A.B.B.E.Y. SURE START FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 ( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1041606 CHARITY REGISTRATION NUMBER NIC 106269 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
A.B.B.E.Y. SURE START FINANCIAL STATEMEINTS FOR THE YEAR ENDED 31ST MARCH 2023 coiYrENTS Page Members and Professional Advisors Trustees Annual Report (including the Statement of Directors Responsibilities in respect of financial statements) Report of the Independent Auditors to the Members, 8-10 Accounting Policies 11-13 Statement of Financial Activities (incorporating the income and expenditure accoun 14 Balance Sheet 15 Cash Flow Statement 16 Notes to the Financial Statements 17-23
A.B.B.E.Y. SURE START FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 OFFICERS AND OTHER INFORMATION Director& Colette Gray Councillor James Goodman Joyce Rainey Councillor William Webb Management Committee Claire Humphries Joyce Rainey Rose Montgomery Billy Webb Leah Rea Michael Goodman Debbie Williams Secretary Mary Catherine Todd Project Manager Mary Catherine Todd Registered Office 440 Shore Road Newtownabbey Co Antrim BT37 9RU Auditors O'Hara Shearer Chartered Accountants & Statutory Auditors 547 Falls Road Belfas¢ BTI19AB Solicitors James J Macaulay 2 North Street Carrickfergus BT38 7AQ Bankers Ulster Bank Limited 2 Farniley Road Glengormley Newtownabbey Co Antrim BT36 7QU Company Registrntion Number NI 041606 Charity Registration Number XR 53098 Charity Commission for Northern Ireland Registration Number NIC 106269 Page I
A.B.&E.Y. SURE START FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Opinion We have audited the financial statements of A.B.B.E.Y. Sure Start (the 'charity') for the year ended ) l March 2023 which cornprise 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 Thefinancial Reporling Siandard applicable in the UK and Republic ofJreland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the stat¢ of the charitable company's affairs as at i l March 2023 and of its incoming resources and application of r¢sources, 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 applieable 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 th¢ Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evid¢nce 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 the ISAS (UK) require us to report to you where: the trustees, use of the going concern basis of accounting in the preparation of the 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 olaccounting for a period of at least twelve tnonth5 from the date when the financial Statements are authorised for issue. Other information The other infonnation comprises the infonnation included in the annual r¢po¢ other than the financial statements and our auditoes report thereon. The trustees are responsible for the other information. Our opinion on the financial stal¢m¢nts does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not express any form of &5surance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other inforniation and, in doing so, consider whether the other infomiation 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 misstatements, we are required to deterniine whether there is a material misstatement in the financial statements or a material misstatement of the other inforniation. If, based on the work we have p¢rforn]e¢ we conclude that there is a material misstatement of thi5 Other infonnation, we are required to report that fact. We hav¢ nothing to report in this regard. Page 8
A.B.B.E.Y. SURE START FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters on which we are required lo report by exception In the light of the knowledge and understanding of the Tnte¢S and its environtnent obtained in the Course of the audit, we have not identified material misstatements in the TTUStees' Report. We have nothing to report in respect of the followino matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. sufficient accounting records have not been kept; or the financial statements are not in aoreement with the accounting records- or certain disclosure5 of trustees, remuneration specified by law are not made. or we have not received all the infonnation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities. the tnlstees. 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 beints satisfied that they give a true and fair view, and for such internal control as the director5 deterniine is necessary to enable the preparation of Iinancial statements that are free from material mi55tatemenL whether due to fraud or error. In preparino 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 company or to ce&se operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of th¢ financial statements Our objectives are to obtain reasonable a55urance about whether the financial Statements as a whole are free from material misstatement, whether due to fraud or eOr, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurdnce, 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 consTdered material if, individually or in the agtrregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, Includin fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstalernents in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including frauiL 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 to identify and asse55 the risk5 of rnaterial misstatement of the financial statements due to fraud; to obtain sulricient 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 pritnary responsibility for the prevention and detection of fraud rests with both management and those charged 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 Si(7 ifjcant 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 charged with governance and the entity's solicitors around actual and potential litigation and claims. Enquiry of entity Staff in compliance functions to identify any instances of any non-compliance with laws and regulations. Reviewincr financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulation5. Page 9
A.B.B.E.Y. SURE START FINANCIAL sTATEIENTs FOR THE YEAR ENDED JIST MARCH 202J REPORT OF THE INDEPENDEIYT AUDITOR TO THE MEMBERS, Auditing the risk of tnanagetnent override of contro15, including through testing journa] entries and other adjustments for appropriateness, and evaluating the bwsiness rntionale of significanl t[SactIOnS outside the nornial course of business. As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional sceplicism thrOUoUt the audit. We also: Identify and asses5 the risks of material tnis5tatetnent of the financial statemen1& whether due to frdud or error, dcsign and perform audit procedures re5w)nsive to ih05e risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatemeni resulting fn)m frdud is higher thark for one resulting from error. &$ fraud may involv¢ Coll10n. forgerv, inleniional omissions: misrepresentations, or the override of intemal control. Obtain an understanding of internal control relevant to thc audit in order to dc5ign audit procedures that are appropriatc in thc circumstanccs. but not for the purtX>5es of cxpressing an opinion on the effectiveness of the company's intcmal control. Evaluate the appropriateness of accounting Fxjlicies used and the reasonableness of accounting estimatcs and related disclosures made by the directo]3. Conclude on the appropriateness of the directors. use of the going concern b&si5 of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related io events or conditions that may cast signiticant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our aUdit0S rerK)rt to the related disclosures in the financial slatements or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to our auditorfs reFKTrrt. However: future events or conditions may cause the charity to cease to continue a5 a going concern. Evaluate the overall preseniation. structure and content of the financial statements, including thc disclosures. and whether the financial statements represent the underlying tran&ictions and events in a tttanncr that achieves fair presentation. A t"urther description of our resEK)nsibililie5 for thc audit of the financial statements is located on the Financial Reporting Council's wcb5ite at.. httpJ/www.frc.org.uklauditor5resrKTrn5ibilitics. This description fonns part of our auditor's report. We communicate with those charged with govemance regarding, among other matt¢J3: the planned scope and timing of the audit and significant findings, including any significant deficiencies in internal control we identify during our audit. Use of our report This report is made solely lo the charitable company's members. as a tM)dv, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and gUlationS made under that A¢t. Our audit work has been underthken so we tnight state to the charitable company's members those matters we are required to slate io them in an audilOTS' report and for no other PUTW)Se. To the fullest extent pern)itted by law, we do not accept or assume reswnsibility to anyone other than the charitable company and ils m mbers as a bod or our audit work, for this repo)t or for the opinions we have fornied. LAWRENCE SHEARER F.C.A., Senior Stgtutory Auditor FOR AND ON BEHALF OF O'HARA SHEAREIL Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI19AB D*ted: 14th Scptcmbcr 2023 Page 10
A.B.B.E.Y. SURE START FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMEwf OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting 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 perfomiance 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 Incued 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. Premises adaptations Office equipment Computer equipment 40/0 reducing balance 200/0 Strdight line 200/0 straight line Page 11
A.B.B.E.Y. SURE START FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF ACCOUNTIING POLICIES Continued Repairs and Renewals All repairs and renewals are written off as incurred. Pension Costs The charity does currently operate a defined cotLribution pension scheme. This is operated via Early Years Members Group Personal Pension Scheme in conjuction with Verity Pensions. Debtors and Prepayments Trade debtors and other debtors are recognised at the settlement amount due after any discount offered. PrepaJTnents are valued at the amount prepaid net of any trade discounts due. Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Trdnsactions in forei 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
A.B.B.E.Y. SURE START FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMEiYf OF AccouNfING POLICIES Conlinue 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 &side 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 of which is restricted to that area or purpose. Endownment funds are subject to specific conditions by donors that the capital must be maintained by the charity. The income received from funders depends on the charity meeling 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 income 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 perforn)ance conditions is recognised as earned as the related goodslservices are provided. Grant income included in this category provides funding to support perfonnance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when: feeslperfonnance related grants are received in advance of the perfonnancelevent to which they relate. Reserves Policy Restricted funds must be be utilised in compliance with funder criteria. Specifically, HSCB Department of Education Governance and Accountability guidance also provides details of a new reserves policy. Sure Start Projects are permitted to hold a m&ximum 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. The funder has also &ssumed the responsibility for meeting any dissolution costs should the Organisation ce&se to operate. Page 13
A.B.B.E.I". SI:RE ST.4RT STATEIIENT OF FINAYCI.4L Acfii'iTIES FOR THE I"E,IR ENDED 31ST )I..IRCH 2023 inco oratin the incorne and e enditvre aceounl [Inre5tritted Re5trieted EndoiTrnment TOTAL TOTAL FUd5 Fund5 FUd5 2023 2022 NOTES INCOfvIE AND ENDOwNlE1NTs FROfvI: Donations ond legacies Income from investments Income from chariiable activities Income from other trading activities 923263 923.263 893,849 TOTAL INCOfvIE AND ENDOWYI lENT5 923.263 923,263 893049 EXPEINDITI,'RE ON: Expenditure on raising funds Expenditure on charitable activities Other expenditure Net gains/llosS} on investments 924.690 924,690 887,978 TOTAL RESOURCES EXPENDED 924,690 924,690 887,978 IYET INCOfvIEIIEXPENDrruRE) (1.4271 {1.427} 5071 Transfers between funds IYET [oVE11ENT IN FUNDS (1.427 (1.427) 5.871 RECONCILIATION OF FUNDS TOTAL FUNDS BROiIGHT FORWARD 1211i115116 34,148 34,148 28277 TOTAL FUNDS CARRIED FORWARD IY13115116 32.721 32,721 34,148 Tht Stattment of Finanti#l Aetivitits in¢ludes all gains Josse5 Ill tht year therefort Stattm¢n¢ of Tol#l Reeognistd Gains and iA)&ses has n•t bee prtp#ftd All of the #bovt relate to continuithg #etivities The i¢tOUthlint 11¢1¢$ atyd the forth of these fiwth¢i*l 51ateittents Page 14
A.B.B.E.Y. SURE START BALANCE SHEET AS AT 31ST MARCH 2023 2023 2022 NOTES FIXED ASSETS Tangible assets CURRENT ASSETS Debtors and prepayments Cash at bank Cash in hand 10 16,640 27,491 670 35,347 12,688 670 44,801 48,705 Creditors: amounts falling due within one year (12,080) (14,557) NET CURRENT ASSETSI(LIABILITIES) 32,721 34,148 TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES ) 32,721 34,148 Creditors: amounts falling due after more than one year NET ASSETSI(LIABILITIES) 32,721 34,148 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 12113115 RESTRICTED INCOME FUNDS 12113116 32,721 34,148 32,721 34,148 APPROVED ON BEHALF OF THE BOARD OF DIRECTORS: JOYLPRAINEY DIRECTOR DATE 14th Se tember 2023 The accompanying accounting policies notes form part of these fillaneial ststements Page 15
A.B.B.E.Y. SURE START STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST IKARCH 2023 2023 2022 NOTES CASHFLOWS FROM OPERATING ACTIVITIES Cash generated from operations 14 14,803 (5,346) Net cash inflow/(outtlow) from operating activities 14,803 (5,346) Investing activities Investment income Purchase of tangible fixed assets Acquisition of investments Disposal of investments Disposal of tangible fixed &ssets Net cash from investlng activities Increasel{decrease) in eash and cash equivalents in the year 14,803 (5,346) Cash and cash equivalents at the beginning of the year 13,358 18,704 Cash and cash equivalents at the end of the year 28,161 13J58 Relating to: Cash at bank and in hand 28,161 13 J58 The accompanying a¢¢ounting policies 2nd notes forni part of these financial statements Page 16
A.&ILE.I'. SiIRE ST.4RT NOTESTOTHE FIYAN.CIAL ST.4TEMEYTS FOR THE Tr'E.4R ENDED31ST M..IRCH 2023 I. DONATIONS AIYD LEGACIES Uorotri¢ttd R¢$tri¢ttd Fuud$ Fuud5 Uttrt5tricted Restricle Futtds Funds 2023 2022 Donations Legucies 2. INCOME FRO[ INVESTIMEIYTS Unttsiritttd Restritted Fpud5 Fund5 Unrestricted Re51ricttd Funds Funds 2023 2022 Income from UK listed investrnents Income from cash 3. INCOfvIE FROI*I CHARrrABLE ACtivrrIES Unrestritted Restritted FndS Funds Unre5tri¢ttd R¢stri¢tt Funds Fund5 202J 2022 Health & Social Care Board- Department of Education Core Funding Health & Social Care Board- Department of Education ExpaNsion FurKiin8 Health & Social Care Board- D¢parttnent of Education Capithi Fthin8 805,079 118,184 805.079 118.184 781,630 781.630 106,219 106,219 6.000 6,000 923.263 923.263 893.849 893,849 4. INCOIWIE FROIM OTHER TRADING AcfiviTIES UDrestri¢ied Restriried FuDds Funds Unrestricted R¢51rict¢d Funds Funds 2023 2022 Fundraising Pa8e 17
B.B.E.I'. SL"RE ST.4RT NOTES TO THE FIN.4.N'C.I.4L ST.4TEMEYTS FOR THE Tr'E.4R ENDED 31ST %I.IRCH 2023 5. EXPENDITURE ON RAISING FLWDS Uttre5tricttd Rc5trict¢d FuDds Funds Uttrcstritted Restricted Funds Fund5 2023 2022 Promotional and fundra15ing Costs 6. E,XPENDITURE ON CHARITABLEAcfiviTIES Unre5tritted Restritfed Funds FuTrd5 Unrestricted Rtstri¢t¢d Funds Fund$ 2023 2022 Wages and salaries ISeeNole 81 Pension cost5 ISe¥Note J I Social security cosls ISe¥Note I I Recruitment expenses Training and developtnent Travel costs Projeet costs- accountable body Project costs- lead bY costs Project costs- project materials and equipment Project costs- PTOjeCt programm¢s. events and aCt]tieS Department of Education IDE) core funding reiraction QI UnderSd 2022123 ( Note IJ ) Sundry expenses 554.885 11,126 22,119 5.049 12,745 4.883 22.497 25,539 3.844 77.875 554.885 11.126 22.119 5.049 12.745 4.883 22,497 25.539 3.844 77.875 506,485 506,485 10,824 10,824 11,723 11.723 3.899 3,899 14.888 14.888 3.152 3.152 20,207 20,207 24,795 24,795 14.024 14,024 81.652 81.652 8.591 8,591 2,933 2,933 740562 740J62 703,173 703,173 sllprt Costs And Covtrb#nct Costs Telephone and internet Rent and rdte5 Heat and light Roorn hire Premises expense5 Pretnis¢s expense5- capital works Insurance Computer 50ftware and office equipment maintenance costs Printing. tK)5tage and stationery Advertising Repairs and maintenance Legal and professiond ftts Sub5¢rsptions Depreciation Audit fees Anllual retum fee Bank interest and charges 10.049 79.136 7.956 3,422 33.508 10.049 79.136 7.956 3,422 33.508 8.559 64.027 8,637 7.246 26,563 6,0(K) 12.473 10,709 14,645 5,654 8559 64,027 8.637 7.246 26,563 6.000 12.473 10.709 14,645 5.654 12.890 5.053 13.348 3.500 5,053 13.348 3.5(K) 6.195 4,722 6.195 4.722 11 J35 4.953 11.335 4,953 3.606 13 730 3.312 3.312 13 730 679 679 184,128 184,128 184,805 184305 TOTAL EXPENDuRE ON CHARITABLE ACrIvlEs 924,690 924,090 887,978 887,978 Page 18
A.B.B.E.Y. SURE START NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after chargingl(crediting) 2023 2022 Auditors remuneration Depreciation 3,606 3,312 8. SALARY COSTS AND EMOLUMENTS 2023 2022 Total staff costs were as follows: Wages and salaries - key management personnel Wages and salaries - other staff Pension Costs - key management personnel Pension Costs - other staff Employer social security Costs - key management personnel ETnployer social security costs - other staff Employer social security costs - Statutory Maternity Pay Recoverable Employer social security costs - Employment Allowance 41,329 513,556 41,469 465,016 11,126 4,687 25,186 (5,042) (2,712) 10,824 4,503 21,872 (10,652) {4,000) 588,130 529,032 The average monthly number of employees during the year was as follows: 2023 2022 Number 40 Number 38 No employees had emoluments in excess of £60,000 (2022: £Nil) Trustees, remuneration and benefits There was no trustees, remuneration or other benefits for the year ended 31 st March 2023. (2022: £Nil} Trustees, Expenses There were no trustees, expenses paid for the year ended 31 st March 2023. (2022: £Nil) Page 19
A.B.B.E.Y. SURE START NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 9. TANGIBLE FIXED ASSETS Premises Office Adaptations Equipment Computer Equipment Total COST As at 1st April 2022 Additions Disposals As at 3 1st March 2023 DEPRECIATION As at 1st April 2022 Charge for year Eliminated on disposal As at 3 1st March 2023 Net book value 2023 Net book value 2022 Page 20
A.B.B.E.Y. SURE START NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors Prepayments 6,472 28,875 16,640 16,640 35,347 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Social security costs and other taxes Net pay control account Accrued expenses HSCB (Department of Education) Q4 2022123 draft accumulated underspend 33 33 3,589 8,458 5,149 9,375 12,080 14,557 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Debtors Fixed and Assets Prepayments Cash at Bank and in Hand Creditors and Accruals 2023 2022 Unrestricted Funds Restricted Funds 16,640 28,161 (12,080) 32,721 34,148 Total Funds 16,640 28,161 (12,080) 32,721 34,148 Page21
A.B.&LI'. SI'RE START I OTES TO THE FIANCIAL STATE,IIEYTS FOR THE I'"EAR EDED 31ST M.4RCTrI 2023 13. lOvEIENT IIY FUNDS Net Movemtnt Its Fllnd$ 2023 Opening Balnte Tratlsfers between Fund5 Illeome EAptnditwre 2023 2022 Unttstrieted Funds Re5triet¢d Funds (SeeAnrtfjryis Bdow) 34.148 923263 {924.6) 11.427) 32,721 34.148 ,148 923,263 924,6) 11.4271 32,721 34,148 Net Movtm¢tt* in Funds 2023 Optttillg Balance Transfcrs between Funds Restricted Fund5- In¢ornt Eipthditll 2023 2022 DE Core #ttd.4dditional Fuoding: Health & Social Care Board- DE Core FwNlin8 Health & Social Care Board- DE Capital Funding 34.148 923263 I924.6)) (1.4271 32.721 34,148 Total DE Core and Additional FuDdittg X148 923263 {924.6901 11,4271 32.721 34,148 Other Reslricted Funding: Other Income Tolal Oihtr Restrictd Funding Total Restricted Funding 34,148 911.263 I924,6) {1,427 32.721 34,148 R¢trhclion of Und¢rspeiit Funding Each year quarter foul confiTmed WidersndS a8airnst Sure Start Budgets forany fiNala1 year is available to cary fonydrd into subsequent year5 and will b¢ r¢tracted by the Health and sla[ Care Board {HSCBI in th¢ next yea¥. This wif1rm quarter four undersrtnd 15 Shown a creditor IHSCB IDEII {SéeJVole IJ). 14. RECONCILIATION OF OPERATIING PROFIT TO NET CASH FLOW FROM OPERATif4G ACTIVITIES FROM OPERATING AcfiviTIES 2023 2022 OpEraiing surplU(DerlciiI for the year Depieciation Movement in debioT5 Movement in creditors Gain on investhienis IPtofitVL055 on disp)sal of Fixed Assets Retraction of DE Core te5tn¢ted funds Investment income {1.4271 5.871 18.707 12,4771 119.1741 7.957 Net C¥5b inflovlloulllowl from optrgtiDg attivilies 14,803 5,346)
A.B.B.E.Y. SURE START NOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31ST MARCH 2023 15. UNRESTRICTED INCOME FUNDS 2023 2022 Balance at 1st April 2022 Incoming resources for the year Resources expended for the year Transfer between funds Balance at 3 1st March 2023 16. RESTRICTED INCOME FUNDS 2023 2022 Balance at 1st April 2022 34,148 28,277 Incoming resources for the year Resources expended for the year Transfer between funds 923,263 893,849 (924,690) (887,978) Balance at 3 1st March 2023 32,721 34,148 17. LEGAL STATUS A.B.B.E.Y Sure Start is a Company Limited by Guarantee. Each member has agreed to contribute £ l in the event of a compulsory winding up. A.B.B.E.Y Sure Start is registered with The Charity Commission for Northern Ireland, Charity Number 106269. Date of registration 7th December 2016. A.B.B.E.Y Sure Start is a recognised Charity within the definition of Section 360(3) Income and Coojoration Taxes Act 1970 by the Commissioners of the Inland Revenue. Page 23