REGISTERED COMPANY NUMBF,R: NI 042091 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC 103284 Trusl Fln#nLiMI StulL'ments for the Yemr F.n(Icd 31 MArch 21123 for C:Iilin Nei Acom hbourhoi)d Sure Starl Pro'cct Guar ntL' Lynn Drake & Co Ltd Statutory Auditors I st Flooi. 34 B-D Main Sti'eet Moii'a Co. Ai'inagh BT67 OLE
Contents of the FinanLldl Statements Page Reference and Administrative Detail Report of the Trustees Report of the IndependL'nt Auditors 9 to 12 Stuteinejit of Financial Activities 13 Stlltemenl of Financi91 Position 14 Statement of Cash Flows 15 Notes to thc Slattment of Cash Flows 16 Notes (o thc FinanLi¥I Statements 17 to 27 DetAilL,d StatemL'nt of Financial Aclivities 28 to 29
Colln Nei hbourhood Sure Stari Pro eel R ferenee and Administratlve Details for th Year Ended 31 March 2023 TRUSI'EES Theresa Brady Miss Carla Lcah Fraser David Simpson Floreiice Davidson Judith Searle Hugli Moore Isobclla Loughran Sarah Grant-joiies Gerard Heery RF.GISTERED OFFICE ljiiit 21 Dail'y Fai'in CoiTJpI¢x St¢wai'tstowii Road DLiiimurry Co. Antriin IIT17 OAW RTr=GIS'I'FRLD COMPANY IYUMIITr.R NI 042091 (Nortlierii Ii'claiid) REGISTEIIF.D CIIARITY NIJMJIFII NIC 103284 AUDITORS Lyiiii Drake & Co Ltd Statiilory Audilors 1st Floor 34 B-D Main Street Moira Co. Ai'magh B'l"67 01.E CHIEF EXEC OFFICF.R Roger Wiiiter
Colin
urhood Sure Start Pro
ect
ort of the Trus
Tlie trustees who are also directors of the cliarity for the piirposes of the Compaiiies Act 2006. present their
i'eporl witli the financial stateinents of thc cliJrity for thc year elided 31 M
lin 'tart Pro. rl of the Trustee rc OBJECTIVES AND ACflVITIES Public benefit Public b¢nefits are: (a)'fhe pr()Inotion for the public benefit of urban r¢g¢neratioii iii the Colin area and tlie SLirroundiiig catchinent areas in Belfast and the city of Lisburn (tlie 'urea of benetit"), an arca of social and ecuiiomic deprivatioii, by all or aiiy of the tollowiiig Ineans: l . The developinciit and ediiLatioii OF cliildren below stalutory age 2. Bettei- iinderstaiidiiig ot. th¢ physical, emotion<il aiid Ineiital liealili iiceds of children and adults in the coininunity willi belter healtli <iiid well-beiiig will liaving ali iinpact from pregnanLy to early developnient 3. Tlle relief of poverty in sucli ways as inay be tli()ught fit 4. Tlie provisioii of recreational facilities foi. faini lies or those wlio by reason of their youtli, age, infirmity or disablciiient, poverty or social and ecoiioinic circumstaiices, have need of such facilities. Tlic direct benefits whicli flow fi'i)m tliis purpose are iinprovcinent,g in ilie soeiall¢conomic cirLutnstaiiceq of pareiitslcliildreii living in ilie area ot" bcii¢fit including greater acccss to ti'aiiiiiig aiid edii¢alion PI'OLFI'airincs/gLiidai)ce, aiid stronger pai'tiuipatioii of al l age groups. 'I'liis promotes neighbourhood reiiewal, re.sil ieiice aiid liealtliicr coinmuii ities. Tliese, bcnefits are demoii.sti'ated through mcinbei s feedback, quarlerlylaiinual activity reports and outCOlnCs-based ev£iluatioii, "fiiis pui'pose docs not lead to harin. The bL'netiLiai-iLs of tliis purpose al'e al I parent8 dnd chi Idreii. (u) private benLfit lo Iru.%tees inay arisc if tlie knowledgvL' they g7ain a.8 d trustLe lo good governiliicc and urban regei)eriltioii is transferablc to <inuther sL'ltiiig. I'liese beiielits are incidLntal diid iieLessiiry to L'nsiii'e tlie benefit is provided to thL beiieficiaries, (b)"fo provide enLouragcinci)l and practi¢ul siipporl scrvi¢cs to exisliii&¥ dnd new parenls's groups in ihc are of beiiefit so as to iiici'ease the ir efl ICiLnLy aiid effectivcne.ss iii acliieviiigT their uliaritablc aims. Tlie dirc'Lt benLfit whicli flows froirj iliis purpo8C is tliat kiiowledgc iiiid .skill% al'e translcrred to siippurt PArcnls's groups in Ilic arca ol. bLI)Ifil. iiicreasii)8 levels uf Skills and capoiily to achievc Il)Lir Ll)ai'ilablL aiins. Evidei)ce to dgmoiistrate this bciiefit will be the SLI.slainability of pareiit%'s aiid cli ildreii'5 activity witli iii Ihc area of benefit. Tliis purpose does not Icad to Ii<irni. 'I'he bcneficiai'ies of this piirpose are all parent.q and childreii. There is no privatc beiicfit arisiiig froin this purpose. (¢)'fo dev¥lop Ihc ciipalily aiid .ski Ils of parL'iiiS iii ihe area of benefit in such a way that Il)ey nrc bellcr able to idenlify. and IIL'lp Incet, tlieir iieeds and to parlicipate Inore fully in suciety. The dircct beiiefil wliicli flows froin this piirpose is thal thi'ough developiiig a sclf-help Inodel, fainilies are SLipportcd to bui Id tlieir capacity and skills to identify thcir necds and to develop s¢rvices to Ineet theii. distiiict iieeds. 'fhe evideiice to demunstratc this benefit is provided froin meiiibers, feedback, iiicreased representatioii oli coiiimiiiiity foruinslnetworks, qll£irlerly/aiiiiudl Inoniloriiig dnd activity reports. This purpose does not ledd to harni. The bencficiaries of tliis purpose are all fainil ies and cliildren. Tlicre is no private benefit ai'ising froin this pui'pose. (d)To promolL social iiiclu5ion. ¢qualiiy of opportunily aiid good r¢la(ions across all diversity slrand.4. including race, etlinicity, gendei., age, sexual oi'ieiitation, I'el igion and disabi lity aiid to eiicourage diversity. The dircct ben¢fit which flows froin this piirpose is tliat tlie project will contribute to the developmeiit of a Inor¢ inclLisive, eqiiitdble and divei'sc society tlirougli delivery of good i'elation5 prograiTJines. Tliis will increase local iind¢rstaiidiiig and acceptaiiLe of diversity. Tliese benefits are demonsti'ated tlirough greater inclusively 2nd divei'sity within tlie meiiiber511iplcoiniiiuiiity. Tliis purposc does not lead to harm. The bciieficidries of tl)is purpose al-e all parents aiid ch i Idi'eii. Tliere is no private beiiefit arisiiig from this purpose.
Colin Nei ourhood S Start Pro. ort of the Trustees r the Year Ended 31 March 2023 STRATEGIC REPORT Financial pusitioii Tlie compaiiy had iiet Outgoing resources for the year of £976 (2022.. net incoining resources of £6,917), wliicli reflected the coinpletion of a niiinbcr of projects during tli¢ yeai.. Uiire5trictcd tunds iiicrea%¢d during the year by £1,358 whilst restricted funds decreased by £2,334. As we b¢g<in tlie 2022 year in April, Covid-19 measures and restrictions were very inucli still iii place, ¢ind while face-lo-face delivery had returiied for tli¢ projcct in our childrens groups aiid pareiit support pi'ogr&ini)ies, this was still with significaiit mitigations in place, includiiig social distancing. 'fhis coiitinued to have an iinpact on tli¢ group siies thill tlic project was able to cater for across maiiy of our postiiatal progranimL'S, and Ih¥re was significaiil additional work rcquired in impl¢mcnting saf¢ pri)LL'dures. risk assessineiits, additional hygiene measures and planning. Biit the project, with the experience of tlie previous period had dcvelop¢d good systcms lo coiitinue lo deliver scrvices in a safe way and Iliesc were iinplcinenled by a coinin itted staff teain wlio were detei'inincd to conlinue to pi'ovide quality early yeurs expei'icnces for parents and tamilies. We had also expcrienccd increasiiig deiiiand as services returned to facc-to-faLe delivery following tlie C()vid-19 lockdowns, with liigli voluines of refei'rals fr()ni Cxteriial agencie.s aiid parents and faiiiilies tlIL'ni5elves comingT forward sceking support and services. This was really positive, and d¢inoiisli'aled tlie value of our work and also perliaps Imany activities tlidl wcre takLan for granted until they wcrL 8topped dui'iiig lockdowiis and their impact was trlily felt. Biit it also Inednt that a backlog ()f faiiiilies wlio liad Inisscd oul un Ihcse vital social &iroups and expLri¢nccs suddenly WL'rc all seLkiiigy t(i engMgL' 411111¢ samc lime, &iiid ihis crcaled ¢hallL'iigcs for Ihc prujL¥I, in trying lo supporl all the5L faiiiilies aiid manage this inci'eased deiiiaiid. Iii niany cascs, the projLLt raii additiondl gi'oups, oftL'n dclivering back-lo-back pr(Trgruinines to f4ciliiaic twice the numlK'r of altendees. Qnce again, Ihis is a hu¥¢ Icstament to tli¥ dedication aiid coinin itment of Ilic staft teain at Coliii Sui'e Start, qtepping up aiid I Iiidiiigj solulioiis to meet Ihc faiiiily's ne¢d%. 'I'licse addilioiidl prvbirainnics w¢re YLflccled iii our oiitLoiiies und oulputs reporl, witli many of our business plaii tdrL)et5 foi. delivei'cd prograinines bLiiig CXLeedLd by significaiil nuinbei's, AnothL'r chaSleiige tliat thc project had to iiianagi¢ dui'ing th is accouiitiiig ycar was tlie risiiig costs of dclivei'y eiiLI'gy Costs for botli ga8, oil aiid electi'ic al l increased sign iflcantly diiring the year, aiid muny gQCsds and services that tlie project reqiiire for delivery incrcased in price due to inci'cased costs of pi'oductioii aiid tl'linsportation. Many of tlic venuL'S Iliat tlie project Iiires or Icases to delivei. our sei'viLes iii tlic cominunity pas%cd 011 iliesc in¢reasiii&i cnergy co415 in ihe form of liigilicr hourly ralL'S, wIIiLh also coiitribiitcd to highcr ruiii)in&7 cosls for ili¢ pri)jL¢I. l-he projL'Lt iiiaiiagcd ihis by underlakiii& a nuJ))ber of cfftiiency saviii&s: loukiiig at wl)ere we coiild dL'livei' Inore aLlivities iii tlie Sdine venucs, or making better use of vciiues tliat tlie project is able to use for free. We were also helped by the completion of <1 major and long-plaiiiied renovation and upgrade of on¢ of our %eltiiig% in LAgmorc, wlii¢h added an addilional facilitation vcnuc in this area for owii exclusive use which gave us significaiit scope and less reliance oli coininuiiity lili'¢ veiiues.
Colin Nei ourho Start Pro. ort of Ihe Tru$tees f r the Year Endld 31 March 202 One big positive and a major development during il)L y¢ar. as mentioned Iqbovc. was Ilic rcdcvelopincnl an(1 coJiii)Ictc refil of on¢ uf our venues in Lagmvrc oli ilie grounds of Clirisl the RedLcinir Chapel, 'I"hvsc involved iii th¢ proj¢cl will kn()w this lids bL'cii sonielliiiig thul we have been lryiiig? l() get resolved for inany ycurs; as Ihe classrooni Ilial ivc werc rL'nliiigJ for the del ivery of our t)cvclopmeiii#l ProgrEuiiine for 2-3 Ycar Olds was slowly falling) iiilo disrepair and Ihc building itself agirtg and becoming aftected by danip and siibsidence. We werc ablc lo work wilh ihc t)own and Connor Dioccse, who agrcld io tund a major and coinplete refil of lh¢ mobile classroom unit, provided ihat Siir¢ Sldrt weJ'¢ willing to take on Ihc wholc buildiiig on a 6-year lease, The Board sought advise und Ihc projeLt managLr ivoi'ked closcly with rcpresenlatives Ot. Ihi Di()cc.sc on plllns dnd ali a&)I'ecd lime5calL, with the work all IK'iiig compl¢l¢d and a graiid re-opciiingi vf lh¥ rLfurbislicd buildinbj (akiiig place in SLpi¢inber 2022. '1'his is rcally an ¢xccllcnt dcvelopineiii for Ili¥ pri)jccl. and hus rfillowL'd tiot only the rL¥umplion of ili¢ l)L'vclopmenlal Programnic for 2-3 Year old5 tu Luntiiiiic lo be dclivcred on Ilie one side of ilie building, bul onoiher Llassroom oil ilie other side of thc buildiiig i)ow suppoi'ts a raiige of P<ireiit and baby support prograiiinies oli a daily basis, witli soine eveiiing pi'ogramines for Antenatal parents also delivered froin th is venue. Tliis was a real suLLess and tlic ciilinination of years of hard woi'k, pcrsevcrancc and planiiing, aiid greal coininitmeiit aild support froin thc local parisli diid Dioccse lo the woi'k tliat Siire Start is doing, Staffing continued to be aftected by Covid-19 sickness absence and cover for prograiiiincs reiiiaiiied cl)allenging, but the project reci'iiited for additional bank staff iii Early Years during th¢ yetir aiid have increused tli¢ staff that have been tlirougli cliecks and vettcd 011 the Llank I'egi.ster now lo 3 currently which cali IiLlp out with cover on shoi't-tei'in basis. The projcLt also celebrated acliieving stage 3 of t5ic prestigious UNICEF BI41 accreditation iii February, an ¢L()laLle illal acknowlcd&ie8 &io(Kl pracli¢¢ in siipporling brL'asif¢cdiiig and rL'swiisive boiilc feeding as an oi'gy<iiiisalion. 'I'liis iiivolved L'xternal aiiditoi's visiting tlie projcLt, intci'vicwiiig staff aiid parenls aiid review tlie suppoi't tsti'uctures for bred.4tfeeding iliat tlic projccl has in place. 'I'he fL'LdbaLk froin ass¢s.%ors was very positivc, reinarking oil tlie valLie and good support tl)at pareiits arts reLeiviiig to en¢oiiraLtrc lie<ilili dcvelopineiil bill also inessages about the close boiid ai)d relatioiiship building bciiig so impoi'tant for iiew pareiit.s uiid babies. PrinciplL funding sources Principle fiiiiders al'e,, Eastern Clii Idcare Partiicr5hip SEHSCT- Fruii + Vegetables Pi'ograinine 'ublic14ealth Agciicy Colin Neiglibourliood Partiiership Reserves policy The Charity 18 funded by the Eastern Health aiid Social Service5 Boiird througli tlie South Eastei'n l-lcaltli & Social Care Trust. On Occasion tlie cliarity also receives restrictcd income froin other fuiiders. The Cliarity has to Inonitor its Loinpliance with tlie i)olicy ot fuiidiiig oil d rcgular basis.Principle fuiidiiig sourLes are tlie Department of Education. Future plans Tlie projecl will coiiliiiuc our work on developin&i {)41r oiiidoor pldy provision, witli a number of iiew prograrnmL% alrLady brinb pilolcd and rolled oiil urrLring purcnts dnd Lhildrcn outdoor play opportiiiiitics and iiiforination abuut ihe b¢nclits Ilial these Laii l)ave on cliildrciis healtli. The project will continii¢ to develop our 5erviccs for childreii with additioiial iieeds both as lioine support and sinall groiip-based provisioii based on tlie i)eeds ot the coininunity.
Colin Nei hbourhood Sure tart Pro'ec ort of the Trustcc .STRUCTURF, GOVERNANCF AND MANAGFMF.NT Governing doLument The charity is controlled by its goveriiing documeiit, a deed of trusl, and coiistitutes a limited coinpany. liinited by guiif<llltee, as defiiied by tlie Cotnpaii ies Act 2006. Governance of the CharAty Diirii)g tlie period under review the directors met Inonthly. Truslees/directors are appointed by noiT] iiiations made in writing by any existiiig director. At the General Meeting iioininaled directors are appointed by election. Related parties Col iii Neighboiii'hood Sure Start Project has iio directly related parties but docs have partner organisatiuns. Colin Sure Slarl works closLly with a nunibcr of parlner orgdinisalioiis tliroughoul Il)L c.olin area. 'fhc%e parlii¢rships hL'lp lis aLhiLVC a cohesiv¢ rfipproacli io r.arly Years ¥ducalion and h¢alili proiiiotion in Cul iii and givc local rcsidents tlie besl scrvice tlidt we can. We currcnlly fuiid a iiumber of org7iiiiisatioiis and also work closely in partnersliip with otli¢r relevaiit bodics. Bai'nardos Travellers Early Yeai's, Service Colin Siire Start curi'ently fiinds Bariiardos to liclp SLipport local travLllers in the Coliii ai'ea with clii Idren froin 0-4. lonad Na fiiiseoigc loiiad Na fuiseoigc is a local Iri.41i iinmersion fainily centre and crèLhe, Loliii Siire %tai'l ciirrLiiily assist the LLntre to providc 01)e ot. our Sure St41rl Dcvelopineiit<il Progyi'ainme foi. Twu Ye¢ir Olds pi'ogvrainnies aiid a crc¥Lhe, We al80 use the Lentre to dL'liver a weekly PKlI'eiit iiiid toddlcrs gi'oup aiid otlIL'r progTr<iinmes and activities. Soiitli Eastei'ii HL'alth aiid Social C,arc Triist - Coliii Surc Stai't works in close partnersliip with tlie SEHSC'r to delivcr our .Speecli aiid Laiiguage support pi'ogi'amines. St Luke's l.amily Ccntre - Cara Hous¢ - Cara Ilouse offers supporl lo familics iii the coniiiiunily ihrougli Ihcir parents drop iii and prograinine of aLtivities wliich are SLipported by our daily crèLhe facility for iliildreii aged 0-4 years. Their range ot" prograiiimes (lim to improve personal devclopinLnt, providL iiifoi'iiialioii oli fwnily and pcrsonal healih, learn ncw .skill% und siipport Iiieimbcrs uf th¢ ci)nin)Iinity lo m()vc away from thc beiicfits cyLle and back iiito employineiit i r tliat is their aiiTJ. c.ol iii 8ur¢ Stai't ciii'rently pi'ovidcs fiiiaiicidl assistance to tli¢ centre to riin tlicir Lrèclie. Wc also riin sevcral pi'ograinine.s ¢ind activiti¢s in tlie faci lity.
olin Nei hbourhood Sure Start Pro ect ort of the Trust STRUCTURE, GOVERNANCE AND MANAGEMENT Risk tndnagement Tlie priiiciples of good governaiicc are einbedded within all a%pects of Coliii Neighbourli()od Sui'c Start Pi'oj¢ct Liinited operatioiis witli Inaiiagcinent and staff being keeiily aware of tli¢ Boards responsibility of ensui'ing that tlie orgaii isation protects itself fi'oiii financial exposui'e and reputational damage, A close workiiig relationship is Inaintained between the Board and manageinent to eiisure that operational ly staff are awarc of the Standai'ds I'cquired ot tli¢in by tlie Board uiid ilie Boai'd are always iii a position to provide guidance aiid siipporl to iiianageinent in ihe dischai'ge of tlieir duties. Tliis Iwo way relatioiisliip is the key featui'e of Col in Neigliboui'hood Sui-c Starl Pi'oject Limited governance arrangelncnts aiid is a key str¢ngtli iii the company. A coiiscientious approacli to ensuring tliat contraclual project requii'ements al'e (ILhieved has beeli Inaintaiiied at all tiines botli iii tlie aLcoiiiiting period being reported oli and sincc Colin Neiglibourliood Siire Stai't Project Limited cstablishineiit. Vei'y tighi f Iiiancial controls on expeiid iture and all finaiicial coinmitments are In(Illltained at all tiines and project staff liavL beeii trained aiid have becoine expericiiced in budgetary controls.lii both tlicse areas ie Project dclivery aiid finaiiLial coiitrols Inanag)ein¢nt all staft have establi8hi'd close working rel£ltionships with funding orgFanisations to ensure all Inaiidatory standards are coiisisteiitly achieved. Board reprcsentatives also activcly engage with funding bodies. Tlie Boai'd, iiiaiiageinLnt aiid staff are fiilly awai'L' that tli¢ iiaturo of thc woi'k in which Col iii Ncigliboiirhood Sure Start ProjeLt Liinited is iiivolvLd cali bi'iiig with it a IIiLJh levc'l of scriiliiiy t() ensurL tliat all activitics are rully coinplianl wilh funding rcquircmLiils u11d,Ilicrcfor¢. beyoiid r¥proaLh.The Board of Colin Neigyliboiirliood Sure Start Projcct Liinilcd is, thcrLfore, gyreatly rLassiii'ed ol. tlic coinpany'.% ioinpliaiicL WitII the Iiighe4t of staiidards of governanLC on thL' basi% that all monitoring and evaluatioii of projeLt delivLry deinonstrates acliievemeiit of all flinders objectives aiid ihat funders, audits and VQLILhiiig ot rinancial expend iture aiid the statutory <iudit coiifii'in coinpl lance wilh both probiiy and regularity in Ilic use of Inoiiies receivcd. EVENI'S SINCli THE END OF THTr YEAR Iiifoi'inalioii I'clating to eveiits siiicc tl)e end of Ilic year is given iii tlie noles to tlie finaiicial stiltLineiits. S'I'ATEMF.NT TRUSTEF.S' RESPONSIBILITIF,S Thc Iruslees (who are also the direLtors of Colin Neiglibourhood Sure Start Projcct for the purposes of coinpaiiy law) are I'esponsible t.or preparing thL' Report ot. the Trustees and tlic fiiiaiiLial statL'ments iii acLordance witli applicable law ai)d Uiiited Kiiigdom Accouiiliiig Staiidards (Un it¢d Kingdoin Gciierally Acccpted ALLounting PrÉ)Ctice) including Financilll Reportiiig Standard 102 'Thc Fiiidncial Reporling Standard applicable iii the IJ K aiid Republic of Ircland Coinpany law rL'quire5 the trLlStLLs lo Iirepare fin¢iiiLial st81cmenls for cach finaiicial ycar whicli give A Iritt and fair view of the gtate of affair8 uf tlic cliaritable coinpany arid of ilie iiicoming resoui'ces aiid applicatioii of. resources, includiiig tlie incoine and cxpenditure, of the ch<iritablc coinpaiiy foi. tliat period. In prei)aring tlios¢ fiiiaiicial stateiments, tlie trustees are reqiiired to select suitable accountlllg policies and tlien apply them coiisistently. obsei've the methods and principles iii tlie Charity SORP. make jLidgeineiits and estiinates that £ire rcasoiiable and prudent; state whether applicable accoLintiiig standards have be¢n followed, subject to any Inalerial departures disclosed and explained iii tlie fiiiancial statemeiits. prcpare the fiiiaiici¢il stateiiients oli tlie goiiig concerii basis unless it is inappropriate to presume tliat the cliaritable coinpany will contiiiue iii busiii¢ss.
Colin hbourhood Sure Sta tPro ect ort of th Trustees STATEMENT OF TRUSTEF,S' RESPONSIBILITIF.S- continued The trustees are I'espoiisible for keepiiig proper accouiiting records wliicli disclose with reasonable accuizcy at aiiy time the fiiiancidl position of tlie ¢haritabl¢ coinpai)y and to enable them to ensure that the financial statcinents comply witli tlie Coinpaiiies Act 2006. They are also responsible foi. bafeguarding the assets of tlie cl)aritablc coinpany aiid henLe for takiiig reasoiiable steps for tlie preveiition and detection of fraiid and otlier irregularities. In so far as tlie trustees are aware: there is no relevaiil audit inforinatioii of which the Lharitable uompany's auditol-s dre unaware. and the trustees hav¢ lakeii all steps that they ought to have taken lo Inake tliemselvcs aware of aiiy relevant audit infoi'niatioii and to establish tliat tlie aiiditors are aware of tliat inforination. AUJ)ITORS Tl)e auditoi's. Lynn Drake & Co Ltd, will be proposed t'or re-appointirent at the fortlicoining Aiiiiual General M¢¢ting. Report of tlie Irustces, iiicorporatiiigy a stl'dlegic I'eport, api)roved by ordcr of tlie board of trustees, as tlic compiiny directors, on 4 September 2023 and signed on tIiL bodrd's belialf by., M iss Carla Le<ili Fi'aser - "frustee
orl of ihe I nile n<lenl Auditors t(1 the Tru.4tces and Member4 of lin Nei hbourhood S re rt l)ro Opinion We have audited tlie financial statemcnts of Colin Neighbourhood Surc Start Project (thc 'cliaritable coinpaiiy,) foi. the year ¢iided 31 March 2023 wliich coiiiprisc tlie 8tat¢ineiit of Fiiiaiicial Activiti¢s, the Statement of Financial Positioii, tlie Stateineiit of Casli Flows aiid iiotes to tlie finai)cial stateinents, iiicludiiig a suminary of SiBiiilicanl accoiiniiiig policie5. '1'hL fiiiancinl rLporling fraiiiework lh.qt lias bc¢n applied iii their preparatioii is appliLable Saw and United K ingdoiii Accouiiting St<indards (Uniled Kingdom Gen¢rally Accepted Accouiiting Practice), incliiding Financial Ilcportiiig Staiidard 102 'The F iiiancial Reportiiig Standard applicable iii tlie U K aiid Republic of Ircland,. Iii our opiiiioii the fiiianc ial statciNents', give a ti'iie aiid fair view of tlie state of the charitablc coinpany's affairs as at 31 March 2023 aiid of its iiicoming resources und application of i'esourL¢s, including ils income aiid exp¢nditure, for tlie yeai. theii elided; lidvc been properly prci)ared in acLordaiice wilh Unilcd Kingdom GcnerAlly Acccpted A¢¢oiinling Practice. iiicluding Financial Rcportiiig Standai'd 102 'Tlie } inancial Repoi'tiiig Standard appl icable in the UK <ind Rcpublic of Ireland and have b¢en prcpai'ed in accordance with the requirements of the Companies Act 2006. Basis for opinion We conductcd our aiidit in acLurdaiice with Iiiternational Staiid<irds on Auditiiig (UK) (I%As (UK)) aiid applicable law. Our rcsiK)n.sibili(ies under those staiidard8 are lurfher des¢ribLd in ihe Auditors, responsibilities for tlie audit of the liiiaiicial stateineiits section of our report, We are iiidepciident of Ilie harilable conipaiiy iii aLcorduiice wilh tlie ethical rL'qLllI'cments ih¢it al'e I'eleviint to oui. audit of ilic financial stalcinLiits iii Ihe UK, iiicludiiig thL PRC'S i-lhiclll Slandard, and w¢ liav¢ fuifillLd our ulh¢r cthical re.8poiisibi litie.% in acLordaiice wiLh tliese i'Lquircmeiits. Wc bcliLve tliat the audit evidc'iicc we liave ol)taiiicd is sulL[LnI aiid appropriate to provide a basis for oui. opiiiion. conclu.8ioiis relating to going concern In ¢uditing thL' I Inaiicial statcineiits, we liave LonLluded that the trustees, use of the going coiicerii basis of accounling iii the preparatioii of the fiiiaiicial staleinentS Is appropriale, Bascd on the work w¢ liave perf()rmcd. we liave nol ideiilified aiiy malerial unccrtsiinlies relaliiig to evenls or coiiditions that, individiial ly oi. colleLtively, Inay cast sigvnificanl doubt oli the cliaritable compaiiy's ability to conliiiuc as a going concern for a pcriod of at lea.8t twclve Inontljs fi'om wlien the fiiiancial stateinciits al'e ¢lUtliorised for issiie, Olir Yespoiisibi lities aiid the respoiisibilities of the trustees with I'espect to going coiicerii al'e described in the relevanl scctions oftliis report. Other informatlOH Tl)e Irustecs are responsible for tlie othcr inforillation. The otlier ii)forination coinprises tlie infoi'inatioii inLluded iii the Anniidl Report, othcr tlian tlic tinancial stalemcnts and OLir Repoi't of tlie Iiidepeiident Aiiditors thereoii. Our opiiiion on tlie finaiicial stateinents docs not cover tlie other iiifoi'ination and, except to the extent otliei'wis¢ explicitly staled iii our rcpoi't, we do not express aiiy form of assuraiice conclusioii tliei'eoii. Jn conneclion wilh our audii of lh¢ financial stalemLnt8. our resP4)iisibility is i() read Ilie other inforn)ation and, in doing so, consider wlieiher the ollicr inforinatioll 15 materially inconsistent with tlie financial stateinents Di. our kiiowlcdge oblained in tlie aiidit or otherwise appcars lo be materially ITJiSStaled. If we identify 511ch inalcri¢il inLon5isl¢nLies or apparLiit niat¢rial mi4statcniei)Is. we are rcquired to deteriiline wh¢iher this giYe5 risc lo A iiiateriiil 171isstatL'mciil in ihc finaiicial slateincnts tli¢msclves. Ir, bascd on ihc work we havc pei'foi'med, we coii¢lude that thei'e is a matcridl Inisstateineiit of this other iiiforination, we dre requii'ed to I'epoi't that fact. We liave nothing to report iii this regard.
Kirt of Ihe Indi, cndcnt AiiiISlo to Ihc Tru81ees and Members of dsu Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based oli tlie work undertakeii in the course of the audit: tlie inforination given in the Report of the Trustees for the financial year for wliich tlie finaiicial stateiMent% are prepared is con.sisteiit witli tlie financi¢il statements; aiid tlie Repoi't of tlie Truslees lias beeii prepared in accordance with dpplicable legal reqiiireineiits. MAtterii on which we are required to report by exeL'ption In tlie l ight of the knowledge and iinderstanding of tl)e cliaritable company and its eiivironment obtained in the coui'se of the audit, we have not idetitified inaterial misstateinents iii the Report of the 'l'rustees. We havc nothing to report in respect of the following matters where the Compaiiies Act 2006 requires us to repoit to you if, in oiir opinioii: adequale accoLinting rccords have iiot been kept or rcturns adequatc for our audit liave not bcvn received from brai)ches not visited by us. or the fiiiancial statemciits are not in agreeincnt witli Ilie accoiinting i'ecords and returns. or certain disclosures of ti-uslees, reiiiuneratioii specified by law arc iiol Inade; or we liave not rLceived al I tlie inforinatioii aiid explanations we I'equire for our audit. Responsibilities ol. trustees As explained Inore fully in tlie Stateincnt of Triistecs, Respoiisibilities, thc trustees (who are also tlie dir¢clors of ihL' cliaritable Lompaiiy for the purpLI.4cs of LoIiipllny law) arc rcsponsiblc for thc pr¢paralion of the financial statenieiits aiid for being7 satisfied ihdl tliey give a Iruc and fair view, aiid for suLli internal contiol as tlie trustees dLtei'in ine is ncLessary to eiiable the prepiil'atioii of finaiicial stateineiits ilial al'e fl'ee froni Inaterial missLiteinLnt, wliethcr due to fraud or Lrror. Iii preparing tlie fiiiancial slaleinents, the trustees are respon.4ible for asscssiiig tlie cliaritablL coinpiiny's abilily to conlinuc a5 a goii)g coiicern, di5Llosing• as appl icable. mdllcrs relat¢d lo going conc¢rn and using tlie going coiiLerii basis of dccoiinliiig uiile.8s tlie tru.8tees ciilicr intend to liquidate thv charitable COlnP¢iny or to ¢ease operations, or liave no real istic alternative but to do so. 10
Ile )orl nf thc In(Ic ondent Audit(Ir$ In the Truslees ind Members of Colin Nei ?hb(iurhood .SurL' StArt l>i'o ect Our responsibilities for the audit of the financial statements Our objectives are to obtain reasoiidblc assur(Iiicc about whetlier the finaiiciiil stateineiits as a whole are free froin tnaterial Inisstateinent, whether diie to fraiid or error, and to issuc a Report of the Iiidepei)deiit Auditors tliat incliidcs our opiiiion, Re&soiiabl¢ dssiirance is u liigh Icvel of assuraiice, bill not a guardnlLL Ilial ai? audit coiiducted in acLordance with ISAS (UK) will always detect a Inaterial Ini8Stateiiieiit when it exists. M isstatemciils can ai'ise from fraud or error and are considered material if, individiially or iii tlie aggrcgate. they could reasonably be expected to influciice the economic decisions of users taken oli the basis of these fiiiancial statemeiits. The extent to wliich OLir proccdures al'e capable of detectiiig ii'regularities, including fraiid is detailed below: Irrcgularilies, including fraud. ar¢ iiislances of non-coJiiplianLe with laws and regulalions. WL, dc.sign proccdurcs in linLi iyith our responsibilities, Ol511iiied above, to detect m¥lerial inisslalL'menl.s in respccl ot irregularities, including fraud. I'lie exteiit to which our procedures are capablc of detecting ii'regulai'ities, includiiig fraud is detailed below: Based on our understanding of tlie coinpany and iiidustry, wc idenlified tlie priiicipal I'isks of iioii-coinpl ianLe witli laws aiid regulations as tliose tliiil Iiave a d irect impact oli the dcleriT)iiialion of Inaterial amouiits aiid d isclosLircs iii tlie finaiicial .8tateinenls. Wc evaluated Inanagemeiit's iiicentives aiid opportuiiilies for frauduleiit InanipLilation of the finaiicial slatcincnts and detcriiiiiicd ihat tlic priiicipal risks rLlalcd lo rL*v¢i)uL reLognilioii. Wc commiinicatcd the idLiitificd laws and reLrLilatioiis throuLrhout thL aiidil tLain aiid rL'iiiaiiied alert to <iny indicatioiis of non-ioinpliaiile througrlioLlt tlie audit. Audit procedure.s perforiiied iiiLluded, but were iiot liiiiitL'd to,. Discussions witli Inaiiageinc'iit iiicludiiig Lonsidcratioii of known or suspecled instaiices of non-coinpliance witli laws aiid rcgul<ilioii aiid fraud. Reviewing tlie friiiancidl stateinent disclusures aiid tcsting to supporting docuin¢ntatiun' RL'view of board meciingy Iniiiutes of tl)o%c chdl'ged witli govei'naiice. In addiessiiig the risk of fraiid through Inanagyemcnt ovei'ide of controls, tcsting tlie appropridteiiess of jouriial eiitries and otlier adj ustmenls. As part of ali audit in accnrdaiicc wilh ISAS (UK), we cxerLise pi'ofessioiial judgincnt and Inaintaiii profess ioiial scepticisill tliroughout tlie audil. We also:. Ideiilify ind assess th¢ risks of malL'rial ini55tatLmLnt of thL fiiiaiicial siai¢menl5. whether duc 10 fraucl or crror. dcsign and pLrforiii audil procedur¢s fLspnnsive lo Ihose ri%ks, and obiain audit cvidencL Ilial i bufTiciL'nl and appropriate to provide a basis for our opinion. 'I'hc risk L)r iioi dcli'Lliii&y a inalLrial Iiiisslateinent resultiiig froiii fraud is higher tliall for onc resulliiig from ei'ror, as fr<iud Inay involve colliision, forgei'y, iiiteiitiQll¢il omissions, Inisrepi'csentalions, or the overi'ide off interiial control. Obtain ali understaiiding of internal control relevaiit to the audit iii order to design audit procediires tliat are dPPI'opfidte in tlie circumstances, but not for the purpose OF expressiiig an opiilion 011 tlie eftectiveiiess of tlie chai'ities internal control. valuate the appropi'iateiiess of accoiintiiig pol icies used aiid tlie reasonableness of accouiitii)g estimates and relatcd disclosui'es Inad¢ by the ti'ustees. Perform aiialytical pi'ocedures to identity any uiiusual or unexpected relatioiiships that may indicatc risks of material In isstatemcnt due to fraud or ei'ror.
rl of the Inde endent Auditnrn tn the Trustec5 4nd Members of hbourhood S r Slart Pro Coiiclude on the appropriateness of the trustees, use of the going coiicern basis of accounting and based on tlie aud it evidcnce obtaiiied, whether <1 Jnaterial uii¢¢rtainty cxist.8 r¢lated to evenls or coiid ilioiis thiit may casl sigiiificani doubt on IhL cliaritics abilily Io Loiiliiiue a5 a going ¢onLLrn, I r wc COTIC lude ihat a material Iiiiccrtaii)iy exists, w¢ arL' rcqiiired io drdw dtlL'iilioii iii our audilvr'5 ri'porl l() the reliitld di.sclosu5 in ihe rinancial statemeiits or, if siicli disclusui'es are iiiadequate, to niodify our opiiiioti. Our ¢onclusion8 are based on the audit evidence obtained up to the date of our aLiditor's report. I lowev¢r, future eveiits or conditioiis may cause the chai'ity to cease to continLie as a going concei'n. Evaluate tli¢ ovei'all pre.8eiitation, structure. (ind content of tlie financial statemei)ts, iiicluding the disclosures aiid wli¢ilier the finaiicial slateinents i-epreseiit tli¢ uiidcrlying tr¢illsactions Iiiid events in a iiiaiin¢i Ihat acli icves fair presentation. We cumiiiunicate with ihose cliarge with governancc regarding, among otlier mattcrs, tli¢ plaiined scopc and timiiig of tlie audit aiid significant audit findings, including significant deficieiicies iii internal coiilrol tliat we id¢ntify duriiig our aiidit. A further description of our re%poiisibilities foi. tlic audit of thc finanLial stateinents is loLatcd on the Fiiiancial Reporting Council'.q website at www. frc.org.uk/auditorsrespon8ibililics. 'Fhis description forms part of oiir Report ofthc Independeiit Auditors, Ilse of our report Tliis repjrl is mddL soILly lo the LharitablL Lonlpaiiy's membcrs, a.s B body, in accnrdancL' Witli Chapter 3 or Jart 16 01" the Companies Aci 2006. Oiir aiidil work li115 bcLii iindertcik¥'n so Ihal WL. niigilit slalc lo Ihc harilable coiiipany's Iiiciiibcr5 thosL inallcrs wc arc rcquirLd io state to ihLm in an Judilors, rcport lind for no oilicr purpose. .5 o Ilic fullest exlent permitlcd by law. we do iiot accepl or &ssuine rispoii.sibility to anyoiie oth¢r tlia tli¢ ¥liarildblc conipaiiy and ilic cliaritllbl¢ company'5 members as a body. lor our audil work. for Ihis rcp or tur Ilic opinions we liave forined. Billy t) Senior Siaiutory Auditor) for aiid 01) iaifof Lyiiii Drakc & Co Lid Statutory Aliditors I st I,'loor 34 B.D Maiii Sli'eet Moira Co. Arinagh BT67 OLE 4 Septeinber 2023 12
Colin Nei hbourhood Sure Start Pro ect Stateme f Financial Act. oratin n InLom vi ies an enditure Accou forl 23 31.3.23 Total funds 31.3.22 'rotal funds Unrestricted Restricted fuiid funds Notes INCOME AND ENDOWMEIYTS FROM Charitable activities SEH&SC'I' PubliL Health Ageiicy 889,247 3,385 889,247 3,385 856,817 3,385 Other trading activities 1,3511 1,358 1,060 Total 1,358 892,632 893,990 861,262 FXPF,NDITURY Charitablc #ctivities SF.H&SCT Soutli r.astern Trust Public Healtli AgeiiLy CJoveriiance 727,468 156,179 3,385 7,934 727,468 156,179 3,38S 7,934 697,400 146,597 3.385 6,963 Total 894,966 894,966 854,345 NE'I, INC()MEI(II XPFNI)ITURF.) 1,358 (2,334) (976) 6,917 RF.CONCII,IATION OF DUNDS ot<il t"uiids brougyht t"orwdrd 934 12,999 13,933 7,016 TOTAL FUNDS CARRIED FORWARD 2,292 10,665 12,957 13,933 Tlie iiotes form pai't of tliese financial stateinents 13
Colin Nei hbourhood Sure Start Pro ecl Statetnent ol. Financi. Imar h 2023 on 31.3.23 31.3.22 CURRENT ASSETS Debtor8 Cash at bank 10,930 5,723 12,999 6,188 16,653 19,187 CREDITORS Ainounts falliiig due within one year 12 (3,696) (5,254) NET CURRF.NT ASSE'I'S 12,957 13,933 'roTAL AS5EITS LESS CURRFNT LIABILII"IF.S 12,957 13,933 NF.T A¢iSF.T.S 12,957 13 ()33 FIJNI)S LJiii'Lstricted fiiiids Ilcstricted fiiiids 14 2,292 10,665 934 12,999 'roTAI. V UND6• 12,957 13,933 The fiiiancial statemLnts wei'e approved by the Board of Ti'ustees and authorised for issue on 4 Septcrnber 2023 iiiid wei'c sigiied on its behal t. by: Cal'la Leah Fraser - Ti'ustee 'rheresa Brady - Trustee Judith Searle Trustee The notes form part of tliese finaiicial statcinents 14
Colin Nei hbourhood Sure Start Pro ect StatLiment of Cash Flows for the YL'ar Ended 31 March 2023 31.3.23 31.3.22 Notes Cash flows from operating activities Casli generated froiii operatioiis (465) (53,223) Net casli used in operatiiig aclivities (465) (53,223) Change in cash aiid cash equivalents in the rc'porting period Cash and cash equivalents at the beginning of the reporting period (465) (53,223) 6,188 59,411 ca.sh and cash equivalents at the end of Ihe reporting pcrAod 5,723 6,188 Tlie notes forin part of tliese financial stateliieiits 15
Colin Nei hbourhood Sure Start Pro ect NDtLS to thL Statement of Cash Flows for the Year Ended 31 March 2023 RECONCILIATION OF NET (F,XPFNDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACI'IVITIES 31.3.23 31.3.22 Net {expenditure)/income for the reporting period (as per the Statement of Financial Activitics) Adjustments for: Decrease/(iiicrease) in debtors Decrease iii credil'oi's (976) 6,917 2,069 (1,558) (827) (59,313) Net cash used in operations (465) (53,223) ANAI,YSIS OF CHANGES IN NET FUNDS At 114122 Casli flow At 3113123 Net cAsh Cash at batik 6,188 (465) 5,723 6,188 (465) 5,723 'I'otal 6,188 (465) 5,723 The iiotes foriii part of these financial stateinents 16
lin Nei Sure Start Pro the Financial 31 tements ACCOUNTING POLICIES Basis of preparing the financial stalements (a) General informativn and basis of prcparation Colin Neiglibourliood Sure Start Project Liinited is constituted as a company liinited by guarantee iiicorporatcd in Nortlierii Ireland (N1042091). In the event of the charity beiiig would up, the liabi lity iii respect of the guarantee is liiiiited to £1 per iT]eiT)ber of the charity. The cliarity constitutes a public benefit entity as defincd by FRS 102. The financial stateincnts liave been preparL(l in accoTdanc¢ with Accounling and Reporting by ChaTilies.' Stalemenl of Recoinmended Practice applicable to cliarities pi'epariiig their accoiints in accordance with the Financial Reporting Standard applicable in the UK aiid Republic of Irelaiid issued 111 2019), tlie Finaiicial Reporting Stiindard applicable in tlie Uiiited Kiiigdoin lind Republ IL of Ircland (FRS 102), tlie Chai'itics Act (Northern Irelaiid) 2013, tlie Coinpanies Act 2006 aiid UK L¥ciiLrally Accepted Practice., Tlie fiiiaiicial statemcnts are prepared on a going concern basis under Ihc historical cost Loiivcntioii, niodified to include certain iteins at fair V¢ilue. The fiiianoial statemeiits are pi'eseiiled iii sterling wliicli is Ihe fuiictional currency of the charity, The sigFnificant accounting policies tipplied iii thc preparatioii of these tiiiaiicidl stateinents arL set out bclow, 'I"hcse pol icies liave becn COliblSteiitly applied io all ycdrs presented uiilLss otherwise stated, (b) Funds lJiirestriLtLd fiiiids ai'c avai lable for u%e at ihe d iscrction of tlie tru.stccs iii furtliL>rance of tlie general objeLlives of the charity aiid wliicli have not becn designatcd for oiliei. purposes. Iksignaied lunds comprisc unrestriLted flind$ ilial have bL'en s¢t a5idc by ihc trusle¢5 for pArlicular purposes. 'fhe aiiii and use of each desigiiated fund is set out iii tlie notes to tlic finailcial stiileiiients. KestrictLd funds are funds wliich are to be used iii acLordaiice witli specific restrictlOi1.8 iinposed by doiiors oi. wliich li<ive bcen raised by thc cliarity fur pai'ticiil£ir purposLs. Tlic cost of raisiiig and adininisteriiigT suclI funds are LliargFcd agyainst the spLLific fund. I"hc aim and use of each reslricted t.und is sct out iii the Iiotes to tlie finaiicial stateineiits. Furtlier explanatioii of thc natui'e and purpose of cacli fund is iiicludcd in tlie notes to tlie financial stilt¢ineiits. (c) Income recognition All iiiLoining resources al'e included iii the Stateinent of FinanLial Activities (SOFA) wlieii tlie charity is legally entitled to tlie incoine after aiiy perfoi'inance coiiditions liave beeii iiict, the ainount cali be measured reliably and it is probable tliat tlie iii¢omc will be received. coiitiiiued...
Pro Notes to the Fi an'ial Statements - End 23 ntinued ACCOUN'fiNG POLICIE,S - continued Basls of preparing the financial statements For donation.q to b¢ recognised the ¢harily will liave been notified ot- the (Imounts and tlic settlemgiit date iii writing. If tliei'e are conditions attached to tlie donation and this requires a level of perforinance before entitlement can be obtained tlieii incoine is deferred until those conditioiis are fully met or tlie fulfilmeiit of those coiiditions is withiii the control of the cliarity and it is probable that thcy will be fiiifillcd.volunt<iry incoine is r¢ceived by way of grants, doncltions and gifts and is iiicluded iii full in ilie Statenient of Financial Activities (SofA) wh¥n reccivable. Incoine rcLeived froin collections is recognised wlien received. Donated facil itics and doiiat¢d professional services are recognised iii iiicoine at tlieir fail. valiie wlien tlieir econoinic benefit is probable, it can be ITJeasured reliably and the chai'ity lias conti'ol over tlie iteiii. f4aii' value is delei'iniiied on tlIL basis of the valiie of the gift to the charity. For example tlie ainount the cliarily WOLild be williiig to pay in th¢ opeii Inarket for siich faLilities and s¢rviccs. A correspoiidiiig ainouiit is rLLognised iii expeiiditiirc, No amouiil is incliided in tlie financial st<ltemcnts for vulunteer tiine in l ine witli tlie SORP (FRS 102). Fui'thcr detai l is given in the Trustees, Aiiiiual Report, ror ILgacie&, entitleiiicnt is tlie earlicr of the charity being notified ot an impcndiii&y distributioi) or tlie legacy being receivcd. Ai iliis poiiil iiicoinc is recognised. Oli occasioii legaLies will bL Iiotified to ihc cliarity howLvei' it is not possible to Incasurc Ilie ainouiit expeLtLd to be distributed. ()ii these ()ciasioiis, Ilie IL'&yacy is trealcd as a coiitingient assct aiid disclosed. I ncom¢ from Irading aclivilics include5 in¢omc earncd froin fundi'aisinE cvcnts and tradinup aclivilics to rclisc funds for ihc Lliarily. Incoiii¢ is fL'Lcived iii excl)aiigc flir supplying goods and serviics iii ordei. to raisL fuiids and is rLcogiiised wheii entitlciiiLnt lias occurred. I'he charity receives govcrninent gi'aiits which arc detailed wilhin the i)otes to these tinaiicial stateiiients. Iiicoine fi'oin gToveriinieiit and othei. grants are recogTiised al fair value wlien the charity lias eiititleinent aftci- any performaiice coiiditions liave beeii met, it is probable Ihat tlie iiicoime wil I be i'eLeived and tlie ainoiiiit cali be nieasui'ed reliably, If eiititlcinent is i)ot met tlieii tliese aiT]ounts are deferred. (D) Lxpenditiurc recognition All expeiiditure is accouiited for on ali accruals basis, inclusive of VA'I. wliich cannot be I'ecovered aiid lias beei) classificd uiider headings thal aggi'egFate al I costs rel<iled to ihe Lalegory. Expciid itLlI'e is rcroigiiisL'd wliere there is a legial or conslriiLlivc obligation to mukc PllylllL'nts io iliird Pdrlies, il is probable that the setlleinent will be rcquired aiid tlie <iinouiit of the obligatioii can be Ineasured i'cliably.11 is categorised uiider tli¢ following headings.. Costs of raisiiig funds includes tlic cost5 a5so¢iAied with allr#Lliiig volunlary iiicoines; Expeiidilure on charitdblc dclivities includcs tliose cosls inLurrcd by Ihc Lharily in ihe delivLry of its activities and services for ils beiieticiaries. It iiicludes both costs tliat Lan bc allocated direLtly to SULII activities and those costs of an iiidii-eLt nature necessary to support tliein. and Otliei. expenditure represeiits those iteins iioi falling into tlie categories above. Ii'recoverable V AT is cliai'ged as an expense against tlie activity for which expendiliii'e arose. 18 continiied.
ure St Notes to the Financial Statements - continued ACCOUNTING POLICIFS- continued Basis of preparing the financial statements Grlli)ts pa>ablc lo iliir(I parlies are wiil)in Ihc cliarilable obje¢lives. Where uncundilional grants yrc offered, this is accrued as sooii as tlie recipieiit is iiotified of tlie grai)t, as this gives rise to a reason¢ible expectatioii that tlie recipieiit will I'eceive tlie gi'aiits, Where grants are coiiditional relating to perfoi'iiiance tlien Ihc graiit is only accrued when any uiifulfilled conditions are outside of the control of the charity. (e) Support costs allocation Support costs al'e those tliat assist Ihe work of the cliarity but do iiot dii'ectly I'epresent cliaritable aclivities and iiiclude office costs, goveriiaiice costs, adniinistrative payroll costs. Tl)ey are iiicurred directly in support ot expc'ndilure on tlie objects of tlie cliarity and inclLide projeLt iiianagc'inent cai'ried out at Headquarter.%. Where siipport Costs caiinot bc (lirectly attribut¢d to partiLular lieadiiigs tliey liave beeii allocatcd io cost ot. i-aisingr fuiids aiid expenditure on charitable activities on a basis Loiisistent with u%c o r the resoiirces. Preini.%¢s overhead8 liave beeii alloc41ted ()ii ali insert detai I basis aiid other overlieads havc been allocated oli a basi.8 consistent with tlie use of rL'soui'ces. Fuiid-raisiiig cobts arc thoso incui'rL'd in SLekiiig voluiitary contribulioiis aiid do i)ot inLliidc the costs uf disseiniiiatiiigy inforination in support of the Lharitable activities. (fj Tangible fixed assels Tangible fixed assets are stated at cost le8s accuiiiulatcd depi'eciation and accLiinulatcd iinpaii'mciit losses. Cost ii)cludL's co%ts dii'cLtly attribiitable lo Inaking tlie asset capable of operating as intLndcd. Dcprccialion is provided on ull lftngible fixed assel%. al rale5 ¢al¢ulaied to write Ilie cos1, l¢qs esliiiialed rL'sidual valuL', of cacl) assel oli a systL'inatic basis ovcr its Lxpected useful l ife as tollows,. Equipineiit 25 % Straight Line (g) Financial Instrurnents A financial a.4set or a financial liability is I'e¢ognised oiily wlicn the cliarity becomes a pai-ty to tlie coiitraLtiial pi'ovision of the iiistrument. Basic finaiicial iiistruincnts are iiiitial ly i'ecognised at the aimounts receivable or payablc iiicludiiig any related transaction costs. Current assets and ciii'rent li<ibilities are subscqueiitly measured at the cash or othci. coiisidei'atioii expeLted to be paid oi. relived and not discounted, D¢bt iiistruinent5 are subscqueiitly measured at amortised cost. Wliere iiivesttnents in sliares are publicly traded or their fair value cali otherwise be Ineasiired reliably, tlie invcstineiit is subsequeiitly measurcd at fair value with clianges in fair value recogiiised in incoille aiid expenditui'e. All otliei. such investmeiits are subsequcntly Ineasui'ed at cost less 19 coiitiiiued.
c.olin Nci hbourhood Sure Start Pro cct Notcs to Ihe Tr'ffinancial Sl#temL'nts - continued ed31 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Ollier financial insti'iimellts, including derivatives, are initially recognised at f<iir valiie, unless payinent t'or an asset is deferred beyond iiorinal bu,siiiess terinb or financed at a rate of iiiterest that is not a markct rate, iii wliich case the asset is measured at the present value of the future payineiits discounted at a market rate of interest for a similar dcbt instrumeiit. Olhcr financial inslrunlents are subseqiienily measured at fair value willi any chaiig¢s r¢cognised in th¥ stalLiiicnl or rinuiil ial activ iliLS, Witli Ilie exLeplioii ol. hedbiing inslrumcnl.4 in P4 dcsigiicd liedgpin relationsliip. Fii)aiicial a.%sets tliat are Ineasiired at cost oi. amoi'tised cost are I'eviewed for objective evidence of impairment at the eiid of eacli reportiiig date. if tliere is objective evidence of iinpairinent ali i iiipairincnt Io%b is recognised under tlie apprupriiite li¢adiiig iii Ilie stat¢iiieiit ot financial activities iii wliicli the initial gain is recogFiiised. For all cquiiy instrun)cnts reg<irdl¢ss of sigiiificancc, ajid oih¢r fiiiancial asscls thal ar¢ iiidividually signi fi¢aTIt. lhe. arL' assessed individually for impairiiienl. Ollicr finaiicial assets are ¢ither llssesscd individually or grouped on tlie basis of siinilar ci'edit risk cliaractei'istics. Any revei'sals of iinpairment are recognised iininediately, to tli¢ exteiit thtit tlie revLrsal does iiot result iii a carrying ainount of tlie fiiianciul a.45et that excecds what the carrying ainount woiild liave beeii had tlie iinpairinent not previously been recognised. (b) Impairment A8SLts iiot Ineasiired £11 fair value al-e I'cviewed for ai)y indiLalion tliat tlie asset may bc iinpaired at eaLI) bdlancc sl)eet date. I r such indic<ltion exists, the rccoverable iimount of the a.4set, oi. 11)c assL't's La511 gciieruling uiiii, is ¢StiinalLd and Loinparcd io ihe carrying dmount. Where Ihe carrying amount excecds its I'ecovcrablc amount, an iinpaii'inenl loss is i'ecognised in pi'otit or loss unless tlic asset is carried at a revalucd ainouiit wliL're tlie iiiipairinent loss is a revaluation deLrease. (i) Provisions Provisions are recogiiised wlien tlie cliili'ity has ali obligdtion at tlie balance sheet date as a result of a past cvent, il is probable that an outflow of econoinic benefits will be requii'ed in settlement aiid the ainouiit can be reliably estimated. (i) Leases Assets acquii'ed under finaiice leascs are capitalised aiid depi-eciated over thc shorter of the lease terin and ilie expectL'd useful lil¢ of the assel. Miniiniiin lease paynient5 are apportionud betweeii the fiiiaiice charge aiid tlie reduction of tlie oiitstandiiig lease liabil ity usiiig the effective iiiter¢st Inetl)od. Tlie I'el<lted obligations, net ot. tuture fiiiancc chargcs, are included in cr¢ditors. Rentals payable and receivable uiider operatiiig leases are charged lo the SOFA on a straight line basis ovcr the pei'iod OF tlie l¢ase. (k) Tax No provisioii is required for taxatioii as the compaiiy is defiiicd as a charity for taxatioii purposes. 20 continued...
olin Nei hbourh od Sure Start Pr Notes to the Financial Statements iontinued for the Year En ed 31 March 2023 ACCOUNTING POLICIFS - continued Basis of preparing the financial statements Tlie chai'ity is a registered charity and so sii¢li is entitled to c¢rtain tax exejnptions on income and profits from investmeiits aiid surpluses on any tradiiig activities carried on in furtherai)ce of the cliarity's priinary objectives. if these profits and surpliises are applied solely for charitable purposes. (l} Going conLL'rn The fiiiaiicial statements have been pi'epai'cd on a going conccrii basis as the trustees believe that no malerial uncertaiiities exist. I"lie trustegs Iiave considered tlie level of fuiids held (ind Ihe expelled level of iiicoiiie ai)d expenditui'e for 12 InontSis fi'om authorising these financial statemeiits. The budg¢t¥d incoinc aiid expenditui'e is sufticieiit with the level of reserves for the cliarity to be able to continue as a going concern. (m) Judgcments eslimatL's Tl)e following judgein¢nls including th()se iiivolving e%tiinates tliat have been Inade iii thc process of applying tlie above accounting policies tliat have had Ilic Inosl Sigrnificaiit eftect on the <iinoiiiits recogTnised in the tiiiaiicial stateiiients aiid that Ii£ive a Signi ficant risk of causiiig a Inatci'ial adjuslinLiit to the cariyiiig ainounts of assets and liabilities withiii ilie next financidl year: (i) dLpreciatioii Irjethod aiid asset uscful lives 'I'he estiinates £iiid assuiiiptions are rcviewcd on an ongoing basis considei'iiig tlie Lui'rciit and future market coiiditioiis. T#xalion 'I'lie chai'ity is a registered charity aiid so such is enlitled to cert<llll tax exemptioiis on ii)coine and prolils fi'om investinciits aiid SLlI'plu%es on (iny tl'<idiiig aLtivitiLS Carried on iii furtheraiiLL' of tliL' Lhiirily's priinary objectiv¢s, if thLse profils aiid surpluses al'e appl Lcd solLly for chdritablc piirposcs, Fund accounting 'rhe Ch¢irity lias various lypcs of funds for wliicli it is responsiblc, and which I'equii'c separate disc losui'e. Tliese are as follows.. (i) Restricted Funds Grai)ts oi. donations i'eceived, wl)icli are earimarked by the doiioi. for specific piirposcs withiii tlie overall aims of the organisatioii (i i) Unresti'icted Funds Funds whicli are expendable at tlie discretion of the Directors in fLlrthei'aiice of thc objects of the harity. Such fuiids Inay be lield iii order to fiiiancc capital investment and woi'kiiig capital Pension costs and other post-retiremenl benefits Tlie charitable conipaiiy operates a defined contributioii peiision scheme. Cunlributions payable to tlie ¢l)aritabl¢ compaiiy's pension schcine are charged to the Sialement of Finaiicidl Activities in tlie period lo wliicli tliey relate. 21 coiitinued.
Colin Nei hbourhood Sure Start Pro ect tLJS to the Financial State s - continued for thc Year Ended 31 March 2023 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 ALLess NI Belfast City Council CNP Meiis Shed 858 959 101 500 1,358 1,060 INCOMF. FROM CHARITABI,F ACTIVITIES 31.3.23 31.3.22 Activity SEH&SCT Publi¥ Health Ageiicy Graiil Grants 889,247 3,385 856,817 3,385 892.632 860,202 (irants rcceived, iiicluded iii the above, are as follows: 31.3.23 31.3.22 8outh Ea.sterii Healtli & Social Cai'e 'l'rust Publ IL Healtli Agciicy 889,247 3,385 856,817 3,385 892,632 8C)0,202 CHAIIITABLE ACTIVITIES COST&¥ Support co8ts (sec note S) Direct Tot¢ils SE14&SCT Soutli Fasterii Trust Public I Icaltli Agrency CJov¢riiaiice 727,508 156,179 3,385 (40) 727,468 156,179 3,385 7,934 7,934 887,072 7,894 894,966 22 coiItillLied.
Colin Nei hbourhood Sure Start Pro ect Notcs to Éhc Financial Statement.5 - Lontinucd for the Year Ended 31 March 2023 SUPPORT COSTS Governaiice costs SEH&SCT (40) 7,934 Governance 7,894 NF,T ENCOME/(EXPLNDITURF.) Net incoine/(expeiiditure) is stated lifter charging/(Lred iliiig): 31.3.23 31.3.22 Accouiitancy F¢e Audit Fee 2,396 1,300 2,650 1,300 TRUSI'EES, IIF.MUNI4.RATION AND BTr.NEFITS 'T'lier¢ were iio trustL'es' rcinui)eralion or otlier benetils for thL' year oiided 31 March 2023 1101. foi. the year ended 31 Marcli 2022. Tru.stees' expense 'Iiere wei'c no triistees, expenses paid foi. tlie year ended 31 Marcli 2023 nor for tliL' year elided 31 March 2022. STAFF COSI'S 31.3.23 31.3.22 Wages aiid salarie. Soc ial sccurity cosls Oiher pciisioi) Losts 537,710 29,410 28,932 548,070 27,200 596,052 575,270 Tl)e average Inoiillily nuinbei. of einployees duriiig tlie year was as follows: 31.3.23 33 31.3.22 36 Maiiagemeiit & Adiniiiistratioii No employees received emoliiiT)ents in excess of £60,000. T]ie key nianageiiieiit persoiiiicl of tlie cliarity coinprisc of the Cliief Executive aiid Senior IT18nagemeiit team. The salaries paid to key Inanagemeiit personnel being the Cliief Executive Officer, Progralnine Maiiagei., Finance Maiiagei. and Progi'aimine Co-ordinatoi. duriiig tlie year totalled £139,456. {2021. £146,309) 23 contiiiued...
Colill Nei hbourhood Sure Start Pro ect Notes to the Financial Statements - contlnUL.d f r the Year F.niled 31 March 2023 COMPARATIVES FOR THE STATEMEN'I, OF FINANCIAL ACTIVITIES Unrestricted Resti'icted fuiid fuiids Total funds INCOME AND ENDOWMENTS FROM Charitable activitie SEH&SCT Public Health Agcncy 856,817 3,385 856,817 3,385 Other trading activities 1.060 1,060 Total 1.060 860,202 861,262 EXPF.NDITIJRE ON Charitahle aclivities SEE4&SCT Sollth EastLrn I'rust Public Healili Agyenoy CyovernanLe 697,400 146,597 3,385 5,525 697,400 146,597 3,385 6,963 1,438 Total 1,438 852 ()07 854,34S IN T INCOMF.I(EXPF.NDITURE) (378) 7,295 6,917 RLCONCILJATION OF FUNDS '1 otal fuiids broiight forward 1,312 5,704 7,016 I'OTAL FUNDS CARRIED FORWARD 934 12,999 13,933 10. TAIYGIBLE FIXTr D ASSETS Equ ipinoiit COST Al l April 2022 aiid 31 Marcli 2023 25,165 DLI PRECIA'I'ION At l April 2022 aiid 31 Marcli 2023 25,165 IYLT BOOK VALUE Al 31 Marcli 2023 At 31 March 2022 24 coiitinued.
Colin Nei hbourhood Sure Start Pro ect Notes to the Tr inancial Statements - contiiiued for the Year Ended 31 M#rLh 2023 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Prepayments 10,930 12,999 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YF.AR 31.3.23 31.3.22 Accriials and deferred iiicoine 3,696 5,254 13. ANALYSIS OTr NF.T ASSLTS BETWCEN TrUNDS 31.3.23 Total fuiids 31.3.22 Total fiiiids Unrestricted Reqtricted fund fuiids Ciirrent assets Current liabil ities 2,292 14,361 (3,696) 16,653 (3,696) 19,187 (5,254) 2,292 10,665 12,957 13,933 14. MOVF.MENT IN FIJNDS Net Inovement in fuiids At 3113123 At 114122 lJnre5triLted fund CJcnL'ral fLind 934 1,358 2,292 Restricted funds Easlern Chi Idcare Pglrtiiersliip 12,999 (2,334) 10,6C)5 TOTAL FUNDS 13,933 (976) 12,957 25 coiitinued...
Colill Nei hbourhood Sure Start Pro ect Notes to the b inancial Statements - continued for the Year Ended 31 March 2023 14. MOVF.MENT IN FUNDS - continued Net movement in fLinds, included iii tlie above are as follows: Iiicoining resources Resources expended Moveinent in funds Unrestricted funils Genei'al flind 1,358 l.J58 Restricted funds Fastei'n Chi Idcare Partnersliip Public Healtli Agency 889,247 3,385 (891,581) (3,385) (2.334) 892,632 (894,966) (2,334) TOTAL FUNDS 893,990 (894,966) (976) Comparative8 for movement in funds Net Inovemcnt ill tiinds At 3113122 At 114121 lJnrcytricled funds Gcnei'al tund 1,312 (378) 934 Restricted funds EastLrn Lli ildcarc Partnersliip 5,704 7,295 12,999 TOTAL FUNDS 7,016 6,917 13,933 Comparativc iiet Inovement in fuiids, included iii tlie above are as follows,, Incoining rcsoiirces Elesources expended Moveiiieiit iii fiiiids Unrestricted funds Gencral tuiid 1,060 (1,438) (378) Restricted funds F.astei'n Childcai'e P¢ll'tnership Public Healtli Agency 856,817 3,385 (849,522) (3,385) 7,295 860.202 (852,907) 7,295 TOTAL FUNDS 861,262 (854,345) 6,917 26 contiiiued...
Notes to the Financial Slatements - continued for the Year Ended 31 March 2023 15. CONTINGENT LIABIJ,ITTES A contiiigent liability exists to repay gi'ants received sliould certdin conditions not be fulfilled by tlie ch(Irity. 16. RELATF.D PARTY DISCLOSURES Tlie Souili Eastei'ii Healtli & Social Care TrLlSt paid tlie Colin Neighbourhood Sure Start Project £21,989 iii the year ciided 31 Mai'ch 2023 (2022,. £22,022) with regard to salaries and wagcs for staff seconded to the CNSSP. Payments were also made oli behalf of CN88P by tli¢ South F.ast¢rn Flcaltli & Social Care Triist to tlie CNSSP Partiiei's. 'fotal pai'tiier spcnd in tlie year cnded 31 Marcli 2023 was £134,191 (2022: £124,564). A bervice level agreeinent has beeii agreed between CNSSP and each specific partner befor¢ proc¢ssing of these payinents. 17. 1)OST BALANCE SHEET EVEN'rs There are no evcnts undertakeii by the ¢li(Irity after 31 MarLh 2023 to be discloscd iii this acLounliiig period. 18. WIIYDING UP Every meinbci. of tlie Coinpaiiy uiidcrtakes to coiitribiite to tlie assets of tliL Coiiipaiiy, iii ihL' eveiit of tlie satne beiiig wouiid up while it is a Ineinber, or withiii one yeai. aftcr it Leascs lo bL' a Incmber, for payinLiit of tlie debts Lind liubil itie.8 OF the Coinpillly Colltracted bLforc it cL'ases to be a mei)Iber, and of tlie Losls, Lhargcs diid expciises ()f winding up, aiid for tlie adjustmciit ot tlie riglits ()f the Lolltribuloi s ainong themselves. such aini)unt as Inay be requii'Ld iiol exceeding oiiL pound. 19. SFIARF. CAPITAL Tlie Company is Liinited by Guaraiitee and has iio Sliare Capital 20. COVID-19 The trustees coiitiiiue to Inoiiitoi. the isnpact of Covid 19. Tlie triistees believe tlierc is no adjiisting eveiils to report after the repi)rting date,The trustces wi51 continiie to Inonitor the situatuioii closely to seLure tlie viabilily of the orgiinisatioii. 27
ure Sta Detailed Statement of Financial Activitie 31.3.23 31.3.22 INCOME AND ENDOWMENTS Othir trading activities Access Nl B¢1 fast City Couijcil CNP Mens Slied 858 959 500 1,358 1,060 Charitable Activities Gi'ants 892,632 860,202 Total incorning resources 893,990 861,262 EXFLNDITURF. Charitable L'tiVitIeS Salai'ies Social %Lcurity Peiisioiis Iiisiiiance Light and heat 'rL'lephone Suiidries Statf 'fravcl I"i'ainiiig and DLvelopment PrograiT]Ine Cosls Outi'eaLII Programiii¢ Costs - Toys Graiils to Othei. Pai'tiierslGroup Repdirs aiid MaintLnaiice Rciil & Ilooin HirL Piiblicatioiis and Resources Priiiting, Statioiiery & Postag¢ Direct l)evelopiiieiit ProjeLt Costs Uniforrns Hospitality Staff Recruitireiit and Adverls IT Support Cleiiiiingy and Materials 537,710 29,410 28,932 3,234 6,547 7,086 422 2,355 5,674 21,896 49,761 134,190 7,7119 27,554 1,367 6,941 3,385 2,245 815 548,070 27,200 2,639 5,226 11,014 798 )28 1,069 19,384 2,876 124,564 1,438 36,327 1,658 8,530 47,493 3,088 1,023 1.373 2,684 4,391 5,368 887,072 847,382 Support eostsi 1'11is page does iiot foriii pai't of the st<itutory fiiiaiicial stateinents 28
Colin Nei hbourhovd .¥•ure Slarl Pro eet DetailL'd Sl2tement of Tr inancial Activiti¢s for the Year F.ndLd 31 Mar h 2023 31.3.23 31.3.22 Support cost8 Governance costs Accouiilaiicy Fee Audit Fee Bank charges and iiiterest Affiliation Fees Slaff RccruitlT]ent and Advcrts Legal fees 2,396 1,300 328 1,480 1,700 690 2.650 1,300 158 815 2,040 7,894 6,963 "I'otal resoui'ces expended 894,966 854,345 Net (expenditure)lincome (976) 6,917 This page does not foi'm part of the statutory fiiiancial statcinents 29