programme actlvitles and Is recognlsed Whe the entitlement. certainty of receipt and amount can be measured wlth sufficlent rellablllty. 1.5 Expendlture Expenditur8 is recognised on an accruals basis as a liability is ncurred. Funding provlded through contractual agreements and perfomance related grants are COgnised as goods and services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidabl8. 13-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Contlnu¢d> 1.6 Tanglblg fixed assèts Tangible fixed assets are Inltially measur8d at cost and subsequenty measured at cost or valuallon. net of depreclatlon and any impaimient losses. Depredatlon Is recognlsed so as to vKite off the cost or valuation of assels less th8ir residual values over thelr useful lives on the following bases: Improvements to Propety Offlce Equipment Flxtures and fittings Computer Equlpment 4% stralght Ilne 20% straight line 15% straighl line 25% straight line The galn or loss arlslng on the disposal of an asset is determined as the difference been the sale praceeds and the carylng value of the asset. and is reGogni5ed in the statement of financial activlties. 1.7 Impalrnient of flxod assets At each reporting end date. the charity reviews the carying amounts of its tsngible assets to detemilne whèthér th8r8 is any Indication Ihat Ihose assets have suffered an Irnpairment loss. If any such indication axisls, the recoverable amount of Ihe asset is estimated in order to det8mine the extent of the impairment loss (if any). 1.8 Cash and cash equfvalonts Cash and cash equivalents incde cash in hand, deposits held 8t call with banks, other short-temi Ilquld Investments with original maturities of three Mth5 or less, and bank overdrafts. Bank overdrafts are shown wlthin borroviings in current liabilities. 1.9 Flnanclal Inslrumonts The charity has elected to apply the provisions of Sedion 11 'Baslc Flnancial Instruments. and Secllon 12 'Other Flnanclal Instruments Issues. of FRS 102 to all of its finanaal instruments. Flnandal Instruments arè recognised in the charity's balance sheet vthen the charity becomes paty to the contractual provlslons of the instrument. Flnanclal assets and liabilili8s are offset, with the net amounts presented in the finan¢lal statements. when there Is a legally enforceable right to set off the recognised amounts and there is an intentlon to Betue on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets. whlch Indude debtors and cash and bank balances. a initialty measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constltutes a financing transaction, where the Iransaotion is m8asured at the present value of the future receipts discounted at a market rate of Interest. Financial a55els classrfied as re¢eivable within one year are not amortised. 14-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {Contlnued) Baslc flnanclal Ilabllltles Basic financial liabilitie5, includmig credltors and bank loans are Inltially recognlsed at transactlon price unless the arrangement conslitutes a financing transaction. where the debt instrument is measured at the present value of the fijture payments discountéd at a market ratè of Interest Flnanclal Ilabllilles classlfied as payable wilhln one year are not amortised. Debt Instruments are subsequently carried at amortised cost uslng the effective interest rate method. Trade creditors are obligations to pay for goods or s8tvic8s that have bean acqulred In the ordinary course of operatlons from suppliers. Arnounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presgnled as non-current liabilities. Trade creditors are recogni59d initially at transaction price and subsequenlly measured at am¢)rtised cost using the effective interest method. Dèrecognitian of >Vnanclal Ilabllltles Flnanclal liabilities are derecognised when the charitys contractual obligatlons explre or are discharged or cancelled. 1.10 Employoo boneflts The cost of any unused holiday entltlement 18 recognlsed In the period In whldi the employ88's seprflces are recelved. Temlnatlon benefrts are recognised Immedlatety as an expense when the charlty Is demonstrably commltted to terminate the employment of an employ88 or to provlde temilnatlon beneflts. 1.11 Ratlrement beneftts Payments to defined contrtbullon retlrement benefit schemes a charged as an expense as they fall due. Crlllcal accountlng estlmat•s and Judgemonts In the appllcatlon of the charity's accounting policies. th8 trustees 8r8 required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estlmates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual re$ult$ may drffer from these estimatss. The estimates and underlylng assumptions are reviewed on an ongoing basis. Revision5 to a¢¢ounting eslimales are recognised In the period in which the estirnate is revised where the revision affects only that period, or in the period of the revision and future period5 where the revision affects both current and future perlods. Charltsble actlvltles Restrieièd funds Restricted funds 2024 2023 Grant funding 1,105,267 1.100,075 15-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charftablg actlvltles 2024 2023 Staff costs Depreclatlon and Impalmient Focus on Famlly Causeway Women's Ald Harpurs Hill Children and Family Centre West Bann ,Portrush Resource5 Heallh Visitors Tralning costs Other charitable 8xpanditur8 328,641 5,513 140,310 70,968 340,305 62,657 7.167 326,217 5,123 129.778 62,584 334,588 60,731 17,760 3,621 14.078 15.074 3,834 16,785 976,180 969,534 Share of support costs (see note 5) Share of govemance costs (see note 5) 119,281 6,798 123.603 6.168 1,102,259 1.099,305 Analysls by fund D8signat8d fvnds Restdcted funds 5,513 5,123 1,096,746 1.094,182 1,102,259 1,099,305 Support ¢ost5 allouted to actlvltles 2024 2023 Rent Heat and Light Ststionery. Advertising & Programme Development Telephone,poslage and travel General and Subscriptions Bank fees Insurance Rates Consultancy costs Repairs and Malntenance Govemance costs 31,600 8,777 36,287 18,309 8,612 381 4727 830 30.857 8.622 38.043 19,476 8,627 360 4.168 665 370 12,415 6,168 9,758 6,798 126,079 129,771 Analysed between: Charitable aciivÉties 126.079 129,771 16-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Not movement In funds 2024 2023 The net movement In funds is stated after chargingl{creditlng}: Fees payable for the audit of the charitys financlal statements Depredatlon of owned tsngible fixed assets 4,920 5,513 4,440 5,123 Trustees None of the trustees (or any persons connected vAth them) recelved any remuneratlon or benafits from the Charity dunng the year. Employoos The average monthly number of employees during the year V6. 2024 Numbor 2023 Number 15 17 Employment costs 2024 2023 Wages and salaries Social security costs Olher penslon costs 296,466 23,337 8,838 295,434 22,470 8,313 328,641 326,217 Thero were no employees whose annuai remuneration wa5 more than £60.000. Taxatlon The company is a Charity (Charity No. XR53692) and is recognised as such by HM Revenue & Customs for taxatlon purposes. As a result there Is no liability to taxation on any of its incom8. The charity is exempt from taxation on its activities because all ils income is applled for charitable purposes. 17-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Tangible Ilxed assets Improvem•nts to Prop•ity Offic• Flxlvr•s and Equlpm•nt fittlngs Compul•r Equlpm•nt T¢)t•l Cost At 1 April 2023 Additions Dlsposals 142.166 42.749 14.947 40,599 4,001 {400) 240,461 4,949 (400) At 31 March 2024 142,166 43,697 14.947 44.200 245.010 Depreclatlon and Impalrn)•nt At 1 April 2023 Depreciation charged in the year Ellmlnat8d in respect of disposals 142.166 39,159 1,175 12,708 467 32.353 3.871 (400) 226,386 5,513 (400) At 31 March 2024 142,166 40,334 13.175 35.824 231,499 Carrying amount Al 31 March 2024 3,363 1,772 8.376 13.511 At 31 March 2023 3,590 2,239 8,247 14,076 11 Debtors 2024 2023 Amounts falllng duè wlthln one year: Trade debtors Prepayments and accrued Income 198 7,738 8,514 8,514 7.936 12 Other credltors falllng due wlthln one year 2024 2023 Accruals and deferred income 8,662 14,055 13 Rerement beneflt schemes 2024 2023 Defflngd contrlbutlon schemes Charge to profil or loss in respect of defined contribut*Jn schemes 17,676 16,626 The charity operates a deffined contribution pension stheme for all qualifying employ8es. The assets of the scheme are held separately from those of the tharity in an independently admlnistered fund. 18-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Analysls of net assets between funds Endowment funds deslgnated 2024 Restricted funds Total 2024 2024 At 31 March 2024: Tangible assets Current ass8tsllliabilities) 13,511 37,139 13,511 34,388 (2,751) (2,751) 50,650 47,899 Per balance sheet Balance to allo¢ate 47,899 {2.751) 47,899 2,751 Endowmont funds deslgnaled 2023 Rostricted funds Total 2023 2023 At 31 March 2023: Tangible assets Current assetsl{liablllUes) 14.076 28,051 14,076 30,814 2,763 2.763 42.127 44.890 I S Flnanelal commitments. guarantses and contlngent Ilabllltles Certain grant5 received and receivable may become repayable to the funder If the Charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies, it is not possible to quantify the Potential effect or give an indlcation of timlng as to the Ilabilitl8S that may aris8. 16 Events after tho reporting dato There were no events sin¢e the balance sheet date that would require adjustment or disclosu in the financial statements. 17 Rolatgd party transactlons There were no disdosable related paty transactions during the year (2023- none). 18 Auditors, Ethi¢al Standards In common with many organisations of our size and nature we use (r auditors to asslst with the compilation of the statutory financial statements. 19-
COLERAINE SURE START PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Cash generated from operatlons 2024 2023 Surplus for the year 3,008 770 Adjustments IOT: Depreclation and Impalmient of tangible ftxed assets 5,513 5,123 Movements In worklng capltal: (Increase) In debtors {Decrease)lincrease in creditors (576) {5.393) (2,764) 3,409 Cash gen¢rated from oparatlons 2,552 6,538 20 Analysls of changes In net funds Th8 charity had no Material debt during the year. -20-