Charlty reglstrallon number NIC102304 Company reglstralion number N1040618 {Norlh8m Ireland) EAST BELFAST SURE START ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
EAST BELFAST SURE START LEGAL AND ADMINISTRATIVE INFORMATION Trustees B Mcconnell E Westerhuis M Martin T Hughes E Daly L Mccullough H McEvoy B Mccormick 8 Walla secrotary T Rlpley McElvogue Charlty number NIC102304 Company numbor N104C618 Reglsterod offlce 55 TemplemoreAvenu8 Belfast Co. Antrim BT5 4FP Audltor Kearney & Co 2nd Floor Donegall House 9&102 Donegall Street 8elfast BT12GW
EAST BELFAST SURE START CONTENTS Page Trustees, report Statement of trusteès, respon6ibllitles Independent audltovs report Statement of flnancial activit188 10 Balance sheet 11 Statement of cash Itows 12 Notes to the financlal statements 13-18
EAST BELFAST SURE START TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trus18es present thelr annual report and financial statements for the year ended 31 March 2023. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial stalernenls and comply with the charity's governing docvmenls, a deed of Irusl, the Companles Act 2008 and 'A¢counling and Reporting by Charities.. Statement of Recomniended Praolice appll¢able to charilies preparing their accounts in accoidance with the Financial Reporting Standard applicable in the UK and RepubSic of Ireland <FRS 102) (effective 1 Januery 2019) ObJectlvo8 and activltles East Belfast Sure Slart is a Government initiative targeting O-3 year olds and their farnilies, recognisln9 the importance of supportfng parents and carers, and the value of quallly experiences to very young childfen. The purpose of East Belfast Sure Start is to work with parents and chlldren to promote the Physlca, Intellectual, social and emotional developmenl of pre-school children - partlcularly those who are disadvantaged - to ensure they can flourish al home and when they gel to school. There has been no change in the charity's objectives during the ye8r. The Iru8lees have pald due regard to gui(lanc6 Issued by the Charity Commission In deciding what activitles the charity should undertake. Slgnlflcant activltles: The core services of East Belfast Sure Start are.. Outreach and home visiting serVIs, to mak8 contact as early as p0s81ble in the child'$ life and draw famille8 Into using other seNice8. Family support, including befriendlng, soclal support and parentirg informalion, both gfOUP and home based. Good quality Play, learning and child care exper1erS for children, both group and home based. Prlmary aTrJ community health-care ancl advlce. Support fix childr&n with special needs. both within the &Jre Start services offered and through signpostlng to more specialised seNices where necessary.
EAST BELFASTSURE START TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Public benefit The purposes of East Belfast Sure Slart are to promote the benefil of the Inhabitants of East Belfast. and in particular bul not exclusively chlldr6n undef four years of age and their families, wllhoul distinction of sex, age, spedal needs, ra, polliical, religious or other opinions by associating together Ihe said inhabitants, local aulhorilies, public agencies, voluntary and other organisations in a common effort, lo relieve poverty, sickness and disablement. The direct benefits which flow from thls purpose include.. Chlldren prepared for schoolleducalion Parenls aware and Informed of enllllement to soclal benefit 8ys*em, inclusion of children with special needs, a¢cessible, low cost childcare. These benefits can be demonstrated by.. Verbal feedback from parents whose chlldren attend chlldcare programmes Evaluation reports. questionnaires and surveys compleled by parents using a range of services, to preserve and protect health. Parents can be made aware and Informed of general heallhcare Issues for them and their family and Signposted to relevant specialisl support servi¢es such as chlld development clinics, 8Utlsm services and heallh and social care services in the voluntary and communily sectors. These benefits Can be demonslTated by. The number of children referred to specialist support servlces who will recalve early InteNenlion and beller health care lrnproved health and social care provided for and by familles. The Sure St8rt data base provides slalislleal returns of beneficiaries lo advance edu¢ation. The direct benefits which now from this purpose Inclu(Je-. Childron are able lo flourish al home and when they get to schwl Parents participaling in training and development programmes that enhance their skills, knowledge and parenting abililles. These benefits can be demon$lraled by.. Following training courses and parenting programmes evaluations carried oul with paren15 Children receiving quality care and education al Sure Start will leav6 Wlth Iransilion$ reports lo share with nurseries and primary schools. This will provlde facilities in the Interest of Social welfare for re¢realion and lelsure time occupation w51h Ihe objective of Improving Ihe conditions of life for the said inhabitants. The dir8ct benefits which flow from this purpose Include.. Families able to access social and leisure facilities lo improve the health and wellbeing of all the famSly These benefits can be demonstrated by.. Monlhly reports recorded on number of famllies who use the sernice and have improved access lo recreation and leisure facilllies. The beneficiaries afe famllies with pre-school children aged 0-3 and expeclanl parents, who live in the designated area forsure Start in the 250kn most disadvantaged wards ofN.I. All early years setting5 have been registered with social servlces and are inspected annually. Routine risk assessments are Garried out on all activities lo ensure health and safely for participants. by a qualified team. Policies and procedures are followed with due regard to ensure the health and safely of user groups. The only private benefit flowing from this purpose is that the Board employ a staff team lo carry out all services and provlsion5. This is incidental and necessary to ensure the org8nisalion provides benefit lo ils beneficiaries_ Policies and procediires are in place to safeguard Ihe organisalion and staff In terms of proper governance and accountability.
EAST BELFAST SURE START TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achievements and performance Demané for ServIS continues to be h&h. East Belfast Sure Start Currently has 3,890 registrations which has almost doubled from 2021122. Statistics for engagement in services are as follows: Children Mothers Fathers Families Antenatal 52Yo 59% 24% 610 820h INhllst we would like to incr6ase these figures, we recognise the environment in whlch we curr8nlly operate has dramatically Changed since the Covid pandernic which ha8 affected what setvices parents require and how they access them. E8$t Belfast Sure St8rt delivered: 3.863 one to one's in the form of home vists and m8etings with parents and children in our centr89. 1,547 families sign posted for servlces withln children's and family services. 2,59Q resour¢es were delivered to familles lo support their parents'ng journey. We delivered 193 targets ranging from servlces and programmes for Antenatal and Po8lnatal. children aged 1-2 years, developmental programmes for 2 year olds and children with addltional needs. This work is holistic and Includes work wilh the whole family. We have been challenged wlth 81afflng levels this year. We have had a higher level of staff turnover with staff movlng into new careers. RecFullment of early years staff is difficult which appears to hav8 been the effect of th8 Covid pandemlc. Sickness levels also remain al a higher level than pre Covid. This means that we ve not been able lo take as many children Into our child development sessions due to staffing ratios. The atmosphere that staff are worklng within is challenging with many more children presenting with additionol needs. Staff training and well being is a company priorlty to ensure Ihat staff have up to date skills lo support them in their work and also the 8bilily through the year lo gather Sn a more informal way to increase staff moral and support thelr mental health In work. We conlinue lo make the social and amotlonal development of our children a priority of our delivery and with Ihat we have a strong emphasis on speech and eommunlcation in all programmes wilh both children and parents. We a grateful that our core fundirvJ from Departm8nt of Education admlnistered through SPPG for 2022123 nduded an uplift to meet the rising costs of goods and services. Flnan¢lal roview The results for the year are sel out on the Statement of Financial Aclivilies. Resulls are good and incom8 remained healhly. Surplus for the year was £15,266 of which Reslrict8J Funds were £4,906 and Unrestricled Funds were £10,360. The reserves at the year end were £15,266. 11 is the view of the trustees, that given the nature of the charity and ils activities and in particular ils relatively slable funding, that minimum reserves are required. Principal lundlng sources The maln source of grant funding for the charity has been and Is currently the Deparlrnent of Education administered through SPPG. This is supplemented by a number of smaller grants.
EAST BELFAST SURE START TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Th8 trustees have assessed the Major risks to which the charily is exposed. and are satisfied thal systems are In place to mitlgate exposure to the major risks. Major risk is a material reduction in funding. This has been secured for 2023124. Plans for luture perlod8 Future plans It has been a challenge lo think about future developments wllh the threat of cuts to the government budgets. ilsl our budget has rèmained the same for 2023124 our costs are increasing due to Inflation. Our priority is to provide an excellent se[ce for our families and we will work within our future budget to ensuré that. However, any fundlng cuts will mean that less families and children will be abl8 to acces6 our much needed services. Structuro, governance and management The charity Is a company limited by guarantee. as defined by Companies Act 2006. The InJsle&s, who ar8 81$0 the dlre¢tors for the purpose of company law. and who served during the year and up to the date of Signature of Ihe financial 8talemenls were.. B Mcconnell E We$lerhuis Martin T Hughes E Daly M H8ndron A Kelly L Mccullough H McEvoy B Mccormlck B Wallace {Resigned 12 September 2022) (Resigned 11 October 2022) None of the trustees has any beneficial interest in the company. All of the trustee$ are members of the company and guarantee lo conlribule £1 in the ev8nt ol a winding up. The directois of the company are also charity trustees for the purposes of Charity Law. Under the requirements of the Memorandum and Articles of Association directors are elected al an AnnLr General Meetr'ng by the members (in person. or through an aulhorised repSentatIVe or by proxy). All new directors r6ceive in-house inductlon and training appropriate to their roles. East Belfast Sure Start has a Management Committee. made up of Trustees, The Committee meets regularly and are responsible for the strategic dlrection and policy of the charity. The day to day responsibilty for the provision of the seNices rests with the manager and the senior management team. Audltor In a¢cord¥Jce wllh the company's arts'cles. a resolution proposlng that Keamey & Co be reappoint8d as auditor of the company will be put at a General Meeting.
EAST BELFAST SURE START TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Disclosure of Information to audltor Each of ihe trustees has conf1md that there is no Information of which tbey are aware whlch is relevant to the audit, bul of which the auditor is unaw8r&. They have further conflrm8d that they have taken appropriatè steps to idenbty such relevanl information and to establish that the auditor is aware of such Informatlon. The trustees. report was approved by the Board of Trustees. TRiple McEIvo Secrètary 20 Septefftbèr 2023
EAST BELFAST SURE START STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The trustees. who are also the directors of East Belfast Sure Start for the purpose of company law, are responsib for preparlng the Trustees, Report and the financial statement8 in accordance with applicable law and United KingdomAccounling Standards {Unlted Klngdom Generany A¢tspted AGrounting Practlce). Company Law requires the trustees to prepare financial statements for each financial year whlch 9ive a tru8 and fair view of Ihe slate of affairs of the charity and of the incoming resources and application of resources, induding the IrMe and expenditure. of the charilable company lor that year. In preparing Ihese financial stalernents, the trustees are required to.. select suitable accounts'ng policies and then apply them consistently, obsenie the methods and principles in the Charities SORP,. - make Judgements and e81imates thal are reasonable and prudenl., state whether applicablé UK Accounting Standards have been followéd, subject to any material departures dlsclosed and explained in the financlal slalements., and prepare the financial statements on the going concem basls unless11 is InapkYoprlat6 lo pr05ume that the charlty will contlnue in operation. The trustees are responsible for k8eping adequ8te accounting records Ihal disclose wllh reasonable 8ccuracy at any lime the financial posill¢)n of the charlty and enable them lo ensure that the financial statemen Is ¢oniply With the Companies A¢t 2006. They are also responsible for safeguarding the assets of the charily and hence for taking reasonable steps for the prevenlion and detedion of fraud and other irregularities.
EAST BELFAST SURE START INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EAST BELFAST SURE START Opinlon We have audited the financial statements of Easl Belfast Sure Start (the 'charity') tor the year ended 31 March 2023 which comprise the statement of financial activities. the balan sheel, the statement of cash Ifows and notes to the financial statements. including significant accounting policies. The financial rèporting framework that has been applied in Ihelr preparation is applicable law and United Kingdom Accounting Standards, includlng Financial Reporting Standard 102 The Financial Reporting standard applicabl& lil th8 UK and Ropublic of I18[1d (United Kingdorn GenerallyAccepted AcGounting Practice). In our opinion, the financial statements.. give a true and fair view of the stale of the charltable companls affairs as at 31 March 2023 and of its incoming resources and 8pplicalion of resour5, includlng ils income and expendrture, for the year then &ndèd: have b88n properly prepared in accordance wllh United Kingdom Generally Accepted Accounting Practi,. and have been prepared In accordance with the requirements of the CompaniesA¢t 2006. Basls lor oplnlon We eonducted our audit in accordance with Inlernational Slandaids on Audiling (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described In Ihe Audiloffs rasponsibililies for Ilie &iidil ol the financial stalements section of our report We are iiidependent of the charity in accordance with the ethl¢al r6quiiements that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other elhical responsibilllles in accordance with these requSremenls. We belleve that the audit evidence we have obl8ined is sufficient and appropriate to provlde a basis for our opinlon, Concluslons relating to golng concern In auditing the financial statements, we have concluded that the trustees, use ol the going concem basis of accounting In the preparation of the financial slalements is approprlale. Based on the work we have performed, we have not id&nlified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going concern for a period of al least Iwelve months from when the financial statements are aulhorlsed for issue. Our responslbilitlgs and tha r8sponslbllltles of Ihe trustees with respect lo going concern 8re described In the relevant sectlon$ of this report. Othei Informatlon The other information Gomprises the Informallon included in Ihe annual report other than the financial statements and our audllor's report thereon. The trustees are responsible for Ihe other infomiation contained within the annual report. Our opinion ¢)n the financial slalemenls does not cover the other information and, except to the extent olhernise explicilly staled in our report. we do not express any form of as8urance condusion thereon. Our responslbillty 15 to read the other infomiation and, in doing so. consider whelher the olher Information Is materlally inconsistent with Ihe financial statements or our knowledge oblained in Ihe course of Ihe audit, or otherwise appears lo be materially misstated. If we identify such material inconslslencies or apparenl material misslalemenls. we are required lo determine whether this gives rise lo a material misslalemenl in the financial statements themselves. If, based on the work we hav8 perfomied, we conclude that there is a material misslatemenl of this other information, we are requlred to report that fact. We have nothing to report In this regaré. Opinions on other matters prescribed by tha Companles Act 2Q06 In our opinion, based on the work undertaken in the course of our audit. the infoimation given in the trustees. report for the financial year for which the finallcral statements are prepared. which includes the directors, report prepared for the purposes of company law, is consistent wilh the fnancial stalemenls., and the threctors, report included within the trustees, Teport has been prepared in accordan with applicable legal fequirernents.
EAST BELFAST SURE START INDEPENDENT AUDITOR'S REPORT (CONTINUED) TOTHE MEMBERS OF EAST BELFAST SURE START Matters on which we are requlred to report by exceptlon In the light of the knowledge and und8rslanding of Ihe charity and Its anvironment obtained in lh6 course of the aLKlil, we have not id8nlrfied rnalerial misstat&ments in the directors, report Included within the Iruslees, report. We have nothing to report in respect of the following mallers in relation ta which the Companies Act 2006 requires us to report to you If, in our opinion= adequate accounllng records have not been kepc or returns adequate for our audit hav8 not been received from branche5 not visited by us., or the financial statements ar8 not in agreement with thè accounting records and return$,- or certain disclcsur85 of trustees, remuneration specified by18w are not made., or we have not received all the information and explanaon9 we requlre for our audlt, or the trustees were not entitled to prepare the financial statements accordance with the small companles regime and lake advantage of the small companies, exemptions in preparing the trustees, repart and from the requirement to prepare a slrateglc report. Rgsponslbllltles of trustees As explained more fully In the statement of trustees, responsibililles, tha Iruslees, who are also the directors of the charity for ttr£ purpose of company law, are responsible for th8 preparation of the financial stat8men15 and for being satisfied that they give a true and fair view. and for such inlernal control as the Iruslees determine is necessary to enable the preparation of financlal slalemenls that are free from material misslatemenl, whether due to fraud or error, In preparing the financial statements. the trustees are r8sponsible for assessing the ch8rily's abillty to continue as a golng concern, disclosing, as applicable, matters lated to going concern and using Ihe going concern basls of accountlng unless the trustees either intend to liquidate the charitable company or lo cèase opgratsons, or have no r8alisllc allernalive bul lo do so. Audltor's responsibilitles for the audlt ol the financlal statements Our objectives are lo obtain reasonable a8suranc8 ebout whether the Ilnancial statements as a whole are free from rnalerial missl8tem8nt, whether due to fraud or error. and to issue an auditor's report that includes our opinlon. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wrth ISA8 (UK) will always detect a m8lerial misslalernent when it exists. Misslalements can arise from fraud or error and are considered rnaterial if. Individually or in the aggregale, they could reasonably be expected lo influence the economic decision5 of users taken on the basis of these flnancial statements. The extent to which our procedures are capable of detecting Irregularttle$, includlng fraud, Is detailed below. A furlh8r description of our responsibililles is avallable on the Financial Reporting Council's websil8 at: https'.11 Www.fvc.Qfg.uaUd1torsresponslbl1lIres. This descriplion forms part of our audllor's report, This report is rnade 501ely to the company's members, as a body, in accordance with the Companies Act 2006. Our auditwork has been undertaken so that we might slate to the company's members those rnallers we ar8 required to state lo them in an auditor's report and for no olher purpose. To the fullest extent permitted by law, w8 do not accepi or assume responsibility to anyone other than the company and the company's members as a body, for our audlt work, for this report, or for the opinions we have formed.
EAST BELFAST SURE START INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF EAST BELFAST SURE START May Glbbons {Senior Statutory Audltorl for and on behalf of Kearney & Co 20S ember Chartered Accountants statutory Audltor 2nd Floor Donegall House 98-102 Donegall Str891 B8lf881 BT12GW
EAST BELFAST SURE START STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted R•stsl¢led funds funds 2023 2023 Total Unr8Strl¢t8d Rostrlcted funds funds 2022 2022 Total 2023 2022 Notes 8fro Donations and legacies Charilakje aclivitles 420 420 1,087,490 1,087,490 1,020,792 1,020.792 Total Income 420 1,087,490 1,087,910 1,020,792 1,020.792 Charitable a¢Uvllies 1.090.165 1,090,165 1,012,532 1.012,S32 Net Incomellexpendltur8) for tho yearl Net rnovemant In funds 420 {2,67S) (2,2551 8,260 8,280 Fund balances at 1 April 2022 9,940 7.581 17.521 9,940 (879) 9,261 Fund balances at 31 March 2023 10,360 4,906 15,266 9,940 7,581 17,521 The statement of financial activities Includes all g8ins and losses recognised In the year. All Income and expenditure derive from continuing activities. The statement of financlal acllvllles also complies with the requirements for an income and gxpendllure aG¢ounl under the Companies Act 2006. 10-
EAST BELFAST SURE START BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Notes Current as$•ts Debtors Cash at bank and in hand 10 14,864 43,664 9,801 45,425 58,528 55,226 Credltors: amounts falllng dug wlthln ono year 11 {43.2621 137,705) Net current assets 15,268 17,521 Incom8 fund8 Reslricied funds Unrestricted fvnds 4.906 10.360 7,581 9,940 15,268 17,521 The ffinanc181 stale nts were approved by the Trustees on 20 September 2023 E Weslerhuis Tru8te• B Mccormiek Tru8teo Company reg18tratlon number N1040618 11
EAST BELFAST SURE START STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from operating actlvfts Cash (absorb&d by)Ig6n8rated from operations 14 (1,761) 6,873 Net cash usod In Investing actlvltles N•t ¢ash u8od In flnanclng actlvitles Net {d&craase)Ilncrease In cash and cash equfval¢nts (1,781) 6,873 Cash and cash equivalent¥ at beginning of year 45,425 38.552 Cash and cash oqulval•nts at end of year 43,664 45,425 12-
EAST BELFAST SURE START NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policles Charlty infomiatlon East Belfast Sure Start Is a privat6 company limited by guarantee incorporated in Northern Ireland. The registered office is 55 Templemore Avenue, Belfast, Co. Antrim, B T5 4FP. 1.1 Ac¢ountlng conventlon The financial statemanls have been prepared in accordance with the charity's [governing documenll. the Companies Act 2006, FRS 102 'The Finanaal Reportlng Standard appllcable in the UK and Republic of Ireland" (°FRS 102.) and the Charlties SORP "Accounts'ng and Reporting by Charities.. Statement ot RÉcornmended Pracllce applicable to charilies preparing their accounls in accordanGe with the Financial Reporting Standard applicable in th@ UK and Republic of Iréland (FRS 102)" (effective 1 January 2019). The charity is a Publlc Benefit Entity as defined by FRS 102. The flnaneial statements are prepared in steillng, which is the functional currency of the eharfly. Monetary arnounls in these financial statements are rounded to th8 nearest £. The financial statements have been pr•pared under the historical ¢08t conventlon, Imodified to Include the revaluallon of fre8holé properties and to Include investment properties and certain financlal Instruments al fair valuel. The principal accounting policies adopted are sel gut below. 1.2 Golng concern At the lime of approving the financlal statements, the truste88 have a reasonable expectation that the charity has adequat8 resources to continue in operational existence for the foreseeable futur8. Thus the Irustee5 continue lo adopt the going concern basis of accounting in preparing the financial statements 1.3 Charitable fund8 Unrestricted funds are available for use at the dlscretion of the Irustges In furtherance of Iheir charitable objectives. Reslricled funds ale sublecl to specific conditions by donors as to how they may be vsed. The purposes and use5 of the reslrlcled funds are sel out in the notes lo the financlal stalernents. Endowment funds are Subject to Specific conditions by donors that the capllal musl be malntained by the charity. 1.4 Income Income is recogni5ed when the charity is legally enlltled to it after any performance condllions hav8 been met, Ihe amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on rècèipt. Other donallons are recognised once the charity has b8en notified of the donation, unless performance conditions require deferral of the amount. Incom8 lax recoverable in relation lo donalions received under Gift Aid or deecls of covenant 1$ recognised al the lime of the donation. Legacies are recognised on receipt or otheiSe if the charity has been notified of an impendlng distribution, thè amount is known, and receipt is expected. If the amount is not known, the legacy is treatèd as a conlingenl asset. Giants receivable income, where related lo performan and specific deliverables, is accounted for as the Charity earns the right to consideration by ils perfomanGe. Vvhere income is received in advance of performance. its Tecogni1Son is deferred and included in creditors. Where enlillement occurs before income Is received, the income is accrued. 13-
EAST BELFAST SURE START NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcie5 Icontlnued) 1.5 Expendlture Expenditure is recognised onc8 there is a legal or constructive obligation lo transfer economic benefil to a third party, it is probable that a transfer of economrc benefits will be required In settlement, 8nd the amount of the obligation can be measured reliably. Exp&nditure is classified by activity. The c05t$ of each activity a m8de up of the total of dir1 costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs allrlbulable to a single activity are allocated dlrectly lo that activity. Shar8d costs which contrlbute to more than one activity and support costs which are not attributable to a slnye acllvity are appt)rtioned between those aclivilles on a basis consistent with the use of regources. C8ntral staff SIS are allocated on the basis of tim8 spent, and depreclation charges are allocaled on the portion of the 8ss8t'5 use, 1.6 Tanglble flxed a88ets Tangibl8 fixed assets are Inillally measured at cost and subsequently measured al cost or valuatlon, ngt of depr8clalion and any Impalm8nt Ioss8$. DeFYeckgtion is recognised so as lo write off the cost or valuallon of a$s81s less the1r resldual values over their useful lives on the following bases. Property Improvemènts Fixtures and fittings 100h straight line 20¥0 slraight line The gain or IDSS arislng on the disp08al of an asset is delemiined as the difference between the sale proceeds snd the carrying value of the asset, and Is recognised in the statement of financlal 8clivilles. 1.7 Cash and cash equlvalent8 Cash and cash equlvalents include cash in hand. deposlts held al call with banks, other short-term liquld investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown within borrowings In current Ilabililies. 1.8 Flnanclal instruments The charlty has elected lo apply the provisions of Sectlon 11 'BasiG Financlal Instrum8nls' and SectSon 12 'Other Financlal Instruments Issues. of FRS 102 to all of its financial inslrumenls. Financial instruments are recognised in the charity'y balance sheet when the charlty becomes party to the contractual provisions of the instrument. Financlal assets and liabilities ar8 offsel, wlth the net amounts presented in the financial statements, when Ihere is a légally enforceable right lo sel off the re¢ognised amounts and there is an intention to settle on a nel basis or to realise the asset and sellk the liabilily simullaneousty. 8aslc flnanclal assets Basic financial assets, which inCle deblors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective Interest method unless the arrangement constitutes a financing transaction, where Ihe transaction is measured al the present value of Ihe fulure reIPtS discounted al a market rate of interest. Financial asséts classified as receivable within one year are not amortised. 14-
EAST BELFAST SURE START NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policles (Contlnued Baslc flnancial Ilabllltles Basic finanGial1Sabililies, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslilules a financing Iransaction, where the debt instrument Is measurerj et the present value of the future payments discounted at a market rale of interest. Flnancial Ilabililies classified as payable within one year are not amortised. Debt Instruments are subsequenlty Carrled al amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services thal have been acquired in the ordinary course of operations from suppliers. Amounls payable are classified as Current liabilities if payment is du6 within one year or less. If not, Ihey are presented as non-currenl liabilities. Trade Cfedilors are recognis&d initially al transaction price and subsequently measured at amor11sl Cost using the effective interest method. Derecognltlon of flnanelal Ilabllitlos Financial liabllitles are derecognised when the Charity's Contractual obli981ions expire or are dlscharged or cance118d. 1.9 Employee bengflts The c08t of any unused holiday 8nlillemenl is recognI8ed in the perlod in whlch the employe8's services are received. Termination benafi'ls are recognised immediately as an expense when the charity is dernonslrably committed to lermlnate the employment of an employee or lo provide termination benefits, 1.10 Retlrament benelits Payments lo defined contribution rellrem8nt benefit $cheme8 are ¢h8rged as an expense as Ihey fall due. ¢rltl¢al accounting estlmates and judg•ments In the application of the charlly's accounting policies, the trustees are required lo make judgemenls, estimates d assumptions about the carrying amount of assets and liabilities that are not readily apparent from olher Sources. The estimates and associated assumptions are based on historical 8xperience and other faclors that are considered lo be r8levanl. Aclual results may differ from these eslirnate5. The eslim8tes and underlying assumptlon$ are reviewed on an ongolng basis. Revisions lo accounting estimates are recognised In the period in which the estimate is revised where the revision affects only that peri¢)d, or In the period of the revlsion and future periods where the revlsion affects both Current and future periods. Donatlons and legacles Unrestricted funds Total 2023 2022 Donations and gifts 420 15-
EAST BELFAST SURE START NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activitles 2023 2022 DOE SPPG East Side Partnership Ea8t Belfast Community Dev Agency Connswaler Homes Grant Bewast City Council Solas DOE Fundlng oth6r Income 1,046,840 1,007,182 1,459 1.864 9,560 4,346 500 2.500 1,997 18,618 9,018 4,600 1,087,490 1,020,792 Charltable activltles 2023 2022 Staff costs Rent and rales Insurance Heat and light Templemore Service Charge Telephone and Inlernel Postage and stallonery Repairs and maintenance Compuler running costs Travel expenses Health and safety Subscriptions Training Bank charges Ger*ral expenses Other charitable expenditure 743,764 69.696 6,303 13,734 20,480 6.101 11,802 18,044 2,632 2,428 2.000 5,080 8,161 819 1,351 174,170 708,238 63,531 3,412 7.396 20,480 4,786 6,889 25.980 4,291 2.238 1,855 3.142 9.087 713 1,886 144,608 1.086,565 1,008,332 Share of governance costs (see note 6) 3.600 4.200 1,090.165 1.012,532 16-
EAST BELFAST SURE START NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Govfrrnance costs costs 2023 2022 Audit fees 3,600 3,600 4,200 3,600 3.600 4.200 Analysed beeen Charitable actlvlties 3,800 3,600 4,200 Governance costs Includes payments to the auditors of £3,600 (2022- £4,200> for audit fees. Tru¥tees Non9 of the trustees (Of any persons connected wSlh them) received any remuneration or benefits from the charity during the year. Employees rhe average monthly number of emplcyees durlng the year was". 2023 Numbor 2022 Number 41 42 Employment cos18 2023 2022 Wages and s8larie8 Social security costs Other pension costs 666,356 22.829 54,579 643,391 18,744 46,103 743,764 708.238 There were no employees Ose annual remuneration was more Ihan £80.000. Taxallon The charity is exempt from tax on income and gains lalling within secti¢)n 505 of the Taxes Act 1988 or section 252 of the Taxaiion of Chargeable Gains Act 1992 to the extent that these are applied lo its charitable objects. 17-
EAST BELFAST SURE START NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Debtor8 2023 Amounts falling due wlthln one year: 2022 Other debtors 14,864 9,801 11 Credltors: amounts falling dua wlthln ono year 2023 2022 Accruals and deferred Income 43,282 37,705 12 Analy819 of nel a8s•tg betrween fund8 Unrestrlcted Restrkled funds funds 2023 2023 Total Unre$trl¢tod R88trlct•d fund8 funds 2022 2022 Total 2Q23 2022 Fund balances 8t 31 March 2023 are represented by., Currenl as8elsllliabiliti8s) 10,360 4,906 15.266 9,940 7,581 17,521 10,36D 4,906 15,266 9,940 7,581 17,521 13 Related party tran$actlon8 Them w8re no disclosable related paty transactions during the year (2022 - none) 14 Cash genorated from operation8 2023 2022 {Deficit)15urpus for the year {2,255} 8.260 Movements In working capital.. (Increase) In debtors Increase in creditors 15,063) 5,557 (9,448) 8,061 Cash (absorbed byllgen8rated from operatlons (1.761) 6,873 15 Analysls of changes in net funds The charlty had no debt during the year. 16 Share capltal The Company is limited by guarantee and has no share capital. 18-