REGISTERED COfvIPANY NUMBEL. 4177691 (Englad Wales) REGISTERED CHARITY NUMBER: 1086292 REPORT OF THE TRuKfELS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR HOMMTART CAMDEN AND ISLINCTON (A COh(PANY LIMED BY GuARVrEE) Prestons & Jackson$ Partnership LLP 364- 368 Cranbrook Road Ilford Essex IG2 6EtY
HOME-START CAN(DEN AND ISLJNGTON CONTENTS OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Page Report of the Trustees 1ndepetsdeotEX4naer's Report Statement of Fln*nrl41 A¢tivltles Statement of FIDantial Posltlon Notes to the FinAnd•l Ststement5 12 to 23 Detsiled Statsmeot Df Ffin•nei41 Aeth4tles 24 10 25
HOMLSTART CAMDEN AND ISLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3J MARCH 2021 The trustees who are also direetor& of the charity for the purposes of the Cornpani¢8 Act 2006, pregent their report with the financial statements of the charEty for the year ended 31 Mgreh 2021. The trustees have adopted the provisions of Accounting and RonIUg by Chariti¢s: Stsiemellt of Re¢omm¢nd¢d Practice applicable to charities preparing their 2ecounts in accordanee wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Jalluary 2019). OWECTIVES AEID ACTivfTIES Objeetives and Aims Home4tart Camden & Islillgtons (Hscfs) mission i& 'to enable Carnden and Islington families experiencing slresg or difficulties lo meet the ftee(Lg of their ehildren under five, and its core aim is to train and support volunt¢¢rs to enablc them to give thcir valuable lime and expcriellce and shAre good parenting practice with vulnerable families. HSCI aims to inerease thc confidence and Indendence of the family through-. offerin support, friendship and practica] a#sistattee; visiting fajnilies an their own homes when they are least able to get out and about enabling farnilies reach their full potential- Teassuring parents that ihe challenges they have are not unusual; developing a tnjsting relationship wtth the fatnily end; assisting them (o get out and use services and h¢ilitie5 such as park& librarics at]d drop-iD& HSCI trdins and 5UPPOrts volwiters predominat¢ly parents to enable them lo offer prdcti¢al support and share good porenting practice with vulnerable families throughout the boroU)S of Camden and Islington. All volunteers are clieck¢d for safeguarding pu4x>ses aod then n)atched with families. They pmTride a r8ng¢ of support io address needs identified by the family to help trdu¢e isolation, stimtslate ehildren, increase pa¥ental eonfidence And effective use of services. Typteally this support in¢ludes.' weeldy home visiting for up thre¢ to four hours a weck on a on¢-tsFone basis for as long as the famTly needs help- assisting 7th health and childcare Appointments" encouraging play and reading within the family unit" supporting parents to develop their own parcnting skills" siypostillg familics to local services/con]tnuMty activities and: organisin£ social activities for HSCI fainilies such as otstin&% and eommuntty events. HSCI also work$ Tn p&rtnership with GP practic¢s and health centres to access hard to reach Yulnetabl¢ families and a¢¢oinpany families tt) external nieetings with oÉber professional agencies. Staff and Trustees also work with other Professionals to help children's global development and do outreach talks and meetings across the borough to reach the families who are most in need of sllpport. In gumrnory, HSCE provides a highly efficicnt model of regLilar and reliable support lo familTes going through a stressful tin]e. HSCI provide5 a volunteer pryrntion trdining course for volunteerg with potential to do accreditation modules. plLLg gUlar supervision and support days. The HSCI volunteering role has often helped volunteers prepare for enwloynwAL trainitig or tther 8mdie4 wFJich has be¢n another Positive outCOEne for loeal residents. Page I
HOME-START CAMDEN AND ISLINGTON REPORT OF THE TRUSTELS FOR THE YEAR ENDED 31 MARCH 2021 0CTIVEs AND ACTIVITIES Publle benefit proylded by the CharRty The Trustees confiTm that they hav¢ complied with th¢ duty in section 4 of the Chariti¢s Act 2006 to havc due gard to public benefit guidance published by the Commi&¥ion in detern?ining tb¢ activities uudertAken by the charty. The compRny is a charity and ¢Kists to safeguard and protect the mental and physical health of children and their paren18 in th¢ London Boroughs of Camden and Isl?ngton. Hscfs service Meets a need for families unable to acc¢ss othcr services for a range of reasons. Unlike most other services, each HSCI vollln¢r provides one family with their undivided attention. The family can build solid relationship with the vOluntr and place trust in that person as well &% having the back-up support of the HSCIS paid stsff team. If the family h&s speeifEc needs or Chtld Prote¢tion issues, the volunteer shares that lfOrntIOn with the c¢)ordinator so that appropriate support caR be found from other servic¢s. As a non-stthtory organisatioffj many families feel more eomftsrtable tt¢rnin8 to Hom&£tart for 5UPPOrt &s the volunteers are parents or have parenting experience the]nselv¢s. R¢sear¢h shown that this IncreS pwtsl confidence in bringing up their children, enables families to accegs local services appropriately, reduces isolation for par¢uts aud childreD and generally increS rcsilicnc¢ ill famili¢s to make a lastittg impact. HSCI supports a laige number of volun*er8 by providing opportunities which can assist them in developing work-related skills and increasin8 their chances of employability when they are ready tts enter or rern to the workpla¢¢. Pagc 2
HOME-START CAMDEN AND ISLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IVL4RCH 2021 ACHIEVEMENT AND PERFORMANCE Activities, Performance &Dd Pl4ns for Futhre Period$ ID a year domillaled by the Covid-19 pand¢mic Home-start Camden & Islington (HSCI) bad to radically adapt our services and thodS of working to kcep our benefi¢iarAes and Staff Safe. Following the decigion in March 2020 to move to a remote way of workin& HSCI continued to supply family support by phone and vtdeo calls. Throughout the sllmmer of 2020 with the lifting of some restrictions. HSCI was able to provide some socially distaneed ntingS in open spac4 and events such ag tripg to Lotjdon Zw. The winter lockdown of 2020-21 w89 particularly tough for the families w¢ support. After experiencing some freedoms during sumnr alld autumo the rencwed lockdown had a detrimentsl irllpact particularly in the areas of mental health, isolation and domestic abuse. The Hom&Stsrt UK partnership with John Lewis/Waitrose provided some much-needed respite as we wer¢ abl¢ Éo provide Cbristsllas f(yxl packages arÈd gifts to all our families. During thc year, Hscf supported f2mili¢s equating to 168 children and 127 parents. The charity also njanaged and supervlsed 62 volunteers althougl) we were unxble to train Any new volunteers during the Covid-19 lockdown. F¢edback continues to show that famiIies fll th¢ support wc pr()vide enorniovsly helpful and empowering. HSCI seeks to help families facing acute problems in raising their young children throu added difficulties such #s.. low income, poor health, disability. a different culture. language barriers, limited support from a partner or telatives or a combination of factors. Parents or ¢arers Tnay also ask for PTactical help in attemding hospital and clinic appointments and using other services for their children. Th¢ majority of HSCI volunteers are parents th¢mselve4 which gives thetn the ability to understand what supported families are goin8 through and help find Solutions and coping Strategtes lo overcome the difficulties they are faeing. Our wor]c supports famtlTes that are some of the most disadvantsged in the county. The ethnic diversity of the familics refcnrd to us reflects the local community and the known patterns of deprItIOn in thc borougbs of Camden 2nd lslington. We provtde A service that is multi-culthrally sensitive and diverse for all of Camden and Islinon'S cOMUnitieS. During 2020-21, tbe ethnicity of the families we supported was es follows.. Black African (]91¢), White BritTsh (180/}. Bang14deghi (160/01. Whit¢ Other (IIPA), a{ families from a range of other etbnic backwunds including Chin¢se. Pakistsni, Black British &nd Black CarAbbeall. We are also PToud of the ethnic diversity of our volunteers {79Vo from minority elhnie groups) and are aware thai this bclps HSCI offer SUPIM)rt to a wide raD8¢ of fanjilies who can relate to sonKoDe of their own euiture and who we might not otherwise reach. During 202121, HSCI apN)inted a n¢w Funding & Projects Manager who, together with an interim CEO, actively pursued a ttew fi]ndr&ising Strategy targetsng specifically those foundattons and graDt-maktng bodies that would support the development of A new hybrid n]odel of workirtg to ¢nSUT¢ we continued to support families despite the chAllengeg of Covid-19. P&ge 3
HOME-START CAMDEN AND ISLINCTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 FINANCiAL REVIEW Reserve5 policy The tThstees have establi8bed a poliGy of both unre5tri¢ted or free res¢$ and Aestrict¢d reserves. Restricted reserve5 are Jnade up of any funding received in the euTrent fitla1 year that 18 for a gp¢cific project or work that will be delivered in a future finaneial year. A5 at 31 March 2021 the rcstricted reseryes amounted to £59,735, for use in fiJJancial year 2021-22. Unrestri¢ted or free reserves come from unutilized donations and su¥plus funds and the tTUStees established that the free reserves of the charity shoiild be sufficient to cover the costs of an orderly wiud down of th¢ charity* which amounts to between £67,500 and £136,000 (3ffj months running costs}. At thi$ level the trustees fecl that the Charity sl)ould be able to mect all its obligations in an orderly winding down of ils tt¢tiviti¢s. As at 31 March 2021. the free regerve$ amounted to £134.297 of which £IO,01)O is desiated as an emerget]cy fund to be used in tin7es of Critic need for benefiCiles. Th¢ trnste¢s are working to Jnaiotsin this level of free reserves Covld 19 &]MJ Its Impact OD HSCI Ill March 2020, HSCI tnoved All staff and volunteers to a r¢mote worktng mod¢l in response to the COVID-19 pandemic. Stsff hav¢ continued to provid¢ a service to ¢XlSting and new familÈes throughout the 2021k21 financial year. Froin April 2020 we were able to geeure funding from a llnber of trusts and foundations that enabled the charity to adapt premises and sernices to continue to suppon our benefi¢iaries in the most &ppropriate way to their needs. As w¢ move out of lockdown into a knew norn)al' HSCI will continue to review its wotking Practice in accordance with government guidelADes to ensure tbat staff, families and volunteers renjain safe ihroughout this time. Famtly support continued to be phone and videcrfall based througbout the y¢ar witli some socially distanced meetings in orw space4 this Continues as we enter the new Iinancial year. Trall$8ctiot)$ aod Fillancl PositiDU The total funding received in the period anUntlI to £338,174 an in¢re8se of £85J07 on the previous year. Th¢ prinwy sources of funding for the year weR gcnerous grdnts CeIVe(l from.. BBC Children in Nee Berkeley Homes North Easi London, the Charities Aid Foundation. Camden Cout]cil, Co-op Coinmunity Givin& Clarion Futureg, the Drdpets Charitsble TnLSt, Islinston GivÉog> tli¢ Fitsdaic Ttus( Garfield Weston, Hampsiead Wells and Campden Trusi, Home4tan UL the John Lyon's Tnt, Macquarie Group. London Catalys¢ the London CoDm?unity Response Fund. the NatioEVdl Lottery, St Andrews Holborn and Staffor(L the Tallza Trust. and the Two Magpies Fund. The tot&1 resources eXnd were £282,922 a decrease of £5,738 on the previous yeavs expenditure of £288,660. Reserves at the end of the financial year ended 31 Mareh 2021 were £232,106 of which all were unrestricted serv¢s (2020: £122,765). No restriet¢d rescry were available to be canied fonvard at thE end of tlie financial year. Page 4
HOME-START CAMDEN AND ISLINCTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 STRUCTURE, GOVERNANCE AND MANACEMENT N4tsre of the Governing Document and Constithtion of the Charity Home-start Camden & Islin8ton is a compaoy limited by guarantee governed by its MetnorandunTr and Articles of AssD¢tation (M&A) dat¢d 12 March 2001. A r¢vES¢d M&A has been submitted.io ihe Charity Commission and Companxes Housc updating governance eletnenrs to reflect updateg in n)odern govern#nc¢ prd¢tice and Charity Commission guidance notes. Jncluding the a¢tiwtieg of its pred¢cessor OTganisation. Home-start Camden has been delivering famtly support servic¢s for 26 years since its laun¢h In June 1995 and was renamed Home-start Camden & Islington in June 2018 due to expansion into the neighbouring borou The curr¢nt charity was registered th¢ Charity Commission on 23 April 2001. Risk management The Tn]stees conduct regular revi¢ws of any major risks to wh7ch the charity may be exposed. Where appropriate. syst¢nts or procedur¢s have be¢n established to mttigale and minimise identified risks the eharity faces by implementation of procedures mch as the autborisatioll of all trallsactions And projects, l¢ve]s of authorisation etc. Procedures are in place to ensure ¢ompliancc with all slaturory requTrements tn¢luding ¢inployment law and the health and safety of staff al work and volunteer activities undertaken to support famili&8. A Safcgu4rding Policy is in place and Disclosure and BarTing Servi¢e checks aTe taTried out on all volunteers and employees who are likely to come into contact with vulnerdble children or adults. Othcr appropriaie Controls are in plac¢ to mitigate financial risks overseen by trustees. The Risk Register is review¢d monthly by the executive team and individual Tisks are overseen by tho relevant committ¢es (Trf the Board. REFERENCE AND ADMIMSTRATIVE DETAILS Registered Company number 4177691 (England and Wales) Reglstered Ch•rlty number 1086292 Regi$te>od orrice 7 Dowthjcy Close London NW5 2BP Page 5
HOME-START CAMDEN AND [sLCToN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021. Tru$tces The member% of the Board of Tntee5 of the Charlty durlng the year ended 1st April 20211 ts 31 March 2021 iyere: Stcven Francis (Chair) Farkhanda Jabeen Ali (Vicelhair) Reena Malhark. (Treasurer)- Resigned I lth March 2021 Diane Fatherlcy IS¢cretary)- Resigned 8th Mareh 2021 Lorraine Jolie- Resigned 17th Aw$t 2020 Clare House lan Jesnick anda Goddard Georgtna Trevor Holly Hiw'ns Priya Heera- Appointed 9th July 2020 Laura Young- Appointed 9th July 2020 Jacqueline MoretoJ- Appointed 8th Mar¢lE 2021 The members of ¢he Board of Trustees of Éhe Charlty at the d4te the Teport and aeeounts were approved were: Steven Francis (Chair) Farklianda Jabeen Ali (Vice-chair) Law? Young (Treasur¢r)- Appointed 9th July 2020 Ja¢queline Moreton (Secretary)- Appoioled 8th Marel) 2021 Clare House laii lesThiek Ainanda Gothlard Georgina Trevor Holly Higgins iya Heera- Appoinred 9th July 2020 All the directoTs of the eompany are also twstees of the charity, and their responsibilities includ¢ all the responsibilities of direc ter the Cojnpanies Acts And of trustees under th¢ Chartties Acts. The name of tbe senlor Stsff member to wknm d*y-t1d#Y management of the Charity is delegated by the charity tni$iees: Kevin Kibblc (Jnaternity cover until July 2021) IndepeDdent Ex4mlTrer Anwer PaLel BA (Hons). FC& BFP ICAEW PreStOS & Jacksons PaTthership LLP 364- 368 Crathook Road Ilfoi'd EG2 6HY Page 6
HOMSTART CAMDEN AND JSLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 SHARE CAPITAL The company is limited by guardntee and therefore has no share capital. Approved by order of the board of trustees on .... . and signed on its behalf by. Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF HOME-START CAMDEN AND ISLINGTON Independent examlner's report to the trustses ofHom&Stgrt Camden and Isllngton {'the Company,) report to the charity twstecs on my examination of the a¢¢ounts of the Company for the year ended 31 March2021. RespoDs5biJitles and bttsls of repDrt As the charity's trustees of the CompaDy (and also its directors for the purposes of eomp&ny law) you a responsible for the preparation of the Accounts in accord•Jw¢ with the reqlliremts of th¢ Companies Act 2006 l*he 2000 Act?. Having satisfi¢d mys¢lf that the accounts of th¢ Q)mpkny are not required to be adited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examiation of your charity's accounts as carried out Under se¢tioD 145 of the Charities Act 2011 ('the 2011 Act,). In cattying oirt my exAmination I havc follow¢d the D1ctIoNS Ven by The Ch&ity Commission under section 145(5) (b) of the 2011 Act. Indepen¢lellt examlDer's statement Siiice your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. l Can confjmi that l aEn qualifi¢d tr) UDd¢Ttake th¢ examination because l am a gIStered men)ber of ECAEW which is one of the listed bodies. T have eomplet¢d my examination. T confirni that no matt¢rs have come io my attention in connection with th¢ examination giving me cause to believe- a¢¢ounting record8 wer¢ t kept tn respect of the Company as required by section 386 of the 21)06 Act, or the accounts do not accord with those records; or th¢ accounts do not comply witb the a¢¢ounting requirements of section 396 of the 2006 Act oth¢r tlian any requirement that the accounts give a twe and fair vtew which is not a inattcr Consider as part of an independent ex4mination' or th¢ accounts have not been preplld in accordance with the methLxls and principl¢s of the Ststernent of Recommended PrtiCe for accounting and reporting by ¢hartties (applicable to charities preparing their accounts in ac¢ordan¢¢ with the FiEwTrcial Reporting statrd applicable in th¢ UK alld Republic of Ireland (FRS 102)). I have no conrerns and have corne acrts55 no o¢h¢r rnatters in conn¢cts"on with the examination to ivhtch attention should be drawn in this report in order to enable a proptt ullderstsnding of Èbe accounts to b¢ reached. Anwer Patel BA {Hons), FCA. BFP ICAEW Presions & Jacksons PaTtnership LIP 364- 368 Cranbrook Road Ilford Essex IG2 6HY Date: ............................................. Page 8
HOME.START CAMDEN AND ISLINCTON STATEMENT OF FINANCIAL ACTTVtTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 31J.21 Total fuudg Untegtricted Restricted fimd 31.3.20 Total nds Nofrs INCOME AND ENDOWMENTS FROM Granis 331J22 6,740 33&062 252,547 Other Fundraising Activiti¢5 Investment income 33 79 79 136 To¢41 331.434 740 338,174 252.867 EXPKNDITURE ON Raising funds 336 336 216 Charltable *ctSvides Dire¢t Support 205,799 70,465 6J22 212,121 70,465 202.548 85.g96 Total 276,600 6J22 281922 288.660 NYT INCOMEI(EXPENDrrtlRE) Transfers behveen fllnd$ 54034 418 55252 (35.793) 16 S407 {5407) Net movement in funds 1119J41 154,089) 5&2S2 (35.793) RECONCILTATION OP FUNDS Total funds brought fom&rd 122,765 54,089 17W4 212,647 TOTAL FUIYDS CARRIED FORWARD 232,106 232,106 176,854 The not fonD part of these financial statem¢nts Page 9
HOME-START CAMDEN AND ISLINGTON STATEMENT OF FINANCIAL POSITION 31 MARCH 2021 31J.21 31.3.20 Notes FIXED ASSETS Tangible assets 12 7,044 CURREf4T ASSETS Debtors Prepayments and accTu¢d Income Cash at baDk and in hand 13 2908 25248 3116,168 31,469 153.571 334J24 185,(HO CREDITORS Amounts falling du¢ within one year 14 (109,262) (8,186) NET CURRENT ASSETS 225,062 176.854 TOTAL ASSETS LESS CURREf4T LIABILITIES 232,106 176.854 NET ASSETS 232,106 176.854 FUNDS Unrestricted funds Restricted fixnds 16 232,106 122,765 54,089 TOTAL FUNDS 232,106 176,854 The charitable company 15 enti1lcd to excmption from audit under Section 477 of th¢ Companie5 Act 2006 for tbe year ended 31 March 2021. Th¢ memb¢rs have not required the ¢Oll¥Jany to obtain an audit of its fit)aDcial ststements for th¢ year ended 31 March 2021 in accDrdaT]c¢ with Section 476 of the Companies Act 2000. Th¢ tNstees acknowledg¢ th¢ir resrrt)nsibiliti¢s for (a) ensuring that the chaTit&ble company keeps accounting r¢cords that Ix)mply with SectioTL8 386 and 387 of the Compalli¢s Aet 2CK)6 and (bl preparing finan¢ial Statements which give a true and fair view of the state of aff8irs of the charitsble company as at tbe end of each financial y¢ar attd of tts surplus or defirit for each financial year in ac¢ordan¢e with the requiremcnts of Sections 394 and 395 at]d whi¢h oth¢rwise comply with the requiremeuts of the Companies Act 2CW relating to financitil statements. so far as applicable to the charitkble company. Thc notes fomi part of these financial stafrments Page 10 ontinu¢d...
HomTART CAMDEN AND ISLINGTON STATEMENT OF FINANCTAL POSITION- eondnued 31 MARCH 2021 These [anCIal starements have been prep8red iti ac¢oTd8nce with the provisions applicable to charitsble companies subject to the small companies regime. The finan¢ial 8tatemeDts w¢re approved by the Board of Trustee8 8md authorised for issue on 16Th fip"&.' aoa/ . and werc st8ned on its behalf by.. Trustee The uotes fornl part of these financial slat¢m¢nts Pagell
HOME-START CAMDEN AI¥D ISLINCTON NOTES TO THE FINANCIAL STATEMEWTS FOR THE YEAR ENDED 31 MARCH 2021 AccouffflNG POLICIF Bas1$ tsf preparing tht nDanclAI st8temeDts The financial SEatcments of the charitable company, wliich is a public benefit entity under FRS 102, ave been prepared in aeeordance with the Charities SORP (FRS 102) 'Accountin8 and Reportiiig by Charities.. Stam¢ut of Recnmed¢d Practic¢ applicabl¢ to charities preparing thcir accounts in accordance with the Financial R¢porting Standard applicable ID the UK and Republic of Jreland (FRS 102> {effective l January 2019),. Financial R¢portins Standard 102 The Financial Reporting Standard applicable in th¢ UK and Republic of Ir¢lalld' and the Compani&% Acl 2006. Th¢ financial sthtements have been prq)ared under th¢ historical cost convention. Tncotne All income is Tecognised in the Stament of Financial Activities once the charity has ¢lltitletnt to the nd4 it is probable that the iD¢ome will be received and the atnount b¢ measuttd r¢liably. Donations are reco[Sed wb¢ll th¢ charity has been llotified in WTiting of both the amount and Settlet date. In th¢ event that a donation is subject to ¢onditions that require a level of perfonnance before the charity is entitled to the funds, the in¢o]ne is deferred and not Tecognised until either those conditions are fully met, or ihe fulfilm¢nt of those ¢ondition ts wholly within the control of the charity and is probable that those conditions will be fulfilled in the reporting p[0 Income froin govrnent and Dther grants, whether'capitalll grdnts or Revenue" 8fdnty is recognised whtn lh¢ charity b2s entitlen3ent to tbe fulld4 any perforniauGe conditions allach¢d tts thc wrs l)av¢ been me¢ it is probable that the income will be r¢ceived and ihe amount can be measured reliably and is oi deferred Expenditure affjd Irrecoverablt vat Liabilities are recognised as exp¢nditUTe as soon as there is a le1 or constru¢tive oblsgation committing the charity to that exp¢nditure, it 1$ probable that a tTaDsfer of economic txnefits will be required in settlement and the aRM)uni of the obligatt.tsn can be m¢asured reliably. Expenditure is accounted for on an accruals basis and h85 been classified under headings that aggregate all COBt r¢lated to the category. Where costs cannot be directIy attributed to particular headÉw they have been a]located to aciivities on a basi8 consistent with the use of resourees. ITreeoverable VAT is ¢harged as 0 c05t a8ainsi the activlty forwhich the expendire w&$ in¢urred. Allocation and 2PPOrtlonmemt of costs Charitable expendiwre includcs all CAdIlure dir¢cdy related to the objects of the charity at)d tomprises the followin&- Support ¢osts of acÈivitA¢S.' Support costs of activities ft)r charitable PUTposeg comprises the salary costs of staff not engagcd directly on charitsble a¢tivities ag they are involved with project dev¢lopDJet)t and other proj¢¢i costs. There are 8 numbei of costs, including staffing costs, where it 15 imprdcticable to allocate these Costs betweett administration and ¢haritable expenditswe and the trnskes have allocated su¢h costs to ¢haritabl¢ cxpendiiure. Management and admini.%tration of the charity: Mallagement and administration costs represent exndati1Te ADCUtr¢d in ihe management ofthe charity's aets. organisational administration and compliance with chgyitable and statutory requIrnents. Page 12 coJ)tinue&..
HOME-START CAMDEN AND JSLJNGTON NOTES TO THE FINANCIAL STATEMENfs- eontinued FOR THE YEAR ENDED 31 MARCH 2021 ACCOtrNTINC POLICIES- contiTrue Allocatlon and Apportionmemt of costs Admintstraiion expenditure includes all expenditure not direetly related to charitable a1VIty. In respect of certain items of eXpendire, it is a rnatter of judgement as to whether such items are direct charitsble expenditure or admioisrrdtive. ttDd the directors have app]ied what they ¢On5Lder to be reasonable jiidgements in aprtIOnIng such Costs. Resources expeEMl¢d tnelude attributable VAT which cannot be recovere Tanglble flxed assets Dq)latIOn is provided at the following annual rates in order to write off each asset ov¢r its estimated useful life. Fixtu5 and fittings Tangible fixed assets are stst¢d at histOTi¢al cost less accumulated depreciation and any accumulated ImpaErmcnt losses. Histrprical cost includes expendittwe that is directly attributable to bringing the &95et lo ihe location and Condition necessary for it to be (*pable of opetxting in the maJ)ner intended by management. T4xAtIoD The charity is exempt from cooration tax on its eharitsble activities. Fund aecountlmg unttrIcted fimds can be ID a¢cordance with th¢ charitable objectives at the discretion of the trnstees. Restricted funits can only be used for panicular restricted Purposes within the objects of the charity. RestriclioL8 arise when specified by the donor or wkn funds are r&ised for particular ieBtricted PUTposes. Further explanation of the nathre and purpose of each f(md is included in the notes to the financial statements. Pension etssts and other po$t-redrement benefits The charitablc cotnpany opcraEe5 a defmed contribution pension sch¢me. ContnbutÉons payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Col•g CoDetrn #nd cOa 19 Impllcations Tb¢ frustees Are confident that HSC&I is in a positioD to operntc for the nexi twelve montbs. Covid related fundings have been further secured during the Pandemic to support of th¢ emergency needs of the community. New approaches have been adopted alld irnplemented io ensure th¢ clwiÉable activities are in place and would remain (Trngoing in the future. Rules and regulations of Covid 19 are thlly complied with thToughout the organiwion's activities.. As a result of this, the a¢counts hav¢ been prepared on a going concern basis. Page 13 continued...
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMErs- contillued FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES- contlnued OperatlD% Le4ses Leases that do not transfer all the risks and rewards of ownership are classified as Olrating leases. Pay]nents under operating leases arc cbarged to profit or loss on a str*ight-line basis ovcr the peri( of the leas¢. Debtors Basic finanGial &ssets, including trdde and other debtors. Are initially recognised at tr2n5acliorJ price. unless the arrangemenl eonstitutes a financing traDsaction, where the transaction is Measured at the present value of the futyre re¢¢ipts discountcd at a market rate of interest. Such assots are sub5equ2ntly cayried at amortiscd c08t Lsing the effective interest ethO(L less atty imrnlI. Casb and Cash EqDivalthts Casb and cash e(wivalentg ar¢ represented by cash ill hanl deposAts held at call with financial institutions, and other ghort-terni hishly liquid investments that mattwe in no more than three months from the date of acquisitiou and are rndtly coovertible to known amouttts of cash with insignificant risk of change in value. Credltors Basic financial liabilities, including trade and other cmlitors. k)aN from third p8rties and loans from related partie5, arc initta]ly recognised at transaction price, unless the arr8ngenKnt constitutes a financing tTansaciion. wh¢re tbe debt insiiutnent is measured at the present value of the sutur¢ payments discounted at a market rdte of inteTesL Such instrnrnents are subsequently carTied at ankirtised ¢osl using Ihe effe¢live inierest rneth0 l¢ss and impalmt Wlndlng Up or Dissolution If upon windiug up or di8501uÈion of thc charity there remain ouy assets, after the satisfactioo of all debts and liabilities, the assets repres¢nted by the aUMulated fund shall be transferreil to some other charEtable body or bodies havitig similar objects to the cbarity. GRANTS 31.3.21 31.3.20 Donations Gift aid Grants 3,413 2,456 202 249,889 334,438 338,062 252547 Page 14 continued...
HomTART CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENfs- tontinued FOR THE YEAR ENDED 31 hL4RCH 2021 GRANTS- eontlnued Grants received, included in th¢ abov< are as follo 313.21 31.3.20 Fitzdale Trust Hnp$tead Wells alld CaDwden TnTSt John Lyon's Charity H4inpstVdd Parish Church Morris ChaTitsble Tnt The Tanza Trnst The Drnpcrs, Chatitsble Fund St Pancras Welfare Trngt Camden Equality Fund- BangIadesh Project Camden Equality Fund - Strategtc Partners St Andrew Holborn and Stafford's Charity BBC Children in Need Camden CIL CTipplegat¢ FouT]dation Fitisbury Park Homeless Familie& Projeet Homestart UK Camd¢D Full Circle CAF American Donor Garfield Weston Foundation H S London BKNEL Postci)de Community T]ust HS UK ICAP HS UK BHBF Two Magpies Fund City Bridge TTUSt c(0P LDcal Community Fut HS London- Clarion Future Home Start London LCRF London Catalyst Macquarie Group N&tion&l Lottery Fund CovAd-19 Response Lady Gollld Charity Richard Cloudesley 3,000 2.790 34067 2,000 600 12.000 2500 44,44S ID,000 28,343 650 15.000 45,OIM) 8,IK)O 39,955 11350 45,1100 8,000 28.348 7,500 6375 12,617 11.860 18372 1500 12.50(1 20,000 10.000 19.400 17J06 7.158 9,71)0 2J44 14?50 14.141 2508 13,475 4088 1235 9500 334,438 249.889 Page 15 continued..
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL sfATEMENTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2021 OTHER FiJNDRAISING ACTIVITIES 31J21 31.3.20 Fundraising events & Donatious 184 INVEsTIENT INCOME 313.21 31.3.20 Deposit aecount interest 79 136 CILARITABLE ACTIVTfiES COSTS Support costs (see notc 6) Direct Totsls Direcl Support 182,895 29,707 29,226 40,758 211121 711,405 212,602 69.984 28IS86 SUPPORT COSTS tnfonnation MAnagement technology Hun)an resources Direet Support 29226 26,720 1792 26,720 2,792 29226 Premises Costs Govemance costs Totals Dit Support 29.226 411,758 5,071 6,175 5,(171 6,175 69,984 Page 16 continued...
HOME-START CAMDEN AND ISLTNGTON NOTES TO THE FtNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021 NET TNCOMEIIEXPENDtTURE) Net lncomel(expedttswe) is stated afi¢r chaigingl(¢rediting): 31.321 31.3.20 Depreeiatiou- owned assets Tndependenl Examiners Fees 2J48 1,788 1,788 TRUSTEFS, REMURATION AND BErlEFs There were no trustees, remunerntion or other benefits for the year end¢d 31 March 2021 nor forthe year ended 31 Mareh 2020. Trustees, expenses 31J.21 31.3.20 Ttees, experlseg 836 STAFF COSTS 31.3.21 31.3.20 Wages and salaries Social se¢urity costs Other penstott costs 189,239 14,lJ93 5,623 209,923 10,019 4.683 208955 224,625 The &verdge monlhly number of employees during the year w&s as follows: Charttable Activitie5 Managemellt and Admitiisttation 313.21 31.320 No employtts received emoluments iti exeess of £60.(W. Page 17 continued..
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2021 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvTrS FOR 31J.26 UnrestrACted Restricted Total nd fund fijnds INCOLIIE AND ENDOWMENTS FROM 74,216 178.331 252547 Other Fundraising A¢tivities Investment income 184 136 184 136 Total 74J36 178,331 252.867 XPENDITURE ON Raising fLEnds 216 216 Charitable activities Direct Support 39,561 71.925 162,987 13.971 202,548 85,896 Total 111.702 176,958 288,660 NET INCOMEI(EXPENDITURE) (37.166) 1.373 (35.793) RECONCILIATION OF FtrNDS Total funds brought forward 159.931 52.716 212,647 TOTAL FUNDS CARRIED FORWARD 122.765 54,089 176,854 Page 18 continlled...
HOME-START CAMDEN ATrtD ISLINGTON NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021 11. KEY LWAGEMENT PERSONNEL The Key Management P¢EsonD¢l is Considered to be the Scheme Managers whose remunthtion wer¢ £33,324 pcr annum in the y¢ar. (2020: £31.823). 12. TANGIBLE FIXED ASSETS Fixtures and fittings COST Additi0115 9J92 DEPRECIATION Charge for year 2J48 NKT BOOK VALUE At 31 March 2021 At 31 March 2020 13. DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 31J21 31.3.20 Trade debtor& Other dcbtors Prepairynenrs 28.761 35 2,673 35 273 31.469 Page 19 continued...
HoTART CAMDEN AND ISLTNGTON N(yfES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021 14. CREDITORS: AMOUNTS FALLING Di)E WITH ONE YEAR 31.321 31.3.20 S[al 8¢curity and other tsxes other ¢tEditors Pension DefeTred Income Accrned expenses 4557 929 1.157 102,499 12(1 3,762 976 794 2,654 109262 8,186 Def¢d Ellcome related to funds CeiVed in advance for use the following year. IS. ANALYSIS OF f4ET ASSETS BETWEEN FUNDS 31J.21 Total funds Unrestricted Restricted fund fund 31.3.20 Totsl funds Fixed as$etS CLfrrent assets Curreni liabilities {109.262) 334,324 {109262) 185,040 (8.186) 232,ID6 232,106 176,854 I& MOVEMENT IN FUNDS Net movement in fun(ts Tr4nsf¢rs between ftmds At 3113121 At 114120 Unrestrieted ndS General fijnd 122,765 $4,834 54J07 232.106 Re5triettd funds Restricted Funds 54089 418 (54,S07) 17&854 55352 232,106 Page 20 continue(L..
HOME-START CAMDEN AND ISLtNGfoN NOTLS TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021 16. MOVEMENT IN FUF4DS- CilDtfinued Net movement in thThds, ill¢luded in the alx)ve are as follows: Incoming Resources Movement resources expended in fimds Unrestrlcted lunds Gen¢ral fund 331,434 {276,61KI) Restricted funds Rcstricted Funds 740 {6J22) 418 TOTAL FiINDS 33&174 (282922) 55,252 Compar*tlves for movernent funds Net movement in fi]nds At 3113120 At 114119 Unre5trictcd fuDds General fund 159.931 (37,166) 122,765 Restricted funds Restricted Funds 52.716 1,373 54,089 TOTAL FUNDS 212,647 (35,793) 176,854 Page21 continud..
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2021 I& MOVEMENf IN FUNDS- continued Comparative nei movement irAfund& included in the above are as follows.. Incoming Resources Movement resourc¢s expended An funds Unrestrleted funds General fimd 74536 (111,702) (37,166) Restrieted funds Restricted Funds 178.331 {176,958) 1,373 TOTAL FUNDS 252,867 (288,660) (35.793) All restrlcted funds h4ve been fully expended lo the year ended 31st M4rch 2021 31J.21 31.3.2 CAF American Donor Postcode Community Trust Cripplegaie Foundation Fitzdale T$t Camden Equality Fund BBC Chtldren In Need 12,617 500 3,750 25,011 £54.f189 17. RELATED PARTY DISCLOSURES There were no related party trdllwtions for the y¢ar ended 31 March 2021. Page 22 Continu1...
HOMETART CAMDEN AND ISLtNGTON NOTES TO THE FtNANCLIL STATEMEKfs - continued FOR THE YEAR ENDED 31 RCH 2021 I& SHARE CApvfAL Th¢ compally is limited by gu8fdJlt¢e and therefore has no share ¢apilal. Pag¢ 23
HOME-START CAMDEN AND JSLINGTON DETAILED STA TEMENT OF FINANCIAL ACTIVITJES FOR THE YEAR ENDED 31 MARCH 2021 31.3.21 31.3.20 INCOME AThD ENI)OWMENIS Grthnts Donation8 Gift aid Grants 3,413 211 334A38 2,456 202 249,889 Other Fllndraisthg Aetlvili¢5 Funthai$in8 evettts & Donations 338,062 252.547 IDvestment1ocome Deposit account interest 33 184 Total ineomlng resources 136 334174 252,867 EXPENDITURE Other tradthg 4etlvities Fundralsitsg Costs Charitable getlvttie5 Wages SocTal s¢curity Pensions surance Rent, Rates & Service Charge Telephon¢ Postage and Ststionery Advertising Subscriptions &nd Capability Fixlurtt and fittit 336 216 162J19 14,093 5,623 9S4 1&685 2,703 4A50 660 567 2J48 170.025 10.019 4.683 893 19.8PA 3.$41 5.657 213 144 Support costs Management Adniintstrative Stsff 212,602 215,059 Infornatfion teehnology IT Maintenance and Sollwar¢ 26.720 39,898 4792 6,479 Tbis page does not forni part of the statytory fJnAncial stat¢mentS Page 24
HOME-START CAMDEN AND ISLINGTON DETAILED STATEMEIYT OF FINANCIAL AThTIES FOR THE YEAR EIYDED 31 MARCH 2021 31.3.21 31.3.2 Inforjnadon *chnology Hummn resources Twstees. expense Volunteers Costs Stsff Trdining ond Trdvel Exp HSUK 20/0 Family Expenses 836 5.278 3.855 5,874 2,601 1&624 4,686 4352 3J64 29226 18,444 Other Consultollcy 240 PreIseS Costi Cleaning Expense8 Rep8irs and Renewats Miscelleneous 2J07 2,617 147 1,739 361 72 5,071 2,172 Governance costs AGM Independent Examitmtion Fees BIK>kkeepeVg F¢¢s 24 1,781 4,347 1,823 4J52 175 6.152 Total resources expended 282,922 288.660 Net In¢omel(expenditure) 55252 (35.793) This page does not forni part of the statutory financial statem¢nt8 Page 25