REGISTERED COMPANY NUMBER: 4177691 (England and Wales) REGISTERED CHARITY NUMBER: 1086292 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR HOME-START CAMDEN AND ISLINGTON (A COIVIPANY LIMITED BY GUARANTEE) Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY
HOME-START CAMDEN AND ISLINGTON CONTENTS OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 Page Chairman's Report Report of the Trustee5 Independent Examiner's Report ststement of Finaneial Aetfivltfies Statement of Financlal Posltion 10 to 11 Notes to the Flnancial Statements 12 to 22 Detalled Statement of FinADeial Aetlvltles 23 to 24
HOMSTART CAMDEN AND ISLINGTON CIIAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 It's been another very dcmanding year for the families that we support. The continuing Cost of living crisis and the range of practical and emotional Problems and issues thai they fa¢¢ made it hard for them to cope with the pressures of everyday life. It also tested our resources and resilience again, but staff and volunteers once again rose to the challenge. Under the dynamic and entery)Tising leadership of our CEO. Naomi, we continued to provide all the essential services. and even enhanced and broadened our offering in order to give families more opportunity to engage with ihe local community. Jackie, our head of service delivery, and our excellent family liaison managers, Saiqffj Anna and Natasha are a forniidable team that provides a wealth of relevant local knowledge and experience. We were delighted to recruit Zoe lo a new role of community proj¢¢ts manager, and also have Eleni, &s our very capable operations co-ordinator. and Madalina, our diligent bookkeeper. Our family support volunteers are the backbone of the charily. The trustees and staff always recognise and appreciate the importance of their invaluable front-line support. We have also benefitted from the input of some specialist and general office volunteers. as well as others helping to enhance our community oulreach, in which context l applaud the contribution of our Friends of Home-stam volunteers. The support and gencrosity of our funders and partners is crucial in meeting our objectives. A big thank you to eacli and every one of you. I must a]so acknowledge the part played by my fellow trustees. Jacquie, Georgie, Sally, Amand4 Clare, Adelina and Yosh continued to give their time, counsel and expertise voluntarily. Then there is the contribution of Home-start UK and Home-start London, whose initiatives and assistance have been much apprecialed across a number of different areas, It is an opportunity also thank all the other people and organisations that help our charity lo fulfil its mission of supporting and empowering families with young children across Camden and Islington that are in need. Over the last year Home-start Camden & Jslington has progressed on several fronts in making sure we are fit for purpose in the coming years. This has included reviewing and updating our strategic plan, in order to prioritise and set new goals and largets for the next three years. We have also developed an action plan to help further ensure equality, diversity and inclusivity are always major considerations in everything we do. Other Anitiativcs have included quality assurance assessments and reviews of all our processes and procedures, including governance, leadership. protecting families and saf¢guarding. Following a recent skills audit and review, we are WOTknng on a number of iniliatives to ensure the Board's effectiveness and succession planning. All of thÉs has contributed to our goals of strengthening and building our relationship with families, volunteers and funders, increasing support for families that reflects their needs, and promoting our offering as an effective and trusted preventative community service. Page I
HOME-START CAMDEN AND ISLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The tru5te¢s who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the y¢ar ended 31 March 2025. The Irustc¢s have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practi¢¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019), ORIEcfIvES AND ACTIVITIES Objective$ and aims Home-start Carnden & Islington (H-SC&I) is a grass-roots charity that supports and empowers families with young children who are struggling io cope with everyday life. Our vision is a Camden & Islington community in which all families have the support they need to give iheir children the best possible start in life, and where our volunteers are valued and encouraged. Our mission is to help families cope with diverse challenges by recruiting and training volunteers with experience or knowledge of parenting to provide both practical and emotional support. They empower parents and carers to build better lives lor ¢hildren by helping them to learn to cope with challenges. 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 opcnness, flexibility and being rooted in our community. Public benefit provlded by the Charity The Trustees confirm that they have complied with the duty in section 4 of the Charitie5 Act 2006 to have due regard to public benefit guidance published by the Commission in detemining the activiti¢s undertaken by the Charity. The company is a charity and ¢xists to safeguard and protect the mental and physical hea]Ih of children and their parenls in the London Boroughs of Camden and Islington. H-SC&I's service meets a need for families unable to access other services for a range of reasons. Unlike most other services, each H-SC&I volunteer provides one family with their undivided attention. The family can build a solid relationship with the volunteer and place trust 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 information with the coordinator so that appropriate support can be found from other services. As a non-statutory organisatioTh many familics feel more comfortable tuming to Home-start for support as the volunte¢rs are parents or have parenting experience themselves. Research has shown that this increases parental confidence in bringing up their children, enable5 families to access local services appropriately, reduces isolation for parents and children and generally increases resilience in families to make a1&8ting impact. H-SC&I supports a large number of volunteer5 by Providing opportunitie5 which can assist them in developing work-related skills and increasing their chan¢es of employability when they are ready to enter or return to the workpla¢¢. Page 2
HOME-START CAMDEN AND ISLIIYGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEvFMErS AND PERFORMANCE Activities, Performance and Plans for Future Periods It's been another very demanding y¢ar for the community that we support, and so also for our charity. The continuing cost of living crisis and the plethora of problems and issues that our families fac¢ have test¢d both our resour¢es and resilience. bul staff and volunteers once again rose to the challenge with admirable positivity and commitment. Their efforts have supported families who are among some of the most disadvantaged in the country, and we provide a service that is multi-culturally sensitive for all people across Camden and Islington. The majority of H-SC&I volunteers are parents or carers themselves, which helps them to undersland and empathise with whal supported families are going through, and find solutions and coping strategies to overcome the difftculiies they are facing. During the year, 14-SC&I supported 169 families equating to 331 children. The charity also supported, trained and supervised 75 volunteers. Feedback continues to show that families find th¢ support we provide enorniously helpful and empowerin Ow CEO continues to demonstrate dynamic and effective leadership, and is the driving force in our mission to be an integral and valued part of the local community. Our head of delivery, provides a wealth of relevant local knowledge and experience, as do our excellent FLMS. 'fhey are complemented by our very capable and enterprising operations manager, and our diligent bookkeeper. We have also benefitted from the much appreciated input of several specialist and general office volunleers, 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 truslees and staff always reco1$¢ 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 for the effective govemance of the charity. We welcomed three new trustees during the lasl y¢ar including a new treasurer and a new secretary. W¢ hav¢ progressed on several fronts during the last year in our commitment to ensurc the continuing effectiveness of the charity, and our ability to be true to our objectives, vision. mission and valu¢s. Our goalj for the year commenelng l Aprll 2025 are: - Quantifying and articulating the scope and scale of our offering and services. - Developing a plan of action to confimi, identify, engage with, and collaborate on partnerships 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. Incre&sing our profile and share of voice with our slakeholders, targeted audien¢¢s and in relevant forums Ensuring that our EDI Action Plan feeds into all relevanl touchpoints in our strategic plan. - Board and staff leadership effectiveness and succession planning An important element in terms of achieving our goals h&8 been the work over the l&sl year on updating 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 w¢ havc focused more on developing associations and partnerships with an eclectic range of relevant organisations based in Camden and Jslington. We also spent some time ensuring that all our policie5 and prwedures are upto-date and fit for purpose. and were able to renew our agreement with Home Slart Page 3
HOME-START CAMDEN IIND ISLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Reserves policy The trustees have established a policy of both unrestricted or free reserves and restricted reserves. Restricted reserves are made up of any funding r¢c¢ived in the current financial year that is for a specific project or work that will be delivered in a futur¢ financial year. As at 31 March 2025 the restricted reserves amounted to £36,937 (2024: £22,783) for use in financial year 2025-2026 Unrestricted or free reserves come from unutilized donations and surplus funds and the trustees established that the free reserves of the charity should be sufficient to cover the Costs of an orderly wind down of the charity. The trustees feel that due to the ongoing challenges in the economic environment, together with the increased difficulty in fundraising seen across the sector and heightened digita] security risks, it is necessary to continue to hold free reserves of between £200,000 - £240,000 (7-9 months running costs)- Al this level the trustees feel that the charity should be able to meet all its obligations in an Orderly winding down of its activities. As at 31 March 2025, free reserves amounted to £219,049 (2024: £224,175). The trustees are working io maintain this level of free reserves. TransactloDS and FinaneiAI Position The total funding received in the period amounted to £349,414 an increase of £74,598 on the previous year (2024.. £274,816). The primary sources of funding for the year were generou5 grants received from: Camden Strategi¢ Partners. Cripplegate Foundation. Fitzdale Trust, Garfield Weston, HS2 Camden Giving, John Lyons Charity, City of London, Peter Stebbings Memorial Trusl, HS London BFfNEL, Nationwide Building Society. The Milchell Charitable Trust, and Bright Start Dad Matters. The total r¢sources expended were £340,386, an increase of £28,420 on the previous year's expendilure of £311,966. Reserves at the end of the financial year ended 31 March 2025 were £255,986 of which £219,049 were unrestricted reserves (2024: £224,175). Restricted reserves of £36,937 (2024.. £22,783) were carried forward at the ¢nd of the financial year. STRUCTURE, GOVERIYANCE AND MANAGEMEIYT Nature of the Governing Document and Constltutlon of the CbArity Home-start Camden & Islington is a company limited by guarantee governed by its Memorandum and Articles of Association (M&A) dated 12 March 2001. Including the activities of its predecessor organisation, Home-start Camden has been delivering family support services for 26 years since its launch in June 1995 and was renamed Home-start Camden & Islington in June 2018 due to expansion into th¢ neighbouring borough. The current charity was registered with Ihe ChaTity Commission on 23 April 2001. Page 4
HOME-START CAMDEN AMI ISLINGTOIY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMEr Risk management The Trustees conduct regular reviews of any major risks to which the charity may be exposed. Where appropriate, systems OT Procedures have been established to mitigate and minimise identified risks the charity faces by irnplementation of procedures such as the authorisation of all transactions and projects, levels of authorisation etc. Procedures are in place to ensure compliance with all statutory requirements including employment law and the health and safety of staff at work and volunteer activities undertaken to support families. A Safeguarding Policy is in place and Disclosure and Barring Service checks are carried out on all volunteers and employees who are likely to Come into contact with vulnerable children or adults. Other appropriate controls are in place to mitigate financial risks 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 ADMINISTRATIVE DETAILS Registered Company number 4177691 (England and Wales) R¢glstered Chirlty Dumber 1086292 Reglstered offlce 7 Dowdney Close London NW5 2BP Page 5
HOME-START CAMDEIY AND ISLINGTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees The members of the Board of Trustee5 of the Charity during the year ended 1st April 2024 to 31 March 2025 were: Ian Jesnick (Chair) Jacquie Moreton (Deputy Chair) Amanda Goddard Sally Barwell Georgina Trevor Clare House Vanya Barwell - Resigned 2nd April 2025 Imogen Shaw - Resigned 2nd April 2025 Adelina Hakaj - Resigned 9th Sept¢mb¢r 2025 Yoshiaki Sasamura The members of the Board of Trustees of the Charity at the date the report and accounts were approvcd were: Ian Jesnick (Chair) Jacquie Moreton (Deputy Chair) Sally Barwcll Amanda Goddard Georgina Trevor Clare House Yoshiaki Sasamura All the directors of the company are also truste¢s of the charity) and their responsibilities include all the responsibilities of directors under the Companies A¢ts and of trustees under the Charities Acts. Company Secretary Ja¢queline Moreton The name of tbe senior staff member to whom day-towday management of the chvdrlty is delegaled by tbe cbarlty trustees: Chief Executive Officer: Clara Jeffties (from 28th July 2025) Naomi Smith (resigned on I lth July 2025) Independent Exan)Iner Anwer Patel BA (Hons), FCA, BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY SHARE CAPITAL The company is limited by guarantee and th¢r¢fore has no share capital. Page 6
HOM&START CAMDEN AIYD ISLINGTON REPORT OF THE TRUSTEES THE YEAR ENDED 31 MARCH 2025 Approved by order of the board of trustees on .......... .. .. signed on its behalf ty. Tntee iYQLb Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOME-START CAMDEN AND ISLINGTON Independent examiner's report to tbe trustees of Home-start Camden and Islfington ('the Company,) I report to the charity trustee5 on my enInatiOn of the accounts of the Cornpany for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Acl 2006 Cthe 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of ihe 2006 Act and are eligible for independent examinatioo I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (*h¢ 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 2011 Act. Independent cxamlner's statement Since your Charity's gross incorne exceeded £250,000 your examiner must b¢ a member of a list¢d 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, which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in Connection wilh the examination giving me cause to believe: accounting r¢cord5 were not kept in respect of the Company as required by Section 386 of Ihe 2006 the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirern¢nt that th¢ accounts give a true and fair view which is not a matter considered as part of an independent examination. or Ihe accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come acros5 no other matters in conne¢lion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. AnweT Patel BA (Hons), FCA, BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Date: lo..aS....... Page 8
HOME-START CAMDEN AND ISLINGTON STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 TotAI funds 31.3.24 Total funds Unrestrict¢d Restricted fund fund Noles INCOME AND ENDOWMENTS FROM Grant5 105,494 241,437 346,931 273.069 Investment income Other income 1,783 700 1,783 700 1,747 Total 107,977 241,437 349,414 274,816 EXPENDITURE ON Raising fund8 3,136 766 3,902 1,491 ChArltable actfivities Direct Support 40,860 69,107 209,293 17224 250,153 86J31 247,779 62,696 Total 113.103 227,283 340,386 311,966 NET INCOMEI(EXPENDITURE) (5,126) 14,154 9,028 (37.150) RECONCILIATION OF FUNDS Total funds brought forward 224,175 22,783 246,958 284,108 TOTAL FUNDS CARRIED FORWARD 219,049 36,937 255,986 246.958 The notes forn] part of these financial statements Page 9
HOME-START CAMDEN AND ISLINGTON STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 31.3.25 31.3.24 Notes FIXED ASSETS Tangible assets 2224 2,617 CURRENT ASSETS Debtors Cash at bank and in hand 12 6,905 276,171 2,908 353,359 283,076 356,267 CREDITORS Amounts falling due within one year 13 (29,314) (111,926) NET CURRENT ASSETS 253,762 244,341 TOTAL ASSETS LESS CURRENT LIABILITIES 255,986 246,958 NET ASSETS 255,986 246,958 FUNDS Unrestricted funds Restri¢tcd funds 15 219,049 36,937 224,175 22,783 TOTAL FUNDS 255,986 246,958 The charitable ¢ompany is enlitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance wilh Section 476 of the Companies Act 2006. lTh¢ trustees acknowledge their responsibilities for (a) ensuring Ihat the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial slatements which give a true and fair view of the slate of affairs of the ¢haritable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which olherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Charlble company. The notes forni part of these fjnancial statements Page 10 continued..
HOME-START CAMDEN AYJ D ISLtNGTON sTATEMr OF FINANCIAL POSITION- continued 31 MARCH 2025 companies subject to the snthll COmPaDies regin]e. The fillaDc1 statenwits were approved by the Board of TnL8tees and authorised f issue oll and wcre signed on its beIlf ty. JAW i c4 Trustee S*flrf¥ L£•uiSL ioc The notes form part of these financial 8tatements Page 11
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTINC POLICIES Basis of preparAng the flnanclal statements Th¢ fanCIal statements of th¢ charitable company) which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 conventton. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donations are recognised when the charity h&8 been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perforn]ance before the charity is enlitled io the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfjlment of those condition is wholly within the control of the charity and is probable that those conditions will be fulfilled in ihe reporting period. Income frorn government and other grants, whether "Capilal grants or Revenue" grants. is recognised when the charity has enritlement to the funds, any perfoTmance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not defeffed. Expenditure and irrecoverable vat Liabilitie5 are reColSea as expenditure as soon as there 15 a legal or constructive obligation ¢ommitting the charity to that expendilure, it is probable ihal a transfer of economic benefits 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 aggregats ¢05t related to th¢ category. Where costs Cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of r¢sources. Irrecoverable VA T is charged as a cost against the activity for which the expenditu was incurred. Allocation and apportionment of Costs Charitable expenditure includes all expenditure directly related to the objects of Ihe charity and comprise5 the following:" Support costs of activities: Support ¢05ts of activities for charitable purposes comprises the salary costs of staff not engaged directly on charitable activities as they are involved with project development and other project costs. There are a number of costs, including staffing costs, where it is impracticable to allocate these costs between administration and charitable expenditure and the trustee5 have allocated such costs lo charitable expenditure. Management and administration of the charity: Management and adminÉstration costs represent expenditure incurred in the rnanagement of the charity's assets, organi5ational administration and compliance with charitable and statutory requirements. Page 12 continued...
HOME-START CAMDEN AND ISLIIYGTON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - contlnued Allocation and apportionment of costs Adniinistration expenditure includes all expenditur¢ not directly related to charitable aclivity. In respect of certatn items of expenditure, it is a matter of judgement as to whether such ilenis are direct charitable expenditure or are administralive, and the directors have applied what they consider to be reasonable j udgements in apportioning such costs. Resources expended include attributable VAT which cannot be recovered. Tangible fixed assets Depreciation is provided at the following annual rates in order to Nvrite off each asset over its estimated useful life. Fixtures and fittings 330/0 on reducing balance Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impainneni losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the locatlon and condition necessary for it to be capable of operating in the manner intended by management. Taxatlon The ¢harity is exempt from corporation tax on its charitable activities. Fund #¢¢ounting Unrestricted funds can be used in accordance with the charitable objectives at the discrelton of the trustees. Restricted funds Can only be used for particular restricted purposes within the obj ects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrict¢d purposes. Further explanation of the nature and purpose of ¢a¢h fund is included in the notes lo the financial statements. Pension costs and other post-retirement benefits I'he charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Golng CoDcern The trustees are Confident that HSC&I is in a position to operat¢ for the next twelve months. As a result of this, thc accounts have been prepared on a going concern basis. Operating 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 or the lease. Debtors Page 13 continued...
HOME-START CAMDEN AIYD ISLINGTON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Basic financial assets, including trade and other debtors, are initially Tecognised at Iransaclion price, unless the arrangement constitutes a financing transaction, where the transaction is me&8ured at the present value of the future receipts discounted at a market rate of inteTest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairnient. Cash and Cash Equivalents Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-temi highly liquid investments that mature in no more than three monihs from the date of acquisition and that ar¢ readily convertible to known amounts of cash with insignificant risk of change in value. Creditors Basic financial liabilities, including trade and other Creditors, loans from third parties and loans from related partie5, are inilially rccognised at transaction price, unless the arrangernenl constitutes a financing transaction. where the debl instrument is measured at the pre5enl value of the sulure payments discounted at a market Tate of inlerest. Such instruments are subsequently Carried at amortised cost using the effective interest method, less and impairment Windfing Up or Dlssolutlon If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all d¢bts and liabilities, the assets represented by the accumulated lund shall b¢ transferred to some other clwiiable body or bodies having sirnilar objects to the charity. GRANTS 31.3.25 31.3.24 Gift aid Grants Donated services and facililies 4,181 342,750 2,594 269,575 900 346,931 273.069 Page 14 continued...
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINAY4CIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 GRANTS - continued Grants received, included in Ihe above, are as follows: 31.3.25 31.3.24 Hampstead Wclls and Campden Trust John Lyon's Charity Fitzdale Trust St Pancr&8 Welfare Trust Camden Strategic Partners St Andrew Holborn and Slafford's Charity Various other income Cripplegate Foundalion Homestart UK CAF American Donor Garfield Weston Foundation Berkley Homes North East London The Charity of Sir Richard Whittington HS2 Camden Giving City Bridge Trust London Catalyst The Hedley Foundation Peter Stebbings Memorial Charity Nalionwide Foundation The Mitchell Charitable Trust The Hospital Saturday Fund S¢mble Network Bright Start North Bright Start Islington Compass Wellbeing Tesco Stronger Starts The Caring Family Foundation London Childhood Trust Cadent Gas 10,534 40,000 4,000 600 42,500 10,000 23,103 6,903 720 500 20,000 10,000 27,465 4,200 3,000 700 45,000 8,000 21,207 13,178 4,375 20,000 17,900 5,625 38,320 2,51)0 16,100 2,000 10,000 33,960 30,000 2,500 1,000 805 7,305 38,075 39,758 21,656 5,000 18,750 710 4076 342,750 269,575 Page 15 continued...
HOME-START CAMDEN AND ISLIIYGTON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 31.3.25 31.3.24 Deposil account interest 1.783 1,747 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totsls Direct Support 224J70 32,433 25.783 53,898 250,153 86,331 256,803 79,681 336,484 SUPPORT COSTS Inforniation Management technology Human resources Direct Support 25,783 4,923 29.400 4,100 29,400 4,100 30,706 Premises Costs Governance costs Totals Direct Support 25,783 53,898 3,751 11,724 3,751 11,724 79,681 NET INCOME/(EXPENDITURF) Net incomel(expenditUTe) is stat¢d after charging/(crediting): 31.3.25 31.3.24 Depreciation - owned assels Independent Examiners Fees 393 2,750 457 2,700 Page 16 ntinued...
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses 31.3.25 31.3.24 Trustees, expenses 31 STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Other pension costs 228,302 17,510 5,294 220,842 16,480 5,256 251,106 242,578 The average monthly numb¢r of employees during Ihe year was as follows.. 31.3.25 31.3.24 Chariiabl¢ Activities Management and Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR 31.3.24 Unrestricted Restricted Total fund fund funds INCOME AND ENDOWMENTS FROM Grants 121,661 151,408 273,069 Investment income 1,747 1,747 Total 123,408 151,408 274,816 EXPENDITURE ON Raising funds 791 700 1,491 Cbaritable activities Direct Support 78,997 45,476 168,782 17,220 247,779 62,696 Page 17 continued...
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THF YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR 31.3.24 - eontlnued Unrestricted Restricted fund fund Total funds Total 125,264 186.702 311,966 NET INCOMEI(EXPENDITURE) (1,856) (35,294) (37,150) RECONCILIATION OF FUNDS Total funds brought forward 226,031 58,077 284,108 TOTAL FUNDS CARRIED FORWARD 224,175 22,783 246,958 10. KEY IANAGEMENT PERSONNEL The Key Managcment Personnel is considered to be the Chief Executive whose remuneration were £42,143 per annum in the year. (2024: £38,210). 11. TAIYGIBLE FIXED ASSETS Fixtur¢s and fittings COST At l April 2024 and 31 March 2025 11,434 DEPRECIATION Al l April 2024 Charge for year 8,817 393 At 31 March 2025 9,210 NET BOOK VALUE At 31 March 2025 2,224 At 31 March 2024 2.617 Page 18 continued...
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS - eontinlled FOR THE YEAR ENDED 31 MARCH 2025 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade deblors Other debtors Prepayments 2,188 35 2,873 4.717 6,905 2,908 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Social security and other taxes Other creditors Pension Deferred Income Accrued expenses 5.092 208 5,746 308 1,136 104,736 21,264 2,750 29,314 111,926 Deferred Income related to funds received in advance for use in the following year. 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31,3.24 Totsl funds Unrestricted Restricted fund fund Fixed assets Current assets Current liabilities 2,224 246,139 (29,314) 2,224 2,617 283,076 356,267 (29,314) (111,926) 36,937 219,049 36,937 255,986 246.958 15. MOVEMEIYT IN FUNDS Net movement in funds At 3113125 At 114124 UDrestrActed funds General fund 224,175 (5,126) 219.049 Restrfeted funds Restricted Funds 22,783 14,154 36,937 TOTAL FUNDS 246,958 9,028 255,986 Page 19 continued...
HOME.START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 IS. MOVEMENT IN FUIYDS- continued Net movement in funds, included in the above are &$ follows: tncoming R¢sources Movement resourc¢s expended in funds Unrestricted funds General fund 107,977 (113,103) (5,126) Restricted funds Restricted Funds 241,437 (227283) 14,154 TOTAL FUNDS 349,414 (340J86) 9,028 Comparatives for movement in funds Net mov¢ment in funds Al 3113124 Al 114123 Unrestricted fuDds General fund 226.031 (1,856) 224,175 Rejtrieted funds Restricted Funds 58,077 (35,294) 22,783 TOTAL FUI¥4DS 284,108 (37,150) 246,958 Comparative net movement in fund& included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestri¢ted funds General fund 123,408 (125,264) (1,856) Restricted fuDds Restricted Funds 151,408 (186,702) (35,294) TOTAL FUNDS 274,816 (311,966) (37.150) Page 20 continued.,.
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 15. MOVEMENT IN FUNDS- continued Analysls of Restrlcted funds carried forward as at 31st March 2025 31J.25 31.3.24 Cripplegate Foundation Fitzdale Trust The Hedley Foundation Homestart UK Berkley Homes North Easl London HS2 Camden Giving John Lyon's Charity National Lottery Fund Peter Stebbings Memorial Charity Postcode Community Trust Sir Jules Thorn Charitable Trust London Catalyst St Andrew Holborn and Stafford's Charity Hampstead Wells and Camden Trust CAF American Donor City Bridge Trusl Camden Community Partnership Team Supporting Communities Garficld Weston Foundation Bright Start Islington Bright Start Grass Roots Cadent Gas Hospital Saturday Fund The Mitchell Charitable Trust Total BHBF The Caring Family Foundation 1,636 318 79 (1,287) 1,958 2,102 528 2,667 26,667 162 19 2,122 226 780 27 337 40 47 2,738 25 lJ90 960 9,962 6,667 416. 520 36,937 22,783 Page 21 continued...
HOME-START CAMDEN AND ISLINGTON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 16. RELATED PARTY DISCLOSURES There wer¢ no related party transactions for the year ended 31 March 2025. 17. SHARE CAPITAL The company is limited by guarantee and therefore has no share capital. Page 22
HOME-START CAMDEN AND ISLINGTON DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Grants Gift aid Grant5 Donated Services and facilities 4,181 342,750 2,594 269,575 900 346,931 273.069 Investment income Deposit account interest 1,783 1,747 Other income Other Incomc 71)0 Totgl Incomlng rejourees 349,414 274.816 EXPENDITURE Other tradlng activities Fundraising Costs 3,902 1,491 Charltable aetlvitie8 Trustees, expenses Wages Social security Pensions Insurance Rent, Rates & Servic¢ Charge Telephone Postage and stationery Advertising Subscriptions and Capability Computer Project Fixtures and fittings 31 195,173 16,480 5,256 1,243 20,863 1,355 251 617 1.155 900 658 198,902 17,510 5294 1,117 25JS0 1,664 1,358 648 4,567 393 256003 243,982 Support costs Management Administrative Staff 29,400 25,669 This pag¢ does not forn] part of the statutory financial statements Pag¢ 23
HOME-START CIIMDEN AIYD ISLINGTON DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 Management Informatlon teehnology IT Maintenance and Software 4,100 5,026 Human resources Volunteers Costs Staff Training and Travel Exp HSUK2% 18012 7,471 4,923 12,103 6,872 5,621 30,706 24.596 Premises Cosls Cleaning Expenses Repairs and Renewals Miscelleneous 1,123 2,528 100 1,467 1,788 117 3,751 3,372 Governance eosts Independent Examination Fees Bookkeeper's Fees Other Governance Costs 2,750 4,992 3,982 2,700 4,754 376 11,724 7,830 Total resources expendcd 340,386 311,966 Net ineomel(expeDditure) 9,028 (37,150) This page does not forn part of the statutory financial statements Page 24