Charlty reglstratlon number 1097005 Company reglstration number 04698694 (England and Wales) HOME START NOTTINGHAM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HOME START NOTTINGHAM LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms C Stephens - Co Chair Ms C Howling- Co Chair Mr R Paton - Trea8ur8r Dr H Roberts Ms A Haggar Ms K Blenkinsop Ms J Burgess Mr P Hunt Miss I Zafar (Appointed 21 August 2023) Senlor staff Ms J Hallam Ms S Leivers Charlty number 1097005 Company number 04698694 Reglstered office Suite 9 Arnold Business Centre Brookfield Gardens Arnold Nottingham NG5 7ER Independent examlner Rogers Spencer Newstead House Pdham Road Nottingham NG5 1AP Bankers TSB Bank plc PO Box 1000 BX4 7SB
HOME START NOTTINGHAM CONTENTS Page Trustees, report Independent examine¢s report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements 10-19
HOME START NOTTINGHAM TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming dOrnent. the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance viith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016) Objectlves and activities The trustees of Home Start Nottingham have paid due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the charity has undertaken this year. The objectives for vthich Home Start Nottingham is established are: To safeguard, protect 8nd preserve the gcM)d health, both mental and physical, of children and PartS of children To prevent cruelty to or maltreatment of children To relieve sickness, poverty and need amongst children through the support of their Pants and guardians To promote the education of the public In better standards of childcare within the area of Nottingham Cty and its envlrons, and the boroughs of Broxtowe, Gedling, Rushcliffe and Ashfield. During the year, Home Start Nottingham has contributed to it's objectives by supporting 83 (2023: 111) families and 198 {2023- 253) children through our home visiting and group organised activities. Achievements and perfonnance Any family with at least one child under 8 years of age living within the charitys catchment areas can refer themselves to the charity or be referred by another agency with the family's permission. Accepting support from Home Start Nottingham is entirely a matter of Choi for the family concerned. Parents have benefitted by increased self-confidence arKJ more engagement rythIn their local communitres. Children have benefited from their parents, improved parenting skills and the impact of positive role modelling by volunteers. Following a review of other communty support, our family group Sessions relocated in the autumn of 2023 from Clifton to venues in Beechdale and Amold. The group sessions are frjnded from Home-start Nottingham's unrestricted reserves. Play sessions are arranged to provide children with more social and e¢u¢atioro1 opportunities. Families are signposted to health services and referral made to the local foodbanks as required. Through home visiting and support given by volunteers, parents are helped to provide safer environments for their children and healthier lifestyles. During the financial year our volunteers have provided 9,128 hours of support to local families. {2023- 10.726 hours).
HOME START NOTTINGHAM TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal review The challenglng economic landscape experienced in previous years continued throughout the financial year to March 2024, and as a result total income recelved reduced to £659,424 {2023'. £701 ,962}. Considering the tough economlc landscape the trustees f8lt that the 60h year on year reduction In Income still constitutes a strong financial performance. Donations and Legacy Income was £49,179 (2023.. £61.462), and again included a slzable donation of £30,000 (2023: £28.665) from Vanishing Point. Charitable activity income decreased year on year by £44,568 as a result of the following major ccntributing factors: The £28,575 per annun three year private funding arrangement for the Nottingham Cty area finlshed at the March 31, 2023. The year to March 31 2024, was the penultimate year for the 10 year commissioned services contracl with SSBC which is scheduled to end in March 2025, as a result actlvity levels started to reduce and resulted in a decline of income of £11,443 in comparision to the previous year. The funding received from Nottinghamshire County Councll Local Communities Fund (NCCLCF), the Henry Smith Charity and the Garfield Weston Foundation remained at the same levels as in the previous year at £27,298, £30,000 and £15,000 respectively. Other income in the year was £18,44212023: £4,129). Following the continued rise in the Bank of England base Interest rates during the year, Home-start Nottingham continued to benefit from its strong cash position. Reserves Pollcy The trustees wish to maintain a level of unrestricted reserves vthich will enable the ch8rity to meet Its financial obligations should the charity be unable to continue. The reseNes policy is reviewed annually and the trustees have agreed to set the level needed at three months, running costs. Thre8 months running costs (excluding costs incurred under the commissioned services contract with SSBC} amount to approximately £42,000. The unrestricted reserves held at 31 March 2024 of £652,168 8re therefore considered adequate for this purpose. As a result of changes to legislation introduced in The Pensions Act 2011 Home Start Nottingham wa8 advised by its pension provider, the Pensions Trust, that it faces a potential liability for debt on withdrawal from the pension scheme. The trustees have built reserv8S to a level sufficient to cover this liability and review this position regularly (see note 15). Home Start Nottlngham was made subject to aulo enrolment of pensicns in July 2016. Future As mentioned in the Financial review above the commissioned services contract with SSBC 18 scheduled to end in March 2025. By March 2025 the services provided under the contract will have been in operation for 10 years. the period specified in the original bid funded by the National Lottery in 2015. Currently, it is unlikely that funding and the service in it's present form will continue beyond March 2025. Since inception this commissioned services contr8Ct has accounted for approximately 75% of the total revenue of Home Start Nottlngham. The Trustees believe that the financial resources of the Home Start Nottingham will allow the charity to manage the anliclpated impact of any future reduction and potential cessation of the commission services contract with SSBC on its operations for the foreseeable future. Structure, governance and management Home Start Nottingham Is a registered charity, Charity number 1097005. The Charity Is incorporated under company number 04698694 as a company limited by guarantee and is therefore governed by a memorandum and artlcles of association.
HOME START NOThINGHAM TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Truste88. who are also the directors for the purpose of company law, and 8eNed during the year and up to the date of signature of the financial statements were: Ms C Stephens - Co Chair Mr M Scott- Chair Ms C HovAing - Co Chair Ms R Moses Mr R Paton - Treasurer Dr H Roberts Ms A Haggar Ms K Blenkinsop Ms J Burgess Mr P Hunt Miss I Zafar (Resigned 31 December 2023) (Resigned 19 March 2024) (Appointed 21 August 2023) The Trustees of Home Start Nottingham employ the staff and are responsible for the effective management of Home Start Nottingham including funding, insurance. premises and good employment practice. The Trustees ensu that proper links are developed with the ststutory caring agencies and with other voluntary organisations within the community. The trustees meet at least eleven times a year in accordance with the Memorandum and Articles of Association of Home Start Nottingham, which specify meeting at least four times a year. Rlsk factors As part of their overall duties of management the trustees have a responsibility to ensure that major risks to which Home Start Nottingham is exposed are reviewed and that systems are established to mitigate those risks. The trustees consider that a major risk is one which rf it occurs would have a severe impact on operational Perfomiance, achievement of aims and oblectlves, or could damage the reputation of Home Start Nottingham, changing the way the trustees, volunteers or families might deal with Home Start Nottingham. The trustees recognise that risk can arise, not only from Home Start Nottingham's activities but also from failure to act or exploit opportunities. 1Othilst we are an independent local charity, Home Start Nottlngh8m is a federated member of Home Start UK. This membership brings the importarrt benefit of intemal policy development and the quality assurance framework. The federation also works hard to influence national policy development to further our shared strategic vision and mission. Trustee Recruitmen( Inductlon and Trnlning Home Start Nottingham carries out a skills audit of current trustees which identifies knowledge gaps within the board and then actively takes steps to recruit trustees accordingly. In order to become familiar with the practical work of the Charity, trustees will receive a copy of the Annual Report, the Memorandum and Articles and the latest financial reports, together with being assigned a buddy (a mentor from the existing trustee board). They will also meet with the Scheme Manager and existing trustees as well as being offered opportunities to visit with the staff team. Additionally, they {along with Managemerrt Committee members and any twstees who would like to take refresher training) are invited to attend induction training which covers the following areas: Governan The Home Start Agreement Training and Support Roles and Responsibilitles Communication Local Scheme Information Best Practice Guides Safeguardlng Quality Assurance All trustees are then signposted to any other relevant training throughout the year.
HOME START NOTnNGHAM TRUSTEES. REPORT IIHCUIDING DIRECTORY REPORT) {¢ONnNUÉD) FOR 7HE YEAR ENDÉD 31 MARCH 2024 01
HOME START NOTTINGHAM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOME START NOTTINGHAM I report to the Trustees on my examination of the finanaal statements of Home Start Nottingham (the charity) for the year ended 31 March 2024. Responslblllti8s and basls of report As the Trustees ot the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requlrements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial st8tem8nts of the charity are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I reFrf)rt in respect of my examination of the charity's financial ststements carried out under section 145 of the Charltles Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examinerfs statement Since the charlty's gross income @xceeded £250,000 your examlner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examinatlon because l am a member of Chartered Accountants, which is one of the listed bodies. I have completed my examination. I confim) that no matters have come to my attention In connection with the examination givlng me Cause to believe that in any material respect: accounting records were not kept in respect of the charty as required by section 386 of the 2008 Act; or the financial statements do not accord wlth those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considwed as part of an independent examination; or the financial statements 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 thelr accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawrLin ttys•eport in order to enable a proper understanding of the financial statements to be reached. Melvin Bailey FCCA DChA for and on behalf of Rogers Spencer Chartered Accountants Newstead House Pelham Road Nottingham NG5 1AP Dated..
HOME START NorriNGHAM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current flnancial year Unrnstrlcted Restricted funds funds 2024 2024 Total Total 2024 2023 Notes Donations and legacies Charitable activities Other income 49.179 45.000 18.442 49,179 61,462 546.803 591,803 636,371 18,442 4,129 Totsl Incomo 112,621 546,803 659,424 701,962 Raising fijnds Charitable activitles 455 519,444 635,361 616,765 115,917 Totsl resourc•8 expended 115,917 519,444 635,361 617,220 Net loutgolngvincoming resources before transfers (3,296) 27,359 24,063 84,742 Gross transfers between funds 27,359 (27.359) Net income for the yearl Net movement in funds 24,063 24.063 84,742 Fund balanS at 1 April 2023 628,106 628,106 543,387 Fund balances at 31 March 2024 652,169 652,169 628.109 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expend*ure account under the Companies Act 2006.
HOME START NorriNGHAM STATEMENT.OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior flnanclal year Unrestrlcted Restrictsd funds funds 2023 2023 Total 2023 Notes nc Donations and legacies Charitsble activities Other income 61,462 45,000 4,129 61,462 636,371 4,129 591,371 Total Incomo 110,591 591.371 701.962 Raising funds Charitable activitles 455 42,477 455 616,765 574,288 Total resources expended 42,932 574,288 617,220 Net {outgolngifincomlng resources before transfers 67,659 17,083 84,742 Gross transfers between funds 30,704 (30,704) Net income for the yearl Net movement In funds 98,363 (13,621) 84,742 Fund balanos at 1 April 2022 529,746 13,621 543.367 Fund balances at 31 March 2023 628,109 628,109 The statement of financial activities indudes all gains and losses recognised in the year. The statement of financial activities include5 all gains and losses recognised in the year. All income and expenditure derive from continuing activtties. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
HOME START NOTnNGHAM ASAT31 IIARCH 2024 12 &4B7 13 ¢017 Cath 791.141 47 1135J14) 619X lag 828.1 .189 641(A 21M. •idfAI 31 Alarth 2024. r R Pwn. Troasur numbw 046$0 (ET4l¥ivJ at)0 *tslesi
HOME START NOTTINGHAM STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cash flows from oporating actlvltles Cash generated from operations 45,474 107,649 Investlng activitles Purchase of tangible fixed assets (558) (3,742) Net cash used In Investlng activltles (558) (3,742) Net cash used in financlng activiti88 Net Increase in cash and cash equlvalents 44,911 103,907 Cash and cash equivalents at beginning of year 746,830 642,923 Cash and cash equlvalents at end of year 791,741 746,830
HOME START NOThINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcies Charity infomiatlon Home Start Nottingham is a private company limited by guarantee incorporated in England and Wales. The registered office is Suite 9, Amold Business Centre. Brookfield Gardens, Nottingham, NG5 7ER. 1.1 Accounting convenllon The financial statements have been prepared in accordance with the charity's goveming document. the Companies Ad 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. fFRS 102.) and the Charities SORP "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 1 January 2019). The charrty is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared In sterling. which is the functional currency of the charity. Monetary amounts in these financial statem8nts are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements. the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Tr%teeS continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charftabl• fund8 Unrestricted general funds - these are funds which can be used in accordance with the charitsble objects at the discretion of the trustees. Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 1.4 Income All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amourrt can be quantified with reasonable accuracy. The follokn&ing specific policies are applied to particular categories of income.. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Finanual Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perfomiance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value of the charity where this can be quantified. The value of services provided by volunt8ers has not been induded in these accounts. Investment income is included when receivable. Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. 10-
HOME START NOThINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Continued 1.5 Expenditure Expenditure is recognised once there is a legal or constwctive obligats'on to transfer economic benefft to a third paty, it is probable that a transfer of economic benefrts will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The costs of each activity are made up of the total of dir&t costs and shared costs. induding support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activty. Shared costs which contribute to more than one activity and supwrt costs which are not attributable to a single activity are apportioned between those activits'es on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to whith it relates: Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the ch8rity in the delivery of its activities and services for its ben8ficiaries. It includes both costs that can be allocated directiy to such activities and those costs of an indirect nature n8c8ssary to support them. Govemance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated behveen expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a partular activity are allocated directly. others are apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage. 1.6 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 20'h133.3% Straight line basis 1.7 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charty is demonstrably commrtted to terminate the employment of an employee or to provide termination benefits. 1.8 Retlrement benefits Payments to defined contributlon retirement benefit schemes are charged as an expense as they fall due. 11
HOME START NOThINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accountlng estlmates and ludgemènts In the application of the charity's accounting policies. the Trustees are required to make judgements, estimates and assumptions about the carrylng amount of assets and liabilities that are not readily apparent from other sources. The estim8tes and associated assumptions are based on histOriC81 experien and other factors that are considered to be relevant. Actual resutts m8y differ from these estimates. The estimates and underlylng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estlmate is revised where the revision affects tlY that period, or in the perlod of the revision and future periods where the revision affects both current and future periods. Donations and legacles 2024 2023 Charities Trust Enterprise Cars FH Charitable Trust J N Derbyshire Trust l Hoskins M Proctor S Thornton The Mary Robertson Trust C Stephens Various Donations < £500 GiftAid Vanishing Point Coriolis Ltd Waitrose J Watts M Rumney Charles Littlewood Hill Trust The Lady Hind Trust Alchemy Foundation The 29th May 1961 Charitable Trust 60 2,000 500 60 1,500 500 3,000 180 240 360 180 240 360 3,000 500 6,558 741 30,000 500 8,789 712 28,665 10.000 1,166 1,200 90 2,500 250 1.200 90 2,500 1.000 2,000 49,179 61,462 12-
HOME START NorriNGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable actlvltios Total 2024 Totsl 2023 City Area Fund GEM Cash for Kid8 Midlands The Henry Smlth Charity Notts County Council Local Communities Fund Small Steps Big Ch8nges Garfield Weston Foundation 28,575 4,550 30,000 27,296 530,950 15,000 30,000 27,296 519,507 15,000 591,803 636,371 Analysis by fund: Unrestricted funds Restrided funds 45,000 546,803 45,000 591,371 591,803 638,371 Other Income 2024 2023 Interest received 18.442 4,129 Ralslng funds 2024 2023 undraisin and ublica Seeking donation5. grants and legacies 455 13-
HOME START NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable actlvltles 2024 2023 St8ff costs Depredation srid impaimient staff training Telephone Prlnting, postage and stationery staff expenses and travel Publicty Famlly and volunteer events Volunteer expenses Repairs and renewals Sundry Parents groups I family expenses Computer and accessories Interpreter fees Premises expenses 509,103 3.647 1,369 6.361 7,110 5.382 5.541 9.646 2.832 1,743 114 3,667 3,043 11,590 29,265 481,949 3.649 3,932 7,636 7,634 4,887 4,487 9,564 3,048 1,082 456 7,810 4,688 10,078 28,817 600.413 579,715 Share of govemance costs (see note 9) 34,948 37,050 635,361 616.765 Analysls by fund Unrestricted funds Restricted funds 115,917 519,444 835,361 Forthe year ended 31 March 2023 Unrestricted funds Restricted funds 42,477 574,288 616,765 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 14-
HOME START NOThINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Governance costs 2024 2023 Staff costs Affillatlons and subscriptions Independent examiners fees Other accountancy and bookkeeping servitss 9,600 12,510 12,055 12,248 3,420 3,420 9,873 8,872 34,948 37,050 10 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 11 Employees Number of employees The av8rag8 monthly number employees during the year vms: 2024 Number 2023 Number Employees 24 25 Employment costs 2024 2023 Wages and salaries Other pension costs 494,989 23,714 473,468 20,991 518,703 494,459 Remuneratlon of key management personnel The remuneration of key management personnel is as follows.. Aggregate compensation 88,533 83,203 There were no employee5 whos8 annual remuneration was £60,000 or more. 15-
HOME START NorriNGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tanglble fixed a8sets Flxture5 and fittlngs Cost At 1 April 2023 Additions 48,018 558 At 31 March 2024 48,576 Dopreclation and Impalnnent At 1 April 2023 Depreciation charged in th8 year 39.442 3,647 At 31 March 2024 43,089 Carrying amount At 31 March 2024 5,487 At 31 March 2023 8,576 13 Debtors 2024 2023 Amounts falllng due wlthln one year: Prepayments and accrued income 7,529 8,017 14 Credltors: amounts falllng due wlthin one year 2024 2023 Notes Other taxation and social security Deferred income Trade creditors Accruals 7,100 80,942 5,193 59.353 6,887 64,493 6,438 57.496 16 152,588 135,314 15 Retlrement beneflt schemes 2024 2023 Deflned contrlbutlon schemes Charge to profit or loss in respect of defi'ned contribution schemes 23,714 20,991 16-
HOME START NorriNGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Retlrement beneflt schemes {Continued) The charity operates a defined contribLrtlon pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administ8r8d fund. Although the scheme is a d8fined contribution scheme, employees paid into a growth plan serles 3 kyior to October 2013. The debt on withdrawal from the stheme amounted to £2,251 (2023 - £4,828) as shown on the most recent report dated 30 September 2023 (2023 - 30 September 2022). 16 Deferred Income 2024 2023 Other deferred income 80,942 64,493 The movement is analysed as follows: 2024 2023 Balance as at 1 April Amount deferred in year Amount released In year 64,493 86,091 (69,642) 91,870 111.788 (139.165) Balance as at 31 March 80,942 64,493 17-
HOME START NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Related party transactlons There were no disclosable related paty transactions during the year {2023 - none). 19 Cash generated from operations 2024 2023 Surplus for the year 24.063 84.742 Adjustments for: Depreciation and impairment of tangible fixed assets 3,647 3,649 Movements In working capital.. Decrease in debtors Increase in creditors Increasel{decrease) in deferred income 488 827 16,449 4,521 42,112 (27,377) Cash generated from operations 45,474 107,647 19-