Charity registration number NIC100644 (Northern Ireland) Company registration number N1041705 UFESTART FOUNDATION UMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PIARCH 2025 LIFESTART FOUNDATION LIMITED CONTENTS Page Legal and administrative infomiation Trustees, report Independent examinerfs reFQrt statement of financial activities Balance sheet Notes to the financial statements 10-22 LIFESTART FOUNDATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Patrick Durkan {Chairperson) Ursula Birthistle Mairead Wrynn Dr Eileen Doherty Maureen Hetherington Secretary Dr Pauline Mcclenaghan Charity number {Northern Ireland) NIC100644 Company number N1041705 Registered office 5 Springrowth House Ballinska Road sprtngtONN￿ Industrial Estate Derry￿0nd0nderry BT48 OGG Independent examiner Mwre (Nl) LLP 21r23 Clarerrflon Street DerrylLondorKlerry BT48 7EP Bankers Bank of Ireland 27 Culmore Road DerrylLondorKlerry BT48 Solicitors Walter Hegaty Solifitor 4 Queen Street Dery-Londonderry BT48 7EF LIFESTART FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in acccrdance with the accounting p)licies set out in note 1 to the financial statements and compty wth the charitys governing documen( the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities SORP "AccountirKJ and Reporting by Charites: Statement of Recommended Practs.￿ applicable to charities preparing their acwunts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" Objectives and activities The purpose of the company is to produce tetter child development outcomes by making available to parents eViden￿-baSed knowfedge and infomiation on how young children develop and leam and by SUPFX)rting parents in the use of this information in their parentirKJ practice. The purpose is implemented through the delwery of the Growing Child, an eVIden￿baSe Child development programme specifically designed for parents delNered through a home visiting service and other groupbased parenting programmes derived from the Growng Child. The Board of the Lifestart Foundation in collaboration with Foundation staff rewew the organisation's aims, objectives and actNities 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 oUt￿meS by educating and supporting parents in their parenting role continue to deliver local parenting support services aimed at improving child development outcomes deliver on seNice and tender contracts we hold with Northern Ireland Heatth and So¢tal Care Trusts continue to train and qualÉty assure ￿festart delivery staff ￿ereVer they are working to ensure that parents a￿ayS receive a top qualty Lrfestart servi Deliver the pilot groupbased parenting programme Bump Baby and Beyond designed to meet the needs of parents and Children affected by traumatic birth experiences ensure the sustainabilty and resilience of the Lrfestart Foundation by complettng the implementation of the organisation's Succession Plan acquire the resources needed to wntinue the Foundation's core work complete the review and upjate of the Growirg Child Prcgramme support other organisations throughout the islarKI of IreIarKI arKI elsvAthere to deliver the Lrfestart Growing Chihl Programme and Home VisÈtÈng Selvice work wth other organi8ations to promote the imp)rtant role of home visiknng and home-base parenting support to improve out¢omes for children Continue to strive to positively influence public policy in the interests of children and their frdmilies Who uses and beneffts from the Se￿1￿ of the Cha Intemational researth cleady demonstrates that goctya at-home parenting arKI a go￿1 home leaming environment are central to ensuring 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 parerts of young children with high qualty well-researched and upto4ate support relevant and appropriate to their needs as their children grow and develop. The beneficiaries of our Work are parents and chilaren. particularty the more vulnerable and. through them, the wider communty and society. In this respec( the purpose of the Lrfestart charity fulfiL8 the requirements of the Charities COMMI￿On. Public benefit The Trustees have paid due reganl to guKlance issued by the Charity Commission for Northem Ireland in deciding at acttvrties the charity shoukj undertake. LIFESTART FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Significant activities and a¢*)ievements against obiectsves Over the last 12 months the Foundation has met its Contractual obligations to the Westem Health and Social Care Tnjst by delivering the home visiting service to families in Counties DerrylLondondery, Femianagh and Tyrone and its contractual obligations to the South*astem Hearth and Social Care Trust delivering the service to families on the Ards peninsula and in NeW(ownards. County Down. In total Foundation staff have delivered in excess of 1,130 home visits. as well as delivering knfestart grouptésed programmes. The Foundation has atso supported the work of other organisations in Northem Ireland and Ireland delivering Lifestart servI￿s to more than 3.000 parents and children. In the WHSCT area vulnerable families. those on the Chi]d Protection Register, on the edge of chikj protection or ere children are deemed at risk are referred to the home visthng seNice by social ￿rk teams and by health visitors. The nature of the referrals and the issues faced by parents and children, we have found, are changing, becoming in many instances more acute and txrtb'ng more children at risk The wDrk has. therefore, become more demanding and the pressure on our staff is inueasing. Staff reFX)rt back to Trust professionals, attend family case conferences and review meetings. make regular presentations to professional staff teams on our work and host site visits by social work and heatth visiting studerts which helF6 to increase awareness of the service, the issues families and therefore our staff are facing as well as the seNice's beneficial impact on parents and children. In Ards the home visiting Servi￿ ￿ offered in rArtrJership with Surestart. Surestart staff make referrals to Lifestart but the seNice is aEso open to all families wtth children under 4 INing in this highly rural area and it is often the only support Servi￿ accessible to local parents. As well as individual support provided through the home vBiting semce. the Foundation completed a pilot project involvirwJ the delivery of the groupbased Bump, Baby and BeyoTrJ (BB8) programme in the Westem area. The pilot ds funded by the Big Lottery Avrdrds for A]1 and the Foundation successfully applied to the Big Lottery People and Communities Grant programme to roll out the Bump, Baby and Beyond throughout Northem Ireland. In the course of the year we have begun delrvering the new BBB programme aTrJ through this activty we have not only making the programme available to more parerts but cemented good working relationships wth the many organisations hosting the prograrnme. including, for example, Eglinton Communty Hall. Homestart Ards, Oak Healthy Lrving, Surestart Cookstown, Curryneiran Communty Centre, Oasi8 Antrim Communty Hub, Strabane Surestart. Surestart magherae￿ Omagh County Primary School, Shepherd's Wiew. SupFQrt 2gether. Omagh Communty House. Dry Arch Surestart, Neknards Surestart, East Belfast Surestart, Colin Glen Library, Ballybeen Women's Centre, Rainbow Early Years Centre, LAST Sure StaT( NCB. the Rural Communty Ne*mrk and the Rural Women's Communty Ne￿r￿ This year we ￿MPleted the implementation of the Foundation's Succession Plan funded by Dormant Accounts Nl. The plan was aimed at ensuring that the ￿festart Foundation has the leadership and govemance structure and core prc#Juct that wll sustain and develop the organisation irrto the future. The Manager. ￿C￿e post was funded under the plan, was tssked, among other things, wth overseeing the expert review and updating of the Foundation's core programme, the Growng Child. The review has now been completed and the first three years of the Growing Child programme has been updated and pyinted and the last two years of the fve-year programme will be going to print shortly. This has been a major achievement that wll ensure that Ltfestsrt parents are receiving the most Upt￿date parenting information. based on the most recent research evidence available. We are also currently planning to follow-up on the expert review of the Growing Child by seeking resources to undertake the fijll digrf(Eation of the programme, to make it amendable to dtfferent fonns of delivery. This wll be a major project that will invO￿e the design of an entirely new range of Lifestart products. The Succession Plan also invo]ved the review of the Foundation's organizational stwcture thich coin¢hJed with important developments in Ireland, where as a resutt of the activities of the Home Visff(ing Aliance. of which the Foundation is a founder member, the IrEh govemment has begun a funding initi.ative which wll supwrt the expansion of home visibng services in Ireland. In the IbJht of this the Board of Directors of the Foundation is looking at developing an organrzational structure best suited to this charffJing environment and this wll be a key focus of the Board actiV￿.eS in the coming year. LIFESTART FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Lifestart staff members continue to be athely involved in strategic ne￿rkS and systems at Local, Regional, National. European and intemational levels, 2nd continue to parhcipate in and present at national and international conferences on the role of Lifestart in supp)iting parents improvirvJ child outcomes. This year we were represented at a number of relevant orFline events. The Lifestart Foundation and its partners Continue to act to Influen￿ policy on children and families in Ireland. the UK and Europe. We remain an actlve mern￿r of Home Visthng AEliance, Euro¢hild, The CRNINI (Children's Research Nthork Ireland and Nl), the Prevention and Earfy InteNention NeMork (PEIN}, the Earfy Intervention Foundation, The Earty Years Advisory Group. the Parenting NetriorK Children's Rights Alliance, Earty Childhood Ireland and the Trauma Informed Cross Border Ne￿rk Financial Teview Total income for the year was £180.517. of which £157.760 generated from charitable adNities, £8,926 from donations and legacies and £11.250 from other trading activities. The ¢hartty also re￿Ned £2,578 in respect of gfft aid payments from Lifestart Resources, a trading sut6idiary of the charty. Total expenditure by the chanty was £178,738. £172.954 of thE vtss incurred undertalang activitses that fvrther our charitable aims for the benefft of our benefjciaries. Other costs inujrred amounted to £5.784. Other losses in the amount of £14 represent fO￿Ign exchange losses on translation of Euro bank balances to the presentational currency Pounds Steriing. The balance on total funds at the year*nd was £208.C65, of vknith £102,488 were unrestrict￿. £53.233 were designated and £52,344 were restricted. Reserves policy The Trustees consider r( prudent to hotd monies in reserve in the event that unforeseen circumstances should lead to financial difficutties which might PLrt the fLrture of its employment capacty. general charitable work and property in jeopardy. The Trustees have examined the chartvs requirements for reserves in light of the main risks to the organisation and established a fomal policy ￿1¢h stipulates that free reserves be maintained at a level vthi¢h ensures that the charity's core activty could continue during a period of unforeseen difficuty. Free reserves are defined by the Trustees as unrestricted income fvnds freety available for use as the chanty so dete￿nineS and thereby excludes any fvnds commrtted, invested in tangible fixed assets held by the charty and restrÈ¢ted or designated funds. The Trustees. policy i8 that unrestricted funds vthith have not been designated for a specific use should be maintained at a level equNalent to be￿een three arKI six month's exFenditure. The Trustees constsjers that reserves at this level will ensure tha( in the event of a signfficant drop in funding, they will be able to continue the charty's current activtties while consideration is given to ways in vhjich add￿onal fijnds may be raksed. Based on 2024125 expendff(ure {excluding depreciation) of £176,240 the target level of resetves is £44,000 to £88,000. Free reseNes as at 31st March 2025 are £100.478. The Trustees continue to strive to build and maintain a general level of reserves in accordan* with the upper level of the target so that they will be able to continue the Current aCt￿rtIeS of the charty. Plans for future periods Our key priorities in the coming year are to: Review the Foundation. organksational stru¢ture and UFrfJate our Strategic Plan Continue to delrver on our existing contrads and identtfy new potential contracts Delwerthe Bump, Baby and Beyond Programme throughout Northem Ireland Ao]uire the resources to develop and design digital versions of Lifestart products Awuire the resources to ensure the continuance and sustainabilty of our work to support parents and Children. LIFESTART FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 structure. governan￿ and management Governlng document Lifestart Foundation ￿MIted is a company limrted by guarantee and accepted as tharitable by HMRC under reference XR 47557. The company was incorporated on 8th October 2001. The company ￿as established under a Memorandum of Association which estsblIsh￿ the objects and wwers of the o)mpany, and is governed by ts Articles of Association. The liabilty of members is limrted in that every member of the company undertakes to contribute an amount not exceeding £1 in the event of the crtmpany being wound up. The Trustees, who are also the directors for the pUrp￿e of company law, and served during the year and up to the date of signature of the financial statements were". Patrick Durkan {Chairperson) Ursula Birthistle Maire McReynolds Mairead Wrynn Dr Eileen Doherty Maureen Hetherington (Resigned 28 June 2024} Recruitment and appointment of trustees Under the requirements of the Memorandum a￿1 Artides of Association unless otherwise deterMIn￿J by the company in General Meeting the number of Trustees shall not be less than four. Trustees are eleded 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 changes to the Board of Tntstees. The Board as a whole ￿ds approved by the AGM and Continues to monttor its membership. Risk Management The Trustees are avrdre of the major risks to vthich the charity is exposed. Where appropriate. systems or procedures have been establEhed to mthgate the risks the charity faces. Intemal control risks are minimised through the procedures for authorisation of all transadions and projecls. Procedures are in place to ensure Complian￿ wth applicable laws and regulations. These procedures are reviewed periodicalty to ensure that they continue to meet the needs of the charity. Organisational structure The Board of Trustees cortsists of six members vtho 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 chartty. All members of the Board of Trustees give their time voluntsrily arKJ 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 Servi￿ rests wth the Foundation's Executive Director, who is responsible for the day to day operational management of the chartty. The Trustees, report was approved by the Board of Trustees. Patrick Durkan (Chairperson) Trustee 31 Marth 2026 LIFESTART FOUNDATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFESTART FOUNDATION LIMITED I report on the financial statements of the charity for the year ended 31 March 2025, ￿lch are set out on pages 7 to 22. Respective responsibilities of charity Trustees and examiner As the charity Trustees land also the dire¢lors of the company for the purposes of company law) you are responsible for the preparation of the financial statemerts in accordance with the requirements of the Companies Act 2006. Having satisfied Myse￿ that the finaneAal statements of the charity are not required to be audtted under Part 16 of the Companies Act 20C6 and are eligible for independent examination, it is my responsibilty to: examine the finanoal statements under sedion 65 of the Charibes Ad (Northem Ireland) 2008., follow the procedures laid down in the general Directions given by the Commission under sedion 65{9)Ib) of the Chartties Ad (Northem Ireland) 2008. and state ￿ether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and my examination ￿as carried out in accordance wth the general Directions gNen by the Charity Commission for Northem Ireland urKder section 65(9)Ibl of the Charities Ad. The examination incI￿led a review of the accounting records kept by the charity and a comparison of the finanaal statements presented with those records. It also included consrderation of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity trustees con¢eming any such matters. My role is to state whether any material matters have come to my attention gtving me cause to believe that. 1. Accounting records were not kept in ac¢ordan¢e Nwth section 386 of the Companies Act 20(A', or 2 The financial ststements do not accord those a¢¢ounting records., or 3. The financial statements do not comply wth the accounting requirements of se¢*ion 396 of the Companies Act 2006 and wtth the methods and principles of the Charitses Statement of Recommended Practice applicable to chartties preparing their financial statements in accordance the Financial Repjrting Standard applicable in the UK and Republic of Ireland IFRS 102)- or 4. The￿ is further information needed for a proper understanding of the finanaal statements to be reached. Independent examiner's statement I have completed my examination and I have no concems in resped of the matters (1) to141 IEted above and, in connection with following the Directions of the Charrty Commission for Northem Ireland, I have found no matters that require drawtng to your attention. -•-i James Nash FCA Moore (Nl) LLP 21123 Clarendon Street DerrylLondonderry BT48 7EP 31 March 2026 LIFESTART FOUNDATION LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financial year Unrestricted Unrestricted funds funds general designated 2025 2025 Restricted funds Total Total 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activtties Investments Other income 8.926 49.717 8,926 151,760 2,581 11.250 12,605 176,7 11,494 15,414 108,043 2,$81 11,250 Total income 121,874 180.517 216.269 Expenditure on: Raising funds Charitable activities 5,784 100.516 5,784 172,954 14,798 210.593 1.774 70.664 Total expenditure 106.300 1.774 70.664 178,738 225,391 Net incomd(expenditure) 15,574 {1.774) (12.021} 19,122) other recognised gains and losses: Other losses 13 (14) (14) (1,8071 Net movement in funds 15,560 (1.TT4) (12,021) 1,765 (10.929) Reconciliation of funds: Fund balances at 1 April 2024 86.928 55.007 64,365 206,300 217,229 Fund balances at 31 March 2025 102.488 53.233 52.344 208,065 206,3C The statement of financial actIv￿eS includes all gains aThJ I￿eS re¢cgnised in the year. All income and expenditure derive from continuing activibes. LIFESTART FOUNDATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial year Unrestricted Unrestricted funds funds general designated 2024 2024 Restricted funds Total 2024 2024 Notes Income and endowments from: Donations and legacies Charitable activtties Investments other income 105 136.744 11,494 15.414 12,500 40,012 12,605 176.7 11.494 15,414 Total income 163,757 52,512 216,269 Expenditure on: Raising funds Charitable activtties 14,798 147,078 14.798 210,593 1.774 61,741 Total expenditure 161,876 1,774 61,741 225,391 Net Incom￿(eXpenditUre) 1,881 (1,774} (9,2291 (9,122) Other recognised gains and losses: other losses 13 (1.807) (1,807) Net movement in funds 74 {1,774) (9,2291 (10,929) Reconciliation of funds: Fund balances at l April 2023 86.854 56,781 73,594 217,229 Fund balances at 31 March 2024 86.928 55.007 64,365 206,300 LIFESTART FOUNDATION LIMITED BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investments 14 15 55,143 100 55.789 100 55243 55,889 Current assets Debtors Cash at bank and in hand 16 28.637 131,405 147.530 156.074 160,042 Creditors: amounts falling due within one year 18 (3.252) (9,631) Net current assets 152,822 150,411 Total assets less current liabilities 208.065 206,300 The funds of the charity Restricted income funds Unrestricted funds - general Unrestricted funds - designated 20 52.344 102,488 53,233 64.365 86.928 55,007 21 208,065 206,300 The company is entttled to the exemption from the audit reyuirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying the requirements of the Companies Act 20C6 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an aLMJit of rts financial statements forthe year in question in accordance wth section 476. The financial statements were approved by the Trustees on 31 Marth 2026 LILI a. /J,~/L,JlL Patrick Durkan {Chairperson) Trustee Ursula Birthi5tle Trustee Company registration number N1041705 (Northem Ireland) LIFESTART FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Lifestart Foundation ￿mited is a private Company limrted by guarantee incorporated in Northem Ireland. The registered Offi￿ is 5 Springrowth House. Ballinska Road, Springt0￿ Industrial Estate, Derry-Londonderry, 8T48 OGG. 1.1 Basis of preparation The financial statements have been prepared in accordan￿ wtth the Companies Act 20(E, FRS 102 "The Financial Reporting Standard appli¢2ble in the UK and Republic of Ireland. I'FRS 102.) and the Charities SORP "Accounting and Reporting by Chartties: Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ wth the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The charity is a Public Benefft Enty as defined by FRS 102. The ¢harty has taken advantage of the provisions in the SORP for chartties not to prepare a Statement of Cash Flows. The finan￿al statements are prepared in steriing. which is the ftjnctional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the histori￿1 cost convention. The princtpal a￿OUntIng policies adopted are set out below. 1.2 Going concern At the time of approving the financial ststements. the Trustees have a reasonable expectation that the chanty has adequate resour￿ to continue in operational existence for the foreseeable fvture. Thus the Trustees continue to adopt the going con¢em 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 furtherance of their charitable objectwes. Designated funds are unrestricted funds of the charty 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 donor5 or grantors 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 recogni8ed when the chartty is legally entiued to it after any performano ￿nditionS have been met, the amounts can be measured reliably, and it is probable that income will be receNed. Cash donations are recognised on re￿ipt. Other donations are recogntsed once the tharity has teen notified of the donation, unless performan￿ condttions require deferral of the amount Income tax rec4)verable in relation to donations re￿Ned under Gift Aid or deeds of covenant is recognised at the time of the donation. Turnover from other trading activities is measured at the fair value of the consideration receNed or receivable and represents amounts re￿1vable for services provided in the normal ￿Urse of business. DNidends are accrued when the ¢hartVs right to re￿1ve payment is establi%hgJ. In the case of a Gift Ai payment made by a subsidiary, income is accrued when the Gtft Aid payment is payable to the parent charty under a legal obligation. Measurement is at the fair value recewable, ￿lCh will normally be the transaction value. Where no such legal obluation exists. income is recognised on re￿ipL 10- LIFESTART FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢Gounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there ￿ a legal or constructtve obligation to make a payment to a third paty, it is probable that setuement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT charged as a o)st agairEt the aGtivty for which the expenditure was incurred. Costs allocated to raising funds represent salaries and wages of stsff providing administratrve services to Lifestart franchisees and associated costs incuThed in providing this servi￿. ExFEnditure on charttable adtvities indLhYes the co*s of services undertaken to further the purposes of the charity and their associated support Costs. Support costs are those fijnctions that assist the work of the charTty but do not directty ur￿ertake charitable activities. Support costs include bad( office costs. finan￿. pErsonnel. payroll and govemance costs ￿lch support the charity's programmes and activttses. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cc6t or valuation, net of depreciation and any impaim)ent losses. Depreciation is recognised so as to ￿lte off the Cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings F￿reS arKI ffttings 2% p.a. straight line 250A p.a. straight line The gain or loss arising on the disposal of an asset is deternined as the difference btheen the sale proceeds and the carrying value of the asset, and E recognEed in the statement of finan¢ial adivrfcies. 1.7 Fixed asset investrnents Frxed asset investments are initially measured at transaction pri￿ excluding transaction costs, and are subsequently measured at fair value at each reporting date. ChaThJes in fair value are recognised in net incomellexpenditure) for the year. Transaction ojsts are expensed as incurred. A subsidiary is an entty controlled by the charity. Control is the power to govem the financial and operating policies of the enttty so as to obtain beneffts from its aCt￿￿eS. Payments by subsmjiaries to the charity that qual.rfy for gift are recognised as distributs'ons to owners. The charrty recognises gift aid payments on receipt unless the subsidiary has a legal obligation to distribute profits to its owners at the reporting date. 1 ￿ Impairment of fjxed assets At each reporting end date, the charty reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recJJverable amount of the asset is estimated in order to detemine the extent of the impairment loss (ff any). 1.9 Cash and cash equivalents Cash and Cash equivalents include cash in hand aThJ bank overdrafts. Bank overdrafts are shown wthin borrowngs in current liabilities. 11 LIFESTART FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policie5 (Continued) 1.10 Financial instruments The charty has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its finanoal ir6truments. Financial instruments are re¢¢)gnised in the chartty's balance sheet ￿en the charity bewmes paty to the contractual provisions of the instrument Financial assets and liabilitses are offset with the net amounts presented in the financtal statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setue the liabilsty simultaneously. Basic financial assets Basic financial assets, which indude debtor5 and cash and bank balances, are inf(ially measured at transaction price including transaction costs and are subsequent]y carried at amortised cost using the effective interest method unless the arrangement wnstitutes a finan￿ng 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 recewable wthin one year are not amortised. Basic financial liabilities Basic financial liabilities, induding Credito￿ and bank loans are initsalty recognised at transa¢tion price unless the arrangement constitLrtes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest Financial liabilittes classrfied as payable within one year are not amortised. Debt instruments are subsequenly ￿rrIed at amortised ccE( using the effethe interest rate method. Trade creditors are obligations to pay for goods or sepiices that have been acquired in the ordinary course of operations from suppliets. Amounts payable are ¢lassffied as current liabiltties rf payment is due wrihin one year or less. If not they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's 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 tax reference XR 47557. As a result there is no liabilty to tsxation on any of its income. 1.12 Employee benefjts The cost of any unused holiday entitlement E reccgnised in the period in whith the employee's services are re￿ived. Termination beneffts are recognised immediately as an expense when the charity És demonstrably committed to terminate the employment of an employee or to provtde tennination beneffts. 1.13 Retirement benerrts Payments to defined contribution retirement benefft schemes are tharged as an expense as they Pdll due. 12- LIFESTART FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the tharity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the Lxrrying amount of assets and liabilities that are not readily apparent from other SoUr￿s. The estimates and associated assumptions are based on historical experience and other fa¢tors that are considered to be relevant. Actual results may dÈffer from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affecis only that period, or in the period of the revision and future periods where the rewsion affects both Current and fvture Fertods. Income from donations and legacies Unrestrithd Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts 8,926 8,926 105 12,500 12.605 Donations and gifts TBF & KL Thompson Trust HDH Wills grant St James, Pla Ulster Bank Staff fijnd Danske Bank Charty Ulster Garden Villages Souter Charrtable Trust Enkalon other 1,038 1.000 2.500 1,038 2.350 2,350 5,000 5,000 5,000 5.000 500 500 105 2,500 2,605 8.926 8.926 105 12,500 12,605 Income from charitable activities Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Charitable activities servi￿ provided under contract Perfonnance related grants 108.043 108,043 136,744 136,744 49,717 49,717 40,012 40.012 108.043 49,717 157,760 136,744 40,012 176,756 13- LIFESTART FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charttable activittes (Continued) Performance related grants analysis Charitable activities 2025 Charitable activities 2024 The National Lottery Communty Fund - Dormant AC￿Unts Fur¥J RTEICommunty Foundation- Smile Baby project Big Lottery Fund - Bump Baby Beyond 26,641 13,371 49,717 49,717 40,012 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Income from unlisted investments Interest receivable 2,578 11,086 408 2,581 11,494 other income Unrestricted Unrestricted .funds funds 2025 2024 Provision of administrattve services Rental income 5,784 5.466 9,948 5,466 11250 15,414 14- LIFESTART FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Trading costs other trading activrties staff costs 3.209 2,575 11,628 3.170 5.784 14,798 Costs allocated to raising fijnds represents salaries and ￿dgeS of stsff providing admini8trative services to Lifestart franchisees and assctiated costs incurred in providirvJ this seTViCe. Expenditure on charitable acttvities Chartiable activites 2025 Chartiable activites 2024 Direct costs staff costs Depreciation and impairment Conference and training costs Rent and rates Insurance 98,101 2,499 4,654 2.490 2.435 144,302 2.3 8,688 2.927 3,154 E il Heat, light and power Repairs and maintenance Printing. postage and stationery Materials and resources Advertising Telephone Sothre support Travel and subsistence Legal and professional fees Accountancy fees other Gharitable expendtture 750 1,647 814 7,787 1,617 3,751 1,525 10,546 15,023 2,400 3,266 213 757 27.027 552 1.015 2,435 9,462 9,609 2,400 8,765 172,954 210,593 Analysis by fund Unrestricted funds- general Unrestricted ftjnds - designated Restricted funds 100,516 1,774 70.664 147,078 1,774 61,741 172,954 210,593 15- LIFESTART FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(creditingl: Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible ftJramme shares materials 100.00