REGISTERED COMPANY NUMBER.. N1040060 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC102504 Re ort of the Trnstees and Financial Statements for the Year Ended 31 March 2025 for South Belfast Sure Sta Acom an Limited b Guarantee Lynn Drake & Co Lld Statutory Auditors Isl Floor 34 B-D Main Sireet Moira Co. Armagh BT67 OLE
South Belfast Sure Start Contents of the Financial Statements for the Year Ended 31 March 2025 Page Reference and Administrative Details Report of the Trustees Report of the Independent Auditors 8 10 11 Statement of Financial Activities 12 Statement of Financial Position 13 Statement of Cash Flows 14 Notes to the Statement of Cash Flows 15 Notes to Ihe Financial Statements 16 10 29 Detailed Statement of Financial Activities 30 10 31
South Belfast Sure Start Reference and Administrative Details for the Year Ended 31 March 2025 TRUSTEES Eleanor Jordan (resigned 161412024) William Olphcrt (resigncd 61612024) Nikki Johnslon Joan Henderson Sandra Wehb Si()bhan MLD()nnell J<imL% SL()ii {rL8ignLd l1112ll024) Grainnc MLHugh (rLsignLd 31712025) Aine Grogan Gerry Tubrill Marie McGarry (appoinled 23/112025) COMPANY SECRETARY Nikki Johnston REGISTERED OFFICE 9 Lower Crcsccnt Ci). Anlrim BT7 INR REGISTERED COMPANY NUMBER N1040()6() (Ni)rihcrn Ircland) REGISTERED CHARITY NUMBER NIC102504 AUDITORS Lynn Drakc & Co Lld Slatulory Audilors 1st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE CONSULTATIVE OBSERVER Norma Sinclair Sarah Mcclean CHIEF EXECUTIVE Ms Joy Poots
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2025 Tlie Iruslees who are also dircctors of ihe charity for ihe purposes of Ihe Companies Acl 2006, prescnt their reporl wilh the financial slalcmcnls of Ihc charily for Ihe year ended 31 March 2025. The Iruslccs have adopied the provisions of Accounling and Repofling by Charilies: Slalemenl of RLcommended Practice applicable lo charilics preparing iheir accounts in accordance wilh ihe Financi(Il Reporting Siandard applicable in the UK and Republic of Ircland (FRS 102) (cffcclive l January 2019). OBJECTIVES AND AcfIviTIES Objectives and Activities Values South Belfa%1 Sure St<irl is an organisation that seeks to treat everybody wilh fairncss and CqU¢ilily. We slrive to be ()pen, honest and respeLiful to all. We endeavour lo involve and cmpower, communities, r<imilie%, Lhildren and stalf lo grow and develop. As an organisalion we will aclively li8len, act with inlLgrily and h()Id ourselves accountable. Principle activities The prinLipal aLtivities of the company arc Ihe provision of aclivilic.s for Ihc bcncfil ol Lhildrcn agcd 0-3 yearti and Ihcir lamilics living in ihc Souih Belfast Suro Siarl calchmont area. Significant activltles Souih BL'lf(IsI Sure Sliirl was csliiblished in 2001 wilh 4 alms: (l) To Improvc Hcallh (2) To Improve Ihc Abilily lo t£<irn (3) To Improve Sucial (Ind Emotional Wcll-ljcing (4) To Slrcngthcn Farnilics and Communilies Thc programmc is core fundLd by IhL DLpdrlmLnt of EduL(Ilion (througyh ihc SPPG/DoH) and managed by a Board of DireLtors ihdl is a p(Irlncrship of community, voluntary and slatulory agcncics Ihal work iogeiher lo improve oulLomLs for youngF Lhildrcn and Ihcir lamilics in Ihc calLhmcnl arca. SBSS has worked with Ihc SPPG at the Deparlmenl of Healih lo develop ihe Lore Sure Slarl scrviccs within an Oulcomcs Framcwork. All activilies and services Ihal are Lommi55ioned through the core DE funding are rccordcd on a Sure Siarl Progr<immes information system. In addition, SBSS as a Limitcd Company has obtained funding for programmes and activities ihal add value or arc complcmcntary to the core DE lund¢d services and r¢spond to needs that could not bc mcl wiihin Ihc rcstriclions of the core annual budget. These accounts provide a clear record of Ihc lunding rcccivcd, cxpcnditure and aclivilies ihal derive Irom the core DE funding and other funding sourccs.
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2025 OBJEcfIvES AND ACTIvIEs Significant activities Budget Context 2024 OPLiiÈd wilh the same dilficuli baseline budget as Ihe previous year and itlwas challenging to even implcmcnl ihc Minimum Wage ri8e from April 2024. Thcre h<id been significant lobbying prior lo ihe start ol Ihe linancial yL(Ir and bey()nd l() Ihis bLing unsuslainablc lor Ihe Sure Start NI progyramme. In May ihe Minisler for Educalion, Paul Girvan, announced a l()O/D rise (highc.81 ever inLre<l.%c) fi)r Sure Start programmcs, however Ihis was nol Lonfirmcd unlil Sepicmber 24 le<iving half ihe linanLidl yLdr lo manage Ihe addillonal budgcl. Thc majorily ol Ihe new lunding wenl towards slarr Slilary riscs whiLh Wils vital Ils they had fallen far bohind similar pi)sl% cl%LwhcrL and in ihL L()nlexl of Losl-ol-living inLrca%es, we were 105ing experienced slaff lo oihLr Lmpl()yLr8. In iiddili()n, wc wcrL ablc to raise the Lmploycrs pcn%ion conlribulion from 4 to 60A. Wilh Ihe cmpli)yLLS L()nlribuling 4% Ihe lolal monthly pcnsion invcslmLnt is now IO%. Whilc Ihis ha8 had a posiIivL Ll'fLLI on mi)r<ilc ar()und pcnsion savingy% and all staff arc now cnrolled, wc are very awarL Ih¢il il is still insulliLienl and far below ihal of stalulory scclor cmployccs. The Board will Ihcrclorc bc l()()king lor any opporlunitics to increase Ihc amount going into slaff pcnsions. Two ()thcr pr()gvrammLs STEP ¢ind IhL' R()mil H()pc projcci dld rL'ccAvc L()nlinu(Ili()n funding, i)nc with a slighi dLLrcasc dnd ihc oihor wilh a sligyhi inLrLa.%c mc(Iningy Ihiil wc wcrc ablc lo Lunlinuc IhLsL scrviLcs ovcr Ihc yL¢lr. Services and programmes acros5 the year The %crviLcs Ihal SBSS dLlivLrL'd werL agyrLLd wilh SPPG (Il Ihc oulsLI ()[ thc ycar Ihrough 67 dilfcrLnt larLyLl% LovLringy il f¢ingc of arc<l% illLluding anlcn(Ilal, po%lndlal, lamily supporl, play progrdmmes, DLvLI()pmLnl(Il Pr()gvr(Immcs for 2-3 Year Olds, parcnling pr()g?rdmmLs, phy%iLdl dLlivily, hL'alih and wLllbcing7, LihniL mini)rily scrviccs, addili()nal nLcds Iqnd %pccLh/langyuilg?c/LommuniLali()n %upp()rl. By Ihc end of the ycar all bul Iwo of the 67 iargel.s were fully mel and frL'quenily exLL'edLd, wilh Ihc Iwo exceptions bcing by jusl ()ne person in eaLh cabe. In addition lo thc core lunded aclivities thcrc was a range of complemenlary scrvice4, %pccilic largrels (Ind exlra capacity d¢livcred Ihr()ugh ihc Roma HopL/Spcranza and IhL STEP pr(IjL'LI.%. GivLn Ihc wcalth of activitics, programmcs and scrviccs il is only possible lo higlhlighi somL ol. IhL key arcas of dclivcry ovcr 2024125 as follows: 1. 150 prcgnant womcn rcgistered wilh 76% of ihcse using one or more services such as anten¢ilal workshops, Rcal Llirth, Hypnobirihing, Anlenalal Yoga, Aquil Yoga and I: I support 2. 171 new Mums and Dads altLnded one or more of the 8 Baby Cafes held weckly in 8 diffcrcnt scttings. As well as Ihe 5laff ¢ind pcer SUPEK)rt Baby Cafcs olfcr, thcy wcrc Ihc main mcchanlsm for delivering programme5 such as Baby Massagc, WcaninglInlroduclion lo Solids, Baby Sensory and Song and Rhyme Timc in the postnatal pcriod. 3. 270 parentslcarcrs with 294 children atlended one or more ol the 10 parent and toddler groups run weekly across 8 diffcrenl venues. 4. 170 children aged 2-3 years atlended yearlong DPt2-3YO's, Child Development or Lx)ving Learning programmes each week foT eiihei 3 or 4 sessions. A further 80 children aged 1-2 years attended onc of 10 Play and Development programmes over 6-8 weeks.
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2025 OBJECTtVES AND AcfIviTIES 5. 55 children were provided wilh l or 2 mnrning i)r aficrno()n respite childcare sessions a week for between 6 and 15 wccks lo support familiLs going through ch<illenging limes. 6. 27 children allended one 015 'Play and Di8kover' programmes held across Ihe ye(Ir. These programmes are largelcd to children and their parent where there are social communication or developmenlal concerns and arc lacllilatcd by (he Special Needs Family Support Worker and Speech and Language Therapist. 7. 364 children and 349 parenls went nn Irip8 nr enj()yed a 8pecial h(Iliday evenl nrganised in their locality such as farms, indoor pl(iy LLnlres, pLlling fdrm visits (Ind oulduor parks and bL<lLhes. 8. Over 2(KK) home ()r Lentre based I:1 visils lo for <1 wide r(Inge of purposes inLluding initial Tegislralions, gLn¢ric family .%upporl, home based programmes such as SLC and behaviouT rnanagcment, support with acLL%%ing %PL'Lialist services, discussion of children's progress in settings and cmotional supp()rllLonl<iinmenl. 9. Over 51X) families expericncing flnancial, and poverly relatcd issucs wcre supwirlcd wlih rcs()urLcs or hclpcd lo gain aLcess lo Ihcse through communiiy parlncrs, including food bank referrals, food and fuLI vouchcrs, prams and baby cquipmcnt, children and aduli cloihcs, books and toys. 10. 50 diffLrc'nl pr()gyriimmc% (in addili(In l(} anlc and p()%ln(Ilal) iind infiirm<ili()n %L%si()n%lw(Irksh()ps wcre dLlivLrLd within IhL thLmL% ()f hLalih and wcll-hLill&, PLrs()n(Il dLvLI()pmLnl, parLnling, phy%iLal aLlivily and nulriliun (Ind LO()king wilh ovcr 260 P£ircnls <illLnding7 lil IL<isI onc of IhLsL progyrammLs or SLssions. 11. F<imilics wcre signposted lo 25 othcr organisations or iypes of serviccs with Ihc grcalcsl numhcrs to bcncfils advicc, cduLalion services, charitable aid, family supporl hubs, foodbdnks, GP's/Hcalih Vi%il()ra and SpccLh and Lang?Udge Thcrdpy. Addressing Access and Participation SBSS conlinucd to work ihr()ughout the year to improve the access lo, and cngrfigemenl of, dll famllies lind carcrs living in ihe callhmenl (irea. This inlludes: I. F¢lthLrs/male C<irer Ihc numbcr of fathcrs Tcgislcrcd rose again this ycar lo 550 with a ihird or Ihis numbcr aclivcly using scrviccs. Thc incrcasc is largcly duc lo morc faihcrs rcgislcring along with Ihcir partncrs anlcnalally and altcnding ihc workshops and programmes which are oficn held in Ihe evenAng% or wcckcnds lo facllilale Ihal. While snme of these Dads Lonlinue lo engyage in servALes p()%lnal¢illy %uch as Baby Cafes when Ihey can, aLlive involvemenl does tend io fall off as the children gel older. II. Newcomer families South Belfast is a very diverse communily and a third of registcrcd familics arc from another country andlor clhnic minorilics. This includcd asylum scckcrs livlng in 'conlingency accommodation, such as formcr holels and B&B's alihough Ihis started lo fall olf iowards Ihe end of the year as use of hotels in South Bclfast bcgan to cnd. S13SS continued dclivcring 2 largclcd cihnic minorily programmcs for Chincsc and Roma families. III. Children wilh addilional needs only a minorily of children wilh additional needs will have a formal diagnosis before they lurn 4. As. parents <ind their Lhildren often find it overwhelming lo engage in busy drop-in services like parent and toddler groups, SBSS has continued to develop activities and programmcs that Later specifically to the needs and development of these children. This has included Ihe Play and Discover groups, small Child Development Programmes of 5-6 childrcn, supw)rt in ihe homc and promoling the use of contracted places with our partncr agcncy Solas (a spccial nceds charily).
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2025 OBJEcrtVES AND AcrIvrrIES Public benefit The IrubleL.% Lonfirm that they have complied with their duty under section 3 of the Charilies Act (Northern IKland) 2013 to have due regard lo the Charity Commission for Norihern Ireland's guidance on public benefit. FINANCIAL REVIEW REVIEW OF YEAR Th¢ c()mpdny had nLI outgoing resources for the year of £10,213 (2024: nel outgoing resources of £824), whiLh rL'EILLILd the LomplLlion ol a number of projects during the ycar. Unreslrlclcd funds incrc<l.scd by £13,906, whilL re51riLled lunds decreascd by £24,119. The ch<irily continues to work lo sccurc income from sources in addllion lo its corc DE lunding io provide new or complcmentary programmcs, scrvices and venues Ihal mccl cmerging local needs bul Lann()I be fundcd Ihrough Ihc corc budgcl. These addillonal 8ourccs of funding are granls rcceivcd I'rom vari()us bodics as disLloscd in nolc 4 An Ihc financial slalLmLnls. Reserves policy Besl Practicc and slatulory guidclinos rccommend Ihal charilies hold a juslili<iblc levcl ol rcscrves in ordcr lo remain economically Viiiblc An ihc cvcnl of any unforL'%L'cn cirLum%lanLcs. ThL unrL%lriLILd funds ol South IlelfiTrsI SurL Siiirl ¢irL' IhLrLf()rL LXPLnd4iblL ai IhL di%LrLli()n i)I' Ihc B()<ird i)r TruslLcs. HowLvLr, a sigynifiLdnt elLmcnl ()A' IhL rc%crve4 will L()nlinuL l() bL' hcld in rL4LrvL' f()r ¢1 'WC)rbl L(IbL .%LLn(Irio' of %l<ifi' rcdund<inLiL's should ihL' fundingF from gy(IvLrnmLnl fur SLISS Lld Lnd. FUTURE PLANS the ycar drcw lo an end ihe pr()mise ihL' IOQ/o upIAlI gavc of moving towards finanLial slabilily with enLrgiic% able li) be f()cus%Ld on dLlivcry (Ind dcvcl()pmcnl of.%LrviLL5 for Lhildrcn and fdmiliLS, has bL'cn scl back by IhL gy(IvLrnmLnl ann()uncLmcnl of inLrLiiscd Empl()yLr.s Ndlioniil Insurancc Lonlribulii)n%. ThA% will ddd ar(iund £35,00() lo payr()11 Losls Lind plans lo incrcilsc Ihc Iiourly rdlcs of Ihc lowLsl Paid blinds of workcrs will havc lo bc put on hold. Likewisc organisdlional priorities such as increasing supporl lor perinalal and addilion(Il nccds scrvices will noi be able lo be progressed. We continue lo press the Dcpartmcnl and politicians on thc impact of thcse cost pressures and hope that thc 5jtuation mighi change as wc move into Ihc ycar. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document Thc chariiy is conlrolled by its governing document, a deed of trust, and Lonslllules a Ilmiled company, limited by guarantee, as defined by the Companies Aci 2006. Recruitment and appointment of new trustees During ihe period under review (he Iru.slee5 mei bt-monihly. Trustees are appointed by nominations made in wriling by Parlner Org(Inis¢ilionb. At the General Mecling nominaled directors are appointed by clcclion. None of the directors have any beneficial interest in the company. All of the directors are mcmbers of ihe company and guarantee lo contributc £1 in thc cvcnt of a winding up. Thc trustccs dclcgatc Ihc day to say running of Souih Bellasi Sure Siart lo thal of the Chief Executive Officcrl Projcci Co-ordinalor.
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2025 srRucfuRE, GOVERNANCE AND MANAGEMENT Structure) governance and management The Board of Directors employ the Project Co-ordinator to overview and manage the programme and report back lo ihe Board on activities and develupmenls. The Project Co-ordinalnr Icads and managcs the Finance Director, Early Learning Co-ordinators (Job Share) and Family Supp()rl C()-()rdin<ltor, wilh rLgular 5upervi5ion lo review aclivitics and io cnsurc ihey match wilh th¢ cih()% of Ihe ()rg<inisalion and funder requiremenls. The Finance Dircclor, Early arnIng Co-ordin(Il()rs and Family Suppt)Tl Co-ordinator overview and manage their dcparlmcnts and staff cmploycd Ihcrcin, with a view ol d(iiIy <lLlivities and services dclivered. Related parties Thcrc wcrc no rclalcd party Iran%aLlions for ihe year ended 31 MarLh 2025. Risk management For ensuring Ihal Ihc principles of gi)od g()vLrnance arc embLddL'd wiihin all aspects ol Souih Belfast Sure Siarl's opcralions wilh man<igycmLnl and slalf bLing kcLnly aware of Ihe Boiirds responsibilily of cnsuring Ihal Ihc orgyani%ali()n pr()IcLls itsLII Irom finanLial LXP()%ure and rL'pulali()nal damage, A Llo%c w()rking rcl<ili()n%hip 1% m<iinlainLd bLlwLLn Ihc B()ard and managiLmcnl to L'nsure Ihdl ()pL'rdli()nc2lly 4laff arc (IW<irc ()( Ihc %lcind(Ird% rcquirLd ()[ iliLm by IhL B()drd <ind Ihc B()ard dre alway4 in a p()%ilA()n lo pri)vide guidanLL' <ind %upp(Irl Io rn(Inag7LillLnl in IhL di%Lhdrg?c ol IhLir duliL'%. This Iw() way reldli()nship is Ihc kLy fLalurL' of S()uih Bclf(14l SurL Sl(Irl govcrnanLL drran&yemcnt% and is a kLy %lrenglh in Ihc Lompiiny. A c()nscicnlious appr()dch lo cn%uringy thal conlr<iLlual projcLI rcquircmLnls lire aLhiLvcd has bcen mainlaincd al dll timcs boih in Ihc acL()unting pLriod bL'ingy rcp(IrlLd on and %inLc Si)uih BLif4151 SurL Starts e.slabli%hmL'nl. Very ligyhi financial L(Inlr()l% on cxpcndilurc and all financial Lommilrncn15 Iirc mainlaincd at all liine% (Ind pr()j¢cl bldfr havc bccn Irliincd and havc bcL()mL LxpcriLnLcd in budgyLlary L()nlr()l%. In b()Ih IhL%c arL'as AL ProjLLI dclivLry and linanLial conlrols mandgLmcnl all .%lafr hdve L'%labli%hLd Ll()%e w()rking relation.ships with funding organisalions to ensure all mandali)ry .sldndiirds arc L()n%i%lenily achicved. Board rcprcscntalivcs also aclivcly engagie wilh funding bodies. The Board, managcmcnl and %lafl <irL fully aw<irL Ih¢il the n<ilure ol Ihe work in whiLh Souih Bclfast Sure Starl is involved Lan bringy with il (I high Icvcl of sLruliny to cnsurc (hat all aclivilics arc fully compliant with funding rL'quirLmLnls (Ind,Ihcrclore, bcyond rcproacli.Thc Board ol Soulh Llcllasl Surc Slarl is, therefore, gr¢¢iily re(15sured ol the company's compliancc wilh Ihc highc51 of slandards of governance on the basis ihal all monitoring and cvalualion of project delivery demonslrates achievement of all funders objectives and th<il fundcrs, audits and vouching of financial expenditure and Ihe slalulory <iudit Confirm compli<ince with both probity and rcgularily in Ihe use of monies reLeived. EVENTS SINCE THE END OF THE YEAR Infomialion rclaling lo events since ihe end of Ihe year is given in ihc notes to the financial slatemenls. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustecs (who are also Ihe directors of South Belfasl Sure Start for the PUTposes of company law) are rcsponsible for preparing the Repurt of the Trustees and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Slandards (United Kingdom Generally Acccptcd Accounling Praclice) including FinanLial Reporting Slandard 102 "The Financial Reporting Standard applicable in ihe UK and Republic of Ireland
South Belfast Sure Start ort of the Trustees for the Year Ended 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued Company law requires ihe Iru4lee8 l() pr¢parL fin<inLial 5t¢ileinLnls for each financial year which give a true and fair view of the stale of aff(Iirs ol Ihe Lharil(Ibl¢ company and of the incoming resources and applicalion of resources, including the income <ind expenditure, of the Lharilable company for that period. In preparing tho81: financial slalemenls, the truslees are required to sclcct suilablc accounling policic.s and Ihcn apply them consislently. observe ihc meihods and prinLipl¢s in the Charily SORP. make judgcmcnls and c.slimalL% Ihal dre rea%()n<ible <ind prud¢nl' prepar¢ Ihc financial slalemenl,s on Ihe g()ing L()nLern basis unless it is inappropriate to presume Ihal the charilable comp¢iny will Lonlinuc in busines5. Thc ITu%lcL% arL rL%P()nsiblL f()r kLLping pr()pLr aLcounling rcLords which disclose with rcasonablc acLuraLy <11 <iny lime the fin<illLi<il p(1sili()n ()[ Ihc Lharilcible company and lo enable Ihem lo ensure that Ihc fin(IllLi<il sldlLmLnls Lomply wilh IIiL Compdnic5 ALI 2006. They arc also rcsponsiblc for safegyuarding ihc a,%%Ll% ()f Ihc Lharitable L()mpdny and hcncc for taking reasonable sleps for ihc prcvcnlion and dclcLlion of fr<iud (Ind olhcr irregularilies. In so far as the Iruslees are awarc: Ihcrc is no relcviinl audit inli)m(Ilion of whiLh ihc chaTjlahle Lomp<iny's auditors arc unaw<irc' and Ihc Iru4lL'L'% h<lVL t(Ikcn (Ill %lLp% ihai IhLy ()ugyhi i() h¢lVL lakcn l() makL IhLm.%LIvL% awarL ()f any rclcvant audit inf()rm¢ili()n <ind lo Lsl<iblish Ihal Ihc <iudil()rs arc <iwarL i)r Ihdl informdli()n. AUDITORS ThL dudilors, Lynn Drakc & Co Lid, will bc proposcd for re-appoinlmcnl ¢ii Ihc forihLoming Annual Gcncrdl MLLling. This rcporl ha5 bccn prcparcd in accordance wilh the speLial provisions ol Parl 15 of ihe Comp¢inies ALt 2006 rclaling lo small companie.s. Appr()vcd by order of Ihe board i)f Iruslees on 11 Sepiember 2025 and signcd on ils bchall by: Joan Henderson - Tru.slee
ort of the Inde endent Auditors to the Members of South Belfast Sure Start Opinion We have audiled Ihe financial statements of South Belfast Sure Start (the 'charitable company,) For the year end¢d 31 M(IrLh 2025 which Lomprise the Statement of Financial Activities, the Slatemenl of Financial Position, lh¢ Sldlemenl of Cash Flows and notes to the financial statements, including a summary of igniL'iLdnl aLLounling wliLies. The financial reporting framework thai has been applled in their prcparalion 15 appliL<ibl¢ law lind Uniled Kingdom Accounting Standards (United Kingdom Generally Acccpied ALLounling PTaLlice), including Financial Reporting Standard 102 The Financial Reporting Siandard applicable in the UK and Republic of liLlan(I'. In our opini()n Ihe finanLial s1(Ilemcnls: give a ITU¢ and f(iir viLw of Ihe state of the charitable company's affairs as at 31 March 2025 and of its inL()ming resourLes and (IppIiL<ilion of resourLes, inLluding ils inLomc and cxpcndilure, for Ihc ycar ihcn have been properly prepared in accordance with United Kingdom Generally Accepted Accounling PraLliLe, including FinanLial Rcporling Standard 102 The Financial Reporting Standard applicablc in the UK and Rcpublic of Ireland and have been prepared in accordance with Ihc rcquircmcnls of Ihc Companics Act 2006. Basis for opinion We conduLled our audit in aLcordance with Internallonal Slanddrds on Audiling (UK) (ISAS (UK)) and dppliLable l<lW. Our re5P()nsibilities under those standards are furihcr dcscribed in the Audilor.s' rcsponsihililic% for Ihc audit of Ihc finanLidl slatemcnls seLtion ol our reporl. Wc are indcpendcnl i)r Ihc Lhdrilablc company in aLL()rdanLe wilh Ihc Lihical rcquiremenls Ihiil arc rclcvanl lo our audAI ()f ihc fin<illLi<il statLmenls in Ihc UK, inLludAng Ihe FRC'% EihiLdl Siiind<ird, and Ihc provi%i()n8 avail<iblc f()r sm¢ill LnlitlLS, in Ihe LifLum%lanLcs %L'I ()ul in n()Ic 19 1() Ihc fin(InLi<il %lalLmcnlb, lind WL h(IVL fuifillcd c)ur ()IhLr clhiL¢il rosp()n%ibililic% in ¢lLLI)rd<inLc with ihL%L fLquifLmcnls. WL bLlicvL ihai Ihc audil LvidLnLc wc havc ()blaincd is ,%uffiLicnl <ind ¢ippr()priale to pr()vidc <1 basi% for c)ur opinion. Conclusions relaling to going concern In audilingy IhL lin<illLial %l(IILincnlb, WL h<lVC LonLludcd Ih<il Ihc Iruslccs, use of thc going concern basis of aLLounling in IhL prLp¢if(Ilion ol IhL linanLl¢il slalLmLntS Is approprialc. Bascd on the work wc have pcrforn]ed, wc have not idcnlified any mdleridl uncerlainlies relaling to events or conditions thal, individually or collcclivcly, may cast significanl doubl on Ihc charilable company's abillly Io continuc as a going concern for a period of al least Iwelve monihs from when ihe finanLial sl¢ilcmenls iire authorised lor issue. Our re%ponsibililAes and the responsibilitics of the truslccs with rcspcct to going conccrn arc dcscribcd in the relcvant 5cclions of Ihis rcport.
ort of the Inde endent Auditors to the Members of South Belfast Sure Start Other information The trustees are respun%ihl¢ for Ihe other infoTmalion. The oiher infornialion comprises the inform¢ili()n included in the Annu<il Report, oth¢T than ihe fin<incial statemenls and our Reporl of Ihe Independenl Auditors Ihereon. Our opinion on the financi(11 stalements does not cover the oiher infomiation and, except to the exlent oiheThvisc expliciily slaled in our report, we do not express liny form of assiilance conclusion thereon. In conneclion wilh nur audil ()[ (he linancial slalements, our respon5ibilily is to read the olhcr informali()n and, in doing so, cnnsider whether Ihe ()Ihcr informali()n is materially inconsislenl wilh the fin<illciiil slalem¢nls or our kn()wlLdge ()bt(iinLd in IhL (iudit or olhenvise appcars to bc malcrially misslaled. If we idcnlify such mal¢ri411 inLonsi%lenLies OT <ipparenl material misstalemenls, we arc required to determine wheiher this gives rise lo a material misstalement in the financial slalements Ihemsclves. If, based ()n the work we havL pLrlormed, we Lonclude that there is a material misslalemenl of Ihis oihcr inlonnalion, we are requirLd lo repoTI Ihal facl. We have nothing to rcporl in Ihis regard. Opinions on other matters prescribed by the Companies Act 2006 In ()ur ()pini()n, b(i%Ld ()n ihL W()rk undLrlakLn in IhL c()ur%c of Ihc iiudit: Ihc inE'()mi<ili()n given in Ihe Report of the Trustees lor the financial ycar for which Ihe fin<illLidl .slalcmcnts arc prLpared is L()nsi%lLnl wilh ihe finanLial slalcmcnls. and Ihe Rcp()rl of ihL Truslecs has bcen prepared in accordance with applicablc Icgal rcquiremcnls. Matters on which we are required to report by exceptlon In IhL' ligyhi i)L' IhL kn()wlLdg7L (ind undLr%ldnding7 01 IliL Lhdritablc company and ils environmcnl obi(iincd in IhL L()ursL ()[ IhL audil, wc h<lVC n()1 idLnlil'icd rnatcridl mis.%lalcmcnls in IhL RL'p()rl ()f Ihc TrusleL'*. Wc havc nolhing lo rcporl in re4pcLI of the following mallcrs whcre Ihe C()mp<inies ALI 2(N)6 requircs us lo rcporl lo you if, in uur ()pinion: adLquale aLL()unling? rL'L()rds havc not been kcpt or returns adcquale for our audii havc not bccn reccivcd 'r()m branLh¢4 n()1 vi%il¢d by us; or IhL I'An¢inciiil %l<ilcmcnls (Irc not in agrccmcnt with Ihc accounting rccords and rclurns. or Lcrtain disclosures of IrustCC5' rcmuncrdlion spccificd by law are not mdde; ()r we have not receivcd all the infonnation and cxplanalions we rcquire lor our audil. or the truslccs wcre not cntillcd to takc advanlagc of Ihc small Lompanies exempiion from Ihe requirLmenl lo preparc a Slralcgic Rcport or in prcparing Ihe Rew)rl of the Truslees. Responsibilities of trustees cxplaincd morc fully in ihe Stalemenl of Truslees, Responsibilities, the trustees (who are also the dircclors ol Ihe charitable company for Ihe purposes of company law) ale rcsponsiblc for the prcparation of the financial slalemenls and for being satisfied that they give a truc and fail vicw. and for such internal conlrol (Is Ihe Iruslee5 detemiine is necessary lo enable thc prcparalion of financial slalements that are free frorn material misstatement, whether due to fraud or crror. In prcparing thc financial statemenls, Ihe Iruslees are responsible for assessing the charil(Ible company's ability lo conlinue as a going concern, disclosing, as appliLable, matlers related to going concern and using the going conccrn basis of accounling unless the Iruslees either intend to liquidate the charilable company or lo ccase operalions, or have no realislic aliernalive bul to do so.
Report ofthe Inde endent Auditors to the Members of South Belfast Sure Start Our responsibilities for the audit of the financial statements Our objcclives arc to obiain rcasonable assurance about whcihcr the financial slatcmcnts as a whole are Iree from matcrlal misslatcmcnl, whciher duc lo fraud or error, and io issue a Report of Ihc Indepcndcnt Audilors thal Ancludcs our opinion. Reasonablc assurancc is a high level of assurance, but is nol a guaranlce Ih¢il an audil conducled in accordancc wlih ISAS (UK) will always dclect a malerial misslatcmcnl when il exisls. Misslatcments can arlse from fraud or error and are considered malcrlal if, individually or in Ihc aggregale, they could reasonably be expected to,'Anfluence Ihe economic decisions of users taken on the basis of IhLiB: financial statements. The exlent to which our procedures are capable of delecting irrcgularllies, including fraud is delailed below: Irrcgularitics, including fraud, are instances of non-compliancc wilh laws and regulations. We design procedures in line wilh our responsibililics, ouilined above, to dclcct malcrial misslalemenls in re.spLLt (Il irrcgularAIAcs, including fraud. In particular, wc lookcd al wh¢ro management madc subjcclive judgcmcnts. ror cxamplc in rcspeLI of accounling cslimalcs ihal involvcd m<ikingy a%.%umpiions and considcring fulure cvcnl% Ihal <ir¢ inhcrcnily unLLrl(iin. Wc (11) L()n%idLrcd p()ILnli(Il finanLl<il ()[ ()Ihcr pr¢s%urcq, ()ppi)rlunily and m()Iiv<ilion% flir Ir<iud. P<irl ()[ Ihi.% di%cu%si()n, wc idLnlifiLd the inlLrn<il Lunlr()l% cslablisliLd lo miligalL ri%k% rLl<ilLd l() fraud or ni)n-L()mplianLL Wlth laws lind regyuldlion5 and how managyLmLnl monilor Ihcsc proLc88e.s. Appri)priale proLcdurL% included ihL review and le%ling of m<inual ji)urnals and key Lslimlilcs and judgcmLnls made by m¢ill¢igcmLnt for risk ol fraud. Bascd on our undcrslanding of Ihc company and induslry, wc idcnlified thc principal risks of non-L()mplAanLe wilh laws and rL'gulali()n.s as Ihi)%c Ihal havc il dircLI impaLI on Ihc delLrminalion of m(Ilcrial ¢im()unl% iind di%LI()%urLs in Ihc I'incillLi(Il .%liilLmcnls. Wc cvalualcd m¢inagyLmL'nt's inLLnlivcs and ()pp()rlunilics for fraudulcnl m(Inipulali(In ol Ihc fin<tnLl<il l<ilLmLnls and idL'nlificd ihc grc(Ilcsl polcnli<il lor fr(iud. Wc communiL(IILd ihe idcnlilicd laws and rcgyul<ili()ns ihri)ug7hi)ut Ihc audit IL<im (Ind rcmaincd alLrl lo any indiLalions of non-compli¢inLe ihr()ug?h()ul Ihc audit. Audil proLcdurcs pcrlormcd inLludLd, bul wcrc nol limilcd 10: Discussions wilh managcmcnl including considcralion of known or SUSPCLled inslances of non-compliance wilh laws and rcgulalion and fraud; Reviewing Ihe fin¢inLl<il slalemenl disclosures and lesling lo supporling documcntalion; Rcvicw of board meeting minutes of Ihosc chargcd wilh governance; In addressing the risk of fraud through managemenl overrlde of controls, ILsting the appropriateness ol journal enlries and oiher <idjuslmenls' As part of an audil in accordance with ISAS (UK), we exercisc profcssional judgment and maintain professional sccplicism Ihroughoui ihc audit. Wc also:_ Idcnlify and asscss thc risks of malerial misstatement of the financial stalements, whether duc lo fraud or error, design and perforn] audil procedures re.sponsive lo those risks, and obiain audil evidence Ihal is sufficienl and appropriale lo provide a basis for our opinion. The risk of not detecling a material misslalemenl rebuliing from fraud is higher than for onc resulting from error, as fraud may involve collusion, forgery, intenlional omissions, misTepresentalions, or the override of internal control. Obtain an understanding of internal control relevant to Ihc audit in order to dcsign audil procedurcs ihat are appropriatc in Ihc circumstanccs, but not for thc purpose of expressing an opinion on ihc cffcclivcness ol the charilics inlernal conlrol. 10
ort of the Inde endent Auditors to the South Belfast Sure Start Evaluate the appropriateness of accounting policie5 used and the reasonablene55 of accounting estimates and related disclosures made by the trustees. Perfom] analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud or error. Conclude on the appropriateness of the trustees, use of the going concern,basis of accounting and based oli the audit evidcnce obtained, whether a material uncertaiiity exists related to events or condilions tliat may c&st s11f]cant doubt on the charities abilily to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attention in our auditoes report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion, Our conclusions arc based on the audit evidence obtained up to the date of our auditor's report. How¢ver, future events or condilions may cause ihe charity lo ce&se to continue as a going concern. Evaluate the overall presentation, structure, and content of the financial statemeiits, including the disclosures and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We cominunicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including significant deficiencies in intemal control that we identify during our audit. A further description of our responsibilities for the audit of the financial statements 15 located on the Financial Reporting Council'5 website at www.frc.org.uklauditorsresponsibilities, This description forms part of our Report of the Independcnt Auditors. Use of our report This report is made solely to the charitable company's membei's, as a body, in accordance with Chapler 3 of Part 16 of the Companies Act 2(M)6. Our audit work has been undertaken so that we might state to tlie charilable company's members those matters we are required to state lo them in an audilors, report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charitable compaiiy and the charitable company's members as a body, for our audit work, for this repo r for the opinions we have fonned. Billy Drake (Senior Slatutory Auditor) for and on behalf of Lynn Drake & Co Ltd Statulory Auditors I st Floor 34 B-D Main Street Moira Co. Arniagh BT67 OLE I I September 2025 Pagell
South Belfast Sure Start Statement of Financial Activities ncor oratin an Income and Ex for the Year Ended 31 March 2025 enditure Account 31.3.25 Total funds 31.3.24 Total funds Unrestricled funds Restricted funds Notes INCOMEAND ENDoWMENTSRom Donations and legacies 100 l(K) Charitable activities Granl InLome 1,276,395 1,276,395 1,181,345 other tr(Iding aclivilies 14,476 14,476 10,746 Total 14,576 1,276,395 1,29(),971 1,192,191 EXPENDITURE ON Charitable activities DircLt Charil<iblL Expcnditure Governance 670 1,293,443 7,071 1,294,113 7,071 1,185,817 7,198 Total 670 1,300,514 1,301,184 1,193,()15 NET INCOME/(EXPENDITURE) 13,906 (24,119) (10,213) (824) RECONCILIATION OF FUNDS Tol(Il funds bruughi Lorw<ird 138,401 989,615 1,128,016 1,128,840 TOTAL FUNDS CARRIED FORWARD 152,307 965,496 1,117,803 1,128,016 The noles form part of these financial stalements 12
South Belfast Sure Start Statement of Financial Position 31 March 2025 31.3.25 31.3.24 Notcs FIXED ASSETS TaTJgible <is%e15 944,020 967,185 i CURRENT ASSETS Dcbiors Cash at bank 12 52,577 134,081 54,612 118,570 186,658 173,182 CREDITORS Amounts falling due within one year 13 (12,875) (12,351) NET CURRENT ASSETS 173,783 160,831 TOTAL ASSETS LESS CURRENT LIABILITIES 1,117,803 1,128,016 NET ASSETS 1,117,803 1,128,016 FUNDS UnreslriLlcd fund Reslrictcd funds 15 152,307 965,496 138,401 989,615 TOTAL FUNDS 1,117,803 1,128,016 Thcse financial slalcmcnls have bcen prcparcd in accordance with ihe pr()visions applicable lo charilable comp¢inies subject lo the smdll companies reglme. Thc financial sl<ilLmcn15 wcrL approvcd by thc Board of Trustccs and authorised for issue on 11 Scplcmbcr 2025 and wcrc signcd on ils bchall by: Joan Henderson - Trustee Nikki John51on - Trustee The notes form part of these financial statements 13
South Belfast Sure Start Statement of Cash Flows for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating activities C<ish generaled frum operations 15,511 30,005 Nel cash provided by operating aclivilies 15,511 30,005 Change in cash and cash equivalents in the reporting period Cash and cash equivalenls at the beginning of the reporting period 15,511 30,005 118,570 88,565 Cash and cash equivalents at the end of Ihe reporting period 134,081 118,570 The notes forn] part of these financial statemenls 14
South Belfast Sure Start Notes to the Statement of Cash Flows for the Year Ended 31 March 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTivrrIES 31.3.25 31.3.24 Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Dcpr¢cialion charges DcLr¢a8¢ in d¢bl()rs InLrL<lSL in LfLdilorb (10,213) (824) 23,165 2,035 524 25,694 1,846 3,289 Net cash provided by operations 15,511 30,005 ANALYSIS OF CHANGES IN NET FUNDS At 1/4124 Cash flow Al 3113125 Net cash Cash al bank 118,570 15,511 134,081 118,570 15,511 134,081 Tolal 118,570 15,511 134,081 The notes form part of these financial staternents 15
South Belfast Sure Start Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Summary of significant accounting policies (a) General information and basis of preparation South Beifasl Sure .%larl is conslilule(l as a company limited by guarantee incoTporaled iii Noi'ihern Ircland (Nll)4()1)6(1). In ihe evenl of th¢ Lh4lTily being would up, the liability in respect of the guarantee is limiled lo £1 per member of the charity. Thc charity conslilules a public benelil enlily a8 delined by FRS 102. The financial stalemenls have been prcparcd in accord¢ince wilh ALL(iunling and Reporling by ChariliLS: Slalcmcnl of RccommLnded Praclice appliL<ible Io Lharilies preparing their accounts in acLordance wilh ihe Financi(Il Reporting Slandard appliLable in the UK and Republic of Ireland issued in 2019 ihe Financi(Il Rep()rting Sl¢indard applicable in the United Kingdom and Republic of Ircland (FRS 102), IhL Ch(Irilies ALt (Norihern Ireland) 2013, Ihe Companies Acl 2006 and UK Gcnerally ALLLpled PractiLc. The financial stalemenls arc prcparcd on a going conccrn b<lSi% under Ihe historical cost L()nvention, modiflcd lo include ccrlaln ilcms at fair value. The findnLial slalLmLnts arc prL%cnlLd in slerling which is ihe funclional currcncy of Ihc charily.. Thc significconl accounling wlicics applicd in Ihc prcparation of thcsc financial %latcmcnts arc scl oul bclow. ThL.%L p(IliLiLs h¢lVL bLLn LunsislLnlly <ippliLd Iu all yLdrs prcsenlLd unlLss olliLrwisL' sldlcd. (b) Funds UnrL%lriLILd fund% (Irc <ivail(Iblc lor use at Ihc disLrction of Ihc Iruslecs in furlhcr<inLc of Ihe gcnL'ral objcLlivcs of the charily and which havc not bcen dcsignaled for oihcr purp()scs. Dc.signalcd funds comprisc unrcslriclcd funds Ihai have been set (1.8idc by Ihe Iru8lecs f()r parlicular purp()%cs. Thc aim and u%e of eaLh dL'4igynalLd fund is sct out in Ihc notc5 to Ihc financial sl(Ilcmcnls. RestriLILd funds are fund5 which arc to be uscd in accordance with specific rcstriclions imposed by don()rs or which h¢ive bLen r(li5cd by thc charily for particular purposcs. Thc cost ol raising iind <idmini51cringy 5uLh funds arc chargcd againsl the specific lund. The aim and usc of each reslricled fund is sct out in thc notcs to Ihc linancial sldlcmcnts. Furihcr explanation of ihe nalure and purpose of each fund is included in the notes lo the financial slalemenls. (c) Income recognition All incoming resource5 are included in the Stalcmenl of Financial Aclivilies (SOFA) when Ihe charity is legally entilled to the incomc aftcr any perlorniance condilions have been mel, Ihe amount Lan be measured reliably and il is probable ihat the income will be received. 16 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Summary of significant accounting policies For donations to be recognised Ihc chariiy will have been notified of ihe amounts and ihc seltlement dale in writing. If there are condilions allachcd lo ihe donation and ihis requircs a level of performance before entillemenl can be obtaincd iheii income is dcfcrred until ihose conditions are fully met or the fulfilment of those conditions is wiihin ihe control of the charily and it 18 probable that they will be luifilled.volunlary income is reccivcd by way of grants, donations and gills and is included in lull in Ihe Slalement of Financial Aclivilies (SOFA) when rcceivable. Income received Irom colleLlions is rccognised whcn received. Donated facilities and donalcd professional services are recognised in income al their fair v(Ilue when their economic benefit is probablc, il can bc me&sured reliahly and the charlty has conlrol over the item. Fair valuc is detcmiincd on Ihc basis of the valuL of ihL gifi to ihe charily. For example ihe amouni Ihc charity would bc willing i() pay in Ihe open markel for %ULh faLililic8 and services. A corrc4ponding amounl is rccognisLd in LXPLndilure. No amounl is inLludcd in the financi<il sl¢ltemenls for volunteer time in line with Ihe SORP (FRS I(12). FurihcT dLI(iil is givLn in IhL Tru51ecs' Annual Rcport. For Icgy(ILICS, LnliilLmLnt ihc LiirliLr of the charily being noliflcd of dn impcndingy dislribuli()n r)r Ihe IcgaLy bcing rcccivcd. Al thi% poinl incomc is rcLogni4cd. On ()ccasi()n legaLAc% will bL' nolificd i() Ihe Lh<irily h()WCVLr il is not po.4.sible lo mc'cisurL' IhL am()unl LxpcLILd lo bL' di%lribulLd. On Ihcse oLLa.%A()ns, IhL' IcgydLy IS trL¢ilc'd <1% 41 LonlingvLnl (ISbLI lind disLloscd. Inc()mo from Irading aLlivilie% inLludcs incomc carncd from fundraising cvcnls and trading aLlivitics lo r¢liSC fund.% lor IhL' Lhdrily. InLomc is rcccivcd in cxchangyc for supplying goods and SeICeS in ordcr lo rai5c £'unds lind is rccogniscd whcn cntillcmcnl ha% ocLurred. Thc Lharily rcccives govcrnmenl grdnls which are detailed within Ihc ni)le8 lo these linancial slalcmenls. InL()me from gy()vLrnmLnl (ind ()IhLr gr(In15 <irc rcLog7nisLd al f¢iif ViiluL whL'n Ihc ch¢irily has cnliilcmcnt aflcr any perf()midnLe c()ndilions h(Ive bcen MLI, it is prob¢iblL Ihiii Ihe inci)me will be received and the amounl can be me(Isured reliably. Il cnliilcmcnl is not met ihen ihcbe amounts are delLrred. (D) Expenditure recognition All expendilure is accountcd for on an accruals basis, inclusive of VAT which Cdnnot be recovered and has been classified undcr hcadings Ihal aggregale all costs relaled lo Ihe calegory. Expendilure is rccogniscd whcrc thcrc is a legal or conslruclive obligalion lo make paymenls lo ihird parties, it is probable that Ihe sciilemenl will be required and the amount of the obligalion C<in be measurcd reliably. Il is calegorised under the following headings: Costs of raising funds includes the costs associated with allrdcting volunlary incomes. Expendilure on charilable activities includcs those costs incurred by the charity in the dclivery of ils activities and service5 for its beneficiaries. It includes both cosls thal can be allocatcd dirccily to SULh activities and those costs of an indirect nature necessary lo supp()rl them. and Other expenditure represcnts ihose items noi falling inlo the Lalegories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. 17 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 AccouNfING POLICIES- continued Summary of significant accounting policies Granl.s payable lo third parlics arc wiihin ihe charitable objeclivcs. Where unconditional gran18 are offered, Ihis is accrued as soon as the reLipient is nolificd of ihe grant, as ihis gives rise to a reasonable expeLlalion that Ihc recipient will receive the granls. Where gran18 are Londiliohal relliling lo perlorm(InLe then the grant is only acLrued when any unfulfilled conditions are outside of the conlrol of Ihe charity. (e) Support costs allocation Support costs arc those ih<il assist the work of lh¢ Lharity bul do not direcily rcprescnl charitable aclivilies and includc ol'fice Losls, govcrnancc co818, administrative payroll cosls. Thcy are incurrcd dirLLtly in suppnrl ol ¢xpLndilure on ihc objcLl% ol Ihe charity and include projcLI managemcnt carrlcd oul al Headqu4irlLrs. Where supporl Lo%ls L(Innol be directly allribuled Io P¢irliLular hcadingjs Ihcy h<1Ve bccn dll()LalLd lo cosl of raising L'und5 and cxpendilurc on charil<iblL aLlivilics on a h¢l%iS consi.slcnl wilh usL ()[ thc rcsourccs. PrLmi%LS ()vcrheads have bccn ¢illi)L(IILd ()n an inSLrl dclail hdsis and nihcr ovcrhLads havc bcen allocalcd ()n ¢1 basis Lon%i.slcnl with ihc usc ()f rLs()urLe%. Fund-r<ii%illg7 Losls arc ihi)8c inLurrLd in sccking v()lunlary Lonlribulions and do nol include thc cosls of di%scminating information in support of the chdritablc aclivilic.8. (Q Tangible fixed assets Tangible lixcd a5scls arc %lalcd al cosl less aLcumulatL'd dcpreci<ilion and dLLumulalcd imp<iirmLnl 105sCs. Cosl includes cosls dirccily allribulablc lo m<iking the assct capdblc i)f opL'rdling as inlL'ndcd. Dcprcciiilion is providcd on all tangible fixcd a8%cIs, (Il rdlcs Lc'ilLulalLd l() wrilc. ()ff Ihc cost, less cslimdlLd rL%iduiil valuc, ol LaLh ds%LI on <1 sysILmalic b<15iS over ils LxpLclLd usL£'ul lifc (Is follows: Prcmises 2% Straight Line Compulcr Equipmcnl - 25% StraigThi Line (g) Financial Instrnments A financial assct or a findnLAal liability is recognised only when thc charily becomes a parly to the conlraclual provision uf ihc in5trumcnt. Basic financial instruments are inilially recognised al thc amounls receivable or payable including any relaled IransaLtion costs. Current assets and current liabilities are subsequently measured at the cash or other conslderalion expcctcd lo bc paid or rLlived and not discounled. Debi inslrumenls are subsequcnily measured at amortiscd cosl. Where investments in sharcs are publiLly traded or iheir fair value can otherwise be measured reliahly, Ihe inveslmcnt is subsequently measurcd al fair value wilh changes in fair valuc recognised in income (Ind expcndilure. All other such invcslmenls are subsequcnlly measurcd at cosl less impairment. 18 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNfING POLICIES - continued Summary of significant accounting policies oiher financial inslrumenls, inLluding derivatives, are initially recogni5ed at f<iir value, unless payment for an assel is deferred beyond normal business terms or linanLed (Il ¢1 rate of interesl that is nol a market rale, in which L(Ise the asset is measuiyd at the present value of Ihe fulure payments discounled al a markel rate of interest for a similar debt inslrument. Oiher financial inslrumcnts are sub%cqucntly mea%urcd al fair value wilh any changes reLogniscd in th¢ slal¢menl of finanLial 4lLlivilics, wilh Ihe exLeplion ul hedgyingy inslrumcnls in a dLsignLd hedging rel(Ilion%hip. Financial ¢1ssel8 Ihal arc mL<isured at cosl or amortised cost are reviewed lor objcLlive evldencc of imp<iirmLnl ai Ihe Lnd ol each reporting date. if Ihcre is objective evidcnLe of impairmcnl an impairmLnl l()ss 1% rLLogniscd under the appropriate heading in ihe statement of financial aLIRvTrlies in whiLli IhL inili<il gain is rLcognAscd. For all cquily instruments regardless ol .significance, and ()ihcr linancial assels Ihal are individually significant, Ihesc arc asscsscd individulilly for imp(iirmenl. oihLr findllci(Il a8%cls arc ciihLr asscssed individually or grouped on Ihc b&sis ol similar crcdil risk LharaLlerislics. Any rcvcrsals of impairmcnt arc rccogniscd immcdialcly, lo Ihc cxlcnt Ihal thc rcvcr8al doc% not rcsull in (l Ldrryingi amiiunl ()E' IhL E'indllLi¢il ¢i%%LI Ihal CXLLLds whdl IhL L<irryingF arnuunl would have bL¢n had ihL imp(iirmLnl nol prcvi()u%ly bLen rL'L()gyni%cd. (h) Impairnient AssL'ls nol mL'a%urLd al fair Vdluc arc rLviLwcd for any indiLcili()n that Ihc asscl mdy bc impairL'd al caLh bdlancL shccl ddlc. If suLh indiLali()n exisls, Ihc reL()VLrable am()unl ()r ihL' a.%sLI, ()r ihL a%%LI' Lash gcnLraling unit, i.s cslimcilLd rfind L()mpiirLd lo IhL' C<irryingy am()unl. WhLrL' IhL' Larrylng <imount exLeeds il% rccovcrdblc am()unl, (In impliirmcnt 1055 is rcLog7niscd in prol'il or Ii)s% unlc%s ihL assLt IS carried al a reviiluLd amount whLrc Ihc impairmcnl Ioss 15 a rcvaluation dccrease. (i) Prnvisions Provisions are reLngni%ed when thc charity has an obligation at thc balancc sheel dale as a rcsult of a past evcnl, it is prob(Iblc that an outflow of cconomic bcncfits will be rcquircd in sctilcmcnl and Ihe amount Clin bc reliably cslimatcd. (i) Leases Asscts acquircd undcr financc Icases are capilalised and depreciated over the shorlcr of the lease lerni and ihc cxpcclcd uscful lile nf ihe assel. Minimum lease payments are apw)rlioned belwecn the finance charge and the reduclion of the outstanding Icase liability using the effeclive interest meihod. The relaled obligalions, nel of fulure finance charges, are included in creditors. Rentals payable and reLeiv<ible under operating leases are charged to the SOFA on a straight line basis ovcr the period of the lease. (k) Tax No provision is requiTed for taxation as the company is defined as a charity for taxation purtK)ses. 19 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Summary of significant accounting policies The chariiy is a rLgisltirLd Lli(Irily and so such is entitled to certain tax exemptions on income and profils from inveslments and surpluses on any trading activities carried on in furiherance of ihe charily's primapj obiLclives, if Ihese profjts and surpluses are applied solely for charilable rpOseS. (l) Going concern The financial slalements have becn prepared on a golng concern basis as the Iruslees believe that no matcrial unccrlaintics cxisl. The Iruslccs hav¢ considLred Ihe l¢vL'I of funds hcl(l and ihe expcclcd level of income and expcndilurc for 12 m()nih,8 fr()m auihi)ri8ing Ihc8e I'in¢illci¢il 8lalcmenls. Thc budgcled income and expendilurc is sufficient wilh Ihe level of Te.8erves lor ihe Lharily lo be able lo conlinue as a going conccrn. (m) Accounting estimates and areas of judgement The prcparalion of Ihe financial slalcmcnl.s requires managLmLnt li) mlikc judgyLmcnt8, cslimates and assumpiions thal affccl Ihc am()unt8 fLP()rlcd. Thc5e cstimales and judgFLmLntS lire continually revicwcd and arc bascd ()n cxpLriLncc and oihcr faclors, including expcclalions ol future cvcnls ih(Il are bclicvcd lo bc re<l)n11bIe under ihc circumslances. The ilL'm8 in Ihe linancial %talcmcnls whcre Ihcse judgemcnls and eslimales have been made AnLludc: (i) Lslim(Iling7 ihc u5Lful LLonomiL lilL uf iangiblc I'ixL'd (Issc'ls (li) pr()pcrly V<ilu<ili()n (iii) allocation of expendilurc and supp()rt cosls Fund accounting Thc C()mpany has various typcs of funds for which il is responsible, and which require scparale disLlosurc. UnreslriLled funds c(In be used in accordance wilh Ihc charitablc objcclivcs al Ihc discrction of the trustees. Rcslriclcd funds can only bc uscd for particular reslrALled purposes within the objccls of Ihe charily. Rcslriclions arisc whcn specilied by ihe d()nor or when funds ¢ire r<iised for Piirlicul<ir reblricled purposcs. Furiher explanalion of the nature and purpose of each fund is included in the notcs to the financial statements. Pension costs and other post-retirement benefits Thc ch<irit<ibl¢ company operates a dcfincd conlribulion pension scheme. Contributions payable lo the charilable company'5 pcnsion schcme are charged io Ihe Slalemenl of Financial Aclivilies in the pcriod to which they rclalc. 20 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES 31.3.25 31.3.24 Donalions 100 l(K) OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Other Income 14,476 10,746 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 AclivAIy Granl Incomc Grants receivable 1,276,395 1,181,345 Griints rcceived, Ancludcd in Ihc ab()ve, arc as 1011()ws: 31.3.25 31.3.24 Dcparlmcnt of Education (Ihr()ugh SPPG) BHSCT - R()ma Pr()jcLI Bclv(iir C()mmunily Hub STEP- Forward Souih Piirlne]ship/ Dcparlmcnl ol. Educallon TEO Urban Vill£igcs - 'A PltiLe for Mc, Pr()jcLI Forward South - WinlLr Hdrd4hip Fund DE Fair Slarl - Roma H()pc ProjL'Lt 1,151,686 3,255 3,125 63,6(11) 1,046,987 1,41)0 2,750 61,744 25,492 5()0 42,472 54,729 1,276,395 1,181,345 CHARITABLE A]VITIEs COSTS Support costs (sce nolc 6) Direct Costs Totals Direcl Charilable Expenditure Governance 1,294,113 1,294,113 7,(171 7,071 1,294,113 7,071 1,301,184 21 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 SUPPORT COSTS Governance Governance 7,071 NET INCOMEI(EXPENDrruRE) Ncl income/(cxpendilurc) is slalcd afier charging(crediling): 31.3.25 31.3.24 Audilor.s' rcmuncration ALL()unlanLy FLL DeprLLiali()n - owned asscts 1,5()0 2,940 23,165 1,5(H) 2,8CJ8 25,6CJ4 TRUSTEES, REMUNERATION AND BENEFITS Thcrc wcrc n() Iru%lLLS' rLrnuncralion or other bcncfils for ihe ye<ir ended 31 M(IrLh 2025 nor for Ihe yC&ir cndcd 31 March 2024. Trustees, expenses Thcrc were no trustccs, cxpcn%cs Paid for the ycar endcd 31 MdfLh 2025 nor for Ihc year endcd 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and saldrics Social securily cosls oiher pension costs 947,687 49,512 45,588 856,601 39,405 27,323 1,042,787 923,329 The averagc monthly number ofemployees during Ihe year was as follows: 31.3.25 51 31.3.24 50 Management & Administration No employccs received emoluments in excess of £60,000. The key managcmcni personnel ol the charily comprise of Ihe Chief Execulive Officer, Early t£arning and Family Suppori Co-ordin<ilors. The S<il<iries P<iid to key m(Inagement pepionnel being the Chief Execulive Ofl'icer, Early Le(Irning and Family Support Co-ordinator5 (Ind Finance Managcr, during the year lot<illed £201,322 (2024: £179,203). 22 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivITIES Unrestricted Restricted funds lunds Tolal funds INCOMEAND ENDOWMENTS FROM Donations and legacies i(x) i(x) Charitable activities Grant Incorne 1,181,345 1,181,345 Other trading activities 10,746 10,746 Total 10,846 1,181,345 1,192,191 EXPENDITURE ON Charitable activities DircLI Charllable Expcndilure GovernanLe 1,185,817 7,198 1,185,817 7,198 Total 1,193,015 1,193,(115 NET INCOME/(EXPENDITURE) 10,846 (11,670) (824) RECONCILIATJON OF FUNDS Tolal funds brought forward 127,555 1,001,285 1,128,840 TOTAL FUNDS CARRIED FORWARD 138,401 989,615 1,128,016 11. TANGIBLE FIXED ASSETS Computers & Equipment Prcrniscs Totals COST At l April 2024 and 31 March 2025 1,158,228 65,672 1,223,9(X) DEPRECIATION At l April 2024 Charge for year 191,043 23,165 65,672 256,715 23,165 At 31 March 2025 214,208 65,672 279,880 NET BOOK VALUE At 31 MarLh 2025 944,020 944,020 At 31 March 2024 967,185 967,185 continued...
South Belfast Sure Start Notes to the Financial Statements- continued for the Year Ended 31 March 2025 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 DE (STEP Project) TEO - Urban Villages DE (SPPG) DE Fair Start - Roma Hope Project Prepayments and accrued incomc 22,605 19,237 11,889 1,495 1,495 26,477 2,000 19,991 2,0()O 52,577 54,612 13. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.25 31.3.24 Accruals and deferred income 12,875 12,351 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Toldl funds 31.3.24 T()Idl UnrcslriLlcd RcslriLlcd funds Fixcd ii%sels CurrLnl a%%LIs Currcnl liabililics 944,020 34,351 (12,875) 944,021) 1146,658 (12,875) 967,185 173,182 (12,351) 152,307 152,3()7 965,496 1,117,803 1,128,016 continucd...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS Net movement in lunds At 3113125 At 114124 Unrestricted funds General fund 138,401 13,906 152,307 Restricted funds Dcparlmcnl of Education (Capital - Bclvoir) (IhroughSPPG) ljclfasl Ciiy CounLiI (Capilal LIF) - Thc Markcls BHSCT- Roma Projccl LIF - C¢ipII(Il-(B¢lvoir Ouldi)()r ArLa) S()Ll(Il InvL%lmLnl Fund C<ipilal - SIF ThL ExLLulivL OE'I'ILL - SIF- BLlv()irrr<iugphrn()nagyh Clipilal SoLial InvL%lmcnl Fund - BSEI Windsor Womcns Cenlre Bclvoir C()mmunily Hub TEO Urban Villages - 'A PlaLc for Mc, Pr()jL'LI 334,823 (8,426) 326,397 251,586 7,246 60,()68 13,418 (5,931) 1,833 (1,501) (320) 245,655 9,(179 58,567 13,1)98 302,785 1,885 (6,987) (1,750) 295,798 135 2,000 5,890 4,505 1,385 11,299 (2,422) 8,877 989,615 (24,119) 965,496 TOTAL FUNDS 1,128,016 (10,213) 1,117,803 continued...
South Belfast Sure Start Notes to the Financial Statements- continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued Nel movement in funds, included in the above are as follows: Incoming resources Resources exiiendcd Movement in funds Unrestricted funds General fund 14,576 (670) 13,906 Restricted funds Dcpdrlmcnl ul- EduLation (through SPPG) DLpartmcnt of Education (Capital - BLlvoir) (Ihroug?hSPPG) Bclfdst City Council (Capital LIF) - The MarkLIs IIHscf - Roma Projccl LIF - Capilal-(13clvi)ir Ouldo()r Area) SoLi<il Invc81mcnl Fund Cdpillil SIF Thc Excculivc Office - SIF - Bclv()irtr(iugyhmonag7h Capital S(ILl<il InvL%lmLnl Fund - IISEI L4Llv()ir C()mmunily Hub STEP - Forwiird S()ulh Pdrlnership/ Dcpdrlmcnl of EduLation TEO Urban Villdgcs- 'A Pl<lCL for Me, Pr()jL'ct DE F<iir Siarl - Roma H()pc Project 1,151,686 (1,151,686) (8,426) (8,426) (5,9.31) (1,422) (1,5()1) (5,931) 1,833 (1,51)1) (32()) 3,255 (6,987) (1,75(1) (1,740) (6,CJ87) (1,75()) 1,385 3,125 63,(100 (63,()IK)) (2,422) (54,729) (2,422) 54,729 1,276,395 (1,31HI,514) (24,119) TOTAL FUNDS 1,290,971 (1,301,184) (10,213) continued...
South Belfast Sure Start Notes to the Financial Statements . continued for the Year Ended 31 March 2025 15. MOVEMEKf IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 3113124 At 114123 Unrestricted funds General fund 127,555 10,846 138,401 Restricted funds DcpdrlmLnl of EduLation (Capital - Belvoir) (IhroughSPPG) Belfast Cily Council (Capital LIF) - The Mdrkels BHSCT - Roma Project LIF - Capilal-(Belvoir Ouidn()r Area) Social InvcslmLnl Fund C<ipII(Il - SIF Thc ExcLulivc OffiLL - SIF- BLlvoirrf(iughm()nagh C£lPjtal SoLial Invc%lmenl Fund - BSEI Wind%()r W()mcns CLnlrc 13Llvi)ir C()mmunily Hub TEO Urban VilldgvLs - 'A PlacL' for Me, Pr()jcLI TEO Urban Villdgics Kccping Warm Slaying Safe 343,249 (8,426) 334,823 257,517 5,846 61,569 13,738 (5,931) 1,4(Kl (1,5()1) (320) 251,586 7,246 60,()68 13,418 309,772 1,885 2,(H)O 3,,060 (6,987) 302,785 1,885 2,IM)O 4,505 1,445 2,169 9,130 11,299 480 (480) I,(K)1,285 (11,670) 989,615 TOTAL FUNDS 1,128,840 (824) 1,128,()16 27 continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS - continued Comparalive net movemenl in funds, included in ihe above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 10,846 10,846 Restricted funds Dep<irlmLnl Ill- Education (Ihri)ugh SPPG) 1,046,987 (1,046,987) Dep<irlmLnt ol Education (Capital Bclvoir) (IhrougyliSPPG) Bclfasl City CounLil (Capilal LIF) ThL Mdrkcls IIHSCT- Roma Projccl LIF - Capilal-(Bclvoir Ouido()r Arca) Social Invcslmcnl Fund Capil<il SIF Thc ExcLulAvc officc - SIF- Bclv()ArrriiugYhm()n(Igyh Clipilal 13clv()ir C()mmunily Hub STEP - F(Irw(Ird Si)ulh P<irlncr5hip/ DLp<irlmcnl {)[ EduLali()n TEO Urb£in VillagL'S - 'A Place for Me, Pr()jccl F()rward S()uih - WinlLr Hard4hAp Fund DE Fiiir Sicirl - R()m¢l H(Ipc ProjLLI TEO Urb<in VilldgLs Kccping Warm Staying S(Ifc (8,426) (8,426) (5,931) (5,931) 1,4(M) (1,501) (320) 1,400 (1,501) (32()) (6,987) (1,305) (6,987) 1,445 2,750 61,744 (61,744) 25,492 500 42,472 (16,362) (511()) (42,472) 9,130 (480) (480) 1,181,345 (1,193,015) (11,670) TOTAL FUNDS 1,192,191 (1,193,015) (824) 16. CONTINGENT LBILITIEs A conlingcnl liabilily exisls to repay grants received .should certain conditions not be fulfilled by Ihe charily. continued...
South Belfast Sure Start Notes to the Financial Statements - continued for the Year Ended 31 March 2025 17. COMPANY CHARGE A Comp<iny charge was created on 7th April 2014 belween Souih Belfast Sure Siarl and The Departinent of EduLalion. The Charge Lon5isled of Ihe pr¢mi8e8 LDmpri8ed in an indenture of Conveyance dated 12 March 2014 and rnlide belween Belfast HLalih and Sncial Carc Trust of the one part and South Belfast Sure Slart was on, the other part.The premises conlained in Ihe lease was all Ihai portion of land lind premises being part of the land of Bclvoir situated in ihe Townland of Ballylenaghan Parish of KnoLkbreda, Co.Down. An()ther Lornpany charge wa5 created on 31st July 2020 belween Souih Belfast Sure Siarl <ind The ExL'Lulive oifiLe. The Llidrge consisted of the premises Lonl(iinvd in foli() DN2(12fi89 Co D()wn being Belvoir Clinic & Library, 52 Drumart Square, Belfast, BT4 4DL. C()nlain% ncg(Ilive plcdge. 18. RELATED PARTY DISCLOSURES Thcre were no related p(Irly Irans<lLtions for Ihc year ended 31 March 2025. 19. FRC ETHICAL STANDARD - PROVISIONS AVAIIABLE FOR SMALL ENTITIES In Lommon wilh mliny oihcr bu%inL'SSCS ol our size and nature wc use our audilors lo prepare dnd submil rcturns lo thL lax auihorilies and a8Si%t with thc prL'paralion of Ihc fAniincAal slalements. 20. POST BALANCE SHEET EVENTS Thcrc wcr¢ no Evcnts altcr ihc rcporling pcriod Iheref(Ire ni) m(Ilcridl issucs nccd di.sclo%Ld. 21. WINDING UP Evcry mcmbcr of Ihc Company undcrlakc% to contribulc to Ihc asscls nf Ihc Company, in Ihc evcnt of thc samc bLingy wound up whilc il is a mLmbcr, or wiihin onc ycar (IfiLr il LLabLs lo hL <1 m¢mbLr, lor paymcnt ol Ihc dcbls and liabllilics of Ihc Company Lonlraclcd bcforc it ccasLs to bc <1 mcmbcr, and of Ihc cosl.s, chargycs and expenses of winding up, and for Ihc adjustmcnt ol Ihc righls of thc conlribulor's among Ihcmselves, such iimounl as may be required not exceeding one pound. 22. SHARE CAPITAL The Company is Limiled by Guiiranlee and has no Share Capilal 29
South Belfast Sure Start Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies D()nalii',I I 100 100 Other trading activities Other Income 14,476 10,746 Charitable activities Gr<inls rLLLiv<ible 1,276,395 1,181,345 Total incoming resources 1,290,971 1,192,191 EXPENDrruRE Charitable activities Wages Social sccurity Pcnsions In%ur<inLL' Ligihi ¢ind hcal TLILph(In Pi)%lilgYL (Ind %talioncry Sundrics Training Cosls Bank Slaff RL'pair% & MciinlcnanLL' C()mpulLr Mdinleniince & IT Hospilalily Clcaning Conlcrcnccs & Mcclings Direci Projcci Costs PholoLopying Molnr & Travel RL'%()urLes & Toys Vcnuc C05ls Urban Villages Programmc Costs Water charges Lcasc Uniforms Belvi)ir Hub Wind50r Womens Cenlrc SLA Carried forward 947,687 49,512 45,588 11,585 5,124 9,867 4,828 995 5,298 2,593 226 4,668 881 2,718 1,109 18,113 1,931 8,572 17,997 43,716 2,640 434 10,000 1,445 1,740 16,000 1,215,267 856,601 39,405 27,323 9,864 ,),4(11 12,277 2,92() 52 2,642 -3,891 5,622 4,601 904 2,228 806 17,315 1,228 8,039 17,424 27,200 1(),665 412 10,000 1,120 1,305 21,630 1,094,875 This page docs not form part of the statutory financial slalemenls 30
South Belfast Sure Start Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Charitable aclivities Brought forward DE Fair Share- Roma Hope Projecl Solas SLA STEP Depreciation of tangible fixed assets 1,215,267 5,349 16,000 34,332 23,165 1,094,875 10,530 13,520 41,198 25,694 1,294,113 1,185,817 Support costs Governance costs Audilors, remunLralion ALC()unlancy FLL t£gal & Prolc%%i()n<il Costs Bank FLe.s 1,500 2,940 1,756 875 1,500 2,898 1,728 1,072 7,071 7,198 Total rcsourLes expended 1,301,184 1,193,015 Net expenditure (10,213) (824) This page does not forni part of ihe statutory financial statements 31