LAN MOR SURESTART
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
COMPANY REGISTRATION NUMBER N1045311
CHARITY REGISTRATION NUMBER NIC 105001.
*ADIANROB*
1911212024
COMPANIES HOUSE
#236
O'HARA SHEARER
CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS
547 FALLS ROAD
DEI LfiAST
BTII 9AB

CLAN MOR SURESTART
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
CONTENTS
Page
Balance sheet
Notes to the financial statements

CLAN MOR SURESTART
BALA]YCE SHEET
AS AT 31ST ￿￿RCH 2024
2024
2023
FIXED ASSETS
Tangible assets
831
1,050
CURRENT ASSETS
Debtors and prepayments
C&sh at bank
Cash in hand
1,013
75,9S9
1,239
74,709
149
76,097
76,972
Creditor"; amountg falling duc ii'ithin onc ycsr
(4,J45) (4,344)
NET CURRENT ASSETSI(LIABILITIES)
72.627
71,753
TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES )
73,458
72,803
Creditors: amounts falling due after more than one year
(168)
(387)
NET ASSETSIILIABILITIES)
73,290
72,416
FUNDS:
ENDOWNMENT FUNDS
UNRESTRICTED INCOME FUNDS
53,986
53,112
RESTRICTED INCOME FUNDS
19,304
19,304
73,290
72,416
The directors of the company have elected not to include a copy of tlie profit and loss account
within the financial Statements.
These financial statements have been prepared and delivered in accordance with the provisions
applicable to companies subject lo the small companies, regime.
The financial statements were approved by the board of directors and authorised for issue on
4th October 2024 and are signed on its behalf by:
DANNY POWER
DIRECTOR
ELIZABETH MCSHANE
DIRECTOR
DATE
4th October 2024
COMPANY REGISTRATION NUMBER
Nl 045311
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CLAN MOR SURESTART
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
STATEMENT OF ACCOUNTINC POLICIES
Aecounting 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 Standard 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 future. Thus the trustees,
continue to adopt the going concern basis of accounting in preparing the financial statements.
IDcome Recognition
Incomc is recognised when the Charity has entitlement to the funds, any performanc¢ 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
nonnally upon notification of the interest paid or payable by the Bank.
Resources Expended
All e,xpenditure 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 advertising, producing publications, printing and mailing fundraising
material, and staff costs in these areas.
Costs of charitable activities include direct expenditure incurred through operational activities.
Governance costs represent the costs associated with the governance arrangements of the charity which
relat¢ 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.
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CLAN MOR SURESTART
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
STATEMENT OF ACCOUNTING POLICIES
Depreciation
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives
at the following rates:
Premises adaptations
Office equipment
Computer equipment
5 % residual value
20 % residual value
250/0 residual value
Repalrs and 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 obligation 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 normally recognised at
their settlement amount after allowing for any trade discounts due.
Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recogni5ed 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 Cu￿enCieS are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign Cu￿en¢1es 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 rnovement in funds.
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CLAN MOR SURESTART
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
STATEIVIENT OF ACCOUNTING POLICIES
Fund Accouoting
Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance of
the objectives of the charity.
Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specifi
future purposes.
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.
Reserves Policy
Unrestricted funds 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.
Restricted funds must be be utilised in compliance with funder criteria. Specifically, Department of
Education Governance and Accountability guidanee also provides details of a new reserves policy.
Sure Start Projects are pennitted to hold a maximum of two weeks equivalent of their annual budget
allocation as reserves, if required, for working capital requirements at the financial year end.
In line with the requirement from our key funder, the organisation is unable to allocate any unused funding
to reserves . All unspent monies must be returned to the funder.
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CLAN MOR SURESTART
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31ST MARCH 2024
19. UNRESTRJCTED INCOME FUNDS
2024
2023
Balance at 1st April 2023
53,112
53,112
Incoming resource5 for the year
Resources expended for the year
Transfer between funds
6,212
(5,338)
Balance at 3 1st March 2024
53,986
53,112
20. RESTRICTED INCOME FUNDS
2024
2023
Balance at I st April 2023
19,304
19,627
Reallocation of brought forward funds to current year
Incoming resources for the year
Resources expended for the year
Transfer between funds
612,456 619.279
(612,456) (619,602)
Balance at 31 st March 2024
19,304
19,304
J. LEGAL STATUS
Clan Mor Sureslart is a Company Limited by Guarante¢.
Each member has agreed to contribute £1 in the event of a compulsory winding up.
Clan Mor Surestart is registered with The Charity Commission for Northern Ireland,
Charity Number 105001. Date of registration 5th April 2016.
Clan Mor Surestart is a recognised Charity Within the definition of Section 360(3) Income and
Corporation Taxes Act 1970 by the Commissioners of the Inland Revenue.
4. AUDIT REPORT INFORMATION
As the income statement has been omitted from the filing copy of the financial statements the following
infonnation in relation to the audit report on the statutory financial statements is provided in accordance
with s444(5B) of the Companies Act 2006:
The auditorfs report was unqualified.
The senior statutory auditor was Lawrence Shearer FCA.
The auditor was O'Hara Shearer Chartered Accountsnts & Statulory Auditors.
5. APPROVAL OF ACCOUNTS
The flnancial statements were approved by the directors, on 4th October 2024.
Page 6