CLAN MOR SURESTART FINANCIAL STATEMEINTS FOR THE YEAR ENDED 31ST MARCH 2024 ( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER IY1045311 CHARITY REGISTRATION NUMBER NIC 105001 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDrroRS 547 FALLS ROAD BELFAST BTII 9AB CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 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 Statement of Financial Activities (incorporating the income and expenditure accoun 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 2024 OFFICERS AND OTHER INFORMATION Directors Danny Power (Chairperson) Elizabeth Mcshane Bany Fegan (Resigned 0510412023) Management Committee Danny Power Barry Fegan (Resigned 0510412023) Sara Hunter Paul Oweill Elizabeth Mcshane Rioghnach Doherty Secretary Elizabeth M¢Shane Programme Co-ordinator Claire Neill Registered Offiee Maureen Sheehan Centre 106 Albert Street Belfast BT12 4HL Auditors O'Hara Shearer Chartered Accountants & Statutory Auditors 547 Falls Road Belfast, BTI19AB Solicitors Breen Rankin Lenzi Alameda Terrace 266 Falls Road Belfast BT12 6AL Bankers AEB (NI) 3 5 University Road BelfasL BT7 IND Company Registration Number N1045311 Charity Registration Number XR 65640 Charity Commission for Northern Ireland Registrntioll Number NIC 105001 Page I CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Opinion We have audited the financial statements of Clan Mor Surestart (the 'charity') for the year ended J l March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flow5 and the note5 to the financial statements. 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 Financial Reporting Standard 102 Thefinancial Reporling Srandard applicable in ihe UK and Republic ofJreland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at J l March 2024 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janauary 2015)- (Charities SORP {FRS102}), the Financial 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 Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the accounts section of our report. We are independent olthe charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accoi'dance with these requiretnents. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which ihe ISAS (UK) require us to report to you where: the trustees, use of the going concern basis of accounting in the preparation of the financial 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 charity's ability to continue to adopt the going concern basis of accounting for a period of at le&st twelve months from the date when the financial stalements are authorised for issue. Other information The other inforniation comprises the infonnation included in the annual repott other than the financial staternents and our auditor's report th¢reon. The trustees are resp)nsible for the other inforniation. Our opinion on the financial staternents does not cover the other information and, except to th¢ extent otherwise explicitly slated in our reporL we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inforrnation and, in doing so, consider whether the other infonnation is Tnaterially inconsistent 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 mi5Statements. we are required to detennine whether there is a material misstatement in the financial statements or a material misstatement of the other infonnation. If. based on the work we have perfonned, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 8 CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 REPORT OF THE IIYDEPENDENT AUDITOR TO THE MEMBERS, Matters on which we are required to report by exception In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: sufficient accountints record5 have not been kept. or the financial statements are not in agreement with the accounting records; or certain disclosures of trustees. remunerdtion specified by law are not made- or we have not received all the infortnation and explanations we require for our audit. Responslbilities of trustees As explained more fully in the Statement of Trnstees, Responsibilities, the trustees, who are also the directors of the charity for the Purpose 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 directors deterniine is necessary to enable the preparation of financial statements that are free from material misstatemen¢ whether due to fraud or error. In preparing the financial statements, the trnstees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and usino the goino concern basis of accounting unless the trustees either intend to liquidate the company or lo cease operations. or have no realistic alternative but to do so. Auditor's responsibilitie5 for the audit of the fJnan¢ial statemellts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or e￿Or, and to issue an auditovs 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 it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the a￿tsre￿ate, they could reasonably be expected to influence the econotnic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-cotnpliance with law5 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 frau(L is detailed below. Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud The objectives of our audit in respect of fraud. are lo identify and assess the risks of material tnisstaternent of the financial stateinents due to fraud- to obtain suificient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud. through designing and implementing appropriate responses to those assessed risks. and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However. the primary responsibility for the prevention and detection of fraud rests with both management and those chartred 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 significant 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 management. those charued with oovernance and the entity'5 solicitors around actual and potential itigation and claims. Enquiry of entity staff in compliance functions to identify any instances of any non-compliance with laws and regulations. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Page 9 CLAN MOR SURESTART FINAIYCI.4L STATE,NIEYTS FOR THE Tr"EAR ENDED 31ST MARCH 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Auditing the risk of management ov¢rride of controls. including through testing journa] entries and other adjusttnents for appropriateness. and evaluatin£ the business raiionaje olsignificant transactions outside the norn]al course ot business. As pait of an audit in accordance with ESAS (UK) we exercise professional judgetncnt and maintain professional scepti¢ism throughout the audit. We also.. Identity and asscs5 the risks of material misstatement of the financial stat¢ments. whether due to frdud or error, design and pertorm audit procedures res￿nSive to those risks. and obtain audit evidencc that is sufticient and appropriatc to provide a basis for our opinion. The risk of not detecting a material mis5thtement resulting from fi'aud is higher than for one resulting fri)m error. as frnud may involve ¢ollusiorn forgery, intentional omissions, misrepresentations. or the override of internal conttY)l. Obtain an unde]31anding of iniernal control relevant to the audit in order to design audit procedures that are appropriaie in the circumsiances. but noi for the purtK)ses of expressing an opinion on the effectiveness olthe company's intern￿ control. Evaluate the appropriateness of accounting policies used and ihe reasonableness of accounting estimates and related disclosures made by the dire¢tors. Conclude on the appropriatencss of thc directors, use of the going concern basis of accounting and. bascd on the audii evidence obtaincd. whcthcr a tnaterial uncertainty exists related to events or ¢onditions that Tnay cast significant doubt on the ¢haritv's ability to continue as a going concern. If we conclude tha( a material uncertsinty exists. we are required io draw attcntion in our auditorfs rel￿ lo the related disclosures in Ihe financial statetnents or. if su¢h disclosures are iftadequate. to tn(MJih' our opinion. Our conclusions are based on the audit evidence obtained up to our audiiorfs report. However, future events or conditions may cause the charity lo Cease lo continue as a going concern. Evaluate the overnll presentation. structure and content of the financial sthtcmcnts. including the disclosures. and whether the tinancial statements represent the underlying transaciions and eveTrls in a Mat￿tr that achieves fair presentation. A further description of our responsibiliiies for the audit of Ihe financial statcmcnls is located on the Financial Reporting Council's website at: httpj1www.frc.0rg.uklaudi￿rsresp)nsib1I1t1Cs. This dcscription fornjs part of our auditovs report. We communicate with thosc charged wilh govcrnance ￿gardIn& among other mattet3. the planned scope and liming of the audit and significant lindings. including any significant dcticicncies in internal control that we identify during our audit. Use of our report This report is made solely to thc charitable compan￿5 members. as a EK)dv. in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations madc undcr that Act. Our audit ivork has been undertaken so that we might statc to the charitable company's members thosc matter5 ivc are rcquircd to state to them in an audiiors, rewrt and for no other purpose. To the tullest extent pemlittcd by law. we do not accept or a&sume reswnsibilitv to anyone other than the charitable company and ils Membe￿ as a ix)dy, for our audit work. for thi5 report. or for the opinions we have fornied. LAWRENCE SHEARER F.C.A., Senior Ststutory Auditor FOR AND ON BEHALF OF O'HAFL4 SHEARER, Ststhtory Auditor O'HARA SHEARER CHARTERED ACCOUIYTANTS AND ST ATUTORY AUDITORS 547 Falls Road Belfast BTI 19AB Dated: 4th OCto￿r 2024 Page 10 CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF ACCOUNTING POLICIES Accountino 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. Income Recognition Income is recognised when the Charity has entitlement to the funds, any perforniance conditions attached to the item(s) of income have been meL 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 normally 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 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 govemance 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 2024 STATEMENT OF ACCOUNTING POLICIES Conlinued 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 200/0 residual value 250/0 residual value Repairs and Renewals All repairs and renewals are written off as InCu￿ed 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 recoiynised 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 nornially recognised at their settlement amount after allowing for any trade discounts due. Financial Instrument5 The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception ol bank loans which are subsequently measured at amortised cost using the effective interest method. Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies 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 ENDED 31ST MARCH 2024 STATEME[￿ OF ACCOUNTING POLICIES Conliiiued Fund Accounting Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance 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 purposes. Restricted funds are those given for use in a particular area or for specific purposes, the use olwhich is resti'icted to that area or purpose. Endownment funds are subject to specific conditions by donor5 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 incoine 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 grantldonation must only be used in future accounting periods; or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions is reco￿]sed as earned &8 the related goodslservices are provided. Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be me&5ured with sufficient reliability. Income is deferred when: feeslperformance related grants are received in advance of the performancelevent to which they relate. Reserves Policy Restricted funds must be be utilised in compliance with funder criteri& Specifically. Department of Education Governance and Accountability guidance also provides details of a new reserves policy. Sure Start Projects are pennitted to hold a m￿]MuM of two weeks equivalent of their annual budget allocation as reserves. if required, for working capital requirements at th¢ 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 retumed to the funder. Page 13 CL.IN IIOR SI'REST.4RT ST.4TETrIENT OF FIiY.4NC.I.IL.ICTIN'ITIES incor the income and t FOR THE I'E.IR ENDED 31ST.11.4RCH 2024 oratin diture aCCOUDI [T￿reStricted Restricted EndownmeNt TOTAL TOTAL Fund5 Funds Funds 2024 2023 INCO￿lE AND ENDowN￿[ENTs FROfvI: Donations and legacie5 Income from investments Income froTn charitable activities Income from otlier trading aclivilies 6,212 612,456 618,668 619,279 TOTAL ILNcofwlE AND ENDOWNI INIENTS 6,212 612.456 618,668 619,279 EXPENDITURE ON: Expenditure on raising funds Expenditure on charitable activtlies Other expeRdittLr¢ Nct gain51{lossesl on invesimen 5,3i8 612.456 617.794 619,602 TOTAL RESOL'RCES EXPENDED 5.ii8 612.456 617.794 619,602 NET INCOMEIIEXPEINDITIIREI 874 874 1323) Transfers between funds NET IWIOVEIllENT IIN FUINDS 874 874 {3231 RECONCILI,KTION OF FLINDS TOTAL FL'NDS BROLIGHT FORWARD 5).112 19.304 72.416 72,739 TRANSFERS BETWEENI FUNDS 16 REALLOCATION OF FUNDS TO CLIRREIYT TrEAR 16 TOTAL FLTNDS CARRIED FORWARD 53.986 19J04 73,290 72,416 Tbe StsterntTrt of Financial Attivitits inelude5 all g3iTr$ and losses in the vtar a￿d therefore a Statement of Total Rteogni5ed and Losses has not bee￿ prepared All of the above amounts relate to eotstiDIIiDg 4Ctivities The ¥¢¢othp4Oyithi ￿11(]￿4 and Ihe wtt5 ft)rn of these finaicial stAtements Pag¢ 14 CLAN MOR SURESTART BALANCE SHEET AS AT 31ST MARCH 2024 2024 2023 NOTES FIXED ASSETS Tangible assets 831 1,050 CURRENT ASSETS Debtors and prepayments Cash at bank Cash in hand 1,013 75,959 1,239 74,709 149 10 76,972 76,097 Creditors: amounts falling due within one year 12 (4,345) (4,344) NET CURRENT ASSETSI(LIABILrrIES) 72,627 71,753 TOTAL ASSETS LESS CURREKf ASSETSI( LIABILITIES ) 73,458 72,803 Creditors: amounts falling due after more than one year 13 {168) (387) NET ASSETSI(LIABILITIES) 73,290 72,416 FUI¥DS.. ENDOWNMENf FUI¥DS UNRESTRICTED INCOME FUNDS 14115116117119 53,986 53,112 RESTRICTED INCOME FUNDS 14115116117120 19,304 19,304 73,290 72,416 APPROVED ON BEHALF OF THE BOARD OF DIRECTORS . DANNY POWER DIRECTOR ELIZABETH MCSHANE DIRECTOR DATE 4th October 2024 DATE 4th October 2024 The Accompanying accounting polieies and notes form part of these financial statements Page 15 CLAN MOR SURESTART STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 NOTES CASHFLOWS FROM OPERATING ACTIVITIES Cash generated from operations 15 1,101 20 Net cash inflow/{outtlow} from operating activities 1.101 20 Investing activities Investment incotne Purchase of tangible fixed assets Acquisition of investments Disposal of investments Disposal of tangible fixed assets Net Cash from investing activities Increase/(decrease) ID casb and casb equivalents in the year I,ioi 20 Casb and casb equivalents at the beginning of the year 74,858 74.838 Casb and casb equivalents at the end of the year 75,959 74,858 Relating to= Casb at bank and ill halld 75,959 74,858 The accompanying accounting policies and notes form part of these financial statements Page 16 CL4N IIORSIREST.4RT YOTESTO THE FIN.4NCIAL sr.4TEIIEYrs R THE I'E.4R ENDED 31ST IIARCH 2024 I. DONATIONS AND LEGACIES Unrestricted iie51ricted Fund5 Funds Urtrtsiritted Restricted Funds Fund5 Z1124 Z023 Don4iion5 Leycies 2. INCO￿1£ FROM INVESTMENTS ￿,￿r￿trIcted Restricted Funds Funds Unrestricted Rvtricted Fllnd5 Fllnds 2024 2023 Income from UK listed inve5tmen15 IDcoille ITOM cHsh 3. INcO￿lE FROM CHARrrABLK AcrtVlTIES L'nrt5trict¢d Rc5trict¢d Furtds Funds Uttrtttritted Re51rieted Funds FuThd$ 2024 21)23 Health & Social CgT¢ BoaTd- tkpartmtni ofEduc&tion IDE) Cote Funding Healih & Social Care BoaTd- Lkpartm¢nt of Education IDE) Co* of Living Fut￿]￿8 The Heart Projeci Other IncoTne 61?,456 612,450 61?,456 6.823 61?.456 6.823 5.338 874 5.338 874 61 ?,456 618.668 619?79 619•79 4. INCOME FROM OTHER TILIDING ACTtvtTIES Lnre5tricttd Restricted Funds Funds Unrestricted Resiritted FuThds Funds 2024 2023 Fundraising P4e 17 CL..IY IIOR SI'REST.4RT P40TES TO THE FI%..INCIAL ¥r.4TENIENTS FOR THF I'F..IR ENDF.D JIST 11.4RC'H 2024 5. EXPEIYDITURE ON IL4ISING FUNDS Uire5tri¢ted Re51riCted Fllods Unresiri¢ted Resiricted Funds 2024 2023 Promoiional and fundraisinby costs EXPEIryDrruRE ON CHARrr.4BLE ACTIVITIES Vllmtricled ResFri¢t￿I Funds Funds Unres¢ri¢ted Resiritted Furtds Fu*ds 2024 2023 Wa¥es and salaries (See Note 81 Swi415ecuriiv cosis Isee Note 81 Divis Joini Develowtni Committee Salaries Trainingk and development SialTunifoms Trnvel costs and eipen5es Prosryamme ¢0515- equiptnenl Prosryamme ¢osis- revenue Department of Edu¢aiIon IDE) cote funding7 tctrdction (y Unde￿[￿lld ?O?Ji?4 IINote IZII61 Deparfment of Education IDE) core fundin¥ retractton Q4 brought foThvard b8lanc¢ adju*m¢nt Suttdry expet 5J38 399,495 404.833 405,756 25,317 91,8?6 3,755 405.756 ?5,317 91,826 3,755 96.988 4.165 96,988 4,165 1.706 1.706 13,556 82 1231 16.690 16.690 S338 537J $42.841 545,050 545,050 Support C05t5 and Govern8Thce costs Telephone and inteTEJet Rerti and setvice chargles Community facilitie5 retit Insuranre Coinpuier 50ftiYare and tnainienance costs Printins., postagie and 5LItio Repairs and maintenance Capital equipment Coms Hire ofequipment DewLYiation Amortisaiion Audii fies Annual return fee Bank. inicrest aNi char¥e8 4,?29 ?1,593 ?7,359 3.031 3.955 20jQ6 3.955 2.582 3.098 2.582 914 219 12191 3.974 914 ?19 1.775 277 1?771 3.942 1.775 277 1?771 3.94? 3,974 93 779 779 7{953 74.953 TOTAL EXPEiYDITURE ON CHARrfABLE AcrivrTlES 5J38 612.4 617.794 619.602 619.602 18 CLAN MOR SURESTART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after charging/(crediting) 2024 2023 Auditors remuneration Depreciation Grants amortisation 3,974 219 (219) 3,942 277 (277) 8. SALARY COSTS AND EMOLUMENTS 2024 2023 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 - Employnient Allowance 42,038 362,795 5,620 24,442 (2,841) (5,000) 41,828 363,928 5,824 24,493 (5.000) 427,054 431,073 The average monthly number of employees during the year was as follows: 2024 Number 29 2023 Number 29 No employees had emoluments in excess of £60,000 (2023: £Nil) Trustees, remuneration and benefits There was no trustees, remuneration or other benefits for the year ended 31 st March 2024. (2023: £Nil) Trustees, Expenses There were no trustees, expenses paid for the year ended 31 st March 2024. (2023: £Nil) Page 19 CLAN MOR SURESTART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 9. TAIYGIBLE FIXED ASSETS Premises Office Adaptations Equipment Computer Equipment Total COST As at I st April 2023 7,701 6,962 14,663 AdditLons Disposals As at 3 1st March 2024 7,701 6,962 14,663 DEPRECIATION As at I st April 2023 6,801 6,812 13,613 Charge for year Eliminated on disposal 182 37 219 As at 3 1st March 2024 6,983 6,849 13,832 Net book value 2024 718 113 831 Net book value 2023 900 150 1,050 10. CASH AT BANK 2024 2023 First Trust Bank - Restricted DE Core Funding First Trust Bank - Unrestricted Funding 21,768 54,191 20,568 54,141 75,959 74,709 Page 20 CLAN.VIOR SI:REST.4RT NOTES TO THE FIN.4NCI.IL ST.4TEIIEJTS FOR THE I"EAR EISDED 31ST II IARCH 2024 11. DEBTORS: AIIObiYTS F.4LLING DLE IVITHI& ONE IEAR 2024 2023 Debtors Prepayments 1,013 L,239 1.013 12. CREDITORS: A￿[Oll￿T5 FALLIYI G DLTE WITHIYI ONE I"EAR 2024 2023 Social security Costs and other ta¥¢s AccTued expen5¢S Department OF Education IDE) Q4 underspend (See N￿e O) 4,263 82 4,321 23 4,345 4,344 13. CREDITORS: AfvIOLINTS FALLING DL'E AFfER ￿[oRE THAN ONE I'EAR 2024 2023 Capital grant reserve: Balance ai Isi April 202) Received ill year 387 664 387 12191 664 1277) Credit for the year Balance ai 3 Isi March 2024 168 387 14. ANALTr'SIS OF NET ASSETS BETIVEEN FiINDS Tangible Debto Cash at Bank and Assets Prepayments in Hand CreditOf5 and A￿rual5 Transfers benveen Funds 2024 2023 Unre51ricted Funds 54.191 12051 53,986 53,112 R¢stricted Funds- DE COJY Funding 831 1.013 21.768 {4.i13) 205 19,304 19,304 Restricted Funds- Other Funding Total Funds 8il 1.013 75.959 14.5 IJ} 73.290 72,416 15. RECONCILI.4TION OF OPEIL4TINC PROFIT TO YI ET CASH FLOW FROM OPEIUTING ACTIVITIES FROI¥I OPERATINI G ACTIVITIES 2024 2023 Op¢rating Surplus/{Deficiil for the year Depreciation Movement in debtois MoveEnent in credEtors Gain on inve5trnents IProfitllLoss on disposal of Fixed Assets DE Core resuicied funds brought foward utilised in cutr¢nt year Investment income 874 219 226 {2181 (3231 277 1751 141 Net cash intlowlloufflowl from operating actKvities I,ioi 20 Page?] CL.4NJ MOR SI'RESTART OTES TO THE FINA. IA .4TEIIEIYTS R THE I'E.4R ENDtD Ji%r MARCH 2024 Ner.IloYemenf irt Futtds 2•Z4 Utili54tion of DE Re5tricttd R¢krve5 Brought F￿rward Tr￿￿fel5 Bajaoee ts¢•mt E4*lldilurr ZO24 Zfj23 UnreMri¢ted Funds 6212 {5.33S) 874 53.986 Re5thded Funds l.f¢eAKalys&¥B