Charity registration number NIC100644
Company registrdtion number N1041705 (Northern Ireland)
LIFESTART FOUNDATION UMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 PIARCH 2023

LIFESTART FOUNDATION LIMITED
CONTENTS
Page
Charty Information
Trustees, report
Independent examinerfs report
Slatement of financial activities
Balance sheet
10-11
Notes to the financial statements
12-27

LIFESTART FOUNDATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Patrick Durkan (Chairperson)
Ursula Birthistle
Maire McReynolds
Mairead Wrynn
Dr Eileen Dohety
Maureen Heatherington
(Appointed 25 May 2023)
(Appointed 28 July 2023)
Secretary
Dr Pauline Mcclenaghan
(Appointed 25 October 2023)
Charity number
NIC100644
Company number
N1041705
Reglstered office
2 Springrobth House
Ballinska Road
Springtown Industrial Estate
Dery-Londonderry
BT48 OGG
Independent examiner
Moore {Nl) LLP
21123 Clarendon Street
DerylLondondery
BT48 7EP
Bankers
Bank of Ireland
27 Culmore Road
Londonderry
BT48 8JB
Solicltors
Walter Hegarty Solicitor
4 Queen Street
Dery-Londondery
BT48 7EF

LIFESTART FOUNDATION LIMITED
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 ststements and comply with the charty's [goveming document], the Companies Act 2006 and "Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities prèparing their accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)"
(effective 1 January 2019).
Objectives and actfvities
The purpose of the company is to produce better child development outcomes by making available to parents
evIden￿-baSed knowledge and information on how young children develop and learn and supporting parents in the
use of this information in their parenting practice. The purpose is implemented through the delivery of the Growing
Child, an evidence-base child development programme specifically designed for parents delivered through a home
visiting service and other groupbased parents'ng programmes derived from the Growng Child.
The Board of the Lifestart Foundats"on in collaboration with Foundation staff review the organisation's aims,
objectives and activities each year to ensure that they remain focused on our stated purposes.
Our main objectives over the year have been to.
continue to implement our mission to improve child outcomes by educating and supporting parents in their
parenting role
continue to deliver local parenting support seniices aimed at improving child development outcomes
deliver on service and tender contracts we hold with Northem Ireland Health and Social Care Trusts
continue to train and quality assure Lifestart delivery staff N%therever they are Ivorking to ensure that parents
always receive a top quality Lifestsrt service
continue to deliver the group Smile Baby programme designed to meet the needs of parents and children
affected by the Covid-19 pandemic and its aftemiath
work to ensure the sustainability and resilience of the Lrfestart Foundation into the future by implementing
the organisation's Succession Plan
acquire the resources needed to continue the Foundation's core work
review and update the Growing Child Programme
support other organisats'ons throughout the island of Ireland and elsewhere to deliver the Lifestart Growing
Child Programme and Home Visiting Seriice
work wth other organisations to promote the important role of home visiting and home-base pa￿ntIng
support to improving outcomes for children
continue to strive to positively influence public policy in the interests of children and their families
Who uses and benefits from the services of the Cha
Intemational ￿search dearty demonstrates that good at-home parenting and a good home learning environment
are central to ensunng good outcomes for children and that compromised parenting, whatever its cause, is a very
serious child development risk factor. We in the Lifestart Foundation aim to provide parents of young children with
high quality well-researched and up-t(>date support relevant and appropriate to their needs as their children grow
and develop. The beneficiaries of our work are parents and children. particularty the more vulnerable and, through
them, the wider communty and society. In this respect, the purpose of the Lrfestart charity fulfils the requirements
of the Charities Commission.
The Trustees have paid due regard to guidan￿ issued by the Charity Commission for Northern Ireland in deciding
what activities the charity should undertake.

LIFESTART FOUNDATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance
Over the last 12 months Lifestart Foundation staff have delivered 1,800 home visits and 26 group-based parenting
programmes supporting in total just under 1,000 families in Northern Ireland. The Foundation has also supported
the work of other organisations delivering Lifestart Services to a further 3,000 parents and children.
The Foundation has continued to meet its contractual obligations to the Westem Health and Social Care Twst and
to the SoLrth*astem Health and Social Care Trust, delivering the home visiting service to families on the Ards
peninsula and in Nevrtownards. County Dovm and in Counties DerrylLondondery, Femanagh and Tyrone.
Throughout the year we continued to receive referrals to the service in the WNSCT area relating to high
vulnerable families on the Child Protection Register or on the edge of chIld￿n protection. With the agreement of the
Trust we began this year to accept referrals for Level 2 families from heamh visitors as well as from social workers,
and the number of referrals received throughout the year has increased. Our stsff report back to Trust professionals,
attend family case conferences and review meets'ngs, make regular presentations to professional stsff teams on our
work and host site visits by social work and health visiting students which helps to increase awareness of the
service and its beneficial impact on parents and children.
INe also delivered the home visiti'ng service to parents of children 8t risk of adverse childhood experiences (ACES)
in both the Western and the Southem Health and Social Care Trust areas funded through a tender with the EU
funded Cross-border MACE Project. The MACE project ended in March 2023 and the Lifestart team was
congratulated by representatives of both Trusts on their important contribution to the Project. An impact measure
developed in collaboration wth the South*astem Trust was piloted with the PMCE families and was subsequently
adopted for use to measure the impact of the Lifestart programme with all families receiving the home visiting
seNice. Results indicate that all parents receiving the home visiting service feel the service has helped them in their
parenting role, 970h that it increased their awareness of key child development issues, 970￿ that it helped them to
bond with their child, 1 Ootsh that it improved parenvchild communication. 970A that it enabled them to shape their
Child's behaviour and to promote Child selfosteem and 92% that rt helped them to promote child empathy.
As well as individual support provided through the home visiting servi￿, Y￿ delivered a further 26 groupbased
post-covid parenting programmes. The 'Smile Baby Programme. is funded by the RTE Toy Show Fund, managed in
Northern Ireland by the Community Foundation which has agreed an extension to the project until March 2024.
Parents who have participated in the Smile Baby Programme indicated their appreciation of the opportunity to meet
in groups, to articulate and discuss their pa￿ntIng issues and concems, to leam more about child development and
to gain advi￿ and support. Feedback on the programme has been excellent and demand among parents
continues to be high.
In the course of the year we acquired funds from the Big Lottery Awards for All for the Bump, Baby and Beyond
Project aimed at training and equipping our staff to deliver 'Doula' informed services to new and expectant parents.
Our staff have applied what they have leamed through the Doula training in the delivery of Lifestart Programmes
and Services and will in the coming year be working to develop a new Bump. Baby and Beyond groU￿baSed
parenting programme.
Through the delivery of our group parenting programmes we have cemented good vrforking relationships with the
many organisations that have hosted our programmes, induding Eglinton Community Hall, Homestart Ards, Oak
Healthy Living, Surestart Cookstovm. Curyneiran Community Centre, Oasis Antrim Community Hub, Strabane
Surestart, Surestsrt Magheraelt. Omagh County Primary School. Shepherd's View, Support 2gether, Omagh
Communty House, Dry Arch Surestart, NeWtO￿lar￿$ Surestart, East Belfast Surestart, Colin Glen Library,
Ballybeen Women's Centre, Rainbow Early Years Centre. LAST Sure Slart, NCB and the Rural Community
Nehvork.
Lifestsrt staff members continue to be actively involved in strategic networks and systems at Local, Regional,
National, European and intemational levels, and continue to partiupate in and present at national and international
conferences on the role of Lifestart in supporting parents and improving child outcomes. This year we were
rep￿sented at number of relevant on-line events.
The Lrfestart Foundation and its partners continue to act to Influen￿ poliry on children and families in Ireland, the
UK and Europe. We remain an active member of Eurochild, The CRNINI (Children's Research Netriork Ireland and
Nl), the Prevention and Early Intervention Ne￿rk (PEIN), the Earty Intervention Foundation, The Early Years
Advisory Group, the Parenting Network, Children's Rights Alliance. Early Childhood Ireland and the Trauma
Informed Cross Border Netsyork.

LIFESTART FOUNDATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
As a founding member of the Home Visiting Alliance. we worked with partners in the Alliance this year to run a
series of information and training webinars for Alliance member staff and commissioned a Feasibilty Study of Home
Visiting in Ireland. The Feasibility Study viill be officially launched at the PEIN {Prevention and Eady Intervention
Ne￿ork) national conference in September of this year. The Foundation is also providing evidence to a study being
conducted by the UNITES Team at Maynooth University on home visiting in Ireland. This research has been
commissioned by the Department of Children, Equalty, Disability. Integration and Youth (DCED1￿ with the goal of
developing standardised approaches to home vistbng in Ireland.
Finally, this year we have begun to Implement, through funding from Dormant Accounts Nl, the Foundation's
Succession Plan aimed at ensuring that the Lifestart Foundation has the leadèfship and govemance structure that
wlll sustsin and develop the organisation into the future. To oversee the implementation of the plan we appointed an
Interim Manager whose duties include: revievllng the statement of responsibilitses of board members and office
bearer roles. induction procedures and govemance handbook., managing the Gro)Mng Child programme review
process and overseeing the implementation of the recommendations of the Expert Review Panel; reviewing and
updating the Foundation's website, social media p￿SenCe, promotional materials and communications,. working wtth
the Board to draw up a marketing plan for the Growing Chikl materials and to source further funding.
Flnancial revlew
Totsl income for the year was £241,565, of which £192,833 was generated from charitable activities. £13,968 from
donations and legacies and £16,218 from other trading activities. The chanty also received £18,546 in respect of gift
aid payments from Lifestsrt Resources. a trading subsidiary of the charity.
Total expenditure by the charity was £226,843. £216,091 of this was incurred undertaking activities that further our
charitsble aims for the benefft of our beneficiaries. Other costs incurred amounted to £10,752. Other losses in the
amount of £1,878 represent fo￿Ign exchange losses on translation of Euro bank balances to the presentational
currency Pounds Sterting.
The balance on totsl funds at the year-end was £217.229, of which £86,854 were unrestricted, £56.781 were
designated and £73,594 were restricted.
Reserves Policy
The Trustees consider it prudent to hold monies in reserve in the event that unforeseen circumstsnces should lead
to financial difficulties which might put the future of ts employment capacity. general charitsble work and propety in
jeopardy.
The Trustees have examined the tharty's requirements for reseNes in light of the main risks to the organisation
and estsblished a formal policy which stipulates that free reserves be maintained at a level which ensures that the
charity's core activity could continue during a period of unforeseen difficulty. Free reserves are defined by the
Trustees as unrestricted income funds freely available for use as the charity so detemines and thereby excludes
any funds committed, invested in tangible fixed assets held by the charity and restrided or designated funds.
The Trustees, policy is that unrestricted funds Nthich have not been designated for a specific use should be
maintained at a level equivalent to be￿een three and six month's expenditure. The Trustees considers that
reserves at this level will ensure that. in the event of a signrficant drop in funding. they VAII be able to continue the
charity's current activities while consideration is given to ways in which additional funds may be raised. Based on
2022123 expenditure (excluding depreciation) of £224,391 the tsrget level of reserves is £56,100 to £112,200. Free
reserves as at 31 st March 2023 a￿ £85,350. The Trustees continue to strive to build and maintain a general level of
reserves in accordants with the upper level of the target so that they will be able to continue the current activities of
the charity.

LIFESTART FOUNDATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Plans for future periods
Our key priorities in the coming year are to:
Fully implement our Succession Plan
Review and update our Strategic Plan
Draw up a Foundation Marketing Plan
Acquire the resources to develop and deliver the Bump, Baby and Beyond Programme
Draw up and submit a successful Peace Plus Application
Acquire the resources to ensure the continuance and sustainabilty of our work to support parents and
children
Structure, governance and management
Governing document
Lifestart Foundation Limited is a company limited by guarantee and accepted as charitable by HMRC under
reference XR 47557. The company was incorporated on 8th October 2001. The company was established under
Memorandum of Association which established the objects and powers of the company, and is governed by its
Articles of Associats'on. The liability of members is limited in that every member of the company undertakes to
contribute an amount not exceeding £1 in the event of the company being wound up.
The Trustees, who are also the directors for the purpose of company law. and vého senied during the year and up to
the date of signature of the financial statements were:
Patrick Durkan (Chairperson)
Ursula Birthistle
Maire M¢Reynold8
Mary McGowan
Mairead ￿nn
Dr Eileen Dohety
Maureen Heatherington
(Resigned 25 May 2023)
(Appointed 25 May 2023)
(Appointed 28 July 2023)
Recruitment and appointment of the Trustees
Under the requirements of the Memorandum and Artides of Association unless Other￿lSe detemiined by the
company in General Meeting the number of Trustees shall not be less than four. Trustees are elected to serve only
until the next Annual General Meeting at which they shall then be eligible for re-election.
In the financial year there were no thanges to the Board of Trustees. The Board as a whole was approved by the
AGM and continues to monitor its membership.
Rlsk Management
The Trustees are aware of the major risks to which the charity is exposed. Imiere appropriate. systems or
procedures have been established to mitigate the risks the charity faces. Intemal control risks are minimised
through the procedures for authorisation of all transactions and projects. Procedures are in place to ensure
compliance with applicable laws and regulations. These procedures are reviewed periodically to ensure that they
continue to meet the needs of the charity.
Organisation Structure
The Board of Trustees consists of six members who administer the charity. The Trustees are responsible for the
strategic direction and policy of the organisation. The Trustees are from a variety of professional backgrounds
relevant to the work of the charity.
All members of the Board of Trustees give their time voluntarily and receive no beneffts from the charity. Any
expenses redaimed from the charity are set out in the notes to the financial statements.
A scheme of delegation is in place and responsibilty for the provision of services rests viith the Foundation's
Executive Director, who is responsible for the day to day operational management of the charty.

LIFESTART FOUNDATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statement of Trustees. responsibilities
The Trustees. who are also the directors of Lifestart Foundation Limtted for the purpose of company law, are
responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (Untted lfjngdom Generally Accepted Accounting Practice).
Company Law ￿qUireS the Trustees to prepare financial statements for each financial year which give a true and
fair view of the stste of affairs of the charity and of the incoming resources and applicab'on of resources, including
the income and expendrture. of the charitable company for that year.
In preparing these financial statements. the Trustees are required to:
select suitable accounting policies and apply them consistenty;
- observe the methods and prinuples in the Charities SORP;
- make judgements and estimates that are reasonable and pwdent;
stste whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements. and
prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the charity
will continue in operth'on.
The Trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at
any time the financial position of the charty and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charty and hence for taking
reasonable steps for the prevenb'on and detection of fraud and other irregularib'es.
The Trustees, report VAS approved by the Board of Trustees.
Patrick Durkan {Chairperson)
Trustee
15 November 2023

LIFESTART FOUNDATION LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LIFESTART FOUNDATION LIMITED
I report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages 8 to 27.
Respective responsibilities of Trustees and examiner
The trustees, who are also the directors of Lifestart Foundation Limited for the purposes of company law, are
responsible for the preparation of the accourrts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity Is not subject lo audit under company law, and is eligible for independent
examination, it is my responsibilty to-
examine the accounts under section 65 of the Charities Act (Northem Ireland) 2008
(li) follow the procedures laid down in the general directions given by the Charity Commission for Northern
Ireland under section 65(9){b) of the Chartts'es Act
(iii) state whether particular matters have come to our attention.
Basis of independent examinerfs report
I have examined your charity accounts as required under section 65 of the Charitses Act and my examination was
carried out in accordance with the general Directions gNen by the Charty Commission for Northern Ireland under
section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also included consideration of any
unusual items or disdosures in the accounts, and seeking explanats'ons from you as charity trustees conceming
any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe..
1. That accounting records were not kept in accordance wrth section 386 of the Companies Act 2006
2. That the accounts do not accord V￿th those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006
and with the methods and principles of the Charities Statement of Recommended praCts.￿ applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland
4. That there Is further infonnation needed for a proper understanding of the accounts to be reached.
Independent examinerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can
confirm that i am qualified to undertake the examination because l am a registered member of Chartered
Accountants Ireland, which is one of the listed bodies.
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in
connection with following the Directions of the.Charity Commission for Northern Ireland, I have found no matters
that require drawing to your attention.
/lA4￿£) ￿LF
Moore (Nl) LLP
Charte￿d Accountants Ireland
21123 Clarendon Street
DerrylLondondery
BT48 7EP
Dated: 15 November 2023

LIFESTART FOUNDATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Current financial year
Unrestricted Unrestricted Restricted
funds
funds
funds
general designated
2023
2023
Total
Total
2023
2023
2022
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
13,968
77,868
13,968
192,833
18,$46
16,218
19,577
267,652
25,242
15,564
114.965
18,546
16,218
Total income
149,729
91,836
241,S65
328,035
endlture on:
Raising funds
Charitable activities
10.752
140,774
10,752
216,091
10,798
266,073
1,774
73,543
Total expenditure
1S1,526
1,774
73,S43
226.843
276,871
Net (•xpenditure)lincome for the yearl
Net (outgoing)lincomlng resources
(1,797)
(1,774)
18,293
14,722
51,164
Other recognised gains and losses
Other gains or losses
12
1.878
1.878
(2,937)
Net movement in funds
81
(1,774)
18.293
16,600
48,227
Fund balan￿$ at 1 April 2022 as reststed
86,773
58.555
$5,301
200.629
152,402
Fund balances at 31 March 2023
86.854
56.781
73,594
217,229
200.629
The statement of financial activities includes 811 gains and losses recognised in the year.
All income and expenditure derive from conts"nuing actiV￿.es.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

LIFESTART FOUNDATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Prior financial year
restated
Unrestricted Unrestricted Restricted
funds
funds
funds
general designated
2022
2022
Total
2022
2022
Notes
Income and endowments from:
Donations and legacies
Charitable activtties
Investments
Other income
477
89,451
25,242
15,564
19,100
178,201
19,577
267.652
25,242
15,564
Total income
130,734
197,301
328,035
Ex
endlture on:
Raising funds
Charitable activities
10.798
119,799
10,798
266,073
1,774
144,600
Totsl expenditure
130.597
1,774
144,500
276.871
Net {expenditure)lincome for the yearl
Net {outgoing)lincoming resources
137
(1,774)
52,801
51,164
Other recognised gains and losses
other gains or losses
12
(2,937}
(2,937)
Net movement in funds
12,800)
(1,774)
52,801
48.227
Fund balances at 1 April 2021
89,573
60,329
2,500
162,402
Fund balances at 31 March 2022
86,773
58,555
55,301
200,629

LIFESTART FOUNDATION LIMITED
BALANCE SHEET
ASAT31 MARCH 2023
2023
2022
as restated
Notss
Fixed assets
Tangible assets
Investments
13
14
58,185
100
59,567
100
58.285
59,667
Current assets
Debtors
Cash at bank and in hand
15
44,245
118,887
73,521
76,886
163,132
150,407
Creditors: amounts falling due withln
one year
16
14.188
(9,445)
Net current assets
158,944
140,962
Total assets less current liabilities
217.229
200,629
Income funds
Restricted funds
nrestricted funds
Designated funds
General unrestricted funds
19
73,S94
55,301
20
56,781
86,854
58,555
86,773
143.635
145,328
217.229
200,629
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparab.on of financial statements.
The members have not required the company to obtsin an audrt of its financial statements for the year in question
in accordance with section 476.
These financial statements have been prepared in accordan￿ wth the provisions appli(2ble to companies subject
to the small companies regime.
10-

LIFESTART FOUNDATION LIMITED
BALANCE SHEET (CONTINUED)
ASAT31 MARCH 2023
The financial statements were approved by the Trustees on 15 November 2023
Patrick Durkan {Chairperson)
Trustee
Ursula Birthistle
Trustee
Company Registration No. N1041705
11

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
Charty information
Lrfestsrt Foundation Limited is a private company limited by guarantee incorporated in Northem Ireland. The
registered office is 2 Springrowth House. Ballinska Road, Springtown Industrial Estate. Dery-Londonderry,
BT48 OGG.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland- ('FRS 102°) and the Charities
SORP "Accounting and Reporbng by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance wth the Finanaal Repoiling Standard applicable in the UK and
Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefft Entity as defined by
FRS 102.
The charity has tsken a(fvantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flo%Ys.
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 ac£ounts have been prepared under the historical cost convention. The principal accounting policies
adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Twstees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in fijrtherance of thelr charitable
objectives.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to
set aside to use for a specffic purpose.
Restricted funds are subject to specffic 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 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on re￿ipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donab'ons received under GiftAid or deeds of covenant is recognised at the time of the donation.
Turnover from other trading activrties is measured at the fair value of the consideration received or receivable
and represents amounts receivable for serVI￿S provided in the normal course of business.
Dividends are accrued when the charit￿S right to receive payment is established. In the case of a Grft Aid
payment made by a subsidiary, income is accrued when the Gift Aid payment is payatAe to the parent charity
under a legal obligation. Measurement is at the fair value receivable, which will nomalty be the transaction
value. Where no such legal obligation exists, income is recognised on receipt
12-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
(Continued)
1.S Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to make a payment to a third paty, it
is probable that settlement ￿￿1[ be required and the amount of the obligation can be measurèd reliably.
Irrecoverable VAT is charged as a cost against the activty for which the expenditure VRS incurred.
Costs allocated to raising funds represent salaries and wages of stsff providing administrative sepiices to
Lifestart franchisees and assouated costs incurred in providing this service.
Expenditure on charitable actNities indudes the costs of services undertaken to further the purposes of the
charity and their assoaated support costs.
Support costs are those functions that assist the Work of the charty but do not directly undertake charitable
activities. Support costs include back office costs, finance, personnel, payroll and governance costs which
support the charity's programmes and activities.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequenty measured at cost or valuation, net of
depreciation and any Impalm￿nt losses.
Depreciation is recognised so as to vrrite off the cost or valuation of assets le&$ their residual values over their
useful lives on the following bases:
Freehold land and buildings
Fixtures and fith'ngs
2% p.a. straight line
250A p.a. straight line
The gain or loss arising on the disposal of an asset is determined as the difference behveen the sale prO￿edS
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Flxed asset investments
Fixed asset investments are initialty measured at transaction price exduding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as InC￿rred.
A subsidiary is an entty controlled by the charrty. Control is the power to govem the financial and operating
policies of the entity so as to obtain benefits from its activities.
Payments by subsidiaries to the charity that qualfy for gfft aid are recognised as distributions to owners. The
charty recognises gift aid payments on receipt unless the subsidiary has a legal obligation to distribute profits
to its oNvners at the reporting date.
1.8 Impaimient of fixed assets
At each reporting end date. the charity reviews the carrying amounts of its tangible assets to detemiine
whether there is any indication that those assets have sUffe￿d an impainnent loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to detennine the extent of the impaimient
loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalents indude cash in hand and bank overdrafts. Bank overdrafts are shovm within
borrowings in current liabilities.
13-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
(Continued)
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charlty becomes paty to the
contractual provisions of the instrumenL
Finanaal assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the a&8et and settle the liability simultaneously.
Basic financlal assets
Basic financial assets, which include debtors and cash 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 at the present value of the future receipts discounted at a market rate of interest. Financial assets
dassified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including tteditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the futu￿ payments discounted at a market rate of interest. Financial liabilities classified as payable
wilhin one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade c￿ditorS are obllgations to pay for goods or seNices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classtfied as current liabilities if payment is due within one
year or less. If not, they are presented as n0n-cu￿ent liabilities. Trade creditors are recognised initially at
transaction price and subsequenty measured at amortised cost using the effectNe interest method.
Derecognition of financial liabilRies
Financial liabilities are derecognised wtten the charitys contractual obligations expire or are discharged or
cancelled.
1.11 Taxation
The company is a charity and is recognised as such by HM Revenue & Customs under the charity tsx
reference XR 47557. As a result there is no liability to taxation on any of its income.
1.12 Employee beneffts
The cost of any unused holiday entitlement is recognised in the period in which the employee's Services are
received.
Tennination beneffts are recognised immediatety as an expense when the charity is demonstrably committed
to temiinate the employment of an employee or to provide terniinats'on beneffts.
1.13 Retirement benefrts
Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due.
14-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Critical accounting estimates and judgements
In the applicatton of the charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilib.es that are not readily apparent
from other sources. The estimates and assoaated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised vthere the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donations and legacies
Unrestricted Restrlcted
funds
funds
generdl
2023
Total Unrestricted Restricted
funds
funds
general
2022
Total
2023
2023
2022
2022
Donats'on$ and gtfts
13,968
13,968
477
19.100
19,577
Donations and glfts
NIE Electric
Halifax Foundation
St James, Place
Ulster Bank Staff
Danske Bank Charrty
Esme Mitchell
Lifestart Resources
Souter Charitable Trust
The TBF and KL
Thompson Trust
WDH Wlllis
Other
1,010
6,000
2,458
1.010
6,000
2,458
5,000
5,000
2.000
2,000
3,000
2,500
2,500
5,000
2,500
2,500
5,000
1,000
500
600
1,000
500
1,077
1.500
1,500
477
13,968
13,968
477
19,100
19,577
15-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitable activities
restated
2022
2023
Services provided under contract
Grant funding
114,965
77,868
89.451
178,201
192,833
267,652
Analysis by fund
Unrestricted funds - general
Restricted funds
114,965
77.868
89,451
178,201
192.833
267,652
Analysls of grant funding
The National Lottery Cornmunty Fund - Dormant Accounts Fund
Community Fund
SEUPB- SOOC
RTEICommunity Foundation - Smile Baby project
69,868
8,000
124,715
53,488
77.868
178,201
Investments
Unrestricted Unrestricted
funds
funds
genernl
general
2023
2022
Gift aid payment from subsidiary
Interest receivable
18,446
100
25,242
18,546
25,242
16-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Other income
Unrestricted Unrestricted
funds
funds
general
general
2023
2022
Provision of administrative services
Rental income
10,752
5,466
10,798
4,766
16,218
15,564
Raising funds
Unrestricted Unrestricted
funds
fvnds
general
general
2023
2022
Provision of administration services
offi￿ costs
staff costs
7.152
3,600
7,148
3.650
10,752
10,798
Costs allocated to raising funds represents salaries and wages of staff providing administrative services to
Lifestart franchisees and associated costs incurred in providing this service.
17-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitable activities
restated
2022
2023
staff costs
Depreciation and impairment
Conference and training costs
Rent and rates
Insurance
Heat. light and power
Repairs and maintenance
Printing, postage and stationery
Materials and resources
Advertising
Telephone
Software support
Travel and subsistence
Legal and professional fees
Accountancy fees
Other charitsble expenditure
131,415
2,452
14,217
4,780
3.276
4.702
677
493
9,112
6,703
2.819
4,432
18,286
5,814
2,400
4,513
191.305
2,443
14,576
4,500
4,099
6,678
1,110
2,447
9,055
1.366
4,664
5,866
7,270
7,160
1,560
1,974
216.091
266,073
Analysls by fund
Unrestricted funds- general
Unrestricted funds - designated
Restricted funds
140,774
1,774
73,543
119,799
1,774
144,500
216,091
266,073
Trustees
None of the Tnjstees (or any persons conneded with them) received any remuneration during the year {2022-
no reimbursement of expenses or remuneration).
10 Employees
The average monthly number of employees during the year was:
2023
Number
2022
Number
18-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
10 Employees
(Continued
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
122,628
10,953
1.434
177,745
14.780
2,430
135,015
194,955
There V￿re no employees whose annual remuneration was more than £60,000.
11 Taxatlon
The tharity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
12 Other gains or losses
Unrestricted Unrestricted
funds
fvnds
general
general
2023
2022
Foreign exchange gains
(1,878)
2,937
13 Tangible fixed assets
Free1￿Id land Fixtures and
•rKI bullding8
fittin95
Totsl
Cost
At 1 April 2022
Additions
88,718
63.756
1,070
152,474
1.070
At 31 March 2023
88,718
64,826
153,544
Depreciation and impairment
At 1 April 2022
Depreciation charged in the year
30,164
1,774
62.743
678
92.907
2.452
At 31 March 2023
31,938
63,421
95,359
Carrying amount
At 31 March 2023
56.780
1,405
58,185
At 31 March 2022
58.554
1,013
59,567
19-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
13 Tangible fixed assets
(Continued)
Land and Buildings relate solely to propety at 11A Flax Street. Belfast, originally purchased by Lifestart
Ardoyne Co. Ltd, partly financed by the Big Lottery funding on 1911212003. The property was subsequently
transferred to Lifestart Foundation Limited on 2410812007 for nil consideration. Lifestsrt Foundation Limited is
responsible for the maintenance and upkeep of the propety, with direct oymership and control rnaintained by
the Big Lottery Fund.
14 Fixed asset investments
Other
Investments
Cost or valuation
At 1 April 2022 & 31 March 2023
100
Carrylng amount
At 31 March 2023
100
At 31 March 2022
100
2023
2022
Other investments comprise".
Notes
Investments in subsidiaries
24
100
100
15 Debtors
2023
2022
Amounts falling due wtthin one year:
Amounts owed by subsidiary undertakings
Other debtors
7,269
36.986
1,937
71,584
44.245
73,521
16 Creditors: amounts falling due within one year
2023
2022
Notes
Bank overdrafts
Accruals
17
7,045
2.400
4,188
4,188
9,445
-20-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
17 Loans and overdrafts
2023
2022
Bank overdrafts
7,045
Payable wtthin one year
7,045
18 Retirement benefit schemes
Deflned contributlon schemes
The charity operates a defined contribLrtion pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
The charge to profft or loss in respect of defined contribution sthemes was £1.434 (2022 - £2,430).
-21

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
19 Restricted funds
The income fvnds of the charity indude restrided funds comprising the foElowing unexpended balances of donations and
Movement in funds
restated
Balance at
1 April 2021
Incoming
resources
Resources
expended 1 A,.
SEUPB- SOOC
RTEICommunity Foundation - Smile Baby project
The National Lottery Community Fund - DormantAccounts Fund
Community Fund
8ig Lottery Fund rriny Life)
St James, Place
Halifax Foundation
Souter Charitable Trust
TBF & KL Thompson Trust
Black Santa
Ulster Bank Staff
Esme Mitchell
WDH Wlllis
Danske Bank Charity
NIE Electric
Hedley
Enkalon Foundation
124,715
53,486
(124,7151
(3,185)
2,500
{2,500)
(2,500)
(5,000}
(5,0001
(1,000)
(600)
2,500
5,000
5,000
1,000
600
2,000
2,500
500
2,500
286,752
(211,910)

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
19 Restricted funds
Nature of material restricted funds
SEUPB - SOOC
Funding for the Peace IV, Building Positive Relations - SOOC (Shaping Ourselves and Our Children).. Building the foun(
project. Funding provided indudes budgets for staff costs. office and administrabon costs, external expertise and service
RTEICommunity Foundation funded project (Smile Baby)
Funding to provide a post-covid programme for the parents of chiklren bom immediately prior to or during the pandemic.
The Natlonal Lottery Community Fund - Dormant Accounts Fund
Funding to implement the Lifestart Foundation Succession Plan.
Community Fund
Funding to provide training and resources to family visrtors and to provide Doula services.
Hallfax Foundation
Funding towards office rent and utilities costs.
Souter Charitable Trust
Funding towards the cost of printing Growing Child booklets.

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
20 Designated funds
The income fiJnds of the chaiity indude the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific purposes..
Balance at
1 April 2021
Resources
Balance at
expended 1 April 2022
Resources
Balance at
expended 31 March 2023
Designated propety assets fund
60,329
(1,774)
58.555
(1,774)
56,781
60,329
(1,774)
58,S55
(1,774)
56,781
Designated funds represents the propety at 11A Flax Street, Belfast transferred to Lrfestart Foundation
Limited in 2007 as disclosed within note 13. The designated funds balance is equivalent to the depreciated
historic cost of the propety. A sum equivalent to the depreciation charge on the building will be allocated each
year to the designated fund. unts'l rt is fvlly amortised.
-24-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
21 Analysis of net assets between funds
Unrestricted Unrestricted Restricted
funds-
funds-
funds
general designated
2023
2023
Total Unresl
2023
2023
Fund balances at 31 March 2023 are represented
by..
Tangible assets
Investments
Current assetsl(liabilities)
56.781
58,185
100
158,944
100
85,350
73,594
86,854
56,781
73,594
217.229

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
22 Financial commitments. guarantees and contingent liabilities
Certain grants received and receivable may become repayable to the funder rf the charty is no longer able to
meet the conditions under which they were awarded. Due to the nature of these contingencies it may not be
possible to quantify the potential financial effect or give an indication of the timing as to the liabilities that may
arise.
23 Related party transactlons
Remuneration of key management peysonnel
The remunerats'on of key management personnel is as follows.
2023
2022
Aggregate compensation
62,203
60,660
Transactions with related parties
The charity owns 100% of the issued share capital in Lifestart RvJources Ltd. During the year, the Charity
entered into the following transactions with Lrfestart Resources Ltd..
Provision of management services amounting to £10.752 (2022.. £10,798). Of this amount, £3,546
remains outstanding at the year end (2022.. £1,93n',
Gift aid payment from Lifestart Resources in the amount of £18,446 (2022.. £25,242).,
other related party transactions
During the year the charity continued to rent office premises at. a commercial rate from Springrowth
Developments Limited, an entty under the control of Patrick Durkan, member of the board of Trustees.
Rentals of £6,000 were paid in the year (2022: £5.700). No amounts were outstsnding at the year end.
-26-

LIFESTART FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
24 Subsidiaries
These financial statements are separate charity finanaal statements for Lifestart Foundation Limited.
The group is qualffies as a small group under the Companies Act 2006 and as such, the Trustees have
chosen to avail of the exemption from preparing consolidated accounts. Individual parent and subsidiary
company financial statements are prepared for each financial year as required by company law.
Details of the charity's subsidiaries at 31 March 2023 are as follows:
Name of undertaklng
Registered
office
Nature of business
Class of
°A Held
shares held Direct Indirect
Lifestart Resources Limited Northern Ireland Provision of training. qualty Ordinary
assurance and programme
shares
materials
100.00
25 Funds received as an agent
Lifestart Foundation Limited is the lead partner in respect of SOOC (Shaping Ourselves and Our Children)..
Building the foundations of good community relations in faTnily life Project administered by the SEUPB. At the
beginning of the year, the eharity held no undistributed funds in respect of the SOOC project (restatedl. During
the year, the charity received incoming resources on behalf of partner charitable organisations amounting to
£13,910 (2022: £2,640) and distributed £11,747 (2022: £2,696) to these partners as instructed by SEUPB. At
the balance sheet date, the charity held £2.163 (2022: £nil) in relation to undistributed funds.
The charity is legally bound to pay the fijnds over to third parties and has no responsibility for their ultimate
application. Accordingly, these amounts have not been reflected in the financial ststements for the year in
accordance vdith the treatment recommended by the Statement of Recommended Practice 'Accounting and
Reporting by Charities.. Therefo￿ at the year end, the charity has £2,163 in cash and liabilities additional to
the amounts disdosed in the financial statements.
26 Comparatlve figures
Comparative figures have been restated in respect of some items of income and expenditure originally
reported within restricted funds, to reclassrfy these transactions within unrestricted general funds. This is to
more accurately reflect the reporting of the transactions in accordance with their associated terms and
conditions. There has been no change to previousty reported net movernent in fvnds or total charity funds as a
result of these changes.
-27-