COMPANY REGISTRATION NUMBER: N1066239 CHARITY REGISTRATION NUMBER: NIC101726 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 MARCH 2023 CLAREMOUNT FM LIMITED Chartered accountants & statutory auditors 43 Clarendon Street Derry BT48 7ER
SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Page Directors, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities {including income and expenditure account) 10 Statement of financial position 11 Statement of cash flows 12 Notes to the financial statements 13
Page 1 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2023 The directors, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2023. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name SURESTART EDENBALLYMORE Charity registration number NIC101726 Company registration number N1066239 Principal office and registered office Lis Linn Centre Central Drive Creggan Derry THE DIRECTORS Ms C Nash Mr G McGowan Mr B McLaughlin Ms A McGuinness Ms C Sweeney (Appointed 17th Febniary 2023) Auditor Claremount FM Limited Chartered accountants & statutory auditors 43 Clarendon Street Derry BT48 7ER BankeTS AIB Meadowbank Strand Road Derry BT48 9QG Sollcitors Mac Dermott McGurk and Partners 12 Clarendon Street Derry BT48 7ET
Page 2 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued) YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT The company is governed and managed by the board of dItorS. The directors who served the company throughout the year are shown above. The registered Offi and details of other professional advisors are listed on page 1. The board of directors carry out their governance role throughout the year by way of meetings on bi-monthly basis to review the performance of the company and to make decisions regarding the company's financial and operational matters. The directors govern the activities of the company in line with the objectives set out in the governing documents of the charity, namely the Memorandum and Articles of Association and the charity's constitution. OBJECTIVES AND ACTIVITIES The principal activity of the company during the year was to ensure that every child {from pre-birth to 3 years) living in the Triax area (Bogside & Brandywell, Creggan. Fountain, Bishop Street & Foyle Road and Strand Road) is support8d to have the best possible start in life. One of the objectives of Surestart Edenballymore is to complement the work of existing local services and provide our families with advice and support to ae$S more specialised needs or difficulties. There is clear evidence that early intetvention and support reduces family breakdown, strengthens children's readiness for school and benefits society as a whole. The Project delivers a wide variety of services which are designed to support children's learning skills, health and well-being, and social and emotional development, with a particular focus on early intervention, infant mental health, bonding and attachment. speech and language, child development and school readiness. Surestsrt Edenballymore works with parents, agencies and organisations to ensure that local children aged 0-3 get the very best start in life by offering free access to.. Farnily support including home-visiting and support services Early years play and learning opportunities Advice & support on children's development Speech & Language Support Ante-natal and post-natsl services Health services Community involvement and training opportunities
Page 3 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT {INCORPORATING THE DIRECTOR'S REPORT) (continued) YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE The directors are satisfied that the performance of the company during the year, in terms of both financial and operational results, is in line with the charity's constitution and key objectives. The table below outlines the annual registration and engagement of target children and parents in the Project, it is clear that all targets and goals set have been eXeded, in terms of engagement, registration, support and service delivery. New Registrations Children Q1 Apr-Jun 81 Q2 Jul-sept 52 Q3 Oct-Dec Q4 Jan-mar Cumulatlve 56 73 262 Mothers 41 64 195 Fathers 35 Families 56 43 64 197 Antenatal 29 21 29 52 131 De-Registered Children Q1 Apr-Jun 61 Q2 Jul-sept 59 Q3 Oct.De¢ Q4 Jan-mar Cumulative 258 28 110 Mothers 49 83 18 88 190 Fathers 22 43 Families 82 18 91 193 Antenatal 17 Total Numbers Reglstered Q1 Aprun Children 866 Q2 Jul4ept 857 Q3 Oct-Dec Q4 Jan-mar Cumulatlve 854 899 1047 Mothers 791 822 778 822 931 Fathers 147 145 146 150 171 Families 8C(I 830 789 834 943 Antenatal 51 57 69 166 Percentages Uptake Children Q1 Apr-Jun Q2 Jul4ept 31.97 Q3 Oct-Dec Q4 Jan-mar 30.48 Cumulatlve 31.85 50.91 Mothers 43.11 44.04 58.76 81.20 Fathers 14.97 14.48 21.92 34.67 46.20 Families 46.00 48.31 45.50 60.91 83.03 Antenatal 59.26 54.90 70.18 71.01 93.37 The Project is on track to achieve World Health Organization and UNICEF Baby Friendly Initiative ststus to better support families with feeding and developing close, loving relationships, ensuring that all babies get the best possible start in life. FINANCIAL REVIEW The net outgoing resources for the year was £101 (2022 - net outgoing resources £5,107). The total reserves at the year*nd stood at £51,419 (2022 - £51,520) Funding is received every quarter and is generally spent within that quarter. The charity carries minimal reserves due to restrictions imposed by funders.
Page 4 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE DIRECTORS. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued) YEAR ENDED 31 MARCH 2023 PLANS FOR FUTURE PERIODS The impact of COVID continues to disrupt life for us all and has changed life in many ways for many people. Child development needs has not paused. and supporting children and families is arguably now more important than ever. Babies born after March 11 2020 will have only known a world in Ihe grip of a pandemic. They have not had the same opportunities to interact with other children as those born in the years before. We don't yet know the full impact of the pandemic on children. young people and their families. but we are seeing an increase in demand for ServIS as we move into the next phase. So, whilst the future remains uncertain. our commitment to provide responsive and high quality seNices and supports for families remains steadfast and we are confident in our staff team, partners and community that we can continue to give children the best start in life. The directors will continue to govem the company in line with the constituts'on to achieve the objectives noted above. TRUSTEES, RESPONSIBILITIES STATEMENT The trustees, who are also directors for the purposes of company law. are responsible 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 requires the charity directors to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure. for that period. In preparing these financial statements, the trustees are required to: In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP; make judgments and accounting estite$ that are reasonable and prudent" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued) YEAR ENDED 31 MARCH 2023 AUDITOR Each of the persons who is a trustee at the date of approval of this report confinns that.. so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The directors, annual report was approved on 07th September 2023 and signed on behalf of the board of trustees by.. Ms C Nash Director Mr G McGowan Chairperson
Page 6 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SURESTART EDENBALLYMORE YEAR ENDED 31 MARCH 2023 OPINION We have audited the financial statements of Surestart Edenballymore for the year ended 31 March 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position. statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). This port is made solely to the charity's members. as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are qUired to state to them in an auditovs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of sOurCes, including its income and expendilure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable io Smaller Entities. and have been prepared in accordance with the requirements of the Companies Act 2006. BASIS FOR OPINION We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the trustees, use of the going conrn basis of accounting in the preparation of the financial statements is not appropriate,. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concem basis of accounting for a period of at least twelve months from the date when the financial ststements are authorised for issue.
Page 7 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SURESTART EDENBALLYMORE (continued) YEAR ENDED 31 MARCH 2023 OTHER INFORMATION The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, expt to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Éhereon. In connection with our audrt of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financia5 statements or a material misstatement of the other information. If. based on the work we have performed. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. OPINIONS ON OTHER MArrERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the course of the audiL' the Information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with Ihe financial statements., and the trustees, report has been prepared in accordance with applicable legal requirements. mAERs ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report In respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors, remuneration specified by law are not made., or we have not reiVed all the information and explanations we require for our audit- or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and tske advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. RESPONSIBILITIES OF DIRECTORS As explained more fully in the directors, responsibilities statement, the directors (who are also the directors for the purposes of company law) are responsible for the pparatIOn of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 8 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SURESTART EDENBALLYMORE (continued) YEAR ENDED 31 MARCH 2023 AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in Ihe aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non4ompliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both management and those Gharged with governance of the charitable company. We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or influence the reported results. In common with all audits under ISAS (UKI, we are required to perform specific procedures to respond to the risk of management override. As part of an audlt in accor<lance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit prOdureS responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Enquire of management, those charged with governance and the Charity's solicitor around actual and potential litigation and claims. Perform analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. Review minutes of meetings of those charged with govemance. Evaluate the appropriateness of accounting policies used and the reasonablenes5 of accounting estimales and related disclosures made by the directors. Conclude on the appropriateness of the directors, use of the going concern basis of accounting and. based on the audit evidence obtained, whether a material uncertainty exisls related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude thal a material uncertainty exists, we are required to draw attention in our auditorfs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, Structu and content of the financial statement5, including the disclosures, and whether the financial ststements represent the underlying transactions and events in a manner that achieves fair presentation.
Page 9 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SURESTART EDENBALLYMORE (continued) YEAR ENDED 31 MARCH 2023 We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal conlrol that we identify during our audit. Mr G G Heaney (Senior Statutory Auditor) For and on behalf of Claremount FM Limited Chartered accountants & statutory auditors 43 Clarendon Street Derry Northern Ireland BT48 7ER 07th September 2023
Page 10 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) 31 MARCH 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Charitable activities 648,594 648,594 628,541 Total Income 648,594 648,594 628,541 Expenditure Expenditure on charitable activities 648,695 648,695 633,848 Total expendlture 648,695 648.695 633,648 Net expenditure and net movement in lunds (101) (101) (5,107) Reconcillatlon of funds Total funds brought forward 15,825 35,695 51,520 56,627 Total funds carried forward 15,825 35,594 51,419 51,520 The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing activities. The notes on pages 13 to 23 form part of these flnanclal statements.
Page11 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2023 2023 2022 Note FIXED ASSETS Tangible fixed assets 11 45,605 44,449 CURRENT ASSETS Cash at bank and in hand 23.260 21,370 CREDITORS: amounts falling due within one year 12 17,446 14,299 NET CURRENT ASSETS 5,814 7,071 TOTAL ASSETS LESS CURRENT LIABILITIES 51,419 51,520 NET ASSETS 51.419 51,520 FUNDS OF THE CHARITY Restricted funds Unrestricted funds 35,594 15,825 35,695 15,825 Total charity funds 13 51,419 51,520 These financial statements were approved by the board of trustees and authorised for issue on 07th September 2023 and are signed on behalf of Ihe board by: Ms C Nash Director Mr G McGowan Chairperson The notes on pages 13 to 23 form part of these financial statements.
Page12 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2023 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net Income {Expenditure) {101) (5,107) Adjustments for.. Depreciation of tangible fixed assets Loss on Disposal of tangible fixed assets Accrued Expensesl {income) 14,855 441 2,883 14,900 1,693 (3,041) C17anges in.. Trade and other debtors Trade and other creditors 264 (263) Cash generated from operations 18,342 8,182 Net cash from operating activities 18,342 8,182 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of tangible assets 116,452) {11,767) Net cash used in investing activities 116,452) (11.767) NET INCREASEI(DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,890 21,370 {3,585) 24,955 CASH AND CASH EQUIVALENTS AT END OF YEAR 23,260 21,370 The notes on pages 13 to 23 form part of these financial statements.
Page13 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 General Information The charity is a private company limited by guarantee. registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Lis Linn Centre, Central Drive, Creggan, Derry. statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP IFRS 102)) and the Charities Act (Northern Ireland) 2008. Accountlng policles Incoming resources from generated funds consists of donations and other income received from a variety of sources. Such income is usually received with no preconditions attached and is recognized in the SOFA when received. Incoming resources from charitable activities consists of grants received from various funding bodies to assist the charity in achieving its objectives. Grants of this nature are recognized in the SOFA when the charity is legally entitled to the income and all preconditions for receipt of the funds have been met. Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial stalements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue.
Page 14 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Accounting policies (continued) Fund accounting Unrestricted fijnds are available for use at the discretion of the tNstees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the directors for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of tsvo sub-classes: restricted income funds or endowment funds. Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor cr the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of ServIS is recognised with the delivery of the contracted servi. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. 1here costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the reSoUrs. Staff cosls have been allocated on the basis of time spent on each of the main activities of the charity, which are: Charitable activities (those activities associated with the charity's objects). Governance costs (management and administration of the charity)
Page 15 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Accounting policies (continued) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Creche Fixtures and Fittings Fixtures and Fittings Motor Vehicles Office Equipment 25°/o straight line 12°/o reducing balance 200/0 Straight line 25Qh straight line lrnpairment of flxed assets A review for indicators of irnpairment is carried out at each reporting date, with the recoverable arnount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of irnpairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Financlal instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instwment. Basic fjnancial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequendy measured at amortised cost.
Page 16 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Accounting policies (continued) Financial instruments (continued) Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequeniiy measured at cost less impairment. Other financial instruments, including derivats'ves, are initially recognised at fair value, unless payment for an asset is deferred beyond nomal business terms or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. other financial instruments are subsequently measured at fair value, with any changes reccgnised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relats'onship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If Ihere is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financlal assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Llmlted by guarantee The company is limited by guarantee and. therefore, there is no issued share capita5. Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up during a period in which they are still a member of the company. including a period of one year from the date that they ceased to be a member, providing the debts were incurred during their period as a member of the company or the debt relates to costs and expenses of a winding up. The liability of each member in such cirCumstanS is limited to £1.
Page 17 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Charitable activities Restricted Total Funds Funds 2023 Restricted Total Funds Funds 2022 HSCB Donations and sundry income 642,093 6,501 642.093 6.501 623,391 5,150 623,391 5,150 648,594 648.594 628,541 628,541 Other Grant income includes funding received from Glasspool and the Family Fund on behalf of families. Expenditure on charitable activities by fund type Restricted Total Funds Funds 2023 Restricted Total Funds Funds 2022 Wages & salaries Creche support 2 year old programme costs Miscellaneous programme costs Promotion costs Staff training & courses Staff Development & Well-being Repairs & maintenance Cleaning & consumables Minibus running costs Telephone & intemet 401.940 1.498 15,807 28,498 7,550 3,909 4,683 4,004 401,940 1,498 15,807 28,498 7.550 3,909 4,683 4,004 284 4,957 7,254 421,056 986 16,580 15,628 2,689 559 421,056 986 16,580 15,628 2,689 559 2,323 307 2,358 6,713 2,323 307 2,358 6,713 4.957 7.254 Filli Postage & stationery HR advisory & support service Membership and Subscriptions Travel expenses Rent- Office & Programrne rooms Rent- Gasyard Programrne rooms Rent- Creche (OLD Heat, light & utilities Insurance Accountancy fees Auditors remuneration Depreciation charge Loss on disposal of FA Bank charges Support Costs- Wages and Salaries 7.893 900 1,825 1,160 19,900 7,958 9,630 10,883 3,783 1,560 1,560 14,855 441 543 85,420 7,893 900 1,825 1,160 19,900 7,958 9,630 10,883 3,783 1,560 1,560 14,855 441 543 85,420 8,933 900 1,938 1,422 18,600 8,205 9.500 9.728 3.400 1.560 1.560 14,900 1,693 629 81,481 8,933 900 1,938 1,422 18,600 8,205 9,500 9,728 3,400 1,560 1.560 14,900 1,693 629 81,481 648,695 648,695 633.648 633,648
Page 18 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Expenditure on charitable activities by activity type Core 2 Year Old Programmes Ptogramme Support costs Total Funds 2023 Wages & salaries Creche support 2 year old programme costs Miscellaneous programme costs Promotion costs Staff training & courses Staff Development & Well-being Repairs & maintenance Cleaning & consumables Minibus running costs Telephone & internet Postage & Stationery HR advisory & support servi Membership and Subscriptions Travel expenses Rent - Office & Programme rooms Rent - Gasyard Programme rooms Rent - Creche (OLT) Heat, light & utilities Insurance Accountancy fees Auditors remuneration Depreciation charge Loss on disposal of FA Bank charges Support Costs - Wages and Salaries 230,942 1,498 170.998 401.940 1,498 15,807 28.498 7,550 3,909 4,683 4,004 284 4,957 7,254 7,893 900 1.825 1.160 19,900 7,958 9,630 10,883 3,783 1,560 1,560 14,855 441 543 85,420 15.807 28.498 7.550 3.909 4.683 954 3,050 284 4,957 7,254 7,893 900 1,825 1,160 19,900 7.958 9,630 10,883 3,783 1,560 1,560 14,855 441 543 85,420 362.058 198,097 88,540 648,695
Page 19 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2022 Expenditure on charitable activities by activity type Core 2 Year Old Programmes Programme Support costs Total Funds 2022 Wages & salaries Creche support 2 year old programme costs Miscellaneous programme costs Promotion costs Staff training & courses Repairs & maintenan Cleaning & consumables Minibus running costs Telephone & internet Postage & stationery HR advisory & support seniice Membership and Subscriptions Travel expenses Rent - Office & Programme rooms Rent - Gasyard Programme rooms Rent- Creche (OLT) Heat, light & utilities Insuran Accountancy fees Auditors remuneration Depreciation charge Loss on disposal of FA Bank charges Support Costs - Wages and Salaries 252,484 986 168.572 421,056 986 16,580 1S,628 2,689 559 2,323 307 2,358 6,713 8,933 900 1,938 1,422 18,600 8,205 9,500 9,728 3,400 1,560 1,560 14,900 1,693 629 81,481 16.580 15,628 2.689 559 485 1,838 307 2,358 6,713 8,933 900 1,938 1,422 18,600 8,205 9.500 9.728 3.400 1,560 1,560 14,900 1,693 629 81,481 356,665 195,502 81,481 633,648
Page 20 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 Auditors, remuneration Yearto Year to 31 Mar 23 31 Mar 22 Fees payable to the Auditor for: Audit of the financial statements 1,560 1.560 Preparation of the financial statements 1,560 1.560 3,120 3,120 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries 487,360 502,537 487,360 502.537 The average head count of employees during the year was 31 (2022: 31). The average nurnber of full-time equivalent employees during the year is analysed as follows: 2023 No. 2022 No. Number of staff - Programme Delivery Number of staff - Support Costs 24 25 31 31 No employee received employee benefits of more than £60,000 during the year (2022: Nil).
Page 21 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 10. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 11. Tangible fixed assets Creche Fixtures & Fittings Office Fixtures and Equipment fittings Motor vehicles Total Cost At 1 April 2022 Additions Disposals At 31 March 2023 51,383 12,395 (9,582) 54,196 58,671 4,057 (14,225) 48.503 37.692 44.908 192.654 16.452 (23,807) 185,299 37,692 44,908 Depreciation At 1 April 2022 Charge for the year Disposals At 31 March 2023 39,041 9,457 (9,141) 39,357 38.510 3.009 (14,225) 27.294 25,746 2.389 44,908 148.205 14,855 123,366 139,694 28,135 44,908 Carrying amount At 31 March 2023 14,839 21,209 9,557 45,605 44,449 At 31 March 2022 12,342 20.161 11.946 12. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income Social security and other taxes 10,907 6,539 8,024 6,275 17,446 14,299
Page 22 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 13. Analysls of charitable funds Unrestricted funds At 1 April 2022 At Income Expenditure 31 March 2023 Unrestricted fund 15,825 15,825 Restricted funds At 1 April 2022 At Income Expenditure 31 March 2023 Restricted Fund 35.695 648,594 (648,695) 35,594 14. Related partles The director of the company listed below is also involved with other charitable organisations, as follows.. Dlrector Mr G McGowan Organisation Old Library Trust The transactions that arose during the year ended 31 March 2023 were as follows: Organlsatlon Old Library Trust Details of payments made Rental and service charges 37,260
Page 23 SURESTART EDENBALLYMORE COMPANY LIMITED BY GUARANTEE NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES 31 MARCH 2023 15. HSCB-Funding 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income per Accounts HSCB - Health & Social Care Board 642,093 642,093 623,391 Total Income 642,093 642,093 623,391 Expenditure per Accounts 2 Year Old Wages & salaries 2 year old programme costs Repairs & maintenance Cleaning & consumables Rent- Gasyard Programme rooms Coro Wages & salaries Telephone & internet Staff training & courses Staff Development and well-being Travel expenses Rent- Office & Programme rooms Rent - Creche (OLT) Heat, light & utilities Membership and Subscriptions Bank charges Minibus running costs Postage, stationery, IT & Offe Equipment Promotion costs Repairs & maintenance HR advisory & support service Creche support Miscellaneous programme costs Depreciation Accountancy fees Auditors, remuneration Insurance 170,998 15,807 3,050 284 7,958 170.998 15.807 3,050 284 7,958 168,572 16,580 1,838 307 8,205 316,362 7,254 3,909 4,683 1,160 18.600 9,630 10,883 1,825 446 4.957 7,893 7,550 953 900 666 23,061 14,855 1,560 1,560 3,783 316,362 7,254 3,909 4,683 1,160 18,600 9,630 10,883 1,825 446 4,957 7,893 7,550 953 900 666 23,061 14,855 1,560 1,560 3,783 333,965 6,713 559 1,422 18,600 9,500 9.728 1,938 536 2,358 8,933 2,689 485 900 986 10,307 14,900 1,560 1,560 3,400 Total expendlture 640,587 640,587 626,541 Less adjustlng non-cash items Depreciation 14,855 14,855 14,900 14,855 14,855 611,641 Add Capital Expenditure Fixed Asset Additions 16,453 16,453 11,767 Actual Expenditure 642.185 642,185 623.408
claremount chartered accountants SU?IKMC/AC/Audit REgisle OffJeE.' Our reference: 43 Clarendon StreeL Derry. BT48 7ER Your reference.. 7 September 03 Dale.. Tel: (028) 7126 6420 Fax.. {028} 7124 0936 The Board of Directors Surestart Edenballymore Lis Linn Centre Central Drive Creggan Derry Email= Infoco cliremount.net Website.. iTrTry.C1areM0unt.net Dear Sirs ASSURANCE REPORT OF FIXED ASSET REGISTER This report is produced for the purpose of reporting to the Board of Surestart Edenballymore and HSCB in connection w'ith accuracy of the fixed asset register. We confirm that all assets contained on the register have been verified and accounted for. Yours faithfully Gerald Heaney (Senior Statutory Auditor) CHARTERED ACCOUNTANTS IRELAND Omogh Offl¢¢. Ib BroDkrnountCrcEl Othagh. Co. T)]on¢. BT78 5FIG Tel.. 102818215 0530 Chartered Ac¢ountsThts. Taxation Advisors. Regisiered Auditors & Busines5 DevelOp[nt Specialists rn'th. FCA Kard KlcCaule> ACA Mu8hern. Co. Derry YT46 5BT Tcl. 1028179fy131?1
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