REGISTERED COMPANY NUMBER: N1040060 INorthern Ireland) REGISTERED CHARITY NUMBER: NIC102504 ort of the rustee5 and Financial Statements for the Year Ended 31 March 2024 for South Belfast Sure tart A Compan Limited b Guarantee Lynn Di"ake & Co Ltd Statutory Auditors I st Flooi- 34 B-D Main Street Moira Co. Annagh BT67 OLE
South Belfast Sure Start Contents of the Financial Statements for the Year Ended l March 2024 Page Reference and Administrative Detalls Report of the Trustees Report of the Independent Auditors 10 to 13 Statement of Financial Activities 14 Statement of FinaTheial Position 15 Staternent of Cash Flows 16 Notes to the Statement of Cash Floivs 17 Notes to the Fiiianci&l Statements 18 to 32 Detailed Statement of Fiiiancial Activities 33 to 34
South Belfast Sure Start Reference and Administrative Details for the Year Ended 31 March 2024 TRUSTEES Eleanor Jordarl (resigned 161412024) Eelco Westerliuis (Tesigned 281912023) Williain Olphert (resigned 61612024) Ruth Pritchard (resigned 291612023) Nikkn. Johnstoii Joan Henderson Sandra Webb Siobhan McDonnell Jarnes Scott Grainne McHugh Ain¢ Grogan Gerry Tubritt (appointed 281912023) COMPANY SECRETARY Nikki Jolu]ston REGISTERED OFFICE 9 Lower Crescent Belfast Co. Antriin BT7 INR REGISTERED COMPANY NUMBER N1040060 (Northem Ireland) REGISTERED CHARITY NUMBER NIC102504 AUDITORS Lynn Drake & Co Ltd Statutory Auditors 1st Floor 34 B-D Main Street Moira Co. Annagh BT67 OLE CHIEF EXECUTIVE Ms Joy Poots
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the puOSe8 of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the pi'ovisions of Accounting and Reporting by Charities.. Staleinent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of li-eland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTtVlTIES Principle thctivities The principal activities of the company are the provision of activities for th¢ benefit of children aged 0-3 years and their families living iii the Soutli Belfast Sure Start catchinent area. South Belfast Suie Start was establislicd in 2001 with 4 aiins.. ( l) To IiY)prove Health (2} To Iinprove the Ability to Learn (31 To Improve Social and Emotional Wcll-Being (41 To Strengthen Families and Communities
South Belfast Sure Start ort of the Trustees f r th Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Significant activities Services and Programme5 acr05S the year The services that SBSS delivered were agreed with SPPG al the oulsel of the year through 64 different targets coveriiig a raiige of areas including anteiialal, postsialal, family support, play prograiTllnes, Developmental Prograinines for 2-3 Year Olds, parenting prograinmes, physical activity, health and wellbeing, etlinic minority services, additional needs and speechllanguagelcommunication support. While we were pemiitted to decrease soine of the targets throughout tlie year due to staffing issues, by the end of the y¢ar all but one of the 64 targets were fully met and frequently exceeded. In additioii to the core funded activities th¢r¢ was a raiige of coinplein¢ntary services, specific targets and extra capacity delivered through the Urban Villages 'A Place for Me,, Roma Hop¢/Speranza and the STEP projects. Given tlie wealtli of actLVLties, prograinmes aiid services il is only possible to higlilight soinc of the key areas of delivery over 2023124 as follows.. (1) 200 pi-egnant won]cn registered with 150 of thesc using onc or more services such as antenatal workshops, Real Birth, Hypiiobirthiiig, Antenatal Yoga, Aqua Yoga and l.. I support (2) 116 new Murns and Dads attended one oi- mol-e of the 8 Baby Cat¢s held weekly in 8 different settings. As well as the staff and peer support Baby Cafes offer, they were the inain inechanism for delivering prograinnies such as Baby Massage, W¢aning/Introduction lo Solids, Baby Sensory, 'Changing Tiine is Chatliiig Time, and Soiig aiid Rliytne Tiine iii tlie posliialal period. (31 242 parentslcarers witli 260 cliildren attended one or Irore of the 10 parent and toddler groups run weekly across 8 diff¢r¢nl venues. {4) 150 children aged 2-3 years attended yearlong DPt2-3YO's, Child Developinent or Loving Learning pi'ogrammes each week for eithei. 3 or 4 sessions. A furthei- 76 cliildren aged 1-2 years attended one of 8 Play and Developineiil prOgra1neS over 6-8 weeks. (5) Tlie children of 28 faiiiilies were provided witli l or 2 inoniiiig or afternoon respite childcare sessions a week for between 6 and l 5 weeks lo siipport tliein when the family were going through challenging tILnes. (6} 32 children attended one of 6 'Play and Discover, programmes held acioss the year. These programmes are targeted to childreii and tlieir parent where tliere are social cominunicatioii or developmental concerns aiid are facilitated by the Special Needs Fainily Support Worker &iid Speech and Language Therapist. (71 Alinost 400 childreii and 375 pareiits went OEI trips or eiijoyed a special holiday event organised in their locality such as faiins, indooi. play cenlies, petting faiin visits and outdoor parks and beaches. (8) Alinosl 2000 home or centre based l..1 visits to for a wide range of purposes including initial registtations, generic family support, hoine based programimes such as SLC and beliaviour management, suppoit with accessiiig specialist services, discussion of children's progress in settings and emotional suppoitlcontainment. (9} Ovei- 500 families experiencing financial, and poverty related issues were supported with resources or helped lo gain access to these through colnunity partners, iiicluding food bank referrals, food and e1 voucliers, prams and baby equipment, children and adult clothes, books and toys.
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES {10) 40 different programmes (in addition to ante and postnatal} were delivered within the themes of health and well-being. personal development, parenting, physical activity and nutrition and cooking with up to 250 parents attending at least one of these PTograiTllnes. Public Benefit To improve the healtli and well-being of cliildren aged 0-3 years living in disadvantaged communities or circumslaiices in South Belfast through the provision of health and social care services to children and their parentslcarers as well as to pregnant woinen. The direct benefits which flow from this purpose is that througli services and infonnation to parents and pareiils to be, they will be supported to prevent ill health aiid developmental delay in their children- identify health and developmental issues at an early stage and access other seivices that their children may require, These benefits are demonsti'ated 11]rough quarterly aiid atlliual activity reports and oul¢omes-based evaluation. This purpose does not lead to hann. The beneficiaries of this putTrose arc; Children aged 0-3 y¢ars and, their parents and carers and expectant parents primarily living in the South Belfast Sure Stait catchment area. A private benefit to trustees may arise if the knowledge they gain as a trustcc in regards, to good governance and heallli proinotion is transferable to aLioili¢r setting. These benefits are incidental and necessary to ensure the benefit is provided to tlie beneficiaries. To improve the social aiid einotional developinent of cliildren aged 0-3 years living in disadvantaged cominiinities or circuinstances in South Belfast through prograinlnes and services that support parents, in caring foi. their childi-en. The direct b¢iiefits which flow from this purpose is that by providing fainily support services to parerAts, cai'crs and parents to be, they will b¢ supported to dcvelop healthy attachments with their infants, good parentiiig skills, better family functioning and iinpi-oved ¢coiioinic ]d eiivirotllnental circumstances. These benefits are demonstrated through quarterly and annual activity reports and out¢omes-based evaluation. A risk may arise if through the provision of family support services, a child or parent/carer is hanmed by a inernber of staff or a member of staff is hanned iii tlie course, of their duties. These risks are iiiiniinised through the iinpleLneiitatioii of Child Protectioii aiid Vuliierable Adults policies, staff supervision and Lone Woi'king policy and are outweighed by the overall benefits lo childi'en and fainilies. This purpose does not lead to harm. The beneficiaries of this puipose are.. Children aged 0-3 years, their parents and carers and expectant mothers and fathers primarily living in the South Belfast Sure Stait catcliineiit area. A private benefit to trustees may arise if tlie knowledge and experience Iliey gain as a trust¢¢, in regards to good goveniance and fainily support is transferable to another setlillg. These benefLts are incidental and iiecessary to ensure tlie benefit is provided to the beneficiaries.
South Belfast Sure Start ort of the Trustees for the Year End d 31 March 2024 OBJECTIVES AND ACTIVITIES To improve the ability to learn of children aged 0-3 years living in disadvantaged communities or circumstances in South Belfast through the provision of early years services. The direct b¢nefits which flow from this pUoSe is that through the provision of early year's services children will be engaged in sliinulating play and language enrichment prograiTllnes that support their learning and development. These benefits are deiiionstrated through quarterly and arlnual activity reports and outcoines-based evaluation. A risk inay arise if tliroLigli the provision of these services a child is hanned by accident or intent, however these risks are minimised through child protection and health and safety procedlires and adlierence to DHSS&PS regulations and are outweiglied by tlie overall benefits to children. This purpose does not lead to hann. The benefkCLaries of this purpose are.. Children aged 0-3 years, their parents and carers priinai'ily liviiig in the South Belfast Sure Start catchment area. A private benefit lo trustees may arise if tlie knowledge aiid experience they gain as a tjustee, in regards to good governancc and early yeai's is transferable to another setting. These benefits are incidental and necessary to ensure the b¢n¢fil is provided to the ben¢fi¢iaries ACHIEVEMENT AND PERFORMANCE ValuL¥S Soutli Belfast Sure Start is an orgaiiisation that seeks lo treat everybody with fainie8s and equality. We strive to be open, honest aiid respectful to all. W¢ endeavoiir to involve and empower, coininunities, fainilies, cliildren and staff lo grow and develop. As an organisation w¢ will actively listen, act with integrity and hold oui'selves accouiitable, The programine is core funded by tlie Department of Education (thi'ough Ilie SPPGIDOH) and managed by a Board of Directors that is a partnership of commuiiity, voluiitary and slattilory agencies that work together to iinprove outcomes for young children and their families in the catchinent area. SBSS has worked witli th¢ SPPG at tlie Departinent of Health to develop tL]e core Sure Start services within an Outcoines Frainework. All activities and seivices that are coinmissioned through tlie core DE funding are recorded on a Sure Start Pi'ogranunes infom]ation system. In addition, SBSS as a Limited Company has obtained funding for prograinines and activities that add value or are coiiiplementary to the core DE funded services aiid respond to needs that could iiot b¢ inet within the restrictions of the core anLiiial budget. These accounts provide a clear record of the funding received, expenditure and activities that derive from the core DE funding and other funding sources.
South Belfast Sure Start ort of the Trustees for the Yegdr Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Budget Context Unfortunately, 2023 opened with huge uncertainty &round both core DE funding and other goveminent nding streains. Staff, the Board of Directors and client and past parents coalesced with other Belfast Sure Start progi'ammes lo lobby strongly against suggested cuts of 200/0. In early June w¢ received confirniation that budgets would not be cut and that we would be oil a flatline budget. However, with the annual increase in the Minimurn Wage and high inflationaiy costs on goods and services tliis was a cut in real tern]s and inevitably led lo a reductioii in services and unfilled poststhours withiii the organisation in 2023124. The majority of staff received no pay uplift in this financial y¢ar. The TEO'S Urban Villages revenue programme also concluded meaning that the 'A Plac¢ for Me, prograinme, ended. However, two other programmes STEP and th¢ RoiTJa Hope project did receive sufficient fullding to continue. In addition to th¢ reduclioii iii the nuinbei. of prograinines (including the UV Special Needs prOgra1ne) and places for chi Idi-en, the impact of this funding iincertainty has been on staff moi'ale and financial planning. While initially staff were upbeat about their part in fending off heavy cuts, once again the general uncertainty played a role in soine skilled staff leaving the organisation for otlier jobs. Replacing Early Years staff in particular became increasingly difficult, which again has an impact on the services for children. Addressing Access and Partlcipation SBSS continued lo work throughout the year to iniprove the access to, and engagement of, all families and arers living iii the catclunent ai'ea. This includes.. (l} Fathers/inale carers Ilie iiuinber of fathers registered rose again this year to 485 with 40% of this number actively using services. The increase is largely due to more fathers registering along with their partners antenatally and attendiiig the workshops and progratnmes which are often held in tlie evenings or weekends to fa¢ililate that. While some of these Dads continue to engage in s¢rvi¢¢s postnatally such as Baby Cafes when they can, active involvement does tend to fall off as the children get older. (2) Newcomer fainilies South Belfast is a veiy diverse community and a third of registered families are from another country and/or etkniic miiiorities. This includes asyliiin seekers living in 'contingency accommodation, sucli as fonner hotels and B&B's and family SLlPPOrt staff have been involved in the iiiiilti-agency Fainily Help service and suppoitiiig these fainilies to access servi¢¢s in local Sure Start venues. SBSS continu¢d delivering 2 targeted ethnic ininority prograinm¢s for Chinese and Roma families. (3) Children with additional needs - only a minority of children with additional needs will have a fonnal diagnosis before they tum 4. As parents and tlieir children often find it overwhelming to engage in busy drop-in services like parent aiid toddler groups, SBSS has coiitinued to develop activities and prograinmes tliat cater specifically to th¢ needs and developnienl of these children. This has included the Play and Discover groups, sinall Child Development Progralnmes of 5-6 childreii, support in the home and proinotiiig the use of contt'acted places witli oui. partner agency Solas (a special needs cliarity).
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Qllality improvement initiatives within SBSS The Family Support and Early Years teains continued to work together to produce evidence for localised planning and evaluation to ensure effective service delivery. Online prograrTllne evaluation fonns at the end of each programme are used to infom] futtlre service delivery within individual areas and the wider Sure Start areas. The family support teain withiii tlie Inner and Outer areas continued to provide support across geographical areas depending on skill set and capacity, along with joint services for parents and children e.g., 'Come Sing with Me,, Singing for Health and Parenting Puzzle. Weekly allocation meetings also provided a source of support aloiig with biweekly meeliiigs between fnIlY support aiid early years teams. The Perinatal Ten held 2 x focus groiips in inner city areas wliere the take up of aiitenatal prograinines are lower, witli parents of babies who did not usc services antcnatally, and have adapted their service delivery in response to this feedback. Early Years teains coinpleted exit queslioiiiiaires with parents of children leaving the programmcs as parl of the evaluation process to enable improvctnents to service delivery within children's group prograinines. Foi- children joiiiing prograinmes entry questionnaires were coinpleted to help gather parent's hopes and aspirations for them and their child by attending the programme which can then be coinpared with the ¢xit qiiestionnaires at the end of the acadeinic year. The Oulcoines Star tool is us¢d by FSW'S with faiTJilies using l.. I services. Along with the 3 other Belfast Sure Start programmes iii our BFI 'Children's Centre, group we had a succ¢ssftil reaccredilation of our Baby Friendly statLiS. BFI accreditatiorl has been a vehi¢le that has supported the proinotion of breastfeediiig or responsive bottle feeding within SBSS. FINANCIAL REVIEW REVIEW OF YEAR The company had nel outgoing resources for th¢ year of £824 (2023.. net outgoing resources of £30,090), whAch reflected the coinpletion of a nuinber of projects duriiig the year. Unr¢strict¢d funds increased by £10,846, while restricted funds decreased by £1 I,670. The charity continues to work to secure incoine from sources in addition to its core DE ftinding to provide new or complement411ry prograinines, services and venues that ineet einerging local needs but caniiot be funded through the core budgct. Th¢s¢ additional sources of funding ar¢ grants rcc¢iv¢d from various bodies as disclosed in note 4 in the financial statemeiits. Reserves policy Best Practice and statutory guidelines recotninend that charities hold a justifiable level of reserves in order to rei)iain economically viable in the event of any unforeseen circunislances. Tlie unrestricted funds of South Belfast Sure Start are therefore expendable at the discretion of the Board of Trustees. However, a significant element of the reserves will COLltinue to be held in reserv¢ for a 'worst case scenario, of staff redundanci¢s shoulr] the ndIng frorn government for SBSS Ltd end. FUTURE PLANS As the year drew to ali end it becaine ii]ore aiid inore unclear as to whether Sure Start ndIng in NI would be maintained oi- to the same level. Meanwhile planned wages inci'ease to take account of minimum wage rises has added to tlie proposed salary costs for the incoining year and venue costsloverheads do not seein to be reverting to previous levels. It is therefore almost impossible to make any plans other than to try and maintain tlie inuch needed services and programmes we deliver as best as possible
South Belfast Sure Start Re ort of the Trustees for th Year Ended 31 March 2024 STRUCTURE, GOVERNANCE IIND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, lirnited by guarantee, as defined by tlie Companies Act 2006. Recruitment and appointment of neiv trustees During the period under review the trustees inet bi-monthly. Trustees are appointed by nominations made in writing by Partnei. Organisations. At the Geneial M¢eting nominated directors are appointed by election. None of the directors have any beneficial interest in the company. All of the directors are members of the coinpany and guarantee to contribute £1 in tlie event of a winding up. The trustees delegate the day to say Inning of South B¢lfast Sure Start to that of tlie Cliief ex¢¢utive officer Structure, governance and mrdllY4gement The Board of Directors employ the Project Co-ordinator to overview and manag¢ the progranune and report back to the coinmittee on activities and developments. The Project Co-ordinator leads aiid manages the Finance Director, Early Learning Co-ordinators (Job Share) and Family Support Co-ordinator, with regular supervision to review actLVities and to ensure they match with the ethos of the oi-ganisation and funder requii-cinents, The Finance Director. Early Leaming Co-oi'dinatoi's and Fainily Support Co-ordllialor overview and ii]aiiage their departin¢iits and staff employed therein, with a view of daily activities and services delivered. Related parties There were no related party transactions for tlie year ended 31 March 2024. Risk management For ensuring that the principles of good governance are einbedded within all aspects of South Belfast Sure Start's operations with inanagement and Staff being keenly awarc of the Boards responsibility of ensuring that the organisation protects itself from financial exposure and reputational dainage, A close working I'elationship is maintained between the Board and management to ensul'e that operationally staff are aware of Ilie standards required of them by the Board and the Board are always in a position to provide guidance aiid support to manageinenl in the discharge of their duties. This two way relationship is the key feature of South Belfast Sure Start governaiice an-aiigeiiieiits and is a key str¢ngtli in the coimpany. A conscientious appi'oach to ensuring that contractual project requirements ar¢ achieved has been maintained at all IiLnes both in Ilie accouiiting period beiiig reported on atid since Soiith Belfast Sure Starts eslablishmenl. Veiy light financial conti-ols on expenditure and all financial commitments are maintained at all tiines aiid project staff have been trained and have becoine experieiiced in budgetary Controls. In both thes¢ ai-eas ie Project deliveiy and financial controls management all staff have ¢5tablished close working relationships with funding organisations to ensure all mandatory standards are consistently achieved. Board representatives also actively ¢ngage with funding bodies. The Board, management and staff are fully aware that the n&re of the work in which South Belfast Sure Start is involved can bling witli it a high level of sciutiny to ensure that all activities are fully compliant with funding requireinents aiid,therefore, beyoiid r¢proach.The Board of South Belfast Sure Start is, therefor¢, greatly reassured of tlie coinpany's coinpliance with the highest of standards of governance on the basis that all inonitoring and evaluatioii of project delivery deinonstrates achieveinent of all ftindcrs objectives and that funders, audits and voiiching of finaL]cial expenditure and the statOry audit confum compliance witEL both probity and regularity in the use of iiioiiies received.
South Belfast Sure Start ort of the Trustees for the Year Ended l March 2024 EVENTS SINCE THE END OF THE YEAR Infonnation relating lo events siiice tlie end of the year is given in tlie notes lo the financial statements. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of South Belfast Sure Start for the pUoseS of coinpany law) are responsible foi- preparing the Report of the Trustees and the financial statements in accordance with applicable law and Uiiited Kingdoin Accounting Standards (United Kingdom Geiierally Accepted Accounting Praclicc} including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" Cornpany law requires the trustees to prepare financial staleinents for each fiiiancial year which give a te and fair view of the state of affairs of the charitable company and of the incoming resources and application o f resources, including the income and ¢xpenditur¢, of tlie ¢liaritable company foi- that period. In preparing those fLiiancial staleinenls, the trustees are required to select suitable accounting policies and then apply thein consistently. obseive the methods and principl¢s in tlie Charity SORP. make jlidgeinents aiid estiinates that are reasonable and prudent. prepare the financiii I slatcments on the going concern basis unless it is inappropriate to presume that the cliarilable company will continue in business. The huste¢s al-e i-esponsible for keeping pi'opci. accounting records which disclose with reasonable accuracy at aiiy tiin¢ the fiiiancial position of the charitable COLnpany aiid to eii¢1ble thein to ensure that the fLnancial stateinents coinply with the CoiT)paiiies Act 2006. They al'e also responsible for sateguarding the asscts of Ilie cliaritlc ble cotnpany and Iieiice foi. taking reasoiiable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware,. there is no relevant audit infonnation of which the charitable company's auditors are unaware. and th¢ trustees have taken all steps that they ought to have taken to mak¢ Iliemselv¢s aware of any relevant audit infornialion and to establish that the auditors are aware of tE]at infonnation. AUDITORS The auditors, Lynn Drake & Co Ltd, will be proposed for re-appointment al the forthcoming Annual General Meeting. This repoit has been prepared in accordaiice with the special provisions of Part 15 of the Companies Act 2006 relating to sinall Companies. Approved by order of the board of trustees oil L9 Septeinber 2024 and signed on its behalf by.. ,.)_ w oan Henderson - Trustee
ort of the Inde endent Auditors to the Members of South Belfast Sure Start Opinion We Iiave audited the financial stateinents of South Belfast Sure Start (tlie 'charitable coinpany,) for the year ended 31 Marcli 2024 which compris¢ Ili¢ Statement of Financial Activities, the Stat¢ment of Financial Position, tlie StaleLnen¢ of Cash Flows and notes lo the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice), including Finaiicial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. tn our opinion the financial stat¢menls.' give a true and fair view of tlie state of the chaTltabl¢ coinpany's affairs as at 31 March 2024 and of its incoming resources and application of resoiirces, including its income and expenditure, for the year then have b¢¢n properly prepared in accordance with United Kingdom Generally Accepted Accounting Pi'actice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelaiid,; aiid have been pi'epared in accordance with the requirem¢nts of the Coinpanies Act 2006. Basis for opinion We conducted our audit in accordaiicc with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Oiir responsibilities under those standards are further described in the Auditors, responsibilities for the audit of tlie financial stateinents sectioii of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 19 to the financial slaleineiils, aiid we have fulfilled our other ethical responsibililieb in accoi'danc¢ with these requirements, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinioii. Conclusions relatlng to going concern In auditing the financial slatemenls, we hav¢ concluded that the Irusl¢es' use of the going concern basis of accounliiig in Ili¢ preparation of tlie finaiicial stalemeiits is appropriate. Based on the work we have perfonned, wc have not idenlifi¢d any material unc¢rtainties relating to events or oiiditioiis that, individually or collectively, Inay cast significant doubt on the ¢harilable company's ability to continue as a going Concern for a period of at least twelve months from wh¢n thc financial statements are aulhoi'ised for issue. Our respoiisibilities and the responsibilities of the trustees with respect to going concern are described in tlie relevant s¢clions of this report. io
ort of the Inde endent Auditors to the Members of South Belfast Sure Start Other information Th¢ trustees are responsible for the other infonnation. The other infomiation comprises the information included in the Annual Report, other than tlie financial stateinents and our Report of the Independent Auditors Ihereon. Our opinion on the financial stateinents does not cover the other infonnation and, except to the extent oiheiwise explicitly staled in our report, we do not express any fonn of assuranc¢ conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whether the otlier infonnation is inaterially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such Inaterial inconsistencies or apparent inaterial misstateinents, we are required to detennine whether this gives rise to a material misstatement in the financial statements themselves, If, based on the work we have perfom)ed, we conclude tliat there is a material Inisstalement of this other infonnation, we are required lo report that fact. We have nothing lo report in this regard. Opinions on other matters preseribed by the Companies Act 2006 In our opinion, based on the woi'k iindertaken in tlie eoiirse of the audit.. the infonnation given in the Report of the Trustees for tlie finaiicial year for which the financial statements are prepared is consistent with the financial statements. and the Report of tlie Trustees has been prepared in accordaiice witli applicable l¢gal requireinents. Matters on which we are required to report by exception li) the light of the kniowledge and understanding of the charitable coinpaiiy and ils enviroThnenl obtained ITh the course of the audit, we have not identified Inaterial misstateinents in the Report of the Trustees. We liave nothing to report in respect of the following inatters wliere the Companies Act 2006 requires us to report to YOLI if, in our opinion.. adequate accounting records have not been kept or retums adequate for our audit have Thot been received froin branches not visited by us. or the financial slateinents are not in agreeinent with the accounting records and returns. or certain disclosures of ste¢S, i-einiineration specified by law are not made. or w¢ have not received all the iiifoniialion and explaiiations we require foi- our audit. or the trustees were not eiititl¢d to take advantage of the small companies exemption from the rcquireinenl to prepare a Sti'ategic Report or iii preparing tlie Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of tl)e charitable compaiiy for the purposes of company law) ar¢ responsible for the preparation of the financial slateincllts and for being satisfied that they give a tnie and fair view, and for such inlemal conti'ol as the trustees detennine is necessary lo enable the preparation of financial statements that are free from inaterial misslateiiient, whether diie lo fraud or effor. In pi'eparing the financi£il stateineiits, the trustees are responsible for assessing the charitable company's ability lo continiie as a going concem, disclosing, as applicable, matters related lo going concem and using tlie going concern basis of accounting unless the tNstees either intend to liquidate the charitable cornpany or to cease operations, or have no realistic aliemative but to do so.
ort of the Inde South Belfast Sure endent Auditors to the Iwlembers of tart Our 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 inaterial misstaleinent, whether due to fraud or error, and to tssue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit coiiducted in accoi'dance with ISAS (UK) will always detect a material misstatement when it exists. Misstateinents can arise froin fraud or error aiid are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial staleinents. The extent to whicli our procedures are capable of detecting iegUlar1tles, iiicluding fraud is detailed below.. Irregularities, includiiig fraud, are instances of non-coinpliance witli laws and regulations. We design procedures in line with our responsibilities, outlined abov¢, lo detect material misstatements in respect of irregularities, including fraud. In particular, we looked at where managciT)¢nt mad¢ subjective judgements, for example in respect of accoiiiitlLig estitnates that iiivolved making assuinplions and considering futur¢ events that are inherently uncertain. We also considered potential fLnan¢ial or other pressures, opportunity and inotivalioiis for fraud. As part of this discussion, we identified tlie internal controls established to mitigate risks related lo fraud or non-¢oinplian¢e with laws and regulations and how management monitor Iliese processes. Appropi'iate procedures included the review and testing of inanual journals and key eslirnales aud judgements made by management for risk of fraud. Based on our iinderstanding of the company and industry, we identified the principal risks of non-compliance with laws and regiilations as those that hav¢ a direct impact on the detennination of material aillounts and disclosures in th¢ financial statements. We evaluated maiiag¢inenl's inceiitives aiid Opp0111t1eS for fraudulent inanipulation of tlie financial statements and identified tlie greatest potential for fralid. We coi]llnunicaled th¢ id¢nlified laws and regulations thi-oughoul the audit team and reinained alert to any iiidications of non-coinpliance throughout th¢ audit. Audit procedures perfomed included, but were not limited lo.. Discussions with inanageinent including consideration of known or suspected instances of non-complianc¢ with laws and reglilation and fi-aud; Reviewing Ilie tinancial statement disclosures and testing to supporting docuin¢ntation' eview of board meeting minutes of those charged with governan¢e' In addressing th¢ risk of fraud through management override of controls, testing the appropriateness of joumal eiitries aiid othei. adjustments,. As part of an audit in accoi-dance with ISAS (UK), we exercise professional judgiiient and maintain professional scepticisin throughout the audit. We also'.- Identify and assess the risks of IT)aterial misstateinent of the financial statements, whetlier due to fraud or error, design and perfomi audit procedures r¢sponsiv¢ lo those risks, and obtain audit evidence that is sufficient and appropriate to provide a basi8 for our opinion. The risk of not detecting a material isslatemenl resulting from fraud is higher than for one resulting from eLTor, as fraud may involve collusion, forgery, intentional oinissions. misrepresentations, or the ovenide of intemal control. Obtain an understanding of inleinal conti'ol relevant to the aiidit in order to design audit procedures that are appropriat¢ iii the circuinstances, but not for tlie purpose of expressing an opiiiion on tlie effectiveness of tlie charities internal conli'ol. 12
ort of the Inde endent Auditors to the Members of Duth B Ifa t Sure Start Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures inade by the trustees. Perfonn analytical procedures to identify any unusual or unexpected relationsliips that may indicate risks of material misstatement due to fraud oi. error. Conclude on the appropriateness of the tn)stees' use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that tnay cast signifLcant doubt oil the charities ability to continue as a going concern. If we coiiclLide that a rnaterial uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial stateinents or, if such disclosures are inadequate, to modify our opinion. Our conclusions are bas¢d on the audit evidence obtained up lo the date of oiir auditor's report. However, future events or conditions Illay cause the charity to cease to continue as a going concern. Evaluate Ilie overall presentation, stNcture, and content of tlie financial statements, including the disclosures ai)d whether the financial statements represent the uiiderlyiiig Iraiisactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among otlier matters, the planned scope aiid tiining of tlie audit and significaiit audit fLndings, includiiig sigLiificant defLciencies in internal control that we identify during our audit. A fiirlher description of our responsibilities for the audit of thc financial statements is located on the Financial Reporting Coiincil's website at www.frc.org.uk/aLiditorsresponsibilities. This description fonns part of our Report of the Indepeiident Auditors. Use of our report Tliis report is made solely to the cliarilable coinpany's members, as a body, in accordance with Chapter 3 of Part 16 of Ilie Coinpanies Act 2006. Our audit work has been uiidertakeii so tliat we inight state to the charitable company's mcmbers those mallers we are requir¢d lo slate to them in an auditors, report and for no other purpose. To tlie fullest exteiit peniiitted by law, we do not accept or assuLne i'esponsibility to anyone other than the charitable coinpany and the charitable coinpany's ineinbers as a body, for our audit work, for this report, or oi. the opinions we have foirned. Billy Drak eni r StalLltory Auditor) for and on beha of Lynn Drake & Co Ltd Siattilory Auditors I sl Floor 34 B-D Main Street Moira Co. Am]agh BT67 OLE 19 Septeinber 2024 13
South Belfast Sure Start Statement of Financial Activities Incor oratin an Income and Ex for the Year Ended 31 March 2024 enditure Account 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted nds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies loo 100 100 Charitable activities Grant Income 1,181,345 1,181,345 1,208,146 Other trading activities 10,746 10,746 7,599 Total 10,846 I,18l,345 I,192,l91 1,215,845 EXPEIYDITURE ON Charitable activities Direct Chai'Llable Expenditure Governance 1,185,817 7,l98 I,185,817 7,198 1,238,511 7,424 Total 1,193,015 1,193,015 1,245,935 NET INCOMEI(EXPENDITURE) 10,846 (I 1,670) (824) (30,090) RECONCILIATION OF FUNDS Total 1]dS brought forward 127,555 1,001,285 I,128,840 1,158,930 TOTAL FUNDS CARRIED FORWARD 138,401 989,615 1,128,016 1,128,840 The notes fonn part of these financial statements 14
South Belfast Sure Start Statement of Financial Position 31 Mar 24 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 967,185 992,879 CURRENT ASSETS Debtors Cash at bank 12 54,612 118,570 56,458 88,565 173,182 145,023 CREDITORS Amounts falling due witliin one year 13 (12,351) (9,062) NET CURRENT ASSETS 160,831 135,961 TOTAL ASSETS LESS CURRENT LIABILITIES 1,128,016 1,128,840 NET ASSETS 1,128,016 1,128,840 FUNDS Unresti-icted funds Restricl¢d funds 15 138,401 989,615 127,555 1,001,285 TOTAL FUNDS 1,128,016 1,128,840 These fiiiancial stateinents hav¢ beeii prepared in accordance with the provisions applicable to charitable companies subject to the small companies r¢gime. The financial stateinents were approved by the Board of Trustees and authorised for issue on 19 Septeinber 2024 and were signed oil its behalf by: Joan Hendei'son - Trustee Siobhaii McDoimell - Trustee The notes fonll part of these fmancial slateinenls L5
South Belfast Sure Start StateTnent ofcash Flows for the Year Ended l March 2024 31.3.24 31.3.23 Notes Cash flows from operating activities Cash generated froin operations 30,005 (4,917) N¢t cash provided byl(used in) operating activities 30,005 (4,917) Change in cash and cash equivalents in tlle reporting period Cash and cash equivalent5 at the beginning of the reporting period 30,005 (4,917) 88,565 93,482 Cash and cash equivalents at the end ofthe reporting period 118,570 88,565 The notes fonn part of these financial statements 16
South Belfast Sure Start Notes to the Statement of Cash Floivs for th Year Ended 31 March 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Increase in creditors (824) (30,090) 25.694 1,846 3,289 25.694 (1,499) 978 Net cash provided byl(used ii)) operations 30,005 (4,917) ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Casli al bank 88,565 30,005 118,570 88,565 30,005 118,570 Total 88,565 30,005 118,570 The notes fonn part of these fiiiancial stateinents
South Belfast Sure Start Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Summary of significant accounting policies (a) General information and basis of preparation South Belfast Sure Start is constituted as a company limited by guarantee incorporated in Northern Ireland (N1040060). In the event of the charity beit]g would up, the liability in respect of the guarantee is limited to £ I per ineinber of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UIQ and Republic of Ir¢land issued in 2019 the Finaiicial Reportiiig Standard applicable in the ULiiled Kiiigdoin aiid Republic of Ireland (FRS 102), tlie Chai'ities Act (Northern Ireland) 2013, th¢ Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical cost convention, mo(lified to incliide certain items al fair valiie. The financial statements arc pres¢nl¢d in sterling which is the functional Clirrency of the charity.. The signi ficc2nl accoLinting policies applied in the preparation of these financial statements are set out below, These policies have b¢¢n consistently applied lo a51 years presented unless otherwise stated. (b) Funds Unresli'icted fuiids are availabl¢ for use at the discretion of tlie tiwslees iii furtherance of tlie geiieral objectives of the charity and which have not been designated for other purposes, Designated funds coinprise unrestricted funds that have been set aside by the trustees for particular puiyoses. The aim and use of each designated fund is set out in the not¢s lo the financial statements. Restricted llds are funds whicli are to be used in accoi'dance with specific restrictions imposed by donors or which have been raised by the ch1( rily for paiticiilar purposes. Tlie cost of raising and administering sucli funds are charged against tli¢ specifLC fund. The ain] and use of each restricted fund is set out in tlie notes to the financial stateiments. Fllrther explaiiation of the natui'e and purpose of each fund is included in the notes to tlie financial slaleineiils. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to tlie incoine after any perfonnance coiiditioiis have been met. the ainount can be measured reliably and it is probable that the income will be received. 18 contiiiued...
South Belfast Sure Start Notes to the Financial Statements - continued for th Year Ended l March 2024 ACCOUNTING POLICIES- continued Summary of significant accounting policies For donations to be recog]iised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation aiid this requires a level of perfonnance before entitlement can be obtained then income is defeLTed until those conditions are fully met or the fulfilmeiit of those conditions is wilhiii the control of the charity and it is probable that tliey will be fulfilled.volunlary income is received by way of grants, donations and gifts and is included in 1] in the Statement of Financial Activities (SOFA) when receivable. Incoine received from collections is recognised when received. Donated facilities and donated professional services are recognised in incotn¢ at their fair value when their ¢conoini¢ b¢n¢fLt is probable, it can be ineasured r¢liably and the charity has control over the itein. Fair value is detenniiied on the basis of the value of th¢ gift to the charity. For example the amount th¢ charity would be willing to pay in th¢ open mark¢t for such facilities and services. correspondiThg ainount is recognised iii expenditure. No amouiit is included in tlie financial slateinenls for volunteer time in line with the SOR (FRS 102). Further detail is given iii the Trustees, Annual Report. For legacies, enliilement is the earlier of the charity being notified of an impending distribution or the legacy b¢ing received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible lo ineasure the ainouiit expected to be distributed. On these occasions, the legacy is ti-eated as a contingent asset and disclosed. Inconie from trading activities includes income eained trom ndraiSing events and trading activities lo raise funds for the charity. In¢oine is received in excliange for supplying goods and services in order lo raise ndS and is recognised when entitleinent has occurred. The charity receives goveminent grants which are detailed within the notes to tE]ese financial statements. Income froin government and other grants are recognised at fair valu¢ when the charity has entitleineiil after aiiy p¢rfonnance conditions have been Anet, it is probabl¢ that the income will be received and the ainount can be measured reliably. If entitleinent is not inet then th¢5e amounts are defen'ed. (D) Expenditure recognition All expenditure is accounted for on an accrnals basis, inclusive of VAT which cannot be recovered and has beeii classified linder headiiigs that aggregate all costs related to the c&tegory. Expendire is recognised where there is a legal or constructiv¢ obligation to make payments to third parties, it is probable that the settlemeiit will be required aiid the atnouiit of the obligation can be ineasured reliably 11 is catcgorised under the following lieadings.. Costs of raising funds includes the costs associated with attracting voluntary incotnes,. Expenditure on charitable activities includes those costs incurred by tlie charity in tlie delivery of its actLvilies and bervices for its beneficiaries. It includes both costs that can be allocated directly to such activities and tliose costs of an indirect nature nec¢ssaiy to support them,. and Other expenditure represeiits those iteins iiot falling iiito the categories above. Iecoverable V AT is charged as an expense against the activity for wliich expenditure arose. l9 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Summary of significant accounting policies Grants payable to tliird paities are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grarL15 are conditional relating to perfonnance then the grant is only accrued wheii any unfulfilled conditions are outside of the control of the charity- (e) Support costs allocation Support costs are those that assÈsl the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payi'oll costs. They are incurred directly iii support of expenditure oil the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be dii'ectly attributed to particular h¢adings they have been allocated to cost of raising llds and expendittire on cliaritabl¢ activities on a basis consistent with use of tlie resources. Preinises ov¢rhcads have been allocated on an insert detail basis and otlier overlieads have been allocated on a basis consistent with thc us¢ of resources. Fund-raising costs are those incurred in seeking voluntary coiitributions and do not include the costs of disseminating information in support of the charitable activities. (D Tangible fixed assets Taiigible fixed assets are stated at cost less accumulated depreciation aiid accumulated iinpainnent losses. Cost iijcludes costs directly attributable to tnaking the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected use1 life as follows: Premises 2 % Straight Line Coinpiiler Equipinent 25 % Straight Liiie (g) Financial Instruments A financial asset or a financial liability is recognised only when the charity be¢oines a party to the contractual provision of the instrument. Basic fiiiancial iiistruinents are iiiitially recognised al the ainouiits i'eceivable or payabl¢ including any related transaction costs. Current assets and CUiTent liabilities are subsequently measured at the cash or other consideration expected to be paid or relived and not discouiited. Debt instruineiits are subsequeiitly ineasured at amortised cost, Where investments in shares are publicly traded or their fair vali1¢ can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in incotne and expenditure. All other siich investinents are subsequently measured at cost less impainnent. 20 continued..
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Summary of significant accounting policies Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal busiiiess tenns or financed at a rale of interest that is not a market rate, in which case the asset is measured at the prcsent value of the future payments discounted at a market rate of interest for a siinilar debl inslruinent. Other financial instruinents are subsequently ineasured at fair value with any changes recognis¢d in the statement of financial activities, with the exception of hedging instruments in a designed hedging relationship. Financial assets that are measur¢d at cost or amortised cost are review¢d for objective evidence of iinpainllenl at the eiid of each reporting date. if there is objective evidence of iinpainnent an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the iiiitial gain is recognised. For all eqiiity instrumeiits regardless of significance, and other financial ass¢ts that are individually significant, these are assessed iiidividually for impairment. Other financial assets arc either assessed individually or grouped on the basis of similar credit risk characteristics. Any revei'sals of impairnient al-e i'ecognised immediately, to the ¢xlent that the revei'sal does not result in a carrying ainouiit of tlie fini< iicial asset that exceeds what the catrying amount would have been had tlie iiiipaii'inent not previoiisly beeii recognised. (h) Impairment Assets not measui-ed at fair value are review¢d for any indication that the asset may be impaired at each balance sheet date. If such iiidication exists, the recoverable amouiit of the asset, or the asset's ash generating unil, is esliinated and COLiipared to the carrying ainounl. Where the carrying amount exceeds its recovei'able ainount, an iinpainnenl loss is recognised in profit or loss unless the asset is carried at a revalued ainouiit where the iinpainnenl loss is a revaluation decrease. (i) Provisions Provisions are recognised when tlie cliarity has an obligatioii at the balance sheet date as a result of a past event, Lt is probable that an outflow of economic benefits will be required Kn settlement and the amount can be reliably estimated. ti) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease t¢rm and the expected useful life of tli¢ asset. Mininiuin lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, iiet of futtire finaiice charges, are included in creditors. Rentals payable and receivable under operating leases are charged lo the SOFA on a straight line basis over the period of the lease. (k) Tax No provision is required for taxation as tlie coimpany is defiiied as a cliarity for taxation purposes. 21 continued...
South Belfast Sure Start Notes to the Financial tatements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Summary of significant accounting policies The chai-ity is a registered cliarity and so sucli is entitled to certain tax exemptions on income and profits froin investments and surpluses on any Iradiiig activities carried oil in furtheranc¢ of the charity's primary objectives, if th¢s¢ profits and surpluses are applied solely for charitable purposes. (l) Going concern The financial stateinents have been prepared on a going concem basis as the trustees believe that no Inaterial uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 tnonths from auihorising these financial stat¢ments. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going conceni. (m) Accounting estimates and areas of judgement Tlie preparation of the financial stateinents requires manageinent to make judgements, estiinates and assumptions that affect the amouiils reported. These estimates and judgements are continually reviewed and are based on experience aiid otlier factoi's, iiicluding expectations of future events tlial are believed to be reasonable under the circumstances, Tlie itein% iii the fiiiaiicial slateinents where tliese judgeinents and esliinates have beeii Inade iiiclude: (i) estiimaling tlie useful econoLiiic life of tangible fixed assets (li) property valuatkon (iii) allocation of expenditure and siipport costs Fund accounting Tlie Coinpaiiy has various types of funds for which it is responsible, and which require separate disclosure. Unrestricted fijnds can bc used in accordance with the charitable objectives al the discretion of the tnist¢¢s. Reslricled ftLnds can only be used for particiilar restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or wl)en funds are raised for particular restricted purposes. Further explaiialioii of the nattire and Purpose of e&ch lld is incliided in the notes to the fiiiancial slatenients. Pension costs and other post-retirement benefits Tlie charitable coinpaiiy operates a defiiied contribution pension scheine. Coiitributions payable to the charitable company's pcnsion schetne are charged lo the Stateinent of Financial Activities in the period to which they relate. 22 continued...
South Belfast Sure Start Notes to the Financial StateThients- continued for the Year Ended l March 2 24 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations loo loo OTHER TIIADING ACTIVITIES 31.3.24 31.3.23 Other Incoine 10,746 7,599 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Grant Incoin¢ Grants receivable 1,181,345 1,208,146 Grants received, incliided in the above, are as follows.. 31.3.24 31.3.23 Departinent of Education (tlii'oiigh SPPG) BHSCT- Roina Project Belvoir Coiniiiunity Hub STEP - Forward South Partiiership/ Departinent of Educatioii TEO Urban Villages - 'A Place for Me, Project Forward Soutli - Winter Hardship Fund TEO Urban Villages - (Aiitism Friendly Cornmunities) DE Fair Start- Roiiia Hope Project TEO Urban Villages Ke¢ping Wann Staying Safe 1,046,987 1,400 2,750 61,744 25,492 500 1,046,987 1,850 1,000 59,511 67,940 405 804 27,328 2,321 42,472 1,181,345 1,208,146 cELRITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Direct Charitabl¢ Expenditure GovemaiiG¢ 1,185,817 1,185,817 7,198 7,198 I,l85,8l7 7,198 1,193,015 23 continued...
South Belfast Sure Start NDtes to the Financial Statements- continued for the Year Ended 31 March 2024 SUPPORT COSTS Governance costs Governance 7,198 NET tNCOMEI(EXPENDITURE) Net incotnel(expenditure) is slated after charging/(crcditing): 31.3.24 31.3.23 Auditors, reinuneralion Accountancy Fees Depreciation - owiied assets 1,500 2,898 25,694 1,500 2,262 25,694 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, retnuneration or other benefits for the year ended 3 l March 2024 nor for the year ended 31 March 2023. Trustees, expenses There weLe no trustees, expenses paid for the year ended 31 M&rch 2024 nor for the year ended 3 l Mar¢h 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Other pension costs 856,601 39,405 27,323 848,450 45,490 27,089 923,329 921,029 The average illoiithly iiuinbei. of einployees duriiig the year was as follows: 31.3.24 50 31.3.23 51 Manageinent & Administration No employees received emoluments in excess of £60,000. Tlie key management personnel of tlie chaiity comprise of tlie Chief Executive Officer, Early Learning aiid Fainily Support Co-ordinators. The salaries paid to key inaLiageinent perso1e1 being th¢ Chief Executive Officer, Early Leai-ning and Family support Co-ordinators and Finance Manager, during the year totalled £179,203 {2023'. £153,900). 24 continued..
South Belfast Sure Start Nfrtes to the Financial Statements - continued f r the Year Ended 31 March 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds nds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 100 loo Charitable activities Grant Income 1,208,146 1,208,146 Other trading actLVlties 5,599 2,000 7,599 Total 5,699 1,210,146 1 ?15,845 EXPENDITURE ON Charitable activities Direct Charitabl¢ Expenditure Govemance 5,365 1,233,146 7,424 1,238,511 7,424 Total 5,365 1,240,570 1,245,935 NET INCOMEI(EXPENDITURE) 334 (30,424) (30,090) RECONCILIATION OF FUNDS Total funds brought foiivard 127,221 L,031,709 1,158,930 TOTAL FUNDS CARRIED FORWARD 127,555 1,001,285 I,128,840 TANGIBLE FIXED ASSETS Computers & Equipment Preinises Totals COST At l April 2023 and 31 March 2024 I,l58,228 65,672 1,223,900 DEPRECIATION At l April 2023 Charge for year 167,878 23,165 63,143 2,529 231,021 25,694 At 31 March 2024 191,043 65,672 256,715 NET BOOK VALUE At 31 March 2024 967,185 967,185 At 31 March 2023 990,350 2,529 992,879 25 continued...
South Belfast Sure Start Notes to the Financial Statements- covjtinued for the Year Ended 31 March 2024 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 DE (STEP Project) TEO- Urban Villages DE (SPPG) DE Fair Start- Roina Hope Project Prepayinents and accrued income 19,237 11,889 1,495 18.909 24,235 19,991 2,000 11,314 2,000 54,612 56,458 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31,3.23 Accruals and deferred income 12,351 9,062 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total nds Unrestt'icted Resti-icled lids nds Fixed assets CurrerLI assets Curreiil liabilities 967,185 34,781 (12,351) 967,185 l73,l82 (12,351) 992,879 145,023 (9,062) 138,401 138,401 989,615 1,128,016 1,128,840 26 contiiiued...
South Belfast Sure Start Notes to the Financial Statements - continued for th Year Ended 31 March 2024 15. MOVEMENT IN FUNDS Net movenient in funds At 3113124 At 1/4123 Unrestricted funds General fund 127,555 10,846 138,401 Restricted funds Departinent of Education (Capital - Belvoir) (throughSPPG) Belfast City Council (Capital LIF) - Tlie Markets BHSCT- Roilla Project LIF - Capital-(Belvoir Outdoor Area) Social Investinent Fund Capital - SIF The Execiitive Office- SIF - Belvoirrraughmonagli Capital Social Investrnent Flind- BSEI Windsor Wotnens Centre Belvoir Coinrnunity Hub TEO Ui'ban Villages - 'A Place for Me, Project TEO Ui'ban Villages Keeping Wai"m Slaying Safe 343,249 (8,426) 334,823 257,517 5,846 61,569 13,738 (5,931) 1,400 (1,501) (320) 251,586 7,246 60,068 13,418 309,772 I,885 2,000 3,060 (6,987) 302,785 1,885 2,000 4,505 1,445 2,169 9,130 11,299 480 (480) 1,001,285 (11,670) 989,615 TOTAL FUNDS 1,128,840 (824) 1,128,016 27 continued...
South Belfast Sure Start Notes to the Financial Statements- continued for the Y ar Ended l March 2024 15. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. liicoiniiig resources Resoiirces expended Movement in funds Unrestricted funds General fund 10,846 10,846 Restricted funds Department of Education (through SPPG) Departinent of Ediicalion (Capital - Belvoii.) (throughSPPG) Belfast City Couiicil (Capital LIF) The Mdrkels BHSCT - Ronia Project LIF - Capilal-(Belvoir Oiiidoor Area) Social Investinent Fund Capital - SIF The Executive Office- SIF - Belv01raughMOnag17 Capital Belvoir Coininunity Hub STEP - Foi'ward South Partnership/ Departinent of Education TEO Urban Villages - 'A Place for Me, Project Fonvard Soutli - Winter Hardship Fund DE Fair Start- Roiiia Hope Project TEO Urban Villages Keeping Wanii Staying Safe 1,046,987 (1,046,987) (8,426) (8,426) (5,931) (5,931) 1,400 (1,50I) (320) I,400 (1,501) (320) (6,987) (1,305) (6,987) 1,445 2,750 61,744 (61,744) 25,492 500 42,472 (16,362) (500) (42,472) 9,130 (480) (480) 1,181,345 (1,193,015) (11,670) TOTAL FUTr4DS 1,192,191 (1,193,015) (824) 28 continued...
South Belfast Sure tart Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 3 113123 Al 114122 Unrestricted funds General fund 127,221 334 127,555 Restricted funds Departinent of Education (Capital - Belvoir) (IhroughSPPG) Belfast City Council (Capital LIF) - Tlie Markets BHSCT- Rorna Project LIF - Capilal-(B¢lvoir Outdoor Area) Social Investment Fund Capital - SIF The Executive Offic¢ - SIF - Belvoirfraughmonagh Capital Social Investinent Fund- BSEI Windsor Woimens Centre Belvoii. Coinniunity Hiib TEO Urb<in Villages - 'A Place for Me, Pi'ojecl TEO Urban Villages Keepiiig Wam] Staying Safe 351,675 (8,426) 343,249 263,448 5,569 63,070 14.058 (5,931) 277 (1,501) (320) 257,517 5,846 61,569 13,738 316,759 7,272 2,000 2,800 (6,987) (5,387) 309,772 1,885 2,000 3,060 260 5,058 (2,889} 2,169 480 480 1,031,709 (30,424) 1,001,285 TOTAL FUNDS 1,158,930 (30,090) 1,128,840 29 continued...
South Belfast Sure Start Notes to the Financial Statement5 - continued for the Year Ended 31 March 2024 IS. MOVELIIENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Iiicorning resources Resources expended Movement in funds Unrestricted funds General fund 5,699 (5,365) 334 Restricted funds Department of Education (through SPPG) Department of Ediicalion (Capital - Belvoir) (throughSPPG) Belfast City Couiicil (Capital LIF) The Markets BHSCT- Roina Project LIF - Capilal-(Belvoir Outdoor Area) Social Investinent Fund Capital SIF The Executive Office - SIF- Belvoii-rraughiiionagh Capital Social Inv¢stiiienl Fund - BSEI Belvoir Cominunity Hub STEP - Forward South Partnersliipl Departineiil of Education TEO Urban Villages - 'A Place for Me, Project Forward Soutli - Winter Hardship Fund TEO Urban Villages - (Autisiii Friendly CoiniT)unities) DE Fair Start- Roiiia Hope Project TEO Urban Villages Keeping WaiTn Staying Safe 1,046,987 (1,046,987) (8,426) (8,426) (5,931) {I,573) (1,501) (320) (5,931) 277 (1,501) (320) 1,850 (6,987} (5,387) (2,740) (6,987) (5,387) 260 3,000 59,511 (59,51 l) 67,940 405 (70,829) (405) (2,889) 804 27,328 (804) (27,328) 2,321 (1,841) 480 1,210,146 (1,240,570) (30,424) TOTAL FUTrIDS 1,215,845 (1,245,935) (30,090) 30 continued...
South Belfast Sure Start Notes to the FinAncial St2teTnents- continued for th Year Ended 31 March 2024 16. CONTINGENT LIABILITIES A contingent liability exists to repay grants received should certain conditions not be lfilled by the charity. 17. COMPANY CHARGE A Company charge was created on 7th April 2014 beh¥een South Belfast Surc Start and The Departinent of Education. The Charge consisted of tlie preinises comprised in an indenture of Conveyar]ce dated 12 March 2014 and Inade between Belfast Health and Social Care Trust of the one part and Soutli Belfast Sure Start was on tlie other part.The preinises contained in the lease was all that portion of land and premises being part of the land of Belvoir situated in the Townland of Ballylenaghan Parish of Knockbreda, Co.Down. Anothei. coinpany chai-ge was cl'eated on 3 1st July 2020 between South Belfast Sure Start and The Executive Office. The charge consisted of the preinises contaiiied in folio DN202689 Co Down being Belvoir Clinic & Library, 52 Drumart Square, Beltast, BT4 4DL. Contains negative pledge. 18. RELATED PARTY DISCLOSURES There were no related paty transactions for the year cnded 31 March 2024. 19. FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITIES lil coininon willi inuny ollier businesses of our size and nature we use our auditors to prepare and submit returns to tlie tax aiiihorities and assist with the preparation of the financial stat¢m¢nls. 20. POST BALANCE SHEET EVENTS There were no Events after the reporting period therefore no iiiaterial issues need disclosed. 21. WINDING UP Every member of the Coinpaiiy uiidertakes to COLltribut¢ to the assets of the Coinpany, in the eveiit of tlie saine betng wound up while it is a meinber, or within one year after it ¢eases to b¢ a meinber, for payinenl of the debts and liabilities of tlie Company contracted before it ceases lo be a meniber. and of the costs, ch<qrges and expcnscs of winding up, and for the adjustment of the rights of the contributor's ainoiig tlieinselves, sucli ainount as may be required not exceeding one pound. continued...
South Belfast Sure Start Notes to the Financial Statements - continued f r the Year Ended l March 2024 22. SHARE CAPITAL The Company is Limited by Guarantee and has no Share Capital 32
South Belfast Sure Start Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ETrIDOWMENTS Donations and legacies Donations 100 loo Other trading activities Other Income 10,746 7,599 Charitable activitie5 Grants receivable 1,181,345 1,208.146 Total incoming resijurces 1,192,191 1,215,845 EXPENDITURE Charitable activities Wages Social security Pensions liisiiraiice Light and heal Teleplioiie Postage and stationery Sundries Training Costs Bank Staff Repairs & Maintenance Computer Maintenance & IT Hospitality Cleaning Confereiices & Meetings Direct Project Costs Photocopying Motor & Travel Resources & Toys Venue Costs Urban Villages Programrne Costs Homestart Water charges Lease Unifomis Belvoir Hub Carried forward 856,601 39,405 27,323 9,864 9,401 l2,277 2,920 52 2,642 3,891 5,622 4,601 904 2,228 806 17,315 I,228 8,039 17,424 27,200 10,665 848,450 45,490 27,089 8,333 5,834 9,535 2,793 2,753 6,447 13,200 4,355 1,876 4,274 644 18,655 1,496 8,007 5,467 39,08E 59,638 7,741 412 10,000 1,120 I,305 1,073,245 10,000 634 1,740 1,133,532 Tliis page does not fonn part of the statutory financial statements 33
South Belfast Sure Start Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Charitable activities Brought forward Windsor Womeiis Centre SLA DE Fair Share - Roina Hope Project Solas SLA STEP Communtty Connections Depreciatioii of tangible fixed assets 1,073,245 21,630 10,530 l3,520 41,198 1,133.532 26,428 6,155 13,520 31,609 1,573 25,694 25,694 1,185.817 1,238,511 Support eosts Governance costs Auditors, reinuii¢ralioLI Accountancy Fees Legal & Professional Costs Bank Fees Affiliation Fees 1,500 2.898 I,728 I,072 1,500 2,262 1,728 1,291 643 7,198 7,424 Total resources expended I,193,015 1,245,935 Net expenditure (824) (30,090) Tliis page does not fonn part of tlie Statory financial statements 34