CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 ( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1045311 CHARITY REGISTRATION NUMBER NIC 105001 O'HARA SHEARER CHARTERED ACCOUNTANfs AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST ￿[￿RcH 2023 CONTENTS Page Members and Professional Advisors Trustees Annual Report (including the Statement of Directors Responsibilities in respect of financial statements) Report of the Independent Auditors to the Members, 8-10 Accounting Policies 11-13 Statement of Financial Activities (incorporating the income and expenditure accou 14 Balance Sheet 15 Statement of Cash Flows 16 Notes to the Financial Statements 17-25 CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 OFFICERS AND OTHER INFORMATION Directors Danny Power (Chaio)erson) Elizabeth Mcshane Barry Fegan Man2gement Committee Danny Power Barry Fegan Sara Hunter Paul ONeill Elizabeth Mcshane Rioghnach Doherty Secretsry EIi72beth Mcshane Programme Co-ordin2tor Claire Neill Registered Office Maureen Sheehan Centre 106 Albert Street Belfast BT12 4HL Auditors Owara Shearer Chartered Accountallts & Statutory Auditors 547 Falls Road Belf&s¢ BTI19AB Solhcitors Breen Rankin Lenzi Alameda Terrace 266 Falls Road Belfast BT12 6AL Bankers 35 University Road BelfasL BT7 IND Company Registration Number N1045311 Charity Registration Number XR 65640 CharRty Commission for Northern Ireland Registratioll Number NIC 105001 Page I CLAN MOR SURESTART REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 TRUSTEES ANNUAL REPORT The Trustees, who are also directors for the purposes of Company law, have pleasure in presenting their annual report together with the financial statements of the charity for the year ended 31st March 2023 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act 2006 purposes. The Trustees confim that the financial statements comply with the requirements of the Charities Act {Northem Ireland) 2008 and Accounting and Reporting by Charities.. Statement of Recommended Practice which applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 2015}- Reference and Administrative Details Reference and administrative details are shown in the schedule of members and professional advisors on page 1 of the financial statements. Directors and Trustees The directors if the charitable company are its trustees for the purpose of charity law. The Directors and trustees who served the charity during the period were as follows: Danny Power Elizabeth Mcshane Barry Fegan Structure, Governance and Management Governing Document The charity is controlled by its goveming documen( a Memorandum and Articles of Association, and onstitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Each member has agreed to contribute £1 in the event of a compulsory winding up. It is registered as a charity with The Charity Commission for Northem Ireland. Appointment of Trustees The Board of Trustees is responsible for the overall governance of the chartty- Trustees are elected at the Annual General Meeting by the members present and the total number of Trustees shall not be less than 3. Trustees shall hold office until the next Annual General Meeting following hislher appointment. A retiring Trustee shall be eligible for re-election. The Trustees shall have the power at any time and from time to time to appoint anybody to be a Trustee, either to fill a casual vacancy or as an addition to the exists'ng Trustees. Ant Trustee so appointed shall hold office until the next following Annual General Meeting and shall then be eligible for election. CLAN MOR SURESTART REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 TRUSTEES ANNUAL REPORT Trustee Induction and Training New Trustees undergo an induction to brief them on their legal obligations under charity and company law. the Charities Commission guidance on public benefit, content of the Memorandum and Articles of Association, the board of trustees and decision-making processes, policies and procedures, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Organisation The Board of Trustees meet monthly, and delegates certain responsibiltties to the Project Co- Ordinator. The Project Co-ordinator is responsible for the day to day management of the affairs of the charity and for implementing the policies and operational plans as agreed by the Board of Trustees. Between meetings of the Board of Trustees, the Project Co-ordinator reports to the Chairperson. The Project Co-ordinator is assisted by a full time Administrator. Related parties None of the Trustees receive remuneration or other benefrt from their work with the Charity. Any connection be￿een a trustee or senior manager of the charity to related parties must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a third party. There were no such disclosures in the current year. Risk Management The Trustees have a risk management strategy which comprises: An annual review of the risks a charity may face. The establishment of systems and procedures to mFtigate those risk identified The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. This work has identified that financial sustainability is a major financial risk for the charity. A key element in the management of financial risk via the reserves policy. Attention has also been focused on non-financial risk arising from fire, health and safety of employees, volunteers and scheme users. In providing access and opportunities to people and children, the Charity recognises that there are potential risks to children and vulnerable adults. A key element in the management of non-financial risk is the establishment and implementation of a robust chart of policies and procedures including Access Nl Disclosure Check, Child Protection Polrcy and the renewal and training of stsff in this area. The Trustees are satisfied that the necessary policies and procedures are in place to safeguard participants, and ensure that the benefits provided OU￿e1gh any potential hann. CLANMOR SURESTART REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T MARCH 2023 TRUSTEES. ANNUAL REPORT Objectives and Activities We provide a range of activities and services for parents and their children in the area. Home visiting and family support seNices individual to each family. Programmes for parents in supporting parenting and development of their children. Play and development programmes for children under 4 years. Stay and play facilities for parents and children. Health information and advice for families with specialist programmes exploring behaviour management and speech and language. A range of seasonal events, fun acts'vities and trips. Developmental Programme for h¥0 year olds. Charitable Purposes To promote the benefit of the parents and children of Falls and Clonard Wards of Belfast City without distinction of race or political, religious or other opinions by associating together with the said parentsl children and local authorities, voluntary and other organisations in a common effort to advance education, improve health and well-being and to provide facilities in the interests of social and emotional welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said parentsl children. To relieve the suffering and distress of parentsl children who by reason of health, social or economic circumstances, have need of such faciltties To help parentslchildren in the area to reach their fijll potential thereby offering something back to their community. Public Benefit Statement The direct benefits which flow from our purposes include.. Improved health and well-being and improve the abilty to leam for parents of children under 4 and their children in the area and reduced levels of stress and anxiety as well as improving the quality of life and the improved relationships for the parents and their children. The benefit will be demonstrated by improved educational outcomes for children in the area through monitoring the attendance at school, the attainment at GCSE level, which can be accessed through the Children and Young Peoples Strategic Partnership (CYPSPI The health outcomes will be demonstrated by improved levels of fitness in young children, reduced rates of obesity and dental cases. There is an annual report which parents infomi and are active in contributing to with evaluations carried out on all programmes delivered. It is likely there will be no hann flowing from our purposes. Parents and children in the area enabled to access infonnation and services which support and promote good quality play and leaming in a timely and relevant manner in locations relevant to them in the local community which will reduce the levels of stress. The benefits are demonstrated through regular evaluations and feedback on all programmes the parents participate in and through regular inspections and reports by DHSSPS for the which childcare element. The Children and Young Peoples Strategic Partnership ICYPSPI website has trended data which demonstrates the effectiveness and improved outcomes for the children and their parents in the area. The benefits which flow from the above include educational improvement for parents to access further education or employment and for children to have improved educational outcomes and to be prepared for school life and Itfe in general. Evaluations completed on all elements of the programme and annual reports produced showing participation and engagement on the programmes. CLANMOR SURESTART REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 TRUSTEES ANNUAL REPORT Achievement and Perforniance As detailed in Clan Mor Sure Start Business Plan during 202212023 we have 679 children and 591 families registered for our services. These services include home visiting to families which have a one to one supportive and information service for families we work with. These visits can incorporate: Health information Parenting Speech and Language Infant massage Breast feeding support Home management As of April 2022 we have made significant steps back towards nonnality post Covid 19 with children's face to face programmes running as normal and group work resuming. A summary of the various aspects of Clan Mors selvices is below" Home visiting support to families has resumed fully, with appropriate checks prior to visits. In excess of five hundred visits completed annually. "All groups have resumed such as ante natal and parenting programmes, lunch club and baby therapies. Summer scheme resumed with various trips taking place across the province. All children's programmes running with the addition of a new Additional Needs Programme and a Newcomer Families programme which meets twice a week. Over 150 children attend programmes on a weekly basis. 'Special events held at Easter, Halloween and Christrnas in partnership with other local Falls service providers. Participated in various acttvities as part of the West Belfast Feile. Financial Review The charity achieved a net deficit of £323 from a total income of £619,279 (For 2021122: Net income surplus was £257 from a total income of £599,729). The principal funding sources were grants from the Nl Health and Social Care Board, along with income from donations and fundraising. The support of our funders continues to be essential to maintaining our programme of activities. Reserves Policy Unrestricted fiJnds are needed to provide funds which can be applied to specific projects to enable these projects to be undertaken at short notice and to cover the running costs of the Charity for a limited period, should there be a significant shortFall in projected income. The Trustees consider it prudent that unrestricted reserves should be sufficient to cover three months of gross average annual unrestricted expenditure. The amount of unrestricted funds held at 315t March 2023 was £53,112. {For 2022.. £53,112). Auditors A resolution to re-appoint the auditors, O'Hara Shearer, Chartered Accountants and Statutory Auditors will be proposed at the Annual General Meetsng. Small cornpany exemption This report has been preparation in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Responsibilities of the Trustees The charity trustees {who are also the directors of Clan Mor Surestart for the purposes of company law} are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. The Trustees present their report and the financial statements of the charity for the year ended 31st March 2020. The Trustees confirm that they comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities". Statement of Recommended Practice which applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102) (effective 1st January 20161. CLAN MOR SURESTART REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 TRUSTEES ANNUAL REPORT Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing those financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP (FRS 102)" Comply with the Charities {Accounts and Reports) Regulations (Northern Ireland} 2015., Comply with the Charities Act (Northern Ireland) 2008- Make judgements and estimates that are reasonable and prudent- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofthe company and hence for tsking reasonable steps for the prevents'on and detects'on of fraud and other irregularities. By order of the Trustees DANNY POWER (CHAIRPERSON) Date: 20th October 2023 CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDrroR TO THE MEMBERS, Opinion We have audited the financia] statements of Clan Mor Surestart (the 'charity'} for the year ended J l March 202J which comprise the Statement of Financial Activities, the Balance SheeL the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The fLnancial reporting framework that been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Thefinancial Reporfing Standard applicable in the UK and Republic ofIreland (United Kingdom Generally Accepted Accounting Practice). In our Opinio￿ the financial statements: give a true and fair view of the state of the charitable company's affairs as at J l March 202) and of its incoming resources and application of resources, including its income and expelldi￿re for the year then ended. have been properly prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janauary 2015) - (Charities SORP (FRS102)}, the Ftnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standar(Ls on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are ￿rther described in the Auditovs responsibilities for the audit of the accounts sectioll of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethica] standar￿ and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evRdence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to goino concern We have nothing to report in respect of the following matteTS in relation to which the ISAS (UK) require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the fmancial statements is not appropriate. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Ch￿l￿S ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The other infonnation comprises the infonnation included in the annual reporL other than the financial statements and our auditovs report thereon. The trustees are responsible for the othu infornjation. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. In connection with OUT audit of the financial statements. our responsibility is to read the other infonnation and, in doing so, consider whether the other infornation is materially incon51Stent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other inforniation. If, based on the work we have perfonn&l we conclude that there is a material misstatement of this other inforn]ation, we are required to report that fa¢L We have nothing to report in this regard. Page 8 CLAN MOR SURESTART FINANCIAL ST ATEMEf4TS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters on which Ive are required to report by exception In the lioht of the knowledoe and understanding of the Trustees and its environment obtained in the course of the audil we have not identified mateiial rnisstatements in the Tnjstees, Report. We have nothino to report ill Tespect of the following nutters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion= sufficient accounting records have not been kep¢ or the financial statements are not in agreernent with the accounting records. or certain disclosures of trustees, remunerdtion specified by law are not made. or we have not received all the information and explanations we Tequire for our audit Responsibilities of trustees As explained more fully in the Statement of Tn￿es, Responsibilities, the trustees, who are also the directors of the charity for the puryose of company law, are responsil)le for the preparation of the financial statements and for being satisfied that they give a trie and fair view, and for such internal control as the directors detennine is necessary to enable the preparation of financial ststements that are free frorn material misstatemenL whether due to fraud or error. In preparing the fjnancial statements, the trustees aTe responsible foi assessing the charity's ability to continue as a ooing concem, disclosino as applicable, matters related to going concern and using the goino concern basis of accountino unless the trustees either tntend to liquidate the company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilitie5 for the audit of the financial ststements Our objectives aTe to obtain reasonable assurdnce about whether the fu)ancial statements as a whole are free from material misstatement, whether due to fraud or e￿Or. and to issue an auditor's report that includes our optnion. Reasonable assurance is a high level of ￿suranCe, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when tt exists. MisstateTnents can arise from fraud or error and are considered material if, individually or in the acroregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these fll)ancial statements. IrregulaTlties. including fraud, are instances of non-compliance with laws and reoulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irreoularities, including fraud. The extent to which our procedures are Capable of detecting irregularities, includillg frau(L is detailed below. Explanation as to what extent the audit was considered e2pable of detecting irregularities, including fraud The objectives of our audit in respect of frau(L are to identify and assess the risks of material misstatement of the fmancial statements due to fraud. to obtain sufficient appropriate audit evidence regardino the a55es5ed risks of material misstatement due to fraud, through designing and implementino appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identifjed during the audit. However. the primary responsibility for the prevention and detection of fraud rests with both management and those charoed with governance of the Charity. Our approach was as follows". We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered that the most stonificant are the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janaury 2015) - (Charities SORP (FRS 102). Enquiry of manageTnent, those charued with tsovernance and the entity's solicitors around actual and potential litigation and claims. Enquiry of entity staff in compliance functions to identify any instances of any non-compliance with laws and regulations. Reviewing fmancial statement disclos￿e$ and frsting to supporting documentation to assess compliance with applicable laws and regulations. Page 9 CLAN MOR SURESTART FINANCIAL STATEMEP￿s FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE lTrtDEPENDENf AUDrroR TO THE MEMBERS, Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the norn]al course of business. As part of an audit in accordan¢e with ISAS (UK) we exercise professional judgement and maintain professional 5cepticism ihr()ughout the audit. We also: Idenrify and assess the risks of material misstatement of the financial statements, whether duc to fraud or e￿Or. design and perfonn audit wocedures reswnsive to those risks, and obtain audit evidence that l5 suificient and appropriate to provide a basis for our opinion. The risk of not detecting a M￿erial tlliS5tatement resulting from fraud is higher than for one resulting from eTror, as fraud may involve Collusio￿ forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in i)rder to design audit procedures that are appropriate in the circumstances, but not for the purtK)ses of expressing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of a¢cotu]ting wlicies used 0￿d the re&sonableness of accounting estimates and related disclosures made by th¢ directors. Conclude OF] the appropriateness of the director5, use of the going concern basis of accounting and, based on the audit evidence obtsin¢4 whcther a tnateriat unccrtainty exists related to events or conditions that may casi significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required lo draw attention in our auditols reEK)rt ts) the related disclosures in the financia] statements or, if such disclosures are in&dequaie. to modify our opinioTL Our conclusions are based on the audit evidence obtained up to our auditols re￿r￿ However, future events or conditiotLS may cause the charity to cease to Continue as a going concern. Ev&luaie the oycrall presentation. structure and content of the financia] statements. including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. A furthcr description of our resp)nsibilities for the audit of the financial statements is located on thc Financial Reporting Council's wcbsite at: http.'l/wWw.frc.owuklauditorSTes￿nslb1lIties. This description fom)s part of our auditoes report. We communicate with those charged with governance regarding. among other matters, the planned scope and timing olth¢ audit and significant findings, including any significant deficiencies in intrrnal control that we identify during our audit. Use of our report This repx)rt is made solely to the charithble company's members, &$ a Fxyjy, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under th￿ A¢L Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to statc to the￿ in an auditors, retK)rt and for no other purp)se. To the fullest extent pemiitted by law, we do not accept or assumc rcstA>nsibility to anyone other than the charitable company and its embers as a bod , or our audit worl for this retK)¢ or for the opinions we have fonned. LAWRENCE SHEARER F.C.A., Senior St4thttory Auditor FOR AND ON BEHALF OF O'EL4IL4 SHEARER, Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTApirs AND STATUTORY AUDITORS 547 Falls Road Belfast BTII 9AB D2ted: 20th October 2023 Page 10 CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard which applies in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Going Concern At the time of approving the financial statements, the trustees, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable firture. Thus the trustees, continue to adopt the going concern basis of accounting in preparing the fmancial statements. Income Recognition Income is recognised when the Charity has entitlement to the funds, any perforn]ance conditions attached to the item(s) of income have been me¢ it is probable that the income will be received and the amount can be measured reliably. Interest Receivable Interest on funds held is included when receivable and the amount can be measured reliably; this is nom]ally upon notification of the interest paid or payable by the Bank. Resources Expended All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all costs related to the category. Fundraising costs include the costs of advertÉsing. producino > publications, printing and mailing fvndrnising material, and staff costs in these areas. Costs of charitable activities include direct expenditure inCu￿ed through operational activities. Governance costs represent the costs associated with the governance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Fixed Assets All tangible fixed assets are recorded at cost. Page 11 CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEIIIENT OF ACCOUNllNG POLICIES Continued Depreciation Depreciation is calculated to write off the cost of f￿ed assets over their estimated useful lives at the following rates: Premises adaptations Office equipment Computer equipment 5 /0 residual value 200/0 residual value 25 % residual value Repairs aDd Renewals All repairs and renewals are written off as incurred Pension Costs The charity does currently operate a defined conribution pension scheme. This is operated via the UK Government NEST Pension Scheme. Debtors and Prepayments Trade debtors and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and Provisions Creditors and provisions are recognised where the charity has a present oblioation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at their settlement amount after allowing for any trdde discounts due. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic fmancial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Foreign Currencies Monetary assets and liabilities in foreign cutrencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign Cu￿enCieS are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds. Page 12 CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR EIWED 31ST MARCH 2023 STATEMENT OF ACCOUNfING POLICIES Continued Fund Accoullting Unrestrlcted funds are general fijnds that are available for use at the T￿￿tees, discretion in ￿rtheranee of the charitable objectives of the charity unless the funds have been designated for other purposes. Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific future puryoses. Restricted funds are those given for use in a particular area or for specific purposes. the use of which is restricted to that area or purpose. Endownment funds are subject to specific conditions by donoTS that the capital must be maintained by the charity. The income received from funders depends on the charity meeting detailed criteria on expenses plans. Grants given under such conditions are also given subject to them being obtained for in connection with the furtherance of the charity's aims and objectives. Such incorne can be repayable to the funder if such expenses plans and criteria are not met. Such income is only deferred when the donor specifies that the granvdonation must only be used in future accounting periods. or the donor has imposed conditions which must be met before the charity has unconditional entitlemenL Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific perforniance condition5 is recognised as earned as the related goodslservices are provided. Grant income included in this category provides funding to support perfomiance activities and is recognised where there is entitlernent, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when: feeslperformance related grants are received in advance of the perfonnance/event to which they relate. Reserves Policy Restricted ￿ndS must be be utilised in compliance with fLmder CTlteri& Specifically, Department of Education Governance and Accountability guidance also provides details of a new reserves policy. Sure Start Projects are pettnitted to hold a maximum of two weeks equivalent of their annual budget allocation as reserves, if required. for working capital requirements at the f￿ancial year end. En line with the requirement frotn our key ￿nder, the organisation is unable to allocate any unused funding to reserves. All unspent monies must be returned to the funder. Page 13 CLAN MOR SURESTART STATEMENT OF FINANCIAL ACTivrrtES FOR THE Tr'EAR ENDED 31ST MARCH 2023 incor oratin the income And ex enditure 3ccount Unrestricted Restricted Endownrnertt TOTAL TOTAL Funds Funds Funds 2023 2022 NOTES INCOME AND ENDOWNMENTS FROM: Donations and legacies tncome from investrnents tncolne fioln chantsble activities tncome frotn other trading activiues 019.279 619,279 599.729 TOTAL INCOME AND ENDOWNfvtENrs 619,279 619,279 599,729 EXPENDITURE ON: Expenditure on raising fimds ExpendiDJte on chatitsble activities Other expenditure Net gainOllos5es) on investments 619,602 619,602 599.472 TOTAL RESOURCES EXPENDED 619.602 619,602 599.472 NET INCOMEI(EXPENDITURE) (3231 (323) 2)7 Transfers beh¥een fijnds NET MOVEMENT IN FUNDS (323) (323) 257 RECONCILDITION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 53.112 19.627 72,739 72,482 TRANSFERS BETWEEN FUNDS 16 REALLOCA TION OF FUNDS TO CURRENT YEAR 16 TOTAL FUNDS CARRIED FORWARD 53.112 19J04 72,416 72.739 The Statement of FinaDcial Activities includes all gains losse5 in the year therefore a Statement of Total Recogllised Gains #nd Ltsssts has Dot been prepxred All of tbe above amounts relate to continuing 4ctiviti Theactompanying *ctouHtinE ￿laU aid tht DQtu forni PArt of these finaictal ststemeDts Pag¢ 14 CLAN MOR sifRESTART BALANCE SHEET AS AT 31ST MARCH 2023 2023 2022 NOTES FIXED ASSETS Tangible assets 1,050 1,327 CURIIENT ASSETS Debtors and prepayments Cash at bank Cash in hand 1,239 74,709 149 1,164 74,689 149 76,002 10 76,097 Creditors". amounts falling due within one year 12 (4,344) (3,926) NET CtWlENT ASSETSI(LIABILITIES) 71,753 72,076 TOTAL ASSETS LESS CURRENT ASSETSI{ LIABILITIES ) 72,803 73,403 Creditors: amounts fallino due after more than one year 13 (387) (664) NET ASSETSI(LIABILITIES) 72,416 72,739 FUI¥DS: ENDOWNMENT FUNDS UNRESTRICTED INCOME VttNDS 14115116117119 53,112 53,112 RESTRICTED INCOME FUNDS 14115116117120 19J04 19,627 72,416 72,739 APPROVED ON BEHALF OF THE BOARD OF DIRECTORS . DANNY POWER DIRECTOR ELIZABETH MCSHANE DIRECTOR DATE 20th October 202) DATE 20th October 202) The accompanying accounting policies and notes form part of these financial ststements Page 15 CLAN MOR SURESTART STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2023 2023 2022 NOTES CASHFLOWS FROM OPERATING ACTtVITIES Cash generated from operations 15 20 (439) Net cash inflowl(outtlow) from operating activities 20 {439) Investillg activities Investment income Purchase of tangible fixed assets Acquisition of investments Disposal of investments Disposal of tangible fixed assets Net cash from investing activities Increasel{decrease) in cash and cash equivalents in the year 20 (439) Casb and cash equivalents at the be(vinning of the year 74,838 75,277 Casb and cash equivalents at tbe end of the year 74,858 74,838 Relating to.. Cash at bank 2nd ill band 74,858 74,838 The accompanying accounting policies and notes form part Df these financial ststements Page 16 CLAN MOR SURESTART TEST THE FLNANCIAL STATEMEwrs FOR THE I'EAR ENDED 31ST M.IRCH 2023 I. DONATIONS AND LEGACIES Unrestrieted Restricte Funds Funds Ullre5trricted Restrict¢d FU￿d5 Fund5 2023 2022 Don21itsns Le¥aci¢5 2. INCOfvIE FROM ll¥VESTf¥lENTS UDrfStrict¢d Restrided F￿ndS F￿n￿3 Unrestricted Restricted Furtds F￿ndS 2023 2022 ID¢omt from UK listed investh]ents Income from ta5h 3. llYCOME FROM CHARITABLE AcfMTIES Unrestricted Restritted Funds Funds Unrestricted Reslritted Fund5 Funds 2023 2022 Health & s￿la[ Care Board- Department of Edutation IDE)CotEFuDding Health & s￿la1 Care Board- Departsnent of Education (DEI Cost of Livtng Funthng Health & Social Care BoaTd_ DE Cor¢ Fun(fino ietractiots of testsictEd rrscrves Blackie River Community Group Frank Buttle Trust British Red Cros5 SU]n￿eT Scheme5 Other Income 61?.456 6.823 612,456 6.f23 596.729 3.000 3,0 619•79 619?79 3.000 596.729 599,729 4. ￿COmE FROM OTHER TRADING AcfIvIT Unrutricted Restriered Funds Funds Unrestricted Restricted Funds Funds 21123 2022 Funthi$ing Page17 CiAfi MOR SURFSTART NOTES TO THE FINANCIAL STATEMENrs FOR TEE Tr'EAR ENDED31sf MAR H 2023 S. EXPENDtruR£ ON RAISING FtFNDS UDre5trictal Restricted Funds Unresiricted Restricted FuTrd$ Funds 2023 2022 PromotiODd and fuDdtsisiDg costs & EXPENDITURE ON CHARtTABLE AcrEvrT UDrt8tricttd Restri¢ted FuDd5 Fut Unrestricted He5tricted Funds Funds 2023 2022 W&ges and sdaries Isee Nol¢ 8} Social securiry costs (See Note 81 Roden Street Communuity Development Group Sajaries Diws Joint Dev¢loptnent Committec SaJarie5 Training and devclopmcnt Staff unifornjs Trnvel costs and expenses Programme costs- equipment Programme costs- revenue Red Cro￿ expenses Department of Edu¢atTron IDE) core fuDding Tetradion Q4 ulldeT5￿d ?021fL? (Notr lJ161 Sundry expense5 405.756 25J17 405,756 25.317 400,694 24,026 400,694 24,026 91.826 3.755 91.826 3.755 88.001 1.027 88.001 1.027 1.706 1.706 2.092 2.092 16.OYJ 16.690 l2J?7 12327 2.000 2.(M)O 54S,OSO 545,OSO 2.000 528.L67 S30,167 Support Costs and Governance costs Telephone and iniemei Rent and se￿tCe charges Community facilities mt ]nsurance CoTnputersoftwaTe and maintenance costs Printing, Foslaoe and Mationery Repairs and maintenance Capiial equipment costs Hire of equipTnent DepreciatlOD Amortisation Audit fees Annual retum fee Benk Inte￿8t and ch2Tges 3.955 ?0.306 36.439 2.582 3.098 1.663 3,955 20.306 36.439 2582 3.098 1.663 3.879 19.332 33.092 2.390 2.748 2.722 76 3.879 19,332 33.092 2.390 2.748 2.722 76 1.775 2T7 1.775 277 12771 3,94? 13 779 726 350 1350) 3.786 726 350 {3501 3,786 3.942 13 779 554 554 74.5)2 74552 69,3(kS 69,305 TOTAL EXPENDtTURE ON cBAR￿A￿LE AcrJvtriLS 619,602 619ffj02 597,472 599,472 Page18 CLAN MOR SURESTART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 li 7. NET (OUTGOING)/ INCol￿[NG RESOURCES FOR THE YEAR This is stated after charging/(creditino 2023 2022 Auditors remuneration Depreciation Grants amortisation 3,942 277 (277) 3,786 350 (350) 8. SALARY COSTS AND EMOLUMENES 2023 2022 Total staff costs were as follows: Wages and salaries - key management personnel Wages and salaries - other staff Employer social security costs - key management personnel Employer social security costs - other staff Employer social security costs - Statutory Maternity Pay Recoverable Employer social security costs - Employment Allowance 41,828 363,928 5,824 24,493 40,712 359,982 5,432 22,594 {5,000) (4,000) 431,073 424,720 The average monthly number of employees during the year w&s as follows: 2023 Iyumber 29 2022 Number 29 No employees had emoluments in excess of £60,000 (2022: £Nil) Trustees, remuneration and beneflts There was no trustees, remuneration or other benefIts for the year ended 31 st March 2023. (2022: £Nil) Trustees, Expenses There were no trustees, expenses paid for the year ended 31 st March 2023. (2022: £Nil) Page 19 CLAN MOR SURESTART NOTES TO THE FINANCIAL STATEIIIENTS FOR THE YEAR ENDED 31ST MARCH 2023 9. TANGIBLE FIXED ASSETS Premises Office Adaptations Equipment Computer Equipment Total COST As at I st April 2022 7,701 6,962 14,663 Additions Disposals As at 3 1st March 2023 7,701 6,962 14,663 DEPRECIATION As at 1st April 2022 6,574 6,762 13,336 Charge for year Eliminated on disposal 227 50 277 As at 31st March 2023 6,801 6,812 13,613 Net book value 2023 900 150 1,050 Net book value 2022 1,127 200 1,327 10. CASH AT BANK 2023 2022 First Trust BaDk - Restricted DE Core Fundinu First Trust Bank - Unrestricted Funding 20,568 54,141 20,548 54,141 74,709 74,689 Page 20 CLAN MOR SURESTART OTES TO THE FtNANCIAL STA TEMENTS FOR THE TrTAR EliDED 31ST fvL4RCH 2023 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors Prepayments 1,239 1.164 1.164 12. CREDITORS: Amourrrs FALLING DUE WITHIN ONE YEAR 2023 2022 Social security costs and other taxes Acc￿ed expenses D¢p8rtm¢nt of Education (DEI Q4 uTJdeTspend 4,321 23 3.903 23 4,344 3,926 13. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2023 2022 Capital grant reserve: Balance at 1st April 2022 Received in year 664 1,014 664 2771 1.014 13501 Credit foi the year Balance at 31st March 2023 387 664 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangtl>le Cath at Fixed Bank and Assets Prepayrnents in Hand DebtOTS Crediiors and Accrua]s Transfers beN￿n Funds 2023 2022 un￿Stricted Funds 54.141 (1,029) 53.112 53,112 Restrictrd Funds- DE Core Funding 1,050 1,239 20,717 (4,731) 1.029 19,304 19.627 Restticted Funds- Other Funding Tots] Funds 1.050 1.239 74.858 (4,731} 72,416 72,739 15. RECONCILIATION OF oPEIL4T￿G PROFIT TO NET CASH FLOW FROM OPERATING ACTIVITIES FROM OPERATING ACTIVITILS 2023 2022 Operating su￿1￿$/{Der]£It) for the year Depreciation Movement in debtor5 Movement in creditors Gain on investtnents (ProfityL0$5 on di8posai of Fixed Assets DE Core restricted fimds brought foword ￿lI1$ed in curtent year Investment income {323) 277 (75) 141 257 350 (15) (1,031) Net cash inflowl(outtlowl from operdting activities 20 4391 P4e ?1 CiAN M RESTART HE FfNANCiAL ￿ATEmENTs FOR THE YEAR ENDED J ARCH 2023 16. MOVEMENT IN FUNDS MoTMnETht UtiirS81iott olDE ReStritiEd KtttrVÉ% Brough¢ Forwllryl Op¢Di Baknllce Eipumliture Transfets betwern 1023 2023 2022 Unrtstsietcd Fund5 Restricted Fth (Se¢An¢fy575 Belowj 19.627 6192 {619.6Q21 19,627 7L739 619279 619.602 rJ23} 72,416 72.739 Netmovement ill Fuud5 Vli]t5Y1i￿Th ofDE Resth