COMPANY REGISTRATION NUMBER: N1057099 CHARITY REGISTRATION NUMBER: 103776 L.A.S.T Sure Start Company Limited by Guarantee Financial Statements 31 March 2025 SP MCCAFFREY & CO Chartered accountants & statutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG
L.A.S.T Sure Start Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) 11 Statement of financial position 12 Statement of cash flows 13 Notes to the financial statements 14 The following pages do not form part of the financial statements Detailed statement of financial activities 23 Notes to the detailed statement of financial activities 24
L.A.S.T Sure Start Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name L.A.S.T Sure Start Charity registration number 103776 Company registratlon number N1057099 Principal office and registarad Units 1&2 office Strathroy Enterprise centre Meelmore Drive Omagh Co Tyrone BT79 7XL The trustees Mr M Mccolgan Ms S McDermott Ms P Colgan Ms P Cleary Mrs N Carson Auditor SP Mccaffrey & Co Chartered accountants & statutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG Structure, governance and management Governing document L.A.S.T Sure Start is a company limited by guarantee (Registration Number N1057099). The company is governed by its Memorandum of Articles of Association. The company is recognised as a charity and is regislered with the Charities Commission for Northern Ireland. (Charity No 103776)
L.A.S.T Sure Start Company Llmited by Guarantee Trustee5' Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Structure, governance and management (contlnugd) Governance L.A.S.T Sure Start has a responsibility to conduct its busines5 efficiently. The establishment of, and the strict adherence to sound financial managemenl policies is an integral part of the organisation. The Board of directors and Management Committee of are committed to establishing, maintaining and applying all necessary good practice to ensure that their duty of care to the management of finances of the organisation are fulfilled. The Board of directors are responsible for taking the strategic decisions of how the Charity will move forward and who also are responsible for appointments to the board. It is essential that L.A.S.T Sure Start control all operational risks as far as is possible. This includes the participation of all those involv8d directly or indirectly with the banking arrangements for the organisation. Along wilh the financial systems of the organisation, this policy aims to detail responsibilities, risk management, internal controls, and audit requirements associated with the use of online banking. ObjectSves and activities The objectives of Last Sure Start are: A) Educate the public in all matters relating to parenting and child development by the provision of education and training courses. B) enhance the development and education of young children by encouraging parentslguardians to understand and provide for the needs of their children by offering appropriate play facilities, with the right of parentlcarers to take responsibility for and to become involved in the activities af the Company, ensuring that the company offers opportunities for all children regardless of religion, cullure. race ability or gender. C) preserve and protect health by the provision of counselling, advice and information. D) provide facilities in the interests of social welfare for recreation and other leisure time occupations with the object of improving the conditions of life for the inhabitants of Killyclogher, Lisanelly, Camowen, Drumragh, Strule, Fintona, Temon & Gortrush wards the area of benefit. Strategi¢ report The following sections for achievements and performance and financial review form the strategic report of the charity.
L.A.S.T Sure Start Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢onlinued) Year ended 31 March 2025 Achievements and performance With the accounting period of 202412025 the project ran a number of parenting programmes, Health programmes, Outings and social events for all the families registered with Sure Start. Here are examples of the programme run: Infant Massage - Baby Yoga Cookitx4 Slow cooker x 3 Potty Training Or81 Health Hypno Birthing Managing Children's Behaviour x 4 - Baby Peeps x3 First Aid x4 Circuit Training x3 Pre Foolball skills x5 - Swim Tots x3 Walking Club x3 Baby Reflexology x15 Book Start Event x 4 Christmas, Halloween & Easter outings - Wriggle & Rhyme Event - PEEPS x3 Antenatal / breastfeeding events x2 2 yr old programme x4 - Toddler programme x7 Respite creche Creche for Programmes Home visits Support for children with additional needs Baby book event Play and discover additional needs The total number of families registered with Lasl Sure Start is 922 and within this accounting period the project had 780/a Uptake in all programmes & evenls run. This achievement has allowed Last Sure Start to be one of the top 20 projects in the North for uptake of services. Last Sure Start helped the local community by offering a service that promotes social engagement, emotional and physical well-being by running programmes which will give parents skills to help develop their children's social, education, play and emotional needs. The project also runs programmes that help integrate other cultures within our local community, these are included in our 2-year-old programmes. PEEPS & Toddler & Waddler groups. The Project also offers respite crèche to families in most need allowing parents some time out for appointments etc. Within the project there is an element of home visiting which again offers additional support to the families in our local community Financial review Review of the Buslness The Company is non-profit making and had a deficit of £2,734 for the year. The management continues to be engaged in ongoing efficiency savings and is aware of the sustainable use of resources.
L.A.S.T Sure Start Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu9d) Year ended 31 March 2025 Financial review (¢ontlnugd) Reserves Policy The trustees of L.A.S.T Sure Start consider that the charity is not permitted to hold reserves, obligations will therefore be met by statutory authorities. The trustees do however note the deficits reported in the most recent years and consider it prudent to retain some lev81 of reseNes. Trustees. responsibilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SQRP., make judgments and accounting estimales that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The tfustees are responsible for keeping adequate accounting records that ar& sufficienl to show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee at the date of approval of this report confirms that: so far as they ar8 aware, there is no relevant audit infomation of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
L.A.S.T Sure Start Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) (continued) Year ended 31 March 2025 The trustees, annual report and the strategic report were approved on 23 September 2025 and signed on behalf of the board of trustees by.. Mrm Trustee ccolgan
L.A.S.T Sure Start Company Limited by Guarantee Independent Auditor's Report to the Members of L.A.S.T Sure Start Year ended 31 March 2025 Opinion We have audited the financial statements of L.A.S.T Sure Start (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial sta18ments- give a true and fair view of the slate of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources. including its income and expenditure. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Acl 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further describ&d in the auditor's responsibilities for the audil of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going Goncern In auditing the financial slatements. we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issu8. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
L.A.S.T Sure Start Company Limited by Guarantee Independent Auditor's Report to the Members of L.A.S.T Sure Start {contlnued) Year ended 31 March 2025 Other information The other information Gomprises the information included in the annual report, other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover (he other information and, except to the extent otherwise explicilly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so. consider whether the other infomation is materially inconsistent with the financial slatements or our knowledge obtained in the audit or otherwise appears to be materially misslated. If we identify such material inconsistencies or apparent material misstalements, we are required to determine whether there is a malerial misstatement in the financial stalements or a material misslatement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audil: the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements., and the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are required to reporl by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Irustees, report. We have nothing to report in respect of the following matters in relation to whiGh the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the financial stalements are not in agreement with the accounting records and returns- or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit.
L.A.S.T Sure Start Company Limited by Guarantee Independent Auditor's Report to the Members of L.A.S.T Sure Start {contlnued) Year ended 31 March 2025 Responslbllltles of trust•os As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing. as applicable, matters relat8d to going concern and using the going concern basis of accounting unless the Irustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor's responslblllties for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether th8 financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We identify and assess the risks of material misslatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect irregularilies, including fraud and non compliance with laws and regulations, we considered the following.. -the ability of management to override controls -the nature of the industry and sector, together with the performance of the enlity-the use of estimates and judgements in the preparation of financial statements As a result of the above we have considered the opportunities that may exist within the entily for fraud and identified the greatest potential for fraud to be management override of controls. In common with all audits under ISAS (UK) we are required to perform specific procedures to respond to the risk of management override. In response to the above potenli81 risks we have responded by.. -we review minut8s of meetings for reference to any breaches in laws and regulations and past instances of fraud -we discuss risk of fraud at the audit team meeting, including fraud relating to revenue recognition, related parties, and management override and financial statement disclosures -we discuss with management as to how they access. identify and respond to fraud risk within the company.
L.A.S.T Sure Start Company Limited by Guarantee Independent Auditor's Report to the Members of L.A.S.T Sure Start (contlnued) Year ended 31 March 2025 As part of an audit in accordance with ISAS (UK), we exercise profession81 judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial stat8ments, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the override of intemal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the eff8Ctiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and rel8ted disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists relaled to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
L.A.S.T Sure Start Company Limited by Guarantee Independent Auditor's Report to the Members of L.A.S.T Sure Start (continued) Year ended 31 March 2025 We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinio we have formed. n (Senior Statutory Auditor) For and on behalf of SP Mccaffrey & Co Chartered accountants & statutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG 23 September 2025 10
L.A.S.T Sure Start Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Total income 901,211 901,211 901,211 901,211 824,263 824,263 Expendlture Expenditure on charitable activities Total expenditure 903,945 903,946 903,946 822,167 903,945 822,167 Net {expenditure)lincome and net movement in funds (2.734) (2,735) 2.096 Reconci1Satlon of funds Total funds brought forward Total funds earried forward 27,820 27,820 25.724 25,086 25,086 27,820 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 14 to 21 forni part of thèsè financial statements. 11
L.A.S.T Sure Start Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 12 284,928 295,597 Current assets Cash at bank and in hand 16,090 60.220 Creditors: amounts falling due within one year Net current assets 13 2.160 43,555 13,930 16,665 Total assets less current liabllitles 298,858 312,262 CredStors: amounts falling due after more than one year Net assets 14 273,773 284,442 25,085 27,820 Funds of the charity Restricted funds 25,086 27,820 Total charity funds 17 25,086 27,820 These financial statem8nts were approved by the board of trustees and authorised for issue on 23 September 2025, and are signed on behalf of the board by: Mr Mccolgan Trustee Ms S McDermott Trustee The notes on pages 14 to 21 form part of these financial statements. 12
L.A.S.T Sure Start Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net {expenditure)lincome (2,735) 2.096 Adjustments for.. Deprecialion of tangible fixed assets 10,669 11.129 Changes in.. Trade and other creditors (52,064) (44,130) (44,130) {3,369) 9,856 Cash generated from operations Net cash (used in}/from operating activities 9.856 Net (decrea5e)lincrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equlvalents at end of year (44,130) 60,220 9.856 50,364 16,090 60.220 The notes on pages 14 to 21 fomi part of these financial statements. 13
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General tnformation The charity is a public benefit entity and a private company limited by guarantee, registered in Northem Ireland and a registered charity in Northern Ireland. The address of the registered office is Units 1 &2, Strathroy Enterprise centre, Meelmore Drive, Omagh, Co Tyrone, BT79 7XL. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102> (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting pollcles Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statemgnts are prepared in sterling, which is the functional currency of the entity. Golng concern There ar8 no material uncertainties about the charity's ability to continue. Judgements and kéy sources of estimation uncertalnty Estimates and judgements are continually evaluatèd and are based on historical experience and other factors, including expectations of future events that are believed to b@ reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricled funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of I0 sub-classes,. restricted income funds or endowment funds. 14
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies (continued) Incoming resourcès All incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of servicas is recognis8d with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising fLAnds includes the costs of all fundraising activities, events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other exp8nditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities, All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 15
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Financial Statements f¢ontlnued) Year ended 31 March 2025 Accounting policies (Continued) Tanglble assets Tangible assets are initially recorded at cosl and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for irllpairment that has previously been recognised as expenditure within the slatement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Freehold property Fixtures and filtings Motor vehicles Equipment 2 % straight line 20 % reducing balance 20010 reducing balance 20 % reducing balance Impalrnient of fixed assets A review for indicators of impaimient is carried out at each reporting date, with the recoverable amount being estimated wh@re such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets thal includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the corllbination, irrespective of whether other assets or liabilities of the charily are assigned to those units. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. 16
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (contlnued) Government grants {¢ontinued) Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are reiVed or receivable. Where the grant does impose speGified future perfOrMan-re1ated conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current ass6ts and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value Can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairmenl. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a markel rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extenl that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 17
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Financial Statements (¢ontinued) Year ended 31 March 2025 Limited by guarantee The company is lirnited by guarantee. the members being required to pay not more than £1 in the event of a winding up. Donations and legacies Restricted Total Funds Funds 2025 Restricted Total Funds Funds 2024 Grants Grant Funding 901,211 901,211 824,263 824,263 Expenditure on charitable activities by fund type Restricted Total Funds Funds 2025 Restricted Total Funds Funds 2024 Sure Start Programme Support costs 902,925 1,020 903,945 902,925 1,021 903,946 821,210 957 821,210 957 822,167 822,167 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Sure Start Programme Governance costs 902.925 902,925 1,021 821,210 957 1.021 902,925 1.021 903,946 822.167 Net (expenditure)lincome Net (expenditurellincome is stated after chargingl{crediling)- 2025 2024 Depreciation of tangible fixed assets 10,669 11.129 Auditors remuneration 2025 2024 Fees payable for the audit of the financial statements 1,020 960 18
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 March 2025 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries 659,418 539,508 The average head count of employees during the year was 37 (2024: 41). The average number of full-time equivalent employees during the year is analysed as follows- 2025 No. 2024 No. Number of staff 37 41 No employee received employee benefits of more than £60,000 during the year (2024: Nil). 11. Trustee remuneration and expenses No trustee received any remuneration or other benefits from L.A.S.T Sure Start or any other related entity. 12. Tangible fixed assets Freehold Fixtures and property fittings Motor vehicles Equipment Total Cost At 1 April 2024 and 31 March 2025 441,472 15,082 72,233 52,363 581,150 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 155,071 8,830 15,082 63,586 1,729 51,814 110 285,553 10,669 163.901 15.082 65,315 51,924 296,222 Carrying amount At 31 March 2025 277.571 6,918 439 284.928 At 31 March 2024 286,401 8,647 549 295,597 13. Creditors: amounts falling due within one year 2025 2024 Trade creditors Accruals and deferred income 41,395 2.160 2,160 2,160 43,555 19
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Financial Statements f¢ontlnuedJ Year ended 31 March 2025 14. Creditors: amounts falllng due after rnore than one year 2025 2024 Accruals and deferred income 273,773 284.442 15, Deferred income 2025 2024 At 1 April 2024 Amount released to income 284.442 {10,669) 273,773 295,571 (11,129) 284,442 Al 31 March 2025 16. Government grants The amounts recognised in the financial statements for government grants are as follows- 2025 2024 Recognised in creditors., Deferred government grants due after more than one year 273,773 284,442 17. Analysis of charitable funds Restricted funds At 1 April 2024 At Income Expenditure 31 March 2025 Restricted Funds 27,820 901,211 (903,945) 25,086 At 1 April 2023 At Income Expenditure 31 March 2024 Restricted Funds 25,724 824,263 1822,167) 27,820 20
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 18. Analysis of net assets between funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 284.928 284,928 16.090 16.090 (2,160) {2,160) {273.773) (273,773) 25,085 25,085 Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 295.597 295,597 60,220 60,220 (43,555> (43,555) (284.442) (284,442) 27,820 27,820 19. Analysis of changes in net debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 60,220 (44.1301 16,090 21
L.A.S.T Sure Start Company Limited by Guarantee Management Information Year ended 31 March 2025 The following pages do not form part of the financlal statements. 22
L.A.S.T Sure Start Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donations and legacies Grant Funding 901,211 824,263 Total Income 901,211 824,263 Total expenditure 903,946 822,167 Net {expenditure)lincome (2,735) 2,096 23
L.A.S.T Sure Start Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Expenditure on charitable activities Sure Start Programme Activities undertaken directly Direct charitable activily 1 wageslsalaries Direct charitable activily 1 renl Direct charitable activity 1 light & heat Direct charitable activity 1 insurance Direct charitable activity 1 molor vehicle expenses Direct charitable activity 1 other motorltravel costs Direct charitable activity 1 telephone Direct charitable activity 1 Printing, Stationery & postage Direct charitable activity 1 depreciation Direct charitable activity 1 cleaning of premises Direct charitable activity 1 health visitor Speech & language Progrdmme costs Repairs & renewals Sundry expenses Training Sure Start creches x4 Membership fees 2 Year Old programme Legal & professional fees Accountancy fees Bank charges Amortisation of Grants Repayment of underspend from previous year 659,418 25,225 6,931 13,372 9,741 7,539 10,605 10,350 10,669 14,424 5.311 539,508 9,439 590 10,986 10,638 12,087 6,615 7,813 11,129 7,251 12,599 54,929 19,102 21,797 1,169 4,798 73,014 2.060 21,089 3,840 1.200 686 (11.129) 32,353 34,916 1,043 17,203 20,706 5,670 6,152 16,320 784 962 (10,669) 3,900 902,925 821,210 Governance costs Governance costs - audit fees 1,021 957 Expenditure on charltable activltles 903,946 822,167 Flucluations and variances in expenditure in compar£son tv previous year ore mainly altributable to the change in policy ofanalysing expenses in line witkfunder rcquirements. 24