Dylan's Starlight Trust Annual Report and Unaudited Financial Statements for the financial period onded 31 March 2025 DNT Chartered A¢countants Chartered Accountants and Statutory Auditor Omieau House 91-97 Ormeau Road Belfast BT7 1SH Charity Number: 109694
Dylan's Starlight Trust CONTENTS Page Referen and Administrative Information Trustees, Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-13
Dylan's Starlight Trust REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Ms Helen Phillips Mr Jared Phillips Mr James Geoffrey Phillips Ms Ann Mccorry Chairperson Ms Helen Phillips Charity Number In Northern Ireland 109594 Prlncipal Address 237 Orby Drive Belfast BT5 6BE Independent Examiner DNT Chartered Accountants Chartered Ac£ountants and Statutory Auditor Omieau House 91-97 Omeau Road Belfast BT7 1SH Principal Bankers Ulster Bank 11-16 Donegall Square East BT15HD
Dylan's Starlight Trust TRUSTEES, REPORT for the financial period ended 31 March 2025 The truslees present their Trustees, Report and the unaudited financial ststemenls for the financial period ended 31 March 2025. The financial statements are prepared in accordance with the Charities Act (Northem Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. The Trustees, Report contains the inft)rmation required lo be provided in the TTuslees' Annual Report under Ihe statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charivs constitution are known as members of the board of trustees. In this report the trustees of Dylan's Stsrfight Trust present a summary of its purpose, govemance, activities, achievements and finances for the financial period 31 March 2025. Mission, Objectives and Strategy Mission Statement The charity was established in memory of Dylan Phillips who passed away in December 2021, aged 13. Dylan was bom with a complex Congenital heart defect bLrt always embraced life with positivity and courage, inspiring everyone he met to do the same. The Trust aims to continue his legacy by supporting children with congenital heart disease and their families, and those who have suffered the bereavement of a child. Obje¢tives The purposes of Ihe charity are: To promote and protect the health of children and their families affected by congenital heart disease in Northem Ireland. To advance research into the cause. diagnosis, and treatment of congenital heart disease. To provide support and assistance to relieve the mental, physical, and emotional distress of families living in Northern Ireland who have suffered the bereavement of a child. Stru¢ture, Governance and Management structure The charity is govemed by a Trust deed signed on 12th March 2023. The trust is managed on a voluntary basis by Board of Trustees who meet regulady and have responsibility for the financial management and strategic direction of the Trust. All trustees give of their time freely and no trustee remuneration was paid in the year. The tDJ5tees have all reviewed the Charity Commission of Northern Ireland ARR08 Guidance and are aware of its requirements. The trustees named above were the only ones who served throughout this reporting period. The trustees may, if required. appoint new trustees. Trustees are appointed to meet the skills. knowledge and experience needed for the effective administration of the chaiity. Every trustee must be appointed by a resolution of the trustees passed at a special meeting called under clause 15 of Ihe Trust deed. Review of Achlevements and Performance The trustees have given careful consideration to the Charity Commission for Northem Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. During this financial period the chartty carried out nurnerous fundraising events.. charity trustees and several charity supporters undertook the challenge to compete in the Belfast Cty Marathon - this included solo runners, relay teams and a group who completed the 8-mile walk., a series of craft fairs were attended at which handmade crafts were sold. the Company section of the 31Xh Boys Brigade from Orangefield Presbyterian Church carried out an exhausting 24 hour gaming marathon. In April 2024. the trustees purchased a gaming kart including a PS4 gaming system and PS4 games for the Clark Clinic hospital ward in the Royal Belfast Hospital for Sick Children (RBHSC). The trustees are very mindful of maintaining a low-cost base so that the majority of the income received can be used for the furthering of the charity's purposes. To this end, the trustees were able to secure free transportation of Ihe gaming kart from London to Belfast Wtth help from the Dixon Line who freely donated their time and expert ski115 to ensure safe transportation. The gaming kart along with the PS4 gaming system and PS4 games. was presented to staff at the Clark Clinic in June 2024. Clark Clinic is Northem Ireland's only regional inpatient unit that provides specialist (2re for children with a range of congenital heart defecls. This equipment has provided benefit to the charities beneficiaries by providing a gaming plattorm to enable children with congenital heart disease to enjoy gaming whilst in hospitsl which will help to reduce anxiety and stress and improve emotional well-being throughout their inpatient stay. A public thanks and acknowled ement of the donalion was featured in the RBHSC newsletter in July 2024.
Dylan's Starlight Trust TRUSTEES. REPORT for the financial period ended 31 March 2025 Financial Review The results for the financial period are set out on page 8 and additional notes are provided showing income and expenditure in greater detail. Results and Dividends At the end of Ihe financial peri¢Jd the chaiity has assets of £18,432 (Jun 23 £0.00) and liabilities of £250 {Jun 23 £0.00). The net liabilities of the charity have decreased by £18,182. Review of the Financial Position Through fundraising and donations the charity raised £19,908 and had a total expenditure of £1,476. A summary of the charity accounts has been provided alongside Ihe annual report. No fund held by the charity was materially in deficit at the end of the year. The trustees extend heartfelt thanks to all supporters of the charity. Reserves Position and Policy Reserves Policy The trustees aim to maintain a healthy unrestricted resetve balance to allow them to act accordingly to provide assistance to those families who require support. Principal Risks and Uncertainties The trustees regularly assess the principal risks and uncertainlies facing the charity and are satisfied that appropriate controls are in place to manage these effectively. As a volunteer-led organisation, key risks relale to financial sustainability, govemance compliance and reputational integrity. These risks are managed through close monitoring of income and expendrture, maintaining low administrative costs. adheren to ChaTity Commission for Northern Ireland guidance, and ensuring that all activities align clearly with the charity's purposes. The trustees are confident that these measures provide an effective framework for managing risk. Plans for Future Periods The trustees plan to conlinue to look for opportunities to raise funds towards the mission of Ihe charity and to utilise the resources as effectively as possible to support those children and families who are affected by congenital heart disease or who have suffered the bereavement of a child. Compliance with Se¢tor-Wide Legislation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Dylan's Starlight Trust subscribes to and is complianl with the following= The Charities SORP (FRS 102) Transactions Involving Trustees There were no expense transactions involving trustees the trustees were involved in some of the fundraising activtties wtth the funds deposited into the charity bank account. Approved by the Board of Trustees on and signed on its behalf by: Ms Helen Phillips Trustse
Dylan's Starlight Trust STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial period ended 31 March 2025 The trustees are responsible for preparing the financial statements in ac£ordance with applicable law and regulations. The law applicable to charities in Northem Ireland requires the trustees to prepare financial statements for each financial period which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial period end date and of the surplus or deficrt of the charity and otherwise comply with the Charities Act (Northem Ireland) 2008. In preparing Ihese financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently- obSee the melhods and principles in the Charities SORP., make judgements and accounb'ng estimates thal are reasonable and prudent,. state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those stsndards, and note the effect and the reasons for any material departure from those standards., 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 confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate a¢xounting records that are sufficient to show and explain the charity's transactions and disc105e with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on CJI and signed on its behalf by: Ms Helen Philli Trustee
Dylan's Starlight Trust INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF DYLAN'S STARLIGHT TRUST Vsle have examined the financial statements of the charity for the financial period ended 31 March 2025, which comprise the Statement of Financial Activities. the Balan Sheet and the related notes. This report is made solety to the charity'8 members. as a body. in accordance with the ChaTFties Act (Northem Ireland) 2008. Our work has been undertaken so that we might MplIe the finanrial statsments that we have been engaged to compile, report to the Board of Trustees Ihat we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent pernitted by law. we do not atrept or assume responsibility to anyone other than the charity and the chaiity's members. as a body. for our work, or for this report. Respective responslbiliti•s of trustees and examin¢r The charitys trustees are responsible for the prepaption of the financtal statements in accordance with the requirements of the Charittes Act (Northem Ireland) 2008. The charivs trustees consider that an audit is not required for this financial period under the Charities Act (Northem Ireland) 2008 and that an independent examination is required. t is our responsibiltfy to.. examine the financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of Ihe Charities Act,. and stste whether partiujlar matters have C#)me to our attention. Basis of independent examinotrs report We have examined your charity financial statements as required under seelion 65 of the Charilies Act and our examination was carried out in aw)rdance with the general Directions grven by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Ad. An examination includes a review of the actounting records kept by the tharity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financtal statements and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the attunts present a 'true and fairf view and the report is lirnited lo those matters set out in the statement below. In connection with our examination. no matter has me to our attents'on which gives us cause to believe that in, any material respect.. acKountsng records were not kept in accordanc* with section 63 of the Charities Act the financial statements do not accord with those accounting records the financial ststements have not been prepared in accordan with the Statement of Recommended Practice applicable to chartlies preparing their accounts in accordance with the Financial Reporting Standard appIlble in the UK and Republic of Ireland (FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent examln•fs statement We have no conM$ and have come across no other matters in connection with the examination to which attenkn'on should be drawn in this report in Order to enable a proper understsnding of the financial sLqtements to be reached. Mr M Nangle DNT CHARTERED ACCOUNTANTS Chartered Accountants and Statutory Auditor Onneau House 91-97 Omieau Road Belfast BT7 1SH 2410112026
Dylan's Starlight Trust STATEMENT OF FINANCIAL ACTIVITIES for the financial period ended 31 March 2025 Unrestricted Funds Mar 25 Total Funds Mar 25 Totsl Funds Jun 23 Notes Income Donations and legacies Charitable activities Fundraising 5,976 5,976 13,932 13,932 Total income 19,908 19,908 Expenditure Charitable activtties 1,726 1,726 Net incomellexpenditure) 18,182 18,182 Transfers beeen fijnds Net movement in funds for the financial perlod 18,182 18,182 Total funds at the end of the year 18,182 18,182 The Statement of Financial Activities indudes all gains and losses recognised in the finanal period. All income and expenditure relate to continuing activities. The notes on pages 1010 13 fomi part of the financial statements
Dylan's Starlight Trust BALANCE SHEET as at 31 March 2025 Mar 25 Jun 23 Notss Current Assets Cash at bank and in hand 18,432 Credltors: Amounts falling due within one year (250) Net CuThent Assetsl{Liabilities) 18,182 Total Assets less Current Liabilities 18.182 Funds General fund (unrestricted) 18,182 Total funds 11 18,182 The Trustees declare that: the charity is entitled to exemption from audit under Section 65 {1) of the Charities Act (Northern Ireland) 2008 the Trustees acknowledge their responsibililies under Section 64 of the Act for keeping proper accounting records and preparing compliant statements. Approved by the Board of Trustses and authorised for issue on behalf by 02 and signed on its Ms Helen Phill" Trustee The notes on pages 10 to 13 fomi part of the flnancial staternents
Dylan's Starlight Trust NOTES TO THE FINANCIAL STATEMENTS for the financial period ended 31 March 2025 GENERAL INFORMATION Dylan's Starlight Trust is a charity which registered with The Charity Commission of Northern Ireland on 13 June 2023. The regislered office of the charity is 237 Orby Drive, Belfast, BT5 6BE which is also the principal pla of business of Ihe charity. The financial statements have been presented in Pound (£1 which is also the functional cUencY of the Charity. SUIIIMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the chartty's financial stalement8. Basis of preparation The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. The Charity is a Public Benefit Entity as defined by FRS102. Assets and liabilities are initially recognized at historical cost or value unless otheise stated in the relevant accounting policy notes. Statement of compliance The financial statements of Ihe charity for the financial period ended 31 March 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Stsndard. Fund accounting Restri¢ted fund5 Restricted funds represent income reiVed which can only be used for partic#Jlar purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestrictsd funds Unrestrtcted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. Designated funds comprise unrestricted funds that the board has, at tts discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund. Income Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entstled to the income, perfoanCe conditions attached to the item(s) of income have been met, the amounts involved can be measured wtth suffiaent reliability and it is probable that the income will be received by the charty. Income from charitable activities Income from charitable activities include income earned from the supply of seNices under contractual arrangements and from perfomiance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-ftjnders is recognised when the charity is legally entiued to the income because it is fulfilling the conditions contained in the related funding agreements. Vvhere a grant is received in advance, ils recognition is deferred and included in creditors. Where enlitlement occurs before income is reived, it is accnjed in debtors. Grants from govemments and other co-funders typically indude one of the following types of condittons.. Performan based conditions.. whereby the charity is cOntraUallY entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting Ihe core objeclives of a grant agreement, tt recognises the related expenditure, to the extent that it is reimbursable by the donor, a5 income. MTime based conditions= whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement. 10
continued Dylan's Starlight Trust NOTES TO THE FINANCIAL STATEMENTS for the financial period ended 31 March 2025 In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is reojgnised once the charity is notified of entitlement. Grants received towards capital expenditure are credited to the Statement of Finaneial Activities when received or receivable, whichever is earlier. Expendlture Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and Ihe arnount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months noti of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the charity has been grantsd charitable exemption. Irrecoverable valued added lax is expensed as incurred. PERIOD OF FINANCIAL STATEMENTS The financial statements are for the 22 month period ended 31 March 2025. SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINPI The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of fvture events that are believed to be reasonable under circumstsnces. GOING CONCERN The Trustees have not identified any material uncertainties related to events or condilions that may cast significant doubt about the charity's ability to continue as a going concern. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Mar 26 Jun 23 Donations and legacies 5,976 5,978 CHARITABLE ACTIVITIES Unrestrictèd Restricted Funds Funds Mar 26 Jun 23 Grants from governments and other co-funders: Income from charltable activities 13,932 13,932 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs Mar 25 Jun 23 Expenditure on charitable activites Governance Costs (Note 7.2) 1.476 1,476 250 260 1,476 250 1,726 11
continued Dylan's Starlight Trust NOTES TO THE FINANCIAL STATEMENTS for the financial period ended 31 March 2025 GOVERNANCE COSTS Direct Costs other Costs Support Costs Mar 25 Jun 23 Charitable activities - govemance costs 250 250 SUPPORT COSTS Governance Costs Mar 25 Jun 23 Support 250 250 ANALYSIS OF SUPPORT COSTS Mar 25 Jun 23 Support 250 CREDITORS Amounts falling due within one year Mar 26 Jun 23 Accruals and deferred income 250 10. RESERVES Mar 26 Surplus for the financial period 18,182 At the end of the year 18,182 11. FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrictsd Funds Total Funds At 13 June 2022 At 12 June 2023 Movement during the financial year 18,182 18,182 At 31 March 2025 18,182 18,182 11.2 ANALYSIS OF MOVEMENTS ON FUNDS Income Expenditure Transfers between lunds Balance 31 Mar¢h Mar 25 Unrestricted fvnds Unrestricted General 19,908 1,728 18,182 Total funds 19,908 1,726 18,182 12
Dylan's Starlight Trust NOTES TO THE FINANCIAL STATEMENTS continued for the financial period ended 31 March 2025 11.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current liabilities Total Unrestricted general funds 18,432 {260) 18.182 18,432 1250) 18,182 12. POST-8ALANCE SHEET EVENTS There have been no significant events affecting the Charity Sin the financial period-end. TRUSTEE REMUNERATION AND EXPENSES 13. No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 14. CHARITY STATUS Dylan's Starlight Tmst is a charitable trust constituted under a trust deed. Dylan's Starlight Trust constitutes a public benefit entity as defined by FRS 102. 13