**Charity registration number NIC105848**
**Company registration number NI033207 (Northern Ireland)**
## **START360 LTD**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **START360 LTD**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr G Walls||
|---|---|---|
||Ms K Higgins||
||Mr N Hutchinson||
||Ms P Logue||
||Ms P Browne||
||Mr A Clarke||
||Ms Y Cowan||
||Dr G Neill||
||Mr G Milling||
||Mrs S M McIlveen|(Appointed 30 January 2024)|
|**Secretary**|Ms P Logue||
|**Charity number**|NIC105848||
|**Company number**|NI033207||
|**Registered office**|6-10 William Street||
||Belfast||
||BT1 1PR||
|**Auditor**|GMcG BELFAST||
||Chartered Accountants & Statutory|Auditor|
||Alfred House||
||19 Alfred Street||
||Belfast||
||BT2 8EQ||
|**Bankers**|Santander||
||Bridle Road||
||Bootle||
||Merseyside||
||L30 4GB||
|**Solicitors**|Edwards & Co||
||28 Hill Street||
||Belfast||
||BT1 2LA||
||A&L Goodbody Northern Ireland||
||42-46 Fountain Street||
||Belfast||
||BT1 5EF||
**START360 LTD**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 7|
|Independent auditor's report|8 - 13|
|Statement of financial activities|14|
|Balance sheet|15|
|Statement of cash flows|16|
|Notes to the financial statements|17 - 33|
## **START360 LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024**
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)".
## **Objectives and activities**
The objects of the charity are to promote the benefit of the inhabitants of Northern Ireland without distinction of sex, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common attempt to relieve poverty, advance education, preserve and protect health and provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
Operating with a multi-disciplinary team on a cross-community, regional basis, Start360 has a proven track record as a lead provider of flagship holistic interventions for its service users.
The Charity’s objects (“Objects”) are specifically restricted to the following: -
To provide for the benefit of the public:
1. Assistance through mentoring, counselling, group work, advocacy and other intervention, diversionary and support programmes and activities to youths and/or adults who:
- have experienced problems related to their misuse of alcohol, drugs or other harmful substances or are considered at risk of such misuse;
- suffer, or at risk of, isolation or exclusion from their communities;
- face barriers to employment;
- experience other forms of disadvantage, including emotional and behavioural problems.
2. Support services for the families of such persons.
3. Consultancy services to organisations, agencies and institutions that have an interest in furthering these Objects.
4. Access to criminal justice services.
5. Access to mental health services.
Start360 provides a range of interventions to young people, adults and their families – including those who have issues with substance use, who are isolated from their communities, who offend, who face barriers to employment or who experience other forms of disadvantage.
The charity's activities include one-to-one work, group work, mentoring, counselling, complementary therapies and residential experiences.
The beneficiaries are disadvantaged young people, adults and families. They have one or more of the following issues in their lives – substance use by themselves or family members, mental ill health, unemployment, being in and/or leaving care, being in and/or leaving custody, coming to the attention of the PSNI or social services, or general disengagement from the local community. The communities of the service users and the wider public also benefit through substantial savings to the public purse.
Start360 does not charge any fees. No harm comes from its purposes and no private benefit occurs. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **START360 LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Achievements and performance**
## _Significant activities and achievements against objectives_
Start360, in consultation with staff, senior management and Board developed a strategic plan for 2022-2025. The core strategic aims are focused on quality service delivery, service development and innovation, and influencing public policy. To measure success against these Strategic Aims Start360 implemented a Scorecard to highlight the series of measures, targets and initiatives which, when acted on, will ensure this plan continues to be delivered and reviewed over the remaining period.
The 2023-2024 organisational scorecard provides more detail on how Start360 delivered on strategic priorities in the financial year across four reporting areas.
## 1. Service Users and Stakeholders
Achievements and performance toward ‘Service Users and Stakeholders’ in 2023-24 were as follows but not limited to:
- Throughout the year, various support groups such as SMART, SMART Family and Friends, and Parent Support Groups were held to provide quality services to those in need.
- Services were adapted based on feedback from three focus groups covering Health, Justice, and Employability.
- Start360's presence was effectively highlighted through participation in numerous external strategic forums, including all DACT meetings, PLIG, and the Children and Young People's Strategic Planning Group.
## 2. Processes and Operations
Achievements and performance toward ‘Processes and Operations’ in 2023-24 were as follows but not limited to:
- A comprehensive policy review timetable was established, with 18 policies reviewed throughout the year to ensure Start360's governance and leadership align with legal standards and best practices.
- Efforts commenced on the Trusted Charities self-assessment tool to thoroughly evaluate the organisation’s quality management approach, aiming for accreditation.
- The Cyber Essentials initiative was also launched to enhance the security and protection of the organisation's data infrastructure. This new measure aims to safeguard sensitive information and ensure compliance with industry standards.
## 3. People and Innovation
Achievements and performance toward ‘People and Innovation’ in 2023-24 were as follows but not limited to:
- A detailed and mandatory Learning and Development calendar was created to ensure that staff receive effective support, management, training, and opportunities for growth.
- A Volunteer Coordinator was appointed to facilitate, support, and enhance volunteering opportunities within the organisation, also updating the volunteer strategy as part of this initiative.
- The probation and induction processes were reviewed and updated, with a new procedure implemented during the year to support staff onboarding and uphold good organisational governance.
- 2 -
## **START360 LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## 4. Finance and Resources
Achievements and performance toward ‘Finance and Resources’ in 2023-24 were as follows but not limited to:
- The organisation aimed to ensure sustainability by diversifying income, carefully evaluating business opportunities, and successfully pursuing those with the highest potential for growth and alignment with the organisation's mission. This included the development of Vision360, Start360’s new external training and support service.
- Financial resources were meticulously monitored and reviewed to ensure budget performance was aligned with strategic goals. This involved regular financial audits, and comprehensive budgeting processes.
- To foster development and innovation in the year, reserves were critically assessed for their use in response to changing needs. This period witnessed significant strides in technological advancements and process improvements regarding the Client Record Management system.
- As part of a rigorous commitment to financial governance the organisational ethical reserve policy was reviewed and agreed in year.
## **Financial review**
The results for the year are set out in detail on pages 14 to 33. The charitable company returned net income for the year of £198,793 (2023 – £292,076).
At 31 March 2024, the total funds of the charity amounted to £1,905,275 (2023 - £1,706,482) comprising restricted funds of £93,139 (2023 - £103,833) and unrestricted funds of £1,812,136 (2023 - £1,602,649).
## _Reserves policy_
Unrestricted funds are considered to be essential to provide sufficient funds to cover any unforeseen costs which may arise, and to fulfil the legal obligations of the charity in the event that current levels of income are not maintained. Unrestricted funds are needed to:
- Meet contractual liabilities should the charity have to close. This includes redundancy pay, amounts due to creditors and commitments under leases.
- To meet unexpected costs like break down of essential office machinery; staff cover in the event of illness, maternity leave, parental leave; and legal costs defending the charity’s interest.
- To replace equipment as it wears out.
- To ensure that the charity can continue to provide a stable and quality service to those who need it. Within this context to minimise recruitment, staff training, staff induction and marketing costs by avoiding the need for redundancies caused by financial crisis.
- To provide working capital when funding is paid in arrears and place the charity in a position where it could bid for funding which can be paid up to 12 months in arrears.
Start360’s reserve policy is to aim to hold reserves equivalent to three months' staff costs and three months' running costs including an estimate of redundancy and professional fees. This figure is to be reviewed on an annual basis to ensure it remains accurate and relevant within Start360’s overall financial situation. The level of free reserves at the year end was £693,111, which equates to approximately 11 weeks' expenditure.
- 3 -
## **START360 LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## Designated Funds
In summary, at 31 March 2024, the designated funds were as follows:
|**Designated Fund**|**Amount**|**Notes**|
|---|---|---|
|Central Admin Support|£37,500|This designation will allow for the provision of admin support to
address critical need and shortfall where most required across the
organisation.|
|Business Development|£37,500|This will allow the organisation to ensure continued business
development and exploration into the identification, generation
and availability of new and additional income opportunities and
streams.|
|Communications|£60,000|This designation is for the development of the communications
strategy through the appointment of dedicated comms personnel
alongside external commsguidance and expertise.|
|Volunteer
Development|£60,000|This designation is to support and enhance the volunteer offering
by covering additional delivery costs as necessary. Where
possible it is envisaged, it will sustain the delivery of the volunteer
offer if required.|
|Relocation
and
refurbishment|
£200,000|This designation is to cover property costs including any relocation
or refurbishment costs as and when required.|
|GRIT|£3,943|This relates to the remainder of funds which were designated to
facilitate the continuation and promotion of the legacy of the GRIT
service and cover anyassociated costs.|
|IT|£100,000|This designation is for consistent IT upgrades/maintenance
ensuring devices in operation across the organisation and the
client system remain fit forpurpose.|
|HR|£270,025|This designation is for general HR matters including a provision
for redundancy costs relating to the uncertainty of contracts in the
current climate andpotential redundancycosts.|
## **Risk management**
The trustees have conducted a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. Significant external risks in relation to funding have led to the development of a strategic plan, which will allow for the diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
- 4 -
## **START360 LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Plans for future periods**
Priority Areas for 2024-25
## **Service Users and Stakeholders**
- Deliver quality services to those most in need by organising support/engagement groups throughout the year, capturing service user survey data and conducting an external piece of research based on Start360’s services and interventions.
- Shape public policy and advance Start360 by participating in strategic external forums.
- Promote Start360 effectively by appointing a Communications and Engagement Officer and operationalising Start360’s Communications Strategy.
## **Processes & Operations**
- Governance review and improvement by regularly reviewing the governance of the organisation and developing, implementing, and reviewing a quality management system.
- Analyse information provided by Start360’s clients and continue to develop how Start360 measures and reports on the impact of its work.
- Effectively utilise technology to meet business need by ensuring staff competency with the new Client Record Management System, mapping the organisations data structure and advancing into new areas of technology including AI.
## **People and Innovation**
- Establish and implement a comprehensive, mandatory, and service-specific Learning and Development calendar for staff and volunteers to deliver safe and effective services.
- Develop volunteer roles, promote volunteering opportunities, and seek funding to sustain and develop our Volunteer Service.
- Monitor and audit the induction and probation process, developing monthly reporting, and enhancing leavers checklist. Ensure compliance with legislation and safe service delivery.
- Further develop Start360’s Corporate Partnership offer.
## **Finance & Resources**
- Support the sustainability of the organisation by exploring opportunities across Corporate Partnerships, Charity Partnerships, and the monetisation of existing services.
- Maintain robust financial management practices to support the organisation's aims and priorities.
- Implement a sustainable Salary Policy to ensure that Start360 has the staff in place to deliver quality services.
## **Structure, governance and management**
Start360 is a company limited by guarantee and does not have a share capital. It is governed by its Memorandum and Articles of Association and the liability of each member is limited to an amount not exceeding £1.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr G Walls
Ms K Higgins Mr N Hutchinson Ms P Logue Ms P Browne Mr A Clarke Ms K Gilliland (Resigned 13 June 2023) Ms Y Cowan Dr G Neill Mr G Milling Mrs S M McIlveen (Appointed 30 January 2024)
- 5 -
## **START360 LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## _Recruitment and appointment of trustees_
The charity is administered by the board of trustees. Trustees are sought according to the need to fill skills or diversity gaps. Suitable candidates are nominated by current board members, and are then appointed through joint agreement from the full board of trustees. Induction and training events are organised according to need.
## _Organisational structure_
The Senior Leadership Team (SLT) is responsible for the day to day running of the charity, led by the Chief Executive, Mr Danny McQuillan.
## **Statement of Trustees' responsibilities**
The trustees, who are also the directors of Start360 Ltd for the purpose 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
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 Charities SORP;
- make judgements and estimates 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; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Auditor**
In accordance with the company's articles, a resolution proposing that GMcG BELFAST be reappointed as auditor of the company will be put at a General Meeting.
## **Small companies exemption**
In preparing this report, the directors have taken advantage of the small companies exemption provided by section 415A of the Companies Act 2006.
- 6 -
START360 LTD
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Dlsclosure of Informatlon to audltor
Each of the IDJsl¢es has conflrmed that there is no InfotTnation of which they are aware whlch Is rel8vant to the
audlt, but of whleh the auditor is unaware. They have further confirmed that they have taken appropriate steps to
Identify such relevant Infomalion and to 8Stabllsh that the auditor is aware of such information.
The Trustees, report was approved by the 8oard ol TTUStees.
Clarke
ChaIrr$On
## **START360 LTD**
## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF START360 LTD**
## **Opinion**
We have audited the financial statements of Start360 Ltd (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes 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 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (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 31 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 United Kingdom Generally Accepted Accounting Practice; and
- 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 _Auditor's responsibilities for the audit 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 concern**
In auditing the financial statements, 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 issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
- 8 -
## **START360 LTD**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF START360 LTD**
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, 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.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of our audit:
- the information given in the Trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
- the directors' report included within the Trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report 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 directors' report included within 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:
- 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 statements 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; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a strategic report.
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## **START360 LTD**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF START360 LTD**
## **Responsibilities of trustees**
As explained more fully in the statement of Trustees' 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 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 related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
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 error, and to issue an auditor's 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
- 10 -
## **START360 LTD**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF START360 LTD**
## **Extent to which the audit was considered capable of detecting irregularities, including fraud**
We identify and assess the risks of material misstatement 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 potential risks of material misstatement in respect of irregularities, including fraud and non-compliances with laws and regulations, we considered the following:
- The nature of the industry and sector, control environment and business performance, including the company’s remuneration policies for directors, bonus levels and performance targets, if any;
3. Results of our enquiries of management about their own identification and assessment of the risks of irregularities;
4. Any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to:
- Identifying, evaluating and complying with laws and regulations and whether they were aware of any instance of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and
- The internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
5. The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in income recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, and local tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.
- 11 -
## **START360 LTD**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF START360 LTD**
## **Audit response to risks identified**
Our procedures to respond to the risks identified included the following:
- Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- Enquiring of management concerning actual and potential litigation and claims;
- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- Reading minutes of meetings of those charged with governance and reviewing correspondence with tax authorities; and
- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of irregularities, as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
- 12 -
## **START360 LTD**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF START360 LTD**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company'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 charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
## **Mr Nigel Moore FCA (Senior Statutory Auditor) for and on behalf of GMcG BELFAST**
12 December 2024
## **Chartered Accountants Statutory Auditor**
Chartered Accountants & Statutory Auditor
Alfred House 19 Alfred Street Belfast BT2 8EQ
- 13 -
## **START360 LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
3,394
-
Charitable activities
**4**
230,692
3,032,327
Other trading activities
**5**
3,559
-
Investments
**6**
85,863
-
**Total income**
323,508
3,032,327
**Expenditure on:**
Raising funds
**7**
815
-
Charitable activities
**8**
250,402
2,905,825
**Total expenditure**
251,217
2,905,825
**Net income**
72,291
126,502
Transfers between
funds
137,196
(137,196)
**Net movement in**
**funds**
**10**
209,487
(10,694)
**Reconciliation of funds:**
Fund balances at 1 April 2023
1,602,649
103,833
**Fund balances at 31 March**
**2024**
1,812,136
93,139|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
3,394
11,825
75,000
3,263,019
255,785
2,977,886
3,559
6,767
1,167
85,863
33,258
-
3,355,835
307,635
3,054,053
815
801
-
3,156,227
231,420
2,837,391
3,157,042
232,221
2,837,391
198,793
75,414
216,662
-
165,213
(165,213)
198,793
240,627
51,449
1,706,482
1,362,022
52,384
1,905,275
1,602,649
103,833|**Total**
**2023**
**£**
86,825
3,233,671
7,934
33,258|
|---|---|---|
|||3,361,688|
|||801
3,068,811|
|||3,069,612|
|||292,076
-|
|||292,076
1,414,406|
|||1,706,482|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 14 -
START360 LTD
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Noto•
Fixed as50ts
Tangible a5sels
14
119.262
140,570
Current ass•ts
Debtors
Cash deposits
Cash al bank and In hand
15
118,148
659,023
1,218,284
194.876
160.000
1,530,890
1.995.455
1.885,766
Credltorg: amounts lalllng du• wlthln
ong ar
17
(209,442)
(319.854)
Nat CL¥renl 05S8t8
1,786,013
1.565,912
Tolal ass•ts l••s curr•nl Il•blllti
l.W5.275
1,706,482
In¢om• lund•
RestrfGted funds
93.139
103.833
De51gnal8d funds
General unrestricted funds
21
768,968
1,043,188
768,968
833,681
1.812,136
1,602,849
1.905.275
1.706,482
fln8ndal slalemenis h8v8 been pr•pared In a¢6ra8nc• wllh the pro510n appllcable to MPanIeS subject
to $rnall companles rogime.
The fjn8nclal ststemenl8 wern approved by the TTrjSt on ..
J-A
M5 P Brovme
Trustserrreasurer
Iwke
Ch•irper•on
Company reglstratlon numbor N1033207
-15-
## **START360 LTD**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024**
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
**30**
**Investing activities**
Purchase of tangible fixed assets
Investment income received
**Net cash generated from investing**
**activities**
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**
**Relating to:**
Cash at bank and in hand
Short term deposits included in current asset
investments|**2024**
**£**
**£**
123,470
(22,916)
85,863
62,947
-
186,417
1,690,890
1,877,307
1,218,284
659,023|**2023**
**£**
**£**
277,685
(1,241)
33,258
32,017
-
309,702
1,381,188
1,690,890
1,530,890
160,000|**2023**
**£**
**£**
277,685
(1,241)
33,258
32,017
-
309,702
1,381,188
1,690,890
1,530,890
160,000|
|---|---|---|---|
||||309,702
1,381,188|
||||1,690,890|
||||1,530,890
160,000|
- 16 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
## **Charity information**
Start360 Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 6-10 William Street, Belfast, BT1 1PR.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 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.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 17 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies (Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements depreciated over the term of the lease Fixtures and fittings 25% per annum straight line Computers 25% per annum straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
- 18 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies (Continued)**
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 19 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **Critical judgements**
## **Restricted and unrestricted funds**
Judgements are made in relation to allocation of income and expenditure to restricted and unrestricted funds. The directors consider it appropriate to allocate these funds based on interpretation of the terms of grants and donations received. The charity is able to generate a surplus on some of the projects that are funded by income that the trustees consider to be restricted. Any surplus earned on such projects is transferred to unrestricted funds when the relevant services have been delivered in full and the trustees are satisfied that no amounts will become repayable.
## **Key sources of estimation uncertainty**
## **Fixed assets**
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful lives is included in the accounting policies.
## **Debtors**
Short term debtors are measured at transaction price, less any impairment. Impairment of such debtors involves some estimation uncertainty.
## **3 Income from donations and legacies**
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Donations and gifts|3,394|-|3,394|11,825|75,000|86,825|
- 20 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
|**4**
**Charitable activities**
**Health Employability**
**2024**
**2024**
**£**
**£**
Performance related
grants
2,491,634
203,942
Less: deferred income
44,672
-
2,536,306
203,942
Analysis by fund
Unrestricted funds
-
81,124
Restricted funds
2,536,306
122,818
2,536,306
203,942
**For the year ended 31 March 2023**
Unrestricted funds
-
78,351
Restricted funds
2,468,798
204,117
2,468,798
282,468
**Performance related grants**
Public Health Agency -
Health
1,538,443
-
Employability
-
81,124
Probation Board for
Northern Ireland
-
-
ASCERT
275,007
-
Department of Justice
-
-
AD:EPT
638,183
-
Switch onto Employment
-
-
Prison Arts
-
-
YouthStart
-
122,818
Thrive
-
-
Other
40,001
-
2,491,634
203,942|**Justice**
**Core Support**
**2024**
**2024**
**£**
**£**
405,180
118,641
19,783
(20,833)
424,963
97,808
87,950
61,618
337,013
36,190
424,963
97,808
115,494
61,940
295,868
9,103
411,362
71,043
-
-
-
-
98,027
-
-
-
60,138
-
-
-
-
-
32,732
-
-
-
214,283
-
-
118,641
405,180
118,641|**Total**
**2024**
**£**
3,219,397
43,622
3,263,019
230,692
3,032,327
3,263,019
1,538,443
81,124
98,027
275,007
60,138
638,183
-
32,732
122,818
214,283
158,642
3,219,397|**Total**
**2023**
**£**
3,150,307
83,364|
|---|---|---|---|
||||3,233,671|
||||255,785
2,977,886|
||||3,233,671|
||||255,785
2,977,886|
||||3,233,671|
||||1,551,117
78,351
142,000
253,090
50,016
626,041
204,117
37,739
-
-
207,836|
||||3,150,307|
- 21 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **5 Income from other trading activities**
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Other generated income|3,559|-|3,559|6,767|1,167|7,934|
## **6 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Interest receivable|85,863|33,258|
## **7 Raising funds**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Fundraising and publicity|||
|Other fundraising costs|815|801|
||815|801|
- 22 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
|**8**
**Charitable activities**
Staff costs
Depreciation and
impairment
Other costs
Share of support costs (see
note 9)
Share of governance costs
(see note 9)
**Analysis by fund**
Unrestricted funds
Restricted funds
**For the year ended 31 March**
Unrestricted funds
Restricted funds
**9**
**Support costs**
Staff costs
Depreciation
Other costs
Audit fees
Analysed between
Charitable activities|**Health Employability**
**2024**
**2024**
**£**
**£**
1,615,565
129,090
-
217
445,460
31,761
2,061,025
161,068
335,182
21,948
-
-
2,396,207
183,016
-
81,370
2,396,207
101,646
2,396,207
183,016
**2023**
-
76,459
2,329,353
204,726
2,329,353
281,185||**Justice**
**Core Support**
**2024**
**2024**
**£**
**£**
317,411
35,222
-
36,931
71,493
-
388,904
72,153
55,513
53,294
-
7,140
444,417
132,587
104,495
64,537
339,922
68,050
444,417
132,587
105,681
49,280
296,468
6,844
402,149
56,124
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
391,057
-
7,076
-
67,804
-
-
7,140
465,937
7,140
465,937
7,140|**Total**
**2024**
**£**
2,097,288
37,148
548,714
2,683,150
465,937
7,140
3,156,227
250,402
2,905,825
3,156,227
**2024**
**£**
391,057
7,076
67,804
7,140
473,077
473,077|**Total**
**2023**
**£**
2,063,318
31,271
467,935|
|---|---|---|---|---|---|
||||||2,562,524
498,787
7,500|
||||||3,068,811|
||||||231,420
2,837,391|
||||||3,068,811|
||||||231,420
2,837,391|
||||||3,068,811|
||||||**2023**
**£**
420,694
7,818
70,275
7,500|
||||||506,287|
||||||506,287|
Governance costs includes payments to the auditors of £5,850 (2023 - £5,580) for audit fees.
- 23 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
|**10**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the audit of the charity's financial statements|5,850|5,580|
||Depreciation of owned tangible fixed assets|44,224|39,089|
## **11 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **12 Employees**
The average monthly number of employees during the year was:
|Administration and finance
Management
Direct delivery
Total
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£70,001 to £80,000
**Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
Aggregate compensation|**2024**
**Number**
7
4
72
83
**2024**
**£**
2,220,034
206,893
61,418
2,488,345
**2024**
**Number**
1
**2024**
**£**
287,925|**2023**
**Number**
8
4
69|
|---|---|---|
|||81|
|||**2023**
**£**
2,202,878
200,092
81,042|
|||2,484,012|
|||**2023**
**Number**
-|
|||**2023**
**£**
289,809|
- 24 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **12 Employees (Continued)**
The charity considers its management team, made up of five members of staff, to represent the Key Management Personnel.
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **14 Tangible fixed assets**
|**Leasehold**
**improvements**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 April 2023
176,809
124,524
Additions
-
9,608
Disposals
-
(81,790)
At 31 March 2024
176,809
52,342
**Depreciation and impairment**
At 1 April 2023
101,884
124,524
Depreciation charged in the year
18,349
91
Eliminated in respect of disposals
-
(81,790)
At 31 March 2024
120,233
42,825
**Carrying amount**
At 31 March 2024
56,576
9,517
At 31 March 2023
74,925
-
**15**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**Computers**
**Total**
**£**
**£**
289,633
590,966
13,308
22,916
(171,472)
(253,262)
131,469
360,620
223,988
450,396
25,784
44,224
(171,472)
(253,262)
78,300
241,358
53,169
119,262
65,645
140,570
**2024**
**2023**
**£**
**£**
56,694
92,352
61,454
102,524
118,148
194,876|
|---|---|
- 25 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **16 Cash deposits**
Flagstone portfolio
|**2024**|**2023**|
|---|---|
|**£**|**£**|
|659,023|160,000|
The Flagstone portfolio represents bank deposits that mature after more than three months. Deposits are held with a number of banks and managed through the Flagstone client platform.
The comparative figure was included within cash at bank in the prior year accounts and has been represented in these financial statements for presentational purposes.
## **17 Creditors: amounts falling due within one year**
|**Notes**
Other taxation and social security
Deferred income
**18**
Trade creditors
Other creditors
Accruals and deferred income
**Deferred income**
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024|**2024**
**2023**
**£**
**£**
42,830
43,985
40,853
83,391
89,516
50,776
11,362
12,892
24,881
128,810
209,442
319,854
**2024**
**2023**
**£**
**£**
40,853
83,391
**2024**
**2023**
**£**
**£**
40,853
83,391
83,391
168,234
(81,474)
(141,614)
38,936
56,771
40,853
83,391|**2023**
**£**
43,985
83,391
50,776
12,892
128,810|
|---|---|---|
|||319,854|
|||**2023**
**£**
83,391|
|||**2023**
**£**
83,391|
|||83,391|
## **18 Deferred income**
- 26 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
|**19**|**Retirement benefit schemes**|||
|---|---|---|---|
|||**2024**|**2023**|
||**Defined contribution schemes**|**£**|**£**|
||Charge to profit or loss in respect of defined contribution schemes|61,418|81,042|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **20 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|ASCERT
Thrive
AD:EPT
PHA
Vision 360
RDV Project
PBNI
Small projects
Hagan Homes
YouthStart
**Previous year:**
ASCERT
Thrive
AD:EPT
PHA
Switch on Employment
Co-Operation Ireland
Princes Trust
Futures
Education Authority
RDV Project
PBNI
Small projects
Hagan Homes|**At 1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
-
275,007
(277,421)
-
238,986
(238,986)
-
638,183
(638,183)
28,833
1,583,116
(1,440,603)
-
29,167
(31,042)
-
40,000
(40,000)
-
98,027
(100,936)
-
7,023
(6,453)
75,000
-
(30,554)
-
122,818
(101,647)
103,833
3,032,327
(2,905,825)
**At 1 April**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
-
253,090
(253,090)
-
153,868
(153,868)
-
626,041
(626,041)
30,328
1,506,445
(1,367,000)
-
204,684
(204,684)
-
-
(41)
-
25,497
(25,497)
22,056
-
-
-
3,714
(3,714)
-
57,726
(57,726)
-
142,600
(142,600)
-
5,388
(3,130)
-
75,000
-
52,384
3,054,053
(2,837,391)|**Transfers**
**At 31 March**
**2024**
**£**
**£**
2,414
-
-
-
-
-
(143,824)
27,522
1,875
-
-
-
2,909
-
(570)
-
-
44,446
-
21,171
(137,196)
93,139
**Transfers**
**At 31 March**
**2023**
**£**
**£**
-
-
-
-
-
-
(140,940)
28,833
-
-
41
-
-
-
(22,056)
-
-
-
-
-
-
-
(2,258)
-
-
75,000
(165,213)
103,833|**Transfers**
**At 31 March**
**2024**
**£**
**£**
2,414
-
-
-
-
-
(143,824)
27,522
1,875
-
-
-
2,909
-
(570)
-
-
44,446
-
21,171
(137,196)
93,139
**Transfers**
**At 31 March**
**2023**
**£**
**£**
-
-
-
-
-
-
(140,940)
28,833
-
-
41
-
-
-
(22,056)
-
-
-
-
-
-
-
(2,258)
-
-
75,000
(165,213)
103,833|
|---|---|---|---|
||||103,833|
- 27 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **20 Restricted funds (Continued)**
See notes 26-29 for explanatory notes to the funds.
## **21 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|Designated funds
General funds
**Previous year:**
Designated funds
General funds|**At 1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
768,968
-
-
833,681
323,508
(251,217)
1,602,649
323,508
(251,217)
**At 1 April**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
798,943
-
(29,975)
563,079
307,635
(202,246)
1,362,022
307,635
(232,221)|**Transfers**
**At 31 March**
**2024**
**£**
**£**
-
768,968
137,196
1,043,168
137,196
1,812,136
**Transfers**
**At 31 March**
**2023**
**£**
**£**
-
768,968
165,213
833,681
165,213
1,602,649|**Transfers**
**At 31 March**
**2024**
**£**
**£**
-
768,968
137,196
1,043,168
137,196
1,812,136
**Transfers**
**At 31 March**
**2023**
**£**
**£**
-
768,968
165,213
833,681
165,213
1,602,649|
|---|---|---|---|
||||1,602,649|
See note 26 for explanatory notes to the funds.
## **22 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Tangible assets
119,262
-
Current assets/(liabilities)
1,692,874
93,139
1,812,136
93,139|**Total**
**2024**
**£**
119,262
1,786,013|
|---|---|
||1,905,275|
- 28 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **22 Analysis of net assets between funds (Continued)**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 March 2023:**
Tangible assets
140,570
-
Current assets/(liabilities)
1,462,079
103,833
1,602,649
103,833|**Total**
**2023**
**£**
140,570
1,565,912|
|---|---|
||1,706,482|
## **23 Financial commitments, guarantees and contingent liabilities**
A portion of grants received may become repayable if the company fails to comply with the terms of letter of offer.
## **24 Operating lease commitments**
## **Lessee**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2024**
**£**
63,000
112,545
175,545|**2023**
**£**
58,811
154,384|
|---|---|---|
|||213,195|
## **25 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 29 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **26 Explanatory notes to the funds**
## **Unrestricted Funds**
## General Reserves
This fund includes all core funding that the charity receives and is expendable at the discretion of the directors for the general purposes of the charity. In addition, funds may be held in order to finance capital investment and working capital.
## Designated Funds
Central admin support - £37,500 has been designated to allow for the provision of admin support to address critical need and shortfall where most required across the organisation.
Business development - £37,500 has been designated to ensure continued business development and exploration into the identification, generation and availability of income generation opportunities and streams.
Communications - £60,000 has been designated towards the development of the communications strategy through the appointment of dedicated comms personnel alongside external comms guidance and expertise.
Volunteer development - £60,000 has been designated to support and enhance volunteer offering by covering additional delivery costs as necessary. Where possible it is envisaged it will sustain the delivery of the volunteer offer if required.
Relocation & refurbishment costs - £200,000 has been designated as part of the relocation/refurbishment strategy to cover property costs as and when required.
GRIT - £3,943 relates to the remainder of funds that were designated to facilitate the continuation and promotion of the legacy of the GRIT service and cover any associated costs.
I.T - £100,000 has been designated for consistent IT upgrades/maintenance ensuring devices in operation across the organisation and the client system remain fit for purpose.
H.R - £270,025 has been designated for HR matters. Additionally, includes designation around the uncertainty of contracts in the current climate and potential redundancy costs etc.
- 30 -
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **START360 LTD**
## **27 Explanatory notes to the funds (continued)**
## **Restricted Funds**
## THRIVE
The Start360 THRIVE (Throughcare Health & Recovery Interventions Valuing Emotional wellbeing) regional service has been designed to engage clients and their families at the pre and post release stage. Support will begin in prison and be available to those who present with mental ill-health as their primary issue. The service is designed to meet the needs of those who engage with the service in-line with the funding priorities detailed in the NI Mental Health Strategy 2021-2031.
## AD:EPT
AD:EPT is a service provided by Start360 funded by the South Eastern Health and Social Care Trust and is delivered in partnership with the Trust and the Northern Ireland Prison Service. AD:EPT is a comprehensive substance misuse service providing a multi component model of delivery. It offers a range of services to people in custody who have problems associated with the misuse of substances.
## PHA
Funding from PHA covers a number of services:
## _a) DAISY - Youth Treatment Service_
DAISY (Youth Treatment Service) is delivered in partnership between ASCERT and Start360, and funded by the Public Health Agency. It provides person-centered programmes for young people and young adults to help reduce the harm caused by their substance misuse. The service offers direct work with the young person through therapeutic mentoring, individual counselling, therapeutic group work and therapeutic play work. Also, DAISY works with the whole family through one to one parent/carer support and systemic family interventions. The service operates in Belfast, South Eastern, Northern and Western Health and Social Care Trust areas.
## _b) Targeted Life Skills Service_
The Targeted Life Skills Service is for young people aged 11-21 years, who are deemed at risk of misusing drugs and/or alcohol. The service delivers a bespoke life skills & harm reduction programme, based on the needs of the group. These skills based education programmes are expected to positively influence a person’s ability to adopt safer behaviours. Start360 delivers this service in the Northern (in partnership with ASCERT) and Southern Health & Social Care Trust areas. The programme is normally delivered over 4 – 8 sessions. The courses are interactive and designed to cater the needs of all young people, taking into account their age and learning ability.
## _c) YES (Youth Engagement Service)_
Funded by the Public Health Agency, YES is a drop-in centre and social space for people aged 15-25, with a focus on promoting positive health and lifestyle choices. Offering information, advice and support on a range of issues including emotional health and well-being, relationships, confidence and self-esteem, and drugs and alcohol. It is also a space for people to come and socialise, while at the same time finding assistance on wider issues including employment support and signposting to other services.
## _d) Protect Life_
Start360 delivers Protect Life in three regions: Southern Health and Social Care Trust, South and East Trust and Belfast Trust Areas. Protect Life provides mentoring support for young people who are at risk of Suicide or Self Harm to help them address their specific issues.
- 31 -
## **START360 LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **28 Explanatory notes to the funds (continued)**
## e _) Connections_
Connections is the development and delivery of an integrated education and prevention plan to raise awareness of the impact of drugs and alcohol locally, under the direction of the PHA and DACTs. Start360 delivers this service in the Northern and Southern Trust areas.
## Connections will:
- Support existing and develop new initiatives that address alcohol and drug related harm in urban and rural areas, including inter-agency/cross partnership working with relevant partners, including Policing and Community Safety Partnerships.
- Ensure that the Drug and Alcohol Monitoring Information System (DAMIS) is promoted and supported and that the Local Drugs and Alcohol and Community Incident Protocol1 is operated effectively when required.
- Advocate and promote adherence to existing legislation concerning regulation.
- Build capacity for those working and volunteering in the community sector to ensure that they have access to relevant information/resources on alcohol and drugs and that they can then provide information, support and signposting to those affected by substance misuse in their communities.
- Use local media and social media, along with PHA, service provider and partner websites to raise awareness of local alcohol and drug services, issues or concerns.
- Participate in the roll out of regional initiatives/pieces of work with the other local Community Alcohol and Drugs Information and Networking Services.
- Build on, or establish, links with existing local and community infrastructures.
## _f) Voices (Hidden Harm Service)_
Voices are therapeutic services for children, young people and families affected by parental substance misuse.
- Funded by the Public Health Agency and delivered in the Northern and Western Trust areas.
- Provides support for children and young people of substance misusing parents/adults.
- Supports the whole family unit.
- Works directly with the child or young person through therapeutic mentoring, individual counselling, group-therapy, play-therapy and systemic family intervention.
- Offers support to the substance misusing parent/adult, including brief one to one support, group therapy, and support to access and engage with local addiction specialist services.
## _g) Lads to Dads_
Lads to Dads is an accredited group work programme that provides young fathers/fathers to be within the Belfast and Northern Health and Social Care Trust with support in a variety of areas of fatherhood.
## _h) NIADA_
The Northern Ireland Alcohol and Drugs Alliance (NIADA) is funded by the PHA to:
- Allow the PHA to more effectively engage with voluntary and community service providers within the drug and alcohol sector.
- Build greater connections and coherence between agencies and service providers in the third sector.
- Develop strategic momentum in the delivery of shared strategic goals along with the statutory sector.
- Support the development of co-production and design in the delivery of drug and alcohol services.
- Increase the capacity of the third sector within a community development approach.
## Dormant Account NI – Vision360
Vision360 will diversify revenue streams, forge charity partnerships and secure social value contracts. The service will also provide comprehensive training, learning, and workforce development service.
Vision360 empowers employers and leaders to foster thriving workplaces, prioritising employee wellbeing and skills development. Our expertise spans emotional health support, workplace readiness, customised wellness plans, communication skills, and crisis response planning. Committed to equality, diversity, and inclusion, we provide essential training for compassionate and inclusive workplaces.
- 32 -
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **START360 LTD**
## **29 Explanatory notes to the funds (continued)**
## RDV Project
RDV is funded by the Royal British Legion. This project provides throughcare support to ex-service personnel who present with drug/alcohol issues and are currently in prison due to return to their community.
## PBNI
The ENGAGE Women’s Service is funded by the PBNI. This service works with females who are within the criminal justice system, either in the community or within prison. The service’s main aim is to re-engage women with their community, through mentoring support and group work.
The PBNI Protect Life service is funded by the PBNI. This service works with vulnerable young people who present with issues around problem behaviour, self-harm and suicidal ideation. Crisis mentoring is provided to meet the individual needs of vulnerable young people in order to build confidence and increase skills.
## Hagan Homes
This was a donation received to be used towards a Volunteer Development service project. This project commenced in August 2023 with the employment of Start360’s first full-time Volunteer Co-ordinator. This vital role will enable the charity to support individuals with experience of the criminal justice system, mental health issues, or substance misuse, to find increased stability in their lives through new volunteering opportunities.
## YouthStart (SOE)
YouthStart Switch onto Employment (SOE) will deliver employability and specialist life and basic skills support to grow young people’s confidence and skills, and improve their prospects to enter, sustain and progress in the labour market, reflecting government priorities/plans to address economic inactivity. YouthStart will support young people aged 16-30 to retain employment and to gain essential life and basic skills.
## Transfer between Funds
During the year ended 31 March 2024 transfers were made from restricted funds to unrestricted funds where all restricted monies had been expended towards the intended purposes. The charity is able to generate a surplus on some of the projects that are funded by income that the trustees consider to be restricted. Any surplus earned on such projects is transferred to unrestricted funds when the relevant services have been delivered in full and the trustees are satisfied that no amounts will become repayable.
|**30**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in debtors
(Decrease)/increase in creditors
(Decrease) in deferred income
**Cash generated from operations**|**2024**
**£**
198,793
(85,863)
44,224
76,728
(67,874)
(42,538)
123,470|**2023**
**£**
292,076
(33,258)
39,089
12,320
52,301
(84,843)
277,685|
|---|---|---|
## **31 Analysis of changes in net funds**
The charity had no material debt during the year.
- 33 -