Docusign Envelope ID.. Fl7617A60214E8A.8l FE-B358B472DCDB Company registration number: 04190963 Charity registration number: 1088596 Homemaker Southwest (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025
Docusign Envelope ID.. F17817AO-60214E8A-81 FE.B358B472DCDB Homemaker Southwest Contents Reference and Administrative Detai15 Trustees, Report 2to7 Statement of Trustees, Responsibilities Independent Auditors, Report 9t014 Statement of Financial Activities 15 Balance Sheet 16 Notes to the Financial Statements 17to33
Do¢usign Envelope ID.. F17817AO-6021-4E8A41 FE-B358B472DCDB Homemaker Southwest Reference and Administrative Details Trustees Dr R C Cresswell. M.B.E. Ms J Froom MrRWBall MsNJHall Ms A L Swayne Mr P G Forsyth Andrea Carlisle, Director Vanessa Handley, Director of Development Sarah Fayter, Office Manager Senior Management / Leadership Team Charity Registratlon Number 1088596 Company Registration Number 04190963 The charity is incorporated in England and Wales. Unit I Stoke Damerel Business Centre Church Street Plymouth PL3 4DT Registered Office Auditors Four Fifty Partnership Chartered Accountants & Registered Auditor 34 Boulevard Weston-super-mare North Somerset BS23 INF Page I
Docusign Envelope ID.. F17817A0ffj0214E8A-81 FE-B358B472DCDB Homemaker Southwest Trustees, Report The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 March 2025, Objectives and activities Objects and aim5 The objects of the charity a5 set out in the Memorandum and Articles of Association are: il To promote the benefit of the inhabitant5 of the counties of Gloucestershire, Somerset, Wiltshire, Hampshire, Dorset, Devon and Cornwall and without distinction of sex or political, religious or other opinions to provide facilities in the interests of social welfare with the object of improving the conditions of life for the said inhabitants," ii) "To relieve persons resident in the designated area who; a) are in conditions of need, hardship and distress, or b) are homeless or threatened with homelessness. Our mission is to enable people, especially those who are vulnerable, to set up, maintain and sustain their homes, and thus prevent homelessness. We believe that everyone has the right to a safe, secure and affordable home; and that everyone has the right to be treated with respect, whatever their circumstances. We aim to promote social inclusion. We fulfil our mission in a variety of ways, including; - the assessment of what someone needs to maintain their home provision of advice and support according to individual circumstances, which may include making sure they get all the benefits to which they are entitled help with budgeting, paying bills, sorting out rent arrears, and dealing with debts accompanying clients to court hearings regarding rent arrears assistance with moving into a property. We continue to see a strong demand for our services due to the increased needs resulting from continuing high utility prices and higher costs of living. Continued hard work and diligence by our Management Team ensured that our annual income has largely been maintained. This ensured another year of stability for our experienced staff team. It is remarkable that despite the pressures and uncertainties caused by the general economic instability, Homemaker has continued to provide an excellent service to our clients and commissioners. The adaptability and dedication of our staff is highly commendable. Page 2
Docuslgn Envelope ID.. Fl7817A021-4E8A-8l FE-B358B472DCDB Homemaker Southwest Trustees. Report Public benefit The Charity's principal activities and main beneficiaries are set out in this report, highlighting the activities undertaken to further our charitable purposes for public benefit. The Charity does not charge its clients for accessing its services, which are funded either by grants and/or Service Level Agreements with commissioners. This allows services to be free at the point of delivery, helping us to access clients in hard-to-reach groups who might not engage if they could not afford to pay. Homemaker Southwest operates for the public benefit, and particularly in the following areas: preventing and relieving poverty relieving those in need, by reason of ill-health, disability, financial disadvantage or other disadvantage preventing homelessness and promoting independence for disadvantaged people. During the period l April 2024 to 31 March 2025, the Homemaker staff team: opened 2,024 new case files secured £6,860,412 in financial gains for clients, helping them to keep their homes and maintain their lives prevented 20 cases of homelessness. The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Use of volunteers The Charity make5 use of the services of volunteers and the Trustees appreciate and value their contribution. There is currently one volunteer who supports the team and assists with benefits and appeals. Page 3
Docusign Envelope ID.. F17817AO-60214E8A_81 FE.B358B472DCDB Homemaker Southwest Trustees. Report Financial review The Trustees have reviewed the financial position of the Charity and are agreed that it is currently viable and trade5 lawfully. It has a number of policies which help to ensure that the financial position is kept under continuous review; these include quarterly reports from the management team to the Board concerning cash flow and income/expenditure statements. These documents are reviewed by the Treasurer who makes spot checks for accuracy. A new 2 year + one contract to deliver a Money Advice service to Teignbridge DC started in April 2024. We also secured a temporary contract to deliver a similar service to Exeter CC from April-August 2024. As part of its financial horizon scanning, the Board looks at the security of income going forward and the proportion of contracts which are secure for the current and future year5. We are confident that sufficient income is secure for 2025/26, and that we can cover current expenditure. In January 2025, Citizens Advice advised that the Money and Pensions Service (MaPSI have confirmed continuation of funding to deliver a debt service in Plymouth and Torbay until March 2026. MaPS are currently discussing commissioning a new service from April 2028 and have said that they fully expect existing contracts to continue until the new service is operational. Demand for the service remains high. The contracts we have with local authorities continue, with two being re-awarded beyond March 2026. Torbay Partnership's {FAIR 21 bid to the National Lottery was successful and 2 years of funding runs from April 2025 to March 2027. We have a total of 12 staff; some are home-based and some are office-based. We continue to offer both a telephone service and a client face-to-face service where this is appropriate and necessary. This has increased some cost5 due to home working allowances, which have been more than offset by a reduction in travelling expenses. We have one office, which is in Plymouth; this is also our Registered Office address, from which the MaPS team work. Policy on reserves In accordance with the Charity Commission's guidance on reserves, the Board has considered and agreed to a reserves Strategy of creating a contingent reserve equivalent to a minimum of three months, running expenses plus potential redundancy costs. Thi5 would enable the Charity to continue its activities for a limited period i n the event of a significant drop in funding. The reserve (Note 18) currently stands at £168,500, the level required to fully meet the reserves strategy objective. Page 4
Docusign Envelope ID.. F17817AO-6021-4E8A-81 FE-B3S8B472DCDB Homemaker Southwest Trustees, Report PrincipalAunding sources Homemaker has a range of funding sources. most of them from statutory bodies such as local authorities and the Money Advice Service, or from Registered Social Landlords. The largest expenditure is on salaries for staff who help us to deliver our charitable aims in the homes and communities of our clients in the South West. The Board agreed a 7% pay increase with effect from 1st April 2025. Investment poliry and objertives Our main accounts are with the Co-operative Bank (current and online savings accounts) as they have lower costs and a better interface for charities. Reserves have also been lodged in a Nationwide Building Society Savings Account, a Charity Bank 100 Day Notice Account and a 200 Day Notice Account with United Trust Bank. It is our aim that no one account contains more than £85K. Going concern The trustees have prepared the financial statements on a going concern basis as, in their opinion, the Charity is able to meet its obligations as they fall due. This opinion is based on forecasting for the 12 months from signing these financial statements. The Charity continues to see a strong demand for its services due to the increased needs resulting from the high cost of living. The Trustees are confident that they will be able to obtain future funding from a wide range of sources to be able to continue this valuable work. As such, the Trustees are of the opinion that it is wholly appropriate to prepare the accounts on a going concern basis. Structure, governance and management Nature of governing document The charity is a private company limited by guarantee (number 041909631 and was incorporated on 30 March 2001. It was registered with the Charity Commission (Registration Number 1088596) on 26 September 2001. The company was established under a Memorandum of Association which describes the objects and powers of the charitable company, and it is governed under its Articles of Association. Page 5
Docusign Envelope ID.. Fl7817A0214E8A_8l FE_B358B472DCDB Homemaker Southwest Trustees, Report Recruitment and appointment of Trustees New trustees are appointed by the Board, after consideration of applications from volunteers. Trustee numbers can vary from a minimum of five to a maximum of twelve. During 2024125, one Board member resigned and another was recruited. Membership of the Board remains Stable with a total of six members. Recruitment of additional Board members is still seen as a priority. After 18 years as Chair of the Board of Trustees, Richard Cresswell has given notice of his intention to step down a5 Chair before the end of March 2026. He will remain a Trustee. The Board has begun a process of reviewing its Governance arrangements. Induction and truining of Trustees New Trustees are inducted by the Chair and Executive Directors. Training for Trustees is arranged as deemed necessary. The Trustees meet regularly, usually 5 meetings per year; more frequent meeting5 are held when circumstances demand. They are responsible for setting policies, managing financial affairs, and determining the Charity's strategic direction. Organisational strurture The Director, the Director of Development and the Office Manager form the Leadership Team which runs the Organisation on a day to day basis. All the case workers report to the Director of Development. The Director of Development, the Off ice Manager and the MAS Administrator report to the Director. Trustees and officers The trustees and officers serving during the year and since the year end were as follows: Trustees: Dr R C Cresswell, M.B.E. Ms S Morrison {resigned 18 September 2024> Ms J Froom MrRWBall MsNJHall Ms A L Swayne Mr P G Forsyth (appointed 18 December 2024) Page 6
Docusign Envelope ID.. F17817AO40214E8A41 FE-B358B472DCD8 Homemaker Southwest Trustees, Report Senior Management / Leadership Team.. Andrea Carlisle, Director Vanessa Handley, Director of Development Sarah Fayter, Office Manager Disclosure of information to auditor Each member has taken steps that they ought to have taken as a member in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The Trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. The annual report wa5 approved by the Trustees of the charity on on its behalf by: 27 November 2025 and signed br. Dr R C Cresswell, M.B.E. Trustee Page 7
Docuslgn Envelope ID.. F17817AO40214EW81FE-B358B472DCDB Homemaker Southwest Statement of Trustees, Responsibilities The Trustees {who are also the directors of Homemaker Southwest for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and Charities SORP 2019 (FRS 102} Statement of Recommended Practice issued in October 2019. Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period, In preparing these financial statements, the Trustees are required to: select suitable accounting policies and apply them consistently,, observe the methods and principles in the Charities SORP. • make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's webslte. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 27 November 20 Approved by the Trustees of the charity on ..-.......... d signed on its behalf by: Dr R C Cresswell, M.B.E. Trustee Page 8
Docusign Envelope ID.. F17817AO-6021-4E8A-81 FE-B358B472DCDB Hornemaker Southwest Independent Auditor's Report to the Members of Homemaker Southwest Opinion We have audited the financial statements of Homemaker Southwest (the 'charity'} for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice), In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Page 9
Docusign Envelope ID.. F17817AO4021-4E8th81 FE-8358&472DCDB Homemaker Southwest Independent Auditor's Report to the Members of Homemaker Southwest Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate, Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitv's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other information The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. Page 10
Docusign Envelope ID.. F17817AO-60214E8A-81 FE-B358B472DCDB Homemaker Southwest Independent Auditor's Report to the Members of Homemaker Southwest We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Trustees remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the Statement of Trustees, Responsibilities (set out on page 8), the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going contern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistit alternative but to do so. Auditor responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with 15As (UK) will always detect a material misstatement when it exists. Misstatements can arise frorn fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Page 11
Docusign Envelope ID.. F17817AQ-60214E8A_81 FE.B358B472DCDB Homemaker Southwest Independent Auditor's Report to the Members of Homemaker Southwest To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance and checking for any instances of safeguarding reports; reviewing registrations and regulatory returns in relation to debt advice work; enquiring of management as to actual and potential litigation and claims; and reviewing correspondence with HMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. Page 12
DocLssign Envelope ID.. F17817AO-60214E8A-81FE-B3588472DCDB Homemaker Southwest Independent Auditor's Report to the Members of Homemaker Southwest Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; we identified the laws and regulations applicable to the Charity through discussions with Trustees and other management, and from our knowledge and experience of the sector; we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Charity, including the Companies Act 2006, Charities Act 2011, Charitie5 SORP 12019 FRS1021, employment law and health and safety regulations. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the Charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: • making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud- and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. Use of our report This report is made solely to the charitable company's Trustees, a5 a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its Trustees as a body, for our audit work, for this report, or for the opinions we have formed. Page 13
Docusign Envelope ID: Fl7877A602l-4E8A-81FE-83S8B472DcDB Homemaker Southwest Independent Auditor's Report to the Members of Homemaker Southwest Joy Boswell FCCA FCA (Senior Statutory Auditor} For and on behalf of Four Fifty Partnership, Statutory Auditor 34 Boulevard Weston-super-mare North Somer5et B523 INF Page 14
Docusign Envelope ID.. F17817A0*021-4E8A-81FE-B358B472DCDB Homemaker Southwest Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Re¢o8nised Gains and Losses) Unrestricted funds Total 2025 Total 2024 Restricted Note Income and Endowrnents from: Charitable activities 164,094 7,715 17001 151,463 (2221 19,520 315,557 7,493 18,820 379,245 5,174 19,350 Investment income Other income Total Income 171,109 170,761 341,870 403,769 Expenditure on: Charitable activities {190,8361 (170,794) 1361,630) 1371,424) Total Expenditure {190,836> (170,794) 1361,630) 1371,424) Net (expenditure)/income Transfers between funds (19,727) 2,507 (331 (2,5071 119,760) 32,345 Net movement in funds (17,220) (2,5401 119,760) 32,345 Reconciliation of funds Total funds brought forward 294,242 2,540 296,782 264,437 Total funds carried forward 18 277,022 277,022 296,782 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 18. The notes on pages 17 to 33 form an integral part of these financial statements. Page 15
Docusign Envelope ID= F17817AO40214E8A41 FE_B358B472DCDB Homemaker Southwest (Registration number: 04190963) Balance Sheet as at 31 March 2025 2025 2024 Note Current assets Debtors 12 19,108 290,151 17,282 311,256 Cash at bank and in hand 13 309,259 328,538 Creditors: Amounts falling due within one year 14 {32,2371 (31,756) Net assets 277,022 296,782 Funds of the charity: Restricted 2,540 294,242 Unrestricted funds 277,022 Total funds 18 277,022 296,782 These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 15 to 33 were approved by the Trustees, and authorised for issue on 27 Nr>vember 2Q&td signed on their behalf by: YgF*O¥qth40kn....... . ........ MSJ Froom Trustee The notes on pages 17 to 33 form an integral part of these financial statements. Page 16
Docusign Envelope ID.. F17817AO-6D214E8A-81 FE-8358B472DCDB Homemaker Southwest Notes to the Financlal Statements for the Year Ended 31 March 2025 I Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: Unit I Stoke Damerel Business Centre Church Street Plymouth PL3 4DT 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 2019) - (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Basis of preparation Homemaker Southwest meets the definition of a public benefit entity under FRS 102. Assets and l labilities are initially recognised at historical cost or tra nsaction value unless otherwise stated in the relevant accounting policy notes. The presentation currency of the financial statements is the Pound Sterling (£). Page 17
Docusign Envelope ID.. F17817AO-60214E8A-81 FE-B358B472DCDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 Going concern The trustees have prepared the financial statements on a going concern basis as, in their opinion, the Charity is able to meet its obligations as they fall due. This opinion is based on forecasting for the 12 months from signing these financial statements. The Charity continues to see a strong demand for its services due to the increased needs resulting from the high cost of living. The Trustees are confident that they will be able to obtain future funding from a wide range of sources to be able to continue this valuable work. As such, the Trustees are of the opinion that it is wholly appropriate to prepare the accounts on a going concern basis. Exemption from preparing a cash flow statement The charity is exempt from preparing a cash flow statement in accordance with Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Income and endowments 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. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Registered Providers Income from Registered Providers relates to services provided. This income is recognisable for the period within which the hours have been worked. Devon Local Authorities Income from Devon Local Authorities relates to services provided. This consists of contracted income and is received at agreed upon amounts per quarter, which is recognisable for the periods to which the quarterly amounts relate. Page 18
Docusign Envelope ID.. F17817AO-6o21-4E8lFE-B3S8B472DCOB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 Incomefrom other sources Income from other sources includes both contracted income for services provided and casework services provided. The contracted income is received quarterly at agreed upon amounts, which is recognisable for the periods to which the quarterly amounts relate. The casework income is recognisable upon the completion of each case. Investment income Investment income include5 bank interest received which. is recognTsed once the charitv receives entitlement to it. Expenditure All expenditure 15 recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resource5, With central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable artlvities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grant expenditure Grants payable are payments made to third parties in the futherance of the charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specific service or output. Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. Provision for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Page 19
Docusign Envelope ID. F17817A040214E8A41 FE.B358B472DCDB Homemaker Southwest Notes to the Financial Statements forthe Year Ended 31 March 2025 Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Depreciation rnethod and rate 33% on cost and 15% reducin8 balance Plant and machinery etc Trade debtors Trade debtors are amounts due from funding providers for services performed in the ordinary course of business. Trade debtors are recogni5ed initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 20
Docusign Envelope ID.. F17817AO4021-4E8A-81 FE-83588472DCDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund structure Unrestricted funds Unrestricted income funds are general funds that are available for use at the trustee5'S discretion in furtherance of the objectives of the charity. The unrestricted funds operated by the charity is as follows: Contingency reserve The contingency reserve is a designated reserve that has been created in line with the charity's policy to generate sufficient reserves to cover three months running costs combined with staff redundancy costs. Page 21
Docusign Envelope ID. F17817A0*0214E8A_81 FE_B358B472DCDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 Restricted funds Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. The different restricted funds operated by the charity are as follow5: Specific Client Support These are grants received from charitable foundations and other sources to help individual clients with particular expenses in times of severe hardship. The only expenditure recognised for this fund is the payment of grants to the agreed individuals. Citizens Advice Face 2 Face This is a long term project to deliver debt advice services on behalf of The Citizens Advice Bureau in the Plymouth area. Expenditure is recognised for this fund on an apportioned basis. Staff costs are apportioned based on the employee5 that work for this service. Overheads relating to the Plymouth premises are fully allocated to this fund. Other overheads and support costs are apportioned at a rate of 50% unless a more appropriate split is identifed. Sanctuary These funds are for the purpose of resettlement and tenancy support for Sanctuary tenants. The only expenditure recognised for this fund is directly attributable staff costs, based on the employees that work for this service. Pensions and other post retirement obligations Pension costs are incurred by way of employer's defined contributions to employees, personal pension schemes. The contribution rates are 3%, 6¥0 or 8Yo of gross salary and costs are wholly charged to the SOFA in the year in which they are incurred. Details of the costs and any outstanding amounts are shown in the notes to the accounts. Financial instruments Classificotion Financial assets and financial liabilitie5 are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 22
DSign Envelope ID.. F17817AO-6021-4E8A-81FE-8358B472DCDB Homemaker Southwest Notes to the Flnancial Statements for the Year Ended 31 March 2025 Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are settled, b} the charity transfers to another partv substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Volunteers The value of services provided by volunteers is not incorporated into these financial statements. Further detail of the contribution made by volunteers can be found in the trustee's annual report. 3 Income from charitable activlties Unrestricted funds Total 2025 Total 2024 Restricted Registered Providers Devon Local Authorities Other sources 9,329 124,357 30,408 5,000 14,329 124,357 30,408 146,463 19,405 121,120 84,998 153,722 Face 2 Face 146,463 164,094 Page 23 151,463 315,557 379,245
Docusign Envelope ID.- F17817A0$0214E8A.81 FE.8358B472DCDB Hornemaker Southwest Notes to the Financial Ststements for the Year Ended 31 March 2025 4 Investment income Restricted Total Unrestrlcted funds funds funds Interest receivable and similar income; Interest receivable on bank deposits 7,715 {222) 7,493 Total for 2025 7,715 {2221 7,493 Total for 2024 4,951 223 5,174 5 Expenditure on charitable activities Restricted Total Unrestricted fund5 funds funds Note Staff costs Allocated support costs Other support costs 171,195 14,412 5,229 104,554 61,011 5,229 275,749 75,423 10,458 Total for 2025 190,836 170,794 361,630 Total for 2024 182,859 188,565 371,424 Included within the expenditure analysed above, there are governance costs of £10,458 (2024 - £12,126) which relate directly to charitable activities. See note 6 for further details. Page 24
Docusign Envelope ID.. F17817AO-60214E8A-81 FE-B358B472DCDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 6 Analysis of governance and support costs Other support costs Unrestricted funds Total 2025 Total 2024 Restricted Audit fees Audit of the financial statements 660 660 1,320 1,980 7,158 2,836 2,000 7,290 Other fees paid to auditors Legal fees 990 990 3,579 3,579 5,229 5,229 10,458 12,126 7 Net incoming/outgoing resources Net loutgoing)/incoming resources for the year include: 2025 2024 Audit fees 1,320 2,836 8 Trustees remuneration and expenses No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year, No trustees have received any reimbursed expenses from the charity during the year. 9 Staff costs The aggregate payroll costs were as follows: Page 25
Docusign Envelope ID.. F17817AQ-60214E8A-81 FE-B358B472DCDB Homemaker Southwest Notes to the Financial Statements forthe Year Ended 31 March 2025 2025 2024 staff costs during the year were: Wages and salaries Social security costs Pension costs 250,496 14,261 10,992 251,920 14,466 11,134 275,749 277,520 The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows: 2025 2024 No No Employees 13 12 No employee received emoluments of more than £60.000 during the year. The total employee benefits of the key management personnel of the charity were £55,910 (2024- £54,281}, IOTaxation The charity is a registered charity and is therefore exempt from taxation. Page 26
Docusign Envelope ID.. F17817AO40214E8A-81 FE-B358B472DCDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 11 Tangible fixed assets Furniture and equipment Total Cost At l April 2024 Disposals 2,298 2,298 {2,298) (2,298) At 31 March 2025 Depreciation At l April 2024 Eliminated on disposals 2,298 2,298 (2,298) (2,298) At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 12 Debtors 202S 2024 Trade debtors 5,168 8,641 2,975 2,324 6,943 8,089 Prepayments Accrued income Other debtors 2,250 19,108 17,282 13 Cash and cash equivalents 2025 2024 Cash on hand Cash at bank 33 290,118 22 311,234 290,151 311,256 Page 27
Docusign Envelope ID.. F17817Alk60214E8A-81 FE-8358B472DCDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 14 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 1,593 5,251 7,534 17,859 1,556 5,409 15,171 9,620 32,237 31,756 2025 2024 Deferred income at l April 2024 Resources deferred in the period {5,290} {8,233} {13,523} 16,368} 1,078 Deferred income at year end {5,2901 The charity ha5 deferred income due to income received in advance for services not yet provided £8,52312024: £5,290). There was also a grant received towards the end of the year which relates to the following accounting period, which has therefore been included within deferred income - £5,000 {2024: £nill. 15 Obligations under leases and hire purchase Contracts Operating lease commitments Total future minimum lease payments under non-cancellable operating leases are as follows: Page 28
Docusign Envelope ID.. F17817AO-60214E8A-81FE-B358B472DCDB Homemaker Southwest Notes to the Flnancial Statements for the Year Ended 31 March 2025 2025 2024 Land and bulldings Within one year Between one and five years 10,500 8,750 7,694 19,250 16,694 Other Within one year Between one and five years 1,320 1,320 768 2,640 768 16 Commitments Pension commitments The charity operates a defined contribution pension scheme. The pension charge for the period represents contributions payable by the charity to the scheme and amounted to £10,991 (2024: £11,134}. As at the balance sheet date pension contributions payable of £58 (2024: £1,127) are included within other creditors. Page 29
Docusign Envelope ID.. F17817AO4021-4E8A41 FE-B358B472DCDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 17 Contingent liabilities Homemaker Southwest participates in the Pensions Trust's Growth Plan (the Plan) which is a multi-employer pension plan. The plan is funded and is not contracted out of the State scheme. If an actuarial valuation reveals a shortfall of a55ets compared to liabilities, the Trustees must prepare a recovery plan setting out steps to make up the shortfall. Following a change in legisation in September 2005 there is a potential debt on the employer that could be levied by the Trustees of the plan and The Pensions Act 2011 has more recently altered the definition of Series 3 of the Growth Plan so the liability arises to employers from membership of any Series except Series 4. The debt becomes due in the event of the employer ceasing to participate in the Plan or the Plan winding up. The Growth Plan is a 'last man standing" multi-employer scheme. This means that if a withdrawing employer is unable to pay its debt on withdrawal, the liability IS shared amoungst the remaining employers. The participating employers are therefore, jointly and severally liabile for the def icit in the Growth Plan. Homemaker Southwest has been notified by the Pensions Trust of the estimated employer debt withdrawal from the Plan based on the financial position of the Plan as at 30 September 2024 (most recent valuation available). As at that date the estimated employer debt for Homemaker Southwest was £9.538 {2024: £8,717). To avoid the potential debt crystallising Homemaker Southwest continue to contribute to the Series 4 scheme provided by the Pensions Trust. Page 30
Docusign Envelope ID.. F17817AO-60214E8A-81 FE-8358B472DCDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 18 Funds Balance at l April 2024 Balance at 31 March 2025 Incoming Resources resources expended Transfers Unrestricted funds Unrestrirtedfunds Unrestricted income fund 132,242 162,000 171,109 (190,836) 13,993) 6,500 108,522 168,500 Contingency reserve 294,242 171,109 (190,836) 2,507 277,022 Restricted funds Probation rent spend Specific client support Citizens Advice Face 2 Face 33 {223) 19,520 190 2,507 (19,520) {2,507) 146,464 5,000 (146,464> (5,000) Sanctuary Total restricted funds 2,540 170,761 (170,7941 {2,507> Total funds 296,782 341,870 {361,630) 277,022 Page 31
Dowsign Envelope ID.. F17817AO-60214E8A-81 FE-B358B4720CDB Homemaker Southwest Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at l April 2023 Balance at 31 March 2024 Incoming Resources resources expended Transfers Unrestricted funds Unrestrictedfunds Unrestricted income fund 97,359 140,500 244,748 1182,8591 127,0061 21,500 132,242 162,000 Contingency reserve 237,859 244,748 (182,859) 15,5061 294,242 Restricted Probation rent spend Specific client su pport Citizens Advice Face 2 Face 223 {1901 33 2,507 2,507 24,071 153,798 5,000 1180,6681 17,7071 2,799 2,707 Sanctuary Total restricted funds 26,578 159,021 1188,5651 5,506 2,540 Total funds 264,437 403,769 1371,4241 296,782 19 Analysis of net funds At l April 2024 At 31 March 2025 Cash flows Cash at bank and in hand 311,256 121,105) 290,151 Net debt 311,256 121,105) 290,151 At l April 2023 At 31 March 2024 Cash flows Cash at bank and in hand 281,011 30,245 311,256 Net debt 281,011 30,245 311,256 Page 32
Docusign Envelope ID.. FI7817A02l4E88IFE-B3S8B472DCD6 Homemaker Southwest Notes to the Financial Statement5 forthe Year Ended 31 March 2025 20Analysis of net assets between funds Total funds at 31 March 2025 Unrestricted Contingency funds reserve Restricted Current assets 123,454 (14,9321 168,500 17,305 {17,305) 309,259 (32,2371 Current liabilities Total net assets 108,522 168,500 277,022 Total funds at 31 March Restricted Unrestricted Contingency fund5 reserve funds 2024 Current asset5 148,559 (16,317) 162,000 17,979 {15,439) 328,538 {31,7561 Current liabilities Total net assets 132,242 162,000 2,540 296,782 21 Related party transactions There were no related party transactions in the year. Page 33