CLAN MOR SURESTART FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ( A COMPANY LIMITED BY GUA114NTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1045311 CHARITY REGISTRATION NUMBER NIC 105001 AEH7G2CI 1111212025 . COMPANIES HOUSE A28
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O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
CLAN MOR SURESTART FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CONTENTS Page Balance sheet Notes to the financial statements
CLAN MOR SURESTART BALANCE SHEET AS AT 31ST MARCH 2025 2025 2024 FIXED ASSETS Tangible assets 658 831 CURRENT ASSETS Debtors and prepayments Cash at bank Cash in hand 1,038 70,096 1,013 75,959 71,134 76,972 Creditors: amounts falling due within one year (4,192) (4,345) NET CURRENT ASSETS/(LIABILITIES) 66,942 72,627 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES ) 67,600 73,458 Creditors: Vdmounts falling due after more than one year (168) NET ASSETSI(LIABILJTIES) 67,600 73,290 FUNDS: ENDOWNMENT FUNDS uNRESTRlED INCOME FUNDS 48,296 53,986 RESTRICTED INCOME FUNDS 19J04 19,304 67,600 73,290 The directors of the company have elected not to include a copy of the profit and loss account within the financial statement5. These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies, regime, The financial statements were approved by the board of directors and authorised for issue on 22nd September 2025 and are signed on its behalf by: Da- g cskn. DANNY POWER DIRECTOR ELIZABETH MCSHANE DIRECTOR DATE ??nd September 2U75 COMPANY REGISTRATION NUMBER IYI U45311 Page 2
. CLAN MOR SURESTART NOTES TO THE FAlNCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 202S 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: Ststement 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 entitlemenl to the funds. any perforn]ance conditions attached to the item(s) of income have been met, 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 nomially 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 osts 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 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 3
CLAN MOR SURESTART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 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 200/0 residual value 250/0 residual value Repairs 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 recogn ised 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 nomially 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 recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently rneasured at amortised cost using the eff¢Gtive 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 4
CLAN MOR SURESTART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST lRcll 2025 STATEMENT OF ACCOUNTING POLICIES. Fund Accounting 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 specific ture 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. Reserv¢$ 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 guidance also provides details of a new reserves policy. Sure Start Projects are perniitted 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. Page 5
CLAN MOR SURESTART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 19. UNRESTRICTED INCOME FUNDS 2025 2024 Balance at 1st April 2024 53,986 53,112 Incoming resources for the year Resources expended for the year Transfer between funds 6,212 (5,690) (5,338) Balance at 3 Isl March 2025 48,296 53,986 20. RESTIUCTED INCOME FUNDS 2025 2024 Balance at 1st April 2024 19.304 19,304 Reallocation of brought forward fund5 to current year Incoming resources for the year Resources expended for the year Transfer between funds 673.702 612,456 (673,702) (612,456) Balance at 3 1st March 2025 19,304 19,304 3. LEGAL STATUS Clan Mor Surestart is a Company Limited by Guarantee.. 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 infomiation in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006: The auditovs report was unqualified. The senior statutory auditor was Lawrence Shearer FCA. The auditor was O'Hara Shearer Chartered Accountants & Statutory Auditors. 5. APPROVAL OF ACCOUNTS The financial statements were approved by the director5, on 22nd September 2025. Page 6