REGISTERED COMPANY NUMBER: 4177691 (England and W&A&s) REGISTERED CHAIUTY NUMBER: 11)86292 REPORT OF THE TRUSTEES AND FANc(AL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR HOME-START CAMDEN AND ISLINGTON (A COMPANY LIMITED BY GUARANTEE) Prestons & Jacksons Parthership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY ADIANX57 1911212024 COMPANIES HOUSE A07
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HomTART CAMDEN AND ISLINGTON CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 PAge Report of the Trustee8 Independent Examlner's Report Statement of Flnanelal Actlvltles Stalement of FlnanelAI Poyltlon 9 to 10 Notes to the FlnanclAI StAtements IJ to 21 Det8lled Statement of Financial Attivitles 22 to 23
HOME-START CAMDEN AND ISLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tntstees who are also directOTS of the charity for the purposes of the Cornpanies Act 2006, present their report with the financial ststements of the charity for the year ended 31 March 2024. The tnistees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice Applicable to charities preparing their accouDts in accordance with the FiDancial Reporting. Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTtVES AND ACTIVTTIES Objectives and aims Home-start Camden & Islington IH-SC&t) is a grass-roots charity that supports and empowers families with young childrcn who are struggliog to cope with everyday life. Our vision is a Camden & Islington community in wbi¢b all families have the support they need to give their children the best possible start in Jife, and where our volunteers arc valued and encouraged. Our mission is to help families cope with diverse challenges by recruitinE and training volunteers with experience or knowledge of parenting to provide both practical and emotional support. Thcy empower parents and carers to build better lives for children by helping them to Searn to cope with ehallenges, and boost their confidence. We also aim to help improve our families, health, wellbeing and relationships. provide our volunteers with new skills and confidence to enhance their opportunities and experiences, and to fulfil our mission through the values of openness, flexibility and being rooted in our community. Publlc benellt provlded by the Charity The Trustees confinn that they have complied wlth the duty in section 4 of the Charities Act 2006 to bave due regard to public benefjt guidanc¢ published by the Commission in delerniining the activities undertaken by the Charity, The ¢ompany is a charity and exists to safeguard and Protect the mental and physical health of children and their parents in the London Borough of Camden and Islington. H-SC&I's service meets a need for families unable to access other services for a range of reasoDS. Unlike mo8t other services, each H-SC&I volunteer provides one family with their undivided attention. The family can build a solid relationship with th¢ voluntecT and place tnist in that person as well as having the back-up support of the H-SC&I's paid staff team. If the family has specific needs or Child Protection issues, the volunteer shares that infornlation with the coordinator so that appropriate support can be found from other services. As a non-statutory OTg8nisation, many families feel more comfortAble turning to Hom¢-Start for support as the volunteers are parents or have parenting experience themselves. Research has shown thai this increases parental confidence in bringing up their children, enables families to access local services appropriately, Teduce5 isolation for parents and children and 8enerally increases resilience in families to make a lasting impacL H-SC&l supports a large number of volwiteers by providing opportunities which can assist them in developing work-related skills and increasing their cbances of employability when they are ready to enter or return to the workplace. Page I
HOME-START CAMDEb' ISLLN'GTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 hL4RCH 2024 AcHtEVEMENT AND PERFORMANCE Activities, Perfomanee and Plans for Future Perlods It's been another very demanding year for the cotTununity that we support, and 80 also for our charity. The continuing cosl of living crisis and the plethora of problems and issues that our families face have tested both our resources and resilience. but sLqff and volunteers once again rose to the challenge with admirable positivity and commitment. Their efforts have supported families who are among sorne of the most disadvantsged in the country, and we provide a service that is multiryculturally scnsitive for all people across Camden and Islington. The majority of H-SC&I voluntcers are parents or carers themselves, which helps them to understand and empathise with what supported families are going through, and find solutions and coping strategies to overcome the difficulties they are facing. During the year, H-SC&I supported 169 families equatiog to 331 cbildren. The charity also supported, trained and supervised 75 volunteers. Feedback continues to show that families find the support we provide enonnously helpful and empowering. Our CEO continues to demonstrate dynamic and effective leadership, and is the driving force in our mission lo be an integral and valued part of tbe local community. Our head of delivery, provides a wealth of relevant local knowledge and experience, as do our excellent FLMS. They are complemented by our very capable and enterprising operations manager, and our diligent bookkeeper. We have also benefitted frorn the Much appreciated input of several specialist and general office volunteers, as well as volunteers helping to enhance our Community outreach. And then there are our family support volunteers, who are the backbone of the charity. The trustees and staff always recognise and appreciate the importance of their invaluable front-line support. Our trustees have continued to give their time, counsel and expertise voluntarily, and have been a committed and knowledgeable Board of directors that is responsible foi the effective governance of the charity, We welcomed three new tntee8 durin8 the last year includiog a new treasurer and a new secretary. We have progressed on several fronts durkng the last year in our commitment to enswe the continuing effectiveness of the charity, and our ability to be true to our objectives, vision. mission and values. Our goals for the year commenelng 31 March 2025 are: - Quantifying and articulating the scope and scale of our offering and services. Developing a plan of action to confirni, identify. engage with, and collaborate on partsJer5bips and projects - Families being more involved in the forn)ulation and implementation of our work. - HSC&I becoming a more active champion and advocate across the community in order to raise awareness of the plight and needs of our families. - Increasing our profile and share of voice with our stakeholdeTS, tsrgeted audiences and in relevant forurns - Ensuring that our EDI Action Plan feeds into all relevant touchpoinls in our strategic plan. - Board and staff leadership effectiveness and succession planning An important element in terms of achieving our goals has been the work over the last year on updatin8 and evolving our strategic planning, as our 3 year strategy reaches its conclusion and we prepare to launch a new strategy in 2025. Our approach includes an increased emphasis of ensuring H-SC&I is an integral part of the local community, to which end we have focused more on developing associations and partnerships with an eclectic range of relevant organisations based in Camden and Islington. We also spent some time ensuring that all our policies and procedures are up-to4ate and fit for purpose, and were able to renew our aeernent with Home Start Page 2
HOMUTART CAMDEN AND ISLINGTON REPORT OF THE TRUSTEES FOR TBE YEAR ENDED 31 MARCH 2024 FINAIYCIAL REVIEW Reserves policy The tnistees have established a policy of both unrestricted or free reserves and restricted reserves. Restricted reserves are rnade up of any fimding received in the current financial year that is for a specific project or work that will be delivered in a future flnancial year. As at 31 March 2024 the restricted reseryes amounted to £22,783 (2023: £58,077) for use in financial year 2024-2025 Unrestricted or free reserves come from unutilized donations and surplus funds and the tIlL8tees estsb)ished that the free r¢serves of the charity should be sutTicient to cover the costs of an orderly wind down of the charity. The trnstees feel that due to the ongoing ¢hallenges in the econornic environment. together with the increased difficulty in fundraising seeD across the sector and heightened dItal security risks. it is necessary to continue to hold free reserves of between £215,000 - £270,000 (8-10 months running costs). At this level the truslees feel that the charity should be able to meel all its obligations in an Orderly winding down of its activities. As at 31 March 2024. free reserves amounted to £224.175 (2023: £226,031) of which £1 0,000 is deSIated as an emergency fund to be used in times of critical need for beneficiaries. The trustees are working to mAintain this level of free reserves. TrAngAetions and FinaDeial Position The total funding received in the period amounted to £274,816 a decreas¢ of £53,258 on the previous year (2023: £328,174). The primary sources of funding for the year were generous grdnts received from.. Can)den Strategic Partners, Cripplegate Foundation, Fitzdale Trust, Garfield Weston, HS2 Camden Giving, JOI Lyons Cbarity. City of London, Peter StebbiDgs Meniorial Trust, HS London BHNEL, Nationwide Building Society, The Mitchell Charitable Trust, and Bright Start Dad Matters. The total resources expended were £311,966 a decrease of £8,326 on the previous yeaes expenditure of £330,292. Reserves al the end of the financial year ended 31 March 2024 were £246,958 of which £224,175 were unrestricted reserves (2023: £226,031). Restricted reserves of £22.783 (2023: £58,077) were carried forward at the end of th¢ financial year. STRUCTURE, GOVERNANCE AND MANAGEMENT Nature of the Governing Document and Constitution of the Chirlty Home-start Camden & Islington is a company limited by guarantee governed by its Memordndum and Articles of Association {M&A) dated 12 March 2001. A revised M&A has been submitted to the Charity Commission and Companies House updatin8 governance elements to reflect updates in modern governance practice and Charity Conllnission guidance notes. Including the activities of its predecessor organisation, Home-start Camden has been delivering family support seice$ for 26 years since its launch in June 1995 and was renamed Horne-start Camden & Islington in June 2018 due to expansion into the neighbouring borough. The current cbarity was registered with the Charity Commission on 23 April 2001. Page 3
HOME-START CAMDEN ISLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MAIYAGEMENr Risk management The TnteeS conduct regular reviews of any major risks to which the charity may be exposed. Wbere appropriate, systcms or procedures havc bccn estsblished to mitigate and minimise identified risks the charity faces by implementation of procedures such as the authorisation of all transactions and projects, levels of authorisation etc. Procedures are in place to ensure complianc¢ with all statutory requirements including employrnent law and the health and safety of staff at work and volunteer activities undettsken to support families. A Safeguarding Policy is in place and Disclosure and Barring Service checks are carried out on all volunteers and employ¢¢s who are likely to con]e into Contact with vulnerable children or athilts. Other appropriate controls are in place to mitigate financial risk8 overseen by trustees. The Risk Register is reviewed monthly by the executive team and individual risks are overseen by the relevant committees of the Board. REFERENCE AND ADMTNISTRATtVE DETATLS Reglstered Company number 4177691 (England aod Wales} Registered Cbarlty number 1086292 Reglstered office 7 Dowdney Close IA)ndon NW5 2BP Page 4
HOlsTART CAMDEN AND ISLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Trustees The members of the Board of Trustees of the Charlty durlng the year ended l#t Aprll 2023 to 31 March 2024 were: Ian Jesnick (Chair) Jacquie Moreton (Deputy Chair) Amanda Goddard Sally Barwell Georgina Trevor Clare House Vanya BaDwell Irnogen Shaw Adelina Hakaj - Appointed 27th March 2024 Yoshiaki Sasamura - Appointed 27th March 2024 Laura Young {Treasurer)- Resigned 30th November 2023 Kirsty McDonagh - Resigned 30th June 2023 Michelle Handler - Resigned 5th F¢bruary 2024 The members of the Board of Truslees of tbe Charlty at the date the report And accounts were approved were: Tan Jesnick (Chair) Jacqueline Moreton (Vicelhair) Sally Barwell Amanda Goddard Georgina Trevor Clare House Adelina Hakaj Yoshiaki Sasamura Vanya Barwell Tmo8en Shaw All the directors of the company are also trustees of the charity. and their responsibilities include all the sponsibilities of directors under the Companies Acts and of trnstees under the Charities Acts. Company Secretary Jacqueline Moreton The name of tbe senior staff member to whom d8y-tHlay management of the charlty Is delegated by the charity trustees: Naomi Smith {CEO) IndepeDdeDt Examiner Anwer Patel BA (Hons), FCA, BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Klford Essex IG2 6HY Page 5
HOM&START CAMDEN ISLbYGTON REPORT OF TTIE TRUSTEES FOR THE YEAR ENDED 31 illARCH 2024 SHARE CAprrAL The cotnpany is.limited by guarantee and therefore no share capital. 47. 11. ID14 Approved by order of the board of trustees on ........ ..... .. . .... ... . and signed on its behalf by: Irockof , Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF li HoTr-START CAMDLN ISLINGTON Independent examiner's report to the trustees of HoMetArt Camden and Isllngton {'the Company'> I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbllltles and basls of report As the cEwitys trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordaDce with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company ar¢ not r¢quir¢d to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your chariws accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act?. In carrying out my examiDation I have followed the DircctioDS given by the Charity Commission under Section 145(5) Ib) of the20II Act. Independenl examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a mernber of a listed body. I can confirni that I am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, wbich is one of the listed bodies. I have completed my examination. I confirn) that no matteTS have come to my attention in connection with the examination giving me Cause to believe: accounting records were not kept in respect of the Company as required by Section 386 OF the 2006 A¢or the accounts do not acrd with those records; or the accounts do not mplY with the accounting requirements of Section 396 of the 2006 Act other thaD any requirement that the accounts give a true and fair view which is Dot a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the StatemeDt of Recommended Practice for accounting and reporting by cbarities (applicable to cbarities preparing their accounts in accordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no otber matters in connection with ihe examination to which attention should be drawn in this report in order to enable a proper understanding of the arxounts to be reached. Anwer Patel BA (Hons), FCA, BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Date: .... Page 7
HOME.START CAMDEN ISLth'GTON STATEMENT OF FINANCIAL ACTIVITIES (]NCORPORATING AN INCOME AND EXPETTuRE ACCOUNT) FOR THE YEAR EIYDED 31 MARCH 2024 31J.24 Total fuDds 31.3.23 Tolal funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM GTants 121,661 151,408 273.069 327,859 Investment income 1.747 1,747 315 Total 123,408 151,408 274,816 328.174 EXPENDITURE ON Raising funds 791 700 1,491 216 Charltsble actlvltles Direct Support 78.997 45.476 168,782 17320 247,779 62,696 237.341 82,735 Total 125.264 186,702 311966 320,292 NET INCOMEIIEXPENDtTURE) (1,856) (35,294) (37.150) 7,882 RECONCtLIATION OF FUNDS Total funds brougbt forward 226,031 58,077 284.108 276.226 TOTAL FUNDS CARRIED FORWARD 224,175 22.783 246,958 284,108 The notes forn) part of these financial statements Page 8
HOME-START CAMDEhl ISLINCTON STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 31J.24 31.3.23 Notes FIXED ASSETS Tangible assets 11 2,617 3,074 CURRENT ASSETS Debtors Cash at bank and in hand 12 2,908 353 J59 2.908 295.706 356,267 298,614 CREDITOIIS Amounts falling due within one year 13 (111,920 (17,580) NET CURRENT ASSETS 244,341 281.034 TOTAL ASSETS LESS CURRENT LIABILITIES 246.958 284,108 NET ASSETS 246.958 284,108 FUNDS Unrestricted funds Restricted fimds 75 224,175 22,783 226.031 58,077 TOTAL FUNDS 246,958 284,108 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial ststements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the Charitable company keeps accounting records that comply with Sections 386 and 387 of the Cornpanies Act 2006 and (b) preparing finaDcial statements whicb give a tJue and fair view of the state of affairs of the clwitable company as at the end of each financial year and of its surplus or deficit for each financial year in aecordance with the requirements of Sections 394 and 395 and which othenvise comply with the requirernènts of the Companies Act 2006 relating to financial statements. so far as applicable to the charilable company. The notes forn part of these fmancial statements Page 9 continued...
HoTART CAMDEN, Ahry) ISLINGTON STATEMENT OF FINAYk CiAL POSTTION - contlnued 31 MARCH 2024 These fmancial statements have been Prepared in accordance viith the provisions applicable to ¢lwitable companies subject to the small companies regime. The f)nancial statements wer¢ approved by the Board of Trustees aod aUthOris for issue OD . and were signed on its behalf by: Trustee IA- L CL< IfoLEfjY,. The noles forni part of these financial statements Page 10
HOME-START CAMDEN ISLTh'GTON li NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 AccoiiwfiNG POLICIES Basis of preparlng the flnancial statements The financial Statements of the charithble company. which is a public beneflt entlty under FRS 102, have been prq)ared in accordance with the Charities SORP (FRS 102) 'Accowiting and Reporting by Charities.. Statement of Recommended PractiLY applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical Cost convention. Income AII iDcom¢ is recognised in tbe Statement of FinaDcial Activities Once the charity has ¢Dtitlement to the funds. it is probablc that the income will be received and the amount can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlem¢DI date. In tbc event that 2 donation is subject to conditions that require a level of perforn]ance before the charity is entitled to thc funds, the income is defeed and not recognised Until either those conditions are fully met, or the fuifilment of those condition is wholly wltbin the control of the charity and is probable that those CODdiltons will be fulfilled in the reportin8 period. Tn¢ome from government and other grants, whether "Capital" grants or "Revenue" grants, is recognised when the charity has entitlement to the funds, any perforniance conditions attached to th¢ grants have been rneL it is probable that the income will be received and the amount can be measured reliably aDd is not deferred. Expendlture And Srre¢overAble Vvdt Liabilitics are recolSed as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic ben¢fits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the cate80ry. Where costs cAnnot be directly attributed to particular headings they have been allocated to activities on a basis COD51Stent with the use of resources. trrxov¢rable VAT is charged as a Cost against the activity for which the expenditure was iocurred. Alloc2tlon And 8PPOrtlonmeDI of costs Charitable expenditure includes all expenditure directly related to the objects of the charity and cornprises the following:_ Support costs of aetivities: Support costs of activities for charitsble purposes comprises the salary cosls of staff not engaged diTeCtly on charitable activities as they are iDvolved with project dcveloprnent and other project costs. There are a number of costs, including staffin8 Costs, where it is impraeticable to allocate these costs beiween administration and charitable expenditure and the trustees have allocated such costs to charitable expenditure. Management and administration of the charity: Management and administration ¢08ts represent expenditure incurred in the management of the charitls assets, organisational administration and compliance with charitable and statutory requirements. Pagell continued...
HOsTART CAMDTh' AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR EED 31 MARCH 2024 ACCOUNTING POLICIES - eontinued Allocatlon and apportionment of tosts Athninistration expenditure includes all expenditure not directly related to charitsble activity. In respect of certain items of expenditure. it IS 2 matter of judgement as to whether such items are direct charitable expenditure or are administrative. and the directors have applied what they consider to be reasonabl¢ judgements in apportioniDg such costs. Resources expended include attributable VAT which cannot be Tecovered. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off e asset over its estimated useful lif¢. Fixtures and fittings 330/0 on redu¢in8 balance Tangible fixed assets are 5tsted at historical cost less accumulated depreciation and any accumulated impairnient losses. Historical cost jDcludes expenditure that is directly attributable to bringing the asset to the location and ¢ODdilion necessary for it to be rapable of operating in the manner intended by management. TAXatlon The charity is exempt from corporation tax on its charitable activities. Fund accountlng Unrcstrictcd funds can be used in accordance with the cbaritsble objectives at the discreiion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aris¢ when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to the financial Statements. Penslon costs and otber po8t-retirement benefit$ The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable compan$ pension scheme are charged to the Staternent of Financial Activities in the period to which they late. Golng Coneern Thc trustees are confideftt that HSC&I is ID a position to operate for the next twelve months. As a result of this, the accounts have been prepared on a 8oin8 concern basis. OperAling Leases Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are Charged to profit or loss on a straight-line basis over the period of the lease. Debtors Page 12 continued...
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTll¥G POLICIES - contlnued Basic financial assets. including trade and other debtors, ar¢ initially reco}sed at transaction price, unless the arrangement constitutes a financing transactioffj where the transaction is measured at the present value of the future receipts discowjted at a market rate of interest. Such assets are subsequently carried At amortised cost using the effective interest metho(L less any impairnient. C*$h and Cash Equlvalents Casb and &qsh equivalents are represented by cash in hao<L deposits held at call with financial institutions, and other short-lerm highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of Cash with insignificant risk of change in value. Credltors Basic financial liabililies, including trade and other creditors. loans from third parties and loans from related partie5, are initially rccognised at transaction price, unles5 the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest, Such instruments are subsequently caled at amortised cost wtsing Ibe effective interest method. less and impairnient WiDding Up or Dlssolution If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilitles, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. CRANTS 31.3.24 31.3.23 Gift aid Grdnts Donated services and facilities 2,594 269,575 900 3,233 308,779 15.847 273.069 327,859 Page 13 continued...
HOM&START CAMDEN AND ISLINGTON NOTES TO THE kncIAL STATEMENTS - eontinved FOR THE YEAR ENDED 31 MARCH 2024 GRANTS- tontinlled Grants receive included in the above, are as follows: 31.3.24 31.3.23 Fitzdale TnJ$t Hampstead Wells and Campden Tnt John Lyon's Charity MolS Charitable Trust The Tanza Trust St Pan¢ras Welfarc Trust Catnden Equality Fund - Strategic PartheTS St Andrew Holborn and stsfford's Charity VaTlOUS Other income Cripplegate Foundation Hornestart UK CAF American Donor Garfield Weston Foundation H S London BHNEL HS2 Camden Giving Co-op Local Community Fund London Catalyst Peter Stebbings Memorial Charity Nationwide Building Society The Big Give Trust The Mitchell Charitable Trust City of LondoD Sir Jule$ Thorne Charitabl¢ Trust Anton Jurgens Charitable Trnst Home Start txeds CamdeD Community Parthership Team Supporting Communities The Hospital Saturday Fund Semble Network Bright Start North Bright Start Dad Matters 3,000 3,000 10,800 38,500 2,500 35,435 4200 700 45,000 8,000 21,207 13,178 4J75 45,000 750 14,)2] 12,550 8,800 S,J55 7,500 30.000 5.625 2,599 1.000 18.750 20,000 17,900 5,625 2,500 10,000 33,960 158 30.000 38a20 39,236 2,500 9,000 soo 15,000 2JOO 1,000 805 7JOS 269.575 308,779 Page 14 continued...
HOME-START CAMDEN AND ISLINGTON NOTES TO THE lANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 31J.24 31.3.23 Deposit account interest 1,747 315 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Direct Support 218,426 25,5S6 29J53 37,140 247,779 62,696 243,982 66,493 310,475 SUPPORT COSTS Inforn)ation HumaD Management technology resources Direct Support 24596 25.669 5.026 25,669 5,026 24,596 Premises Costs Governance costs Totals Direct Support 4,754 3,076 29a53 37,140 3a69 3J72 7,830 66,493 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after Chargin{crediting). 313.24 31.3.23 Depreciation - owned assets Independent Examiners Fees 457 2,700 3,006 2,700 Page IS continued..
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FtNANCTAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REMUNERATION AND BENEFITS There weie no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees expenses 313.24 31.3.23 Trustees, expenses 31 STAFF COSTS 31J.24 31.3.23 Wages and salaries Social security costs Other pension costs 220,842 16,480 5,256 197,334 14.660 4,634 242,578 216,628 The average monthly number of employees during the year was as follow$: 313.24 31.3.23 Charttable Activities Management and Administration No employexs received ernoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR 31J.23 Unrestricted Restricted ToLql fund fund funds INCOME AND ENDOWMENTS FROM Grants 133,846 194.013 327,859 Investment Income 315 315 TotAI 134,161 194.013 328.174 EXPENDrruRE ON Raising funds 216 216 Charltgble activities DiTect Support 83,524 59,778 J53.817 22,957 237,341 82,735 Page 16 continued,,,
HOME-START CAMDEN AND ISLtNGTON NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIEs FOR 31J.23- conlfinued Unrestricted Restricted fund flmd Totsl funds Total 143,302 176,990 320292 NET INCOMEI(EXPEIYDKTURE) (9,141) 17,023 7.882 RECONCILIATION OF FUNDS Total funds brought forward 235,172 41,054 276,226 TOTAL FUNDS CARRTED FORWARD 226.031 58,077 284.108 10. KEY MANAGEME PERSONNEL The Key Management Personnel is considered to be the Chief Executive whose remuneration w¢r¢ £38,21 O per annum in the year. (2023.. £37.000). 11. TANGIBLE FJXED ASSETS Fixtures fittings COST At l April 2023 and 3 l March 2024 11,434 DEPRECIATION At l April 2023 Charge for year 8J60 457 At 31 March 2024 8,817 NET BOOK VALUE At 31 March 2024 2.617 At 31 March 2023 3.074 Page 17 continue(L..
HOME-START CAMDEN ISLLN'GTO NOTES TO THE HNANCIAL STATEMEhTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 12. DEBTORS: AMOIINTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtoys Prepayments 35 2073 35 2.873 2908 2,908 13. CREDITORS: AMOUNTS FALLING DUE WMUN ONE YEAR 31J.24 31.3.23 Trade creditors Social security and other taxes Other creditors Pension Deferred Income 5.881 4.942 271 952 5,534 5,746 308 1,136 104,736 111,926 17,580 Deferred Income related to funds receiv¢d in advance for use in the following year. 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Totsl funds 31.3.23 Total funds Unrestricted Restricted fimd fimd Fixed assets Current assets Current liabilities 2.617 333,484 (111,926) 2,617 356,267 (111.926) 3,074 298,614 (-17.580) 22.783 224.175 22,783 246.958 284,108 IS. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestrlcted funds- GeDeral fund 226,031 {1.856) 224,175 Restricted fundi R¢strided Funds 58,077 (3S,294) 22,783 TOTAL FUNDS 284,108 (37,150) 246,958 Page 18 continued...
HOME-START CAMDEh' AND ISLINGTON NOTES TO THE FfNANClAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- contlnued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestrleted funds General fund 123,408 (125,264) (1,856) Restrlcted fund$ Restricted Funds 151,408 (18&702) (35,294) TOTAL FUNDS 274.816 (311.966) (37.150) Comparatlv¢s for Djovement In funds Net movement . in funds At 3.113123 At l14122 Unrestrlcted fundi General fund 235,172 (9,141) 226,031 Restricted funds Restricted Funds 41.054 17,023 58,077 TOTAL FUNDS 276226 7,882 284.108 Comparative net movement in PLd8, included ID the above are as follows: Incorning Resources Movernent resources expended in funds Unrestricted funds General nd 134,161 (143,302) (9,141) Restricted fund5 Restricted Funds 194,013 (176,990) 17,023 TOTAL FUNDS 328,174 (320292) 7,882 Page 19 continued...
HOME-START CATh(DEN AND ISLINGTOIY NOTES TO THE NANCIAL STATEMENTS * continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS - CODtinued Analysfis of Restricted funds eArried forward as at 31st March 2024 31J.24 31J.23 Cripplegate Foundation Filzdale Trust Hcdley Foundation Homestart UK HS UK BHBF HS2 CamdeD Giving John Lyon's Charity National Lottery Fund Peter Stebbings Mernorial Charity Postcode Community Tnt Two Magpies Fund SAr Jules Thorn Charitable Trust London Catalyst St Andrew Holborn and Stsfford's Charity Hampstead Wells and Camden Tnt Anton Jurgens Charitable Trust CAF American Donor City of tJ)ndon Camden Community Parthership Team Supportin8 Communities Garfield Weston Foundation Bright Start Dad Matters Bright Start Grass Roots Cadent Gas Hospital Saturday Fund The Mitchell Trust 1,636 318 79 (1,287) 569 2,102 528 6,845 3,068 2.466 569 7.428 277 5.542 15 10 2,500 1,000 750 7,150 162 19 2,122 226 780 27 337 40 47 2,738 25 la90 960 9,962 1,007 &75S 1,010 7,500 22,783 58,077 Page 20 continued...
H0fvTART CAMDEN AND ISLIP4GTON NOTES TO THE NANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Marcb 2024. 17. SHARE CAprrAL The company is limited by guarantee and iherefore has no share capitsl. Page21