Company registrdtion number.. 4612504 Charity registration numbeT". 1100534 Home-start Hillingdon Limited (A company limited by guarantee) Annual R¢port and Financial Ststement5 forthe Year Ended 31 Moreh 2024 SteTling fjrove A¢eoun¢ants Limited CharteTed Certified Accountsnts 2 Regatta Pla¢e Fawley House Marlow Road Bourne End Buckinghomshire SL8 5'fD
Home-start Hillingdon Limited Contents Reference Administrative Detsils Trustees, Report 2tolO Independetrt Examinerf5 RqK)rt 11 to 12 Statement of Finan¢ia] Activities 13to 14 BalaEJce Sheet 15 Notes to the Financiai Statements 16to28
Home-stsrt Hillingdon Limited Refer¢n¢e and Administrative Details Chairperso H¢l¢n Anast&SL Tru51ee5 Heleft Anastasi Pet¢ James Lorraine DoiDg1n Bala Mere Rashpai Virde¢ Paula Ya'el Wittels Shar¢na Sivla] Priscilla Robit)son Tallya Link Seeretsry Other OfflceTS cla Nazerali. S¢h¢me Direfflor Ch4ri¢y RtKlstration Number 1100534 CoJnp#ny Registration Number 4612504 Registered Offw¢ 306 iA)ng Lane Hillingdon Middlesex UB109PE Printipal orriee 306 Long Lane Hillingdon Middlesex UB109PE Indepertd¢nt Ex4nbiDer Sterlin8 Grov¢ Accountants Limited Chartered Certifid Accoutttants 2 Regatta Place Fawl¢y House Marlow Road Bourn¢ End Buckintsyhamshirc SL8 STD Barclays Bank PIC Bankers Page I
Home-start Hillingdon Limited Trustees, Report The trustees. WIKJ are diredors for the PUryKJses of Company law, present the annual report together with the financial statements and auditors, report of the charitable ¢ompany for the year ended 31 March 2024. Trn$tets and offlcer5 Th¢ tm5teu and oific¢rs Seing during ihe year and since the year end w¢re follows: Trust¢es.' Hel¢n ADast&si Gillian Lauder (resigned 31 August 2024) Hasmecn Deol {resigned 13 June 20231 Pete James Ltsrrdine Dorrington Moremi Apatathisor¢ (resigned 31 August 2024) Bala Mere Rashpal Virdee (oppointed 13 June 2023) Paula Y&'el Witt¢ls {appointed 16 November 2023) Shar¢na Sivlal (appointed 31 Au8USt 2024) Priscilla Robinson (appointed 31 August 2024) Chairperson.. Helen Anagtssi Secretary.. Other OfficcT5'. Tanya Link Clare Nazern]i, Scheme Director Objectiwe5 8dlvltles Objects 4ndaln This is the ninete¢nth report of the trustees of HoTne-Start Hiliingdon Limitcd. since the company took over running of the charity known &$ Home•Start Hillingdon. The organisaiiom is a Charitable Company limited by guardntee, ittwrporat¢d on 9 Dember 2002 and regiSted as a charity on 5 November 2003. The compw was estsblished by a Memordndum of Association which estsblished the objects and power5 of the eharitabl¢ company and is governcd under its Articles of Association. Under the5¢ Articles, new memb¢r$ of the Management Committee may be co-opted by existing members; newly Co-opted members must retire at ihe next AGM. along with one•third of the othet members on a rotational basi5, after which they are eligibl¢ for appointment or reole¢tion by the members of the charity as appropriate. The Company is a charity which exists to support families in the London Borough of Hillingdon. In doing so, the ¢harity aims to in¢TEase the well-being of children by improving the exrienCe of family life for famÈlies in the boTOU8h. The oharity is aifiliat¢d io the national n¢Ork known as Home•Start UK. Page 2
Hom¢-Start Hillingdon Limited Trustees, Report Objeciivu, slrfiiegies uc¢ivilies Hom¢-Start Hillin8don provide5 SUPPOrt to families in the borough who have at least one child under 5 years and who are struggling to cope with & variety of challenge5 to a stable. loving and nurturing family life; we aim help prevent such difficulttes from escalating into criges, and ¢rises fJDm d¢veloping into family breakdowi. Exampl¢s of th¢ challenges faced by families rtferr¢d for our support include paretttal mcnts] ill-health, disability or additional needs of child or parent. b¢irtg a victim of domestic abuse, isola1ion. being a refug¢¢ or asylum s¢eker. inadequate housing. or oth¢r ditTiculties. We re¢nLit volunte¢rs with par¢nting experience from the lo¢al ¢ommunity, and train them to provide par¢nt-tO-paTeni ¢motiona] andlor practical hotne-vhsiling $upp)rt to famili¢s. Wc a15ts offer some direct support through our Family Support Worker prtsje¢i. Through increasing parent$, confiderttt, resilience and abilhty io ¢ope, aim to strcngth¢n the parent-child r¢lationship, helping to giv¢ children a better srart in life. Our setvices in 2023124 ar¢ describd as follows.- Core s¢ryice Voluttteer family support.. Staff Co-ordinaior5 mateh trained voluntetis to referred families following structured needs assessment (see b¢lowl. Each volunteer make5 a regular we¢kly ho]n¢ visit with ih¢ir matchcd family to support the family kowards identified suprx)rt goals. The staff cOrdInat0r overse¢s support through regular revi¢w 'me¢tings' with each family lusua]ly at th¢ family horne) to ¢nsure SUp)rt rcmoin5 rel¢v8nt to the family's situation and pro8ress is made towards out¢om¢s (SUpprt goals). Perinatal Mental Health Projeci (PNMH).. funded by CNOOC this projcct is based on the Home-start volunteer supwrt model (d¢scribed aiK)vel to 5UPPQrt familles in the rIala1 period whcre moth¢r has. or is at risk of. mental h¢alih probl¢ms durirkg pr¢811¢Y artd in the year after birth. The team of volunr¢ers working in this project hav¢ all r¢¢¢iv¢d ¢nhanc¢d P¢rinatal M¢ntal H¢a]th Awareness Training which is ¢Opdeliv¢Ted with the Hillingdon Perinatsl Mental Health Team. The project 15 run by a part-time •OrdinatOr. . bamily Support Worker (FSW) support: fwided by Heathrow Community Trust (HCT). Our Family Supp)rt Work¢r (FSW) provides direct one one 5UPPOrt to famili¢s, often with more compl¢x needs. The FSW provides direct support. applyin8 the Home-start principle5 of $upport. to families in this are#. Th¢y h¢lp pareDts achheve itt¢re4sed resilience throll8h improved emotional well-being. redu¢ed isolation and incteased or more effe¢tive use of Community r¢sources. Regular support visits by the FSW take place in family's own home, or within a com]nunity setting su¢h &% a Children's Centre Throu¥hout support the FSW offer5 emotional support, confid¢n¢¢ building 9d develops strategies with fan]ilies to cop¢ with chall¢ng¢s. as 11 suppofl to access s¢tvices a5 appropriate ¢.g. benefits advic¢, houskng advÉ¢e and menta] h¢alth services. HSH is continuing to deliver the SucsSful FSW project and hs applying for Continuation funding aimed at ¢Dabling us to address the necd around the inCr¢d number of referrnls with mor¢ complex ba¢kgrourtds. Direct cOrdinatOr Support.. one to one staff telephone and face-tO-fa¢¢ sllPPOrt b) fa111¢$, following a 5tru¢tur¢d support plan to help paretlts a¢hieve 5UPPOrt goa15. Although we are nearly up to full Capacity for voluDieer nulnbers. we are ¢ontinukng to deliver a small amount of Direct Co-ordinator supp)rt. R¢a50ns for Éhi5 include.. when a larger than usua] number of volunteers are resting aDd when a family would benefit from a short burst of speciajist support. Page 3
Home-stsrt Hillingdon Limited Trustees, Report All above 5erYic¢s use our established syston of needs assessmertt and monitoring and evaluation of support progress for maknmum suc¢e55 in achievittg 5UPPOrt goals.. followng referral, a staff Co-ordithator or the FSW conducts an tnitia] needs ass¢s5ment {IVI with the family, enabling a support plan to be indivtdually tsilored i agreement with the family. The Cowordinator or FSW will complete an IV assessment form wtth the family. part of which ask$ ihe pareni to give their 'toping scoreg, on a 5-)int scole (wtth O beins'not copins w¢ll' to 5 bein8 'coping very well,) to id¢ntify how well they frel ihey are coping with each of 13 different aspetts of parenting and family life. Each &%pect falls within on¢ of four tategories.- Parenting skills,. Patental w¢ll-beillg Children'5 well-being. Family management. Coping s¢ores give an indication of areas wthere parents feel they are not coping well and enable Co-ordinators and parents to identify which needs Home-start will support. For ¢arh identified need, g goal or'out¢ome' for Hom¢-Start 5UPPOrt is agreed with the family. and regular {usudly 3-monthlyl strurtured r¢views are undertak¢n by staff throughout support. Short-inteJventÉon Co-ordinator Support {minial Co-ordiftator Support) - For some reftrred famili¢s, initiat ¢0rdInat0r assessment rnis¢s concern$ for a voluttteer's safety or identifies needs which are more quickly addressed (so not meriting makh wth a voluthteer for longer temi Support) or needs not within Home-start's rernit e.g., regular ¢hildcar¢. In these si2tions, a c(H)rdinator might offer some 'Short-intervention cordInal0r Support,, thi5 SUPPOrt would nomtaily involve some 5hort-t¢rni listening ear. signpx>5ling or r¢feTrdls madc to otherscrvice$. • Fo(xlbank Parther- We remain a partner with Hillingdon Foodbank and have issued fLd vouchers to eligible families in ned and have liaised with the Foodbank to enable provision of pareels for famili¢s. . Babyb8nk Parther - We have developed a ¢lose relationship Maidenhead Babybank who, on request. deliver equipment and supplies for families who need th¢tn. In the last year we have initiateil 3 new projects. R¢sear¢h into barrters to p¢opl¢ from Ethnic Minority Groups IEMGS) engaging with volunteering. W¢ won fi]nding from the GLA'S Civil Society Roots programrne to deliver an innovative research proj¢ct investigating brie[S io people from Ethnic Minority Groups (EMGS) engaging with fornial volunteerin8 opportunities. The project stsned in Sept¢mber and having collecr¢d data from focus groups. inteJview5 and surveys. our Community Engagement Cowordinator (CEC.) is moving to the second stage ofthis proj¢¢t. In the nexL iesting phase, She will deliver targeted vtslunteer re¢mTtmeni based on leaming 8ained through r¢search to increas¢ recrnitmeni from commiinities that are protx)rtionally represented in our current volunteer pool. During This ph&8e we will work in partnership H4AII to direet int¢rested volunteers who are noi able to volunteer in HSH roles to oth¢r, more suitable roles offer¢d by Hillingdon'5 wider VCS. The last stage of this project will be to analyse our su¢¢es5 and disseminate our finding5 &s Midely as possible. Working with H4AII. we plan to deliver inforn)ation sessions that will enable Hillillgdon's VCS organisation5 to share Jn our learning. We have had a great deal of intcrcsl in this research from other stakeholders including from thc wider Hoffle-start's network, the GLA, Funding bodie5 and other representative bodi¢s such a5 HEAR network who are intel¢5t in our findings and wanl to share in the insights we have gained. This project is already having a positiv¢ effeel on our HSH'S volimtcer recnLitm¢nt. Through ¢nga8ernent wtth community groups in the first phase of thi5 project, we have already scen an in¢rea5e in re¢witm¢nt of a third for our rurrent Preparation c.ourse at a tim¢ when, across the s¢¢tor. organisations are findin8 volunteer recruitm¢tkt challen8ing. Interestingly. ev¢n kfore we start our tsr8eted ¢rUitMent, n¢arly 900/0 of parttcipanis on our current VolUner Pr¢pardtion Cours¢ are not Whit¢-British. This support5 our ambition for our volunl¢¢r pool to be more r¢presentstive of the ¢ommutiity we serve. Student Social Wot*er project To incre¢ d¢livery and furfher our ambition for inspiring an organisatiollal cultyr¢ of leaming aT emw>wemient. we have embarked the delivery of a Student Social work project and have tsk¢n on student social worker in his fjrst, 704iay placement. We are training him to deliver supptsrt to families athd siipIK)rting his learning and dev¢lopment with a particular focus on gathering a deep und¢rstanding of what life 15 like for stsuggling families and how supportive, enabling Support can bring about lasting change. Page 4
Home-start Hillingdon Limited Trusl¢es' Report W¢ ar¢ in the in11i sta8¢5 of this projtct and hop¢ to expand to take on up to 3 social work students on¢e a year. Community Conne¢tions Proj¢¢t. This year we siart¢d developing our Community Connections Project. This proj¢ct 15 designed to diY¢rsi funding streams by increasing community aThd corporate giving and to become bett¢r known the borough and to increase volunteering. In this w¢ generated £12,000 frorn a Tange of sources ajjd piloted a fundraising ev•)t,"Walk the Home-start Half Marathon." We also secured highly competitive funding from The Fore. who state their mission as being "to turb)w¢harge exceptional small chaTiti¢s tTansfomhii)g lives and so¢i¢ty." This provides th¢ s¢¢d funding for a Community Connection5 c.o-ordinator WI will lead the d¢liv¢ry of this project in 2024-25 to grow community funding. Public benefii The charity offers a family support service for families in Hillingdon and the SUOundIng ar set up to off¢r a s¢rvi¢e. free ai the )int of access thal would be available to all and completely independent of statutory agen¢ies. Memb¢rs of stsff work ¢los¢ly with a network of trained volunt¢ers who carry out home-visiting support ts) fatnilies. lThe In¢¢$ collfimi that th¢y have complied with the r¢quirements of s¢tiion 17 of the Charities A¢t 2011 to have due regard to the publi¢ b¢nefit guidan¢¢ published by the Charity Commission for England aDd Wal¢s. Use of voluftlea¥ We would like tts thank 011 volunteers who work so hard to make Home-start Hillingdon the key children and families, voluntsry agency the knrough. We continue to rely on gur team of dedicated volunleers deliver our service to the families of Hillin8don and without whom w¢ ¢ould not txi$t. All our carefully selected volwiteers und¢rtak¢ a robust recTUitment Process wd must complete an extensiv¢ 40hr jill programme before they can b¢ aecepted as a home-Vi5lting volunteer. OUT Volunteer PreparaLion Course covers various topics including Me¢iing the Ne$ of childre Supporting Parents and Perinat Ment41 Health, Listening and Communi¢alion 5ki11s. D¢Jm¢stic Abuse. Values and Attitudes, Safeguarding Children's W¢lfare and Confidefttiality. In the year 2023-2024 w¢ delivere411 training course starting on 9th October 2023 with a total of 6 participaijts. Having planned to deliver a s¢cond course starting in Fcb 2024, we decided to put back itLC $tsrt date back io 16th April 2024 to enable ow newly established research project lo have time to recruit additional volunteeiE from diverse b&¢kgrounds. A$ a r¢suii. our current course has 9 participaThlS With 9/. participants frotn backgrounds other than whits BritLSh. Whilst the first half of the y¢ar 23-24 was pani¢ularty challenging for volunt¢er r¢¢ruitment - Ihis h&8 bcen felt across th¢ Home-start netwotlc as well as the s¢ctor as a whol¢ and has been put down to the impa¢t of the ¢051 of living crisis our research proj¢ct s¢ems to be effe¢tively mitigating against these cha]l¢n8es but wt TLe¢d acknowledge ttlat we are having to work Iwder to r¢¢nijt volunteers and sre still re¢rui¢ing fewer than in pirvious years. Page 5
Home-start Hillingdon Limited Trustees, Report Staffing.. We ar¢ v¢ry grateful to The staff t¢8m for all their hard work snd dedication during the year and all the support they have given to families, volunteer5 and Trnstees. During this year our dedicat¢d staff team consisted of a Diredor, one Senior Cowoidinalor. 2 Covordinator5. a Fomily Support Worker, Office and Finance Manager, Communiry Engagement C(H>rdinalor, xtsd a Student So¢ial Worker. Volunteer Numbers." We ¢nded th¢ y¢ar with a team of 39 traincd volunteers. Ill addition. we also had 9 participants on our Volwitttr Prepar2tioth Course whi¢h finished in June 2024. Volunte¢r support and safeguarding prtIce.. despite the usua] pr¢ssures of running a small ¢harity with limited resource, we put high priority on providing & safe service by ¢ThsuriTrg all volunteer5 and operational stsff r¢ceive regular on¢ to one sup¢tviston alld all Teceive re]r safeguarding training. Fnity Numbers.. 2023-2024 we supported 125 familie5 {wtth a total of 150 ¢hÈldren). 96 families received support under on¢ tsf our projects. 72 families r¢¢¢iv¢d volunt¢¢r peer SUprt. Addttionally, 29 familie$ r¢c¢iv¢d Minima] Cowordinator supptsrt. External Funding.. . In addition lo our pre•se¢uTed funds from the last year we have 5¢¢ured.- 0 £128.200 over 3 years from Henry Smith to ¢ov¢r Core Costs (started delivery in 23-24} 0 £120,000 from U)ndon Borough of Hillingdon 0 £15,000 from Heothrow Communiry Trust for 2023-2024 0 £28.1)00 from CNOOC for 2024-2025 0 £60,000 from City Bridge Foundation for fimding 2024-2027 0 £30,000 from The Fore for 2024-2026 0 £30,000 from Grfield Weston for 2023-2025 0 £30.000 from The GLA for 2023-2024 o Over £10,000 from community fundraising . Hom¢-Start Hillin8don is ¢ontinuin8 to develop a diverse rang¢ of funding sources. but thi5 takes time. As well as in¢reasirtg the number of charitable grants for projects, we are continuing to bwld our ¢ommuntty-b&sed fundrzising that will boih raise our profile withiii the local tommunity and raise unrestri¢ted funds for lh¢ delivery of core services. We have secure fitnding from The For¢ for a Communty Connections Cowordinator to develop our community Itie generation plans. De5Pite considerable incre25cs in the amount of extemal funding we hwe secured, without support from Slatutory se¢ior fimding to cover ¢ore ¢osts. our cntIal $eryiGe is extrem¢ly vulnerable. Page 6
Home-start HilliDgdon Limited Tru8t¢¢$' Report Aehievewents #Dd perforJnaDet In May. we ¢ompleted Homc-stsrt UK'S Qualhty Assessment Process and weT¢ hi8hly MMended in S out of 10 areas. Wt have attached the overvi¢w report from the QA pnxess to this report (Appendix 4)- . S¢v¢rai thLDgs have followed fiM this.. o Our Operations Manager w&8 asked to share the SafeLyuarding resour¢es we have ¢r¢ated with th¢ n¢twork of nearly 200 HOmstarts nationally as our child-centr¢d approach was considered so strong. o We w¢r¢ proud io have be¢ti selected by Home.Start UK in recognition of the quality of th¢ seThice we offer io w¢ive on¢ of a few tickets ¢0 the Princess of Wales Carol Setvi¢e -Tog¢th¢r at Christm&s." The Prinress des¢rib¢d having, "invited hundreds of inspiring individuals to the service... who show¢&se the power of coDn¢ctedness and eommwiity values. allowing us to ntinue Her Majesty's tradition of re¢o8nising and thankiDg those who have gon¢ above and twond to support others." We held a staff and tTs Sirattgi¢ Away Day to coreate a strategic plan for th¢ next 3 year5. Our n Strategi¢ Plat) 15 attached (Appendix 5) and refines our key obje¢tive so the next few y¢ars. • Contsnued High Quality S¢Nee- Home¥Start Hillingdon prides itself on the quality ofthe support w¢ provide. Our families. improved coping s¢ores and th¢ fe¢dba¢k we receive from families and profr55LOrtals tell the story of th¢ impact ond value of our service which tamilies report can be life ¢hanging. Volunteer sUprt and safeguarding pra¢ticx'. Our highalIty service is dependent our focus on prioritising volunteer support and robust safeguarding systems o all voluThte¢rs and operationa] stsff re¢eivt regular one to one supervision (volunt¢¢rs six w¢ekly and staff ¢very &8 weeks. o all rec¢ive re¥ulor saf¢gu#rding trainin8, volunt¢¢rs receiv* An initia] d8y, then annual refreshers. staff all Iwe LSCB l¢vel 3 Working Together, attend an annual refresher session alld then LSCB r¢freshers every 3 years, o Family support is set up as partn¢rship bthv¢¢n the volurttser atKI the £(0rdinator and in addition to regular supetvision. volunteers regularly ¢all in lo twn ideas p3St stafy memb¢T8 this open dialo¥u¢ enables focussed Support, qui¢k identification and a¢tion around safeguarding concerns and enabl¢s volunt¢¢rs to f¢¢1 supportcd ID ihe Tole. . Comtinued 5u¢¢essfvl ¢ompl¢tion of our robust annual itttemal audit process and our ¢ommitm¢nt to continual improvements anoJyse5 what EISH is doik8 well and identifies ihings we may b¢ able to improve. . Our work to streamline process¢s h&s driven down waiting times for service users. We have contit)ued to dev¢lop our ongoing monitoring sysi¢ms Ihat allow us to a¢et5s inforniation aly)ut service delivery KPl$ in real-time enabling proactive action to address any variatlon that might 0¢¢ from ow ¢xpe¢iations. C¢miinued positive relationships in the trK)rough'. with L0¢01 organisations, participating in Borough-wid¢ strategi¢ Coiiv¢rsations (in¢ludins seat on the HCYP Transforniation Board and the Safeguarding Partnership), increase profile raisin8 activiry (includi5Jg improved Social Media Presencc). • Continued to se¢ure multL-y¢ar, extemal funding that will 5etUTe HSH'S servi¢es in the future. We applied to the Crnnfield Trust for a consultant who h&8 SUPPOrted us to updat¢ our finat)ce and budg¢titig 5ySt¢ms to ejthle us to monage our in¢reasingly ¢omplicat¢d nd1Thg streams more strategically In¢reasing outrtrdch to address has enabled u5 to mitigate against Pan-London ¢hallenges in volunt¢¢r recruitment. D¢spite re¢witment challenges. we have managed to get out net-volunteer numbEr5 almost to the moximwii current staff l¢vcls allow. Page 7
Home-start Hillingdon Limited Trustees, Report Our outreach and researth project have enabl¢d us to increase volunteer recruitment from EMG populations and has it)creased net EMG representation within HSH volunteers. • Our GLA-Fund¢d research project has gained pan-LondoTh attention. We succ¢ssfully won funding for our in¢ome generation project from the incredibly competitive nder The Fore who de$¢ribe their mission as'*0 bjrbwharge exceptional Small charities transfgming liv¢s and society." Finantial r¢vit Total in¢ome for the year was £267.050 (2023.. £204,320) split between estricted income of £185,439 (2023.. £149,757} and restrict¢d in¢otne of £81.611 {2023: £54,563). The charity's show a surplus of £2.685 (2023.. deficit of £19,319) for th¢ year. The charity continues to implemeni financial ¢onlrols commensurate with a charity of its size. Pollq on reserves The Managemellt C¢)mmittee has a Reserves Policy whtch includes detsils thc charity's approach tt> reserve5 and how our larget reserves level has been ¢alculated. At 11 March 2024, the charity held £48,707 12023.. £52,223) in a separate bartk accouni for non-budg¢t¢d expenditure, including any last-resort need to ¢10SdOWn the S¢hem¢ and wind up the company in an organised and debt-free manner. Our res¢tves balan¢e is under our minimum r¢5¢rves level that we wish to have. We have a fundraisittg plan in place to raise addiiional fvnds in the ye4r to ttot just meet our minimum reserves but to eventually reach our ideal target l¢vel. Page 8
Home-start Hillingdon Limited Trustees, Report Plan5 for future perfiods Continue to secure sustainabl¢ fimding Whilst w¢ have com¢ a long way the last year in diversifying our futtding streams. we still have work to do to be¢ome f]nan¢ially susiaiDable in the longer terni in line wth our Strategic Plan, aim io: S¢¢ure a coniract with I,BH to deliver services from April 2025 Grow our income from MMunity and £ortK)rate souK¢s to around IOO/o of our annual irt¢ome through our new Community Conneciions proje¢¢, . S¢¢ure addiiional fimding from charitable tru5ts- where possible, multk-year fuDdin8 Secure funding for a'Dad matters. proje£t HSH recogi)ises that there is CUentlY a gap in provision helping Dads. We aim to s¢¢ure funding ty bring Home-start's Dad Matters project to Hillingdon. This project sta]ts woAt in th¢ wJten&la] period and provides peer support for dads to prevent and d¢-escalat¢ mental hralth LSSUe5 and build UDderstallding around the importance of ¢reating a strong. s¢cur¢ bond with their baby in the firsi 1001 days. It also works Wlth oth¢r professiona]5 on a way to wsitively ei)gage Dad5 in th¢ parentillg journey. Improve our website messwng and the-cus1oer journey" One of the fcw areas from our Quality Assessment where we are tt currently excelling is gmund "Bran Communicaiion, Dats and Digital" the ¢oming year wc airn to address this, improvins our w¢bsite and keeping current content, moving io an online referral sysiem, and bringiDg clariry and simplifying the way potcntial voluni¢¢rs can a¢¢ess infomiation and apply. Celebrating our 25 Annhversary This year is our 25th 8Thniversary year and we plan hold an ev¢nt to ¢¢lebrat¢ the 18t 25 y¢af and lay out plans forth¢ fvture. Growing Student Pla¢em£nt project Havin8 established and stsrted delivering our Sdent placement project with one stud¢nL in the next year we plan to open it up to additiotlal universities to take on up to 3 Student Sla1 Wod(¢rs To gain insight and share knowled8¢ fiom our Research project We will ¢ompl¢te our r¢s¢arLh project thi$ y&qr and use the knowledge to incre&se uptske of volllnleering within Ethnic Minority Groups. We will share insight gained witbin the VCS in Hillin8don, the Htsm¢-Start N¢twork aThd through other straiegi¢ WIK) are intertst¢d in tht findings. Strntture. governee gnd mn•gemetst Nuiure tsfg•verning drtupnent The charity is govern¢d by a board of tntstees. th¢ Management Committee. wljts meel at l¢ast 6 tim¢s 8 year. At th¢ b04rd meetings, th¢ trustces revi¢w pro8re5s on the charity's core activities. the latest position on resources and the charity's finances. and r¢view and agree new and reYis¢d governan¢e poli¢i¢s and proceduT¢S. The board of trustees agree mitigating actions for any risks. as well &s reviewing progTess againsi stre8ic objtctives and plans. The list of trustees during the y¢ar ending 3 1 March 2024 15 Included on page l. All tmstee5 be¢om¢ direc¢oTS of the company onc¢ ih¢y have ¢ompl¢ted th¢ir fortnai appointn*nt PToce5S. Page 9
Home-start Hillingdon Limited Trustees, Report Ré¢ruilmeNi 4ndoppoilltnwnl oftruste The charity is Continuing to seek additional trllstee5 to complement th¢ cxpertrse and ¢xperien¢e of its Managemenl Committee. All new trustee5 follow a documented induetionltraining process which is flexible yet mandatory allowing training to be tstlored to their 5peciftc needs. The i]u¢tOn includes a revi¢w of kcy governance documentation. Org4nisatioRalslrnLthre During 2023-2024, the daY-¢daY operations of the charity were run by the Scheme Direc¢or. Senior Co-ordinator aDd the OffE¢e and Finall¢¢ Manag¢r. Rel#tionsbip$ with Y¢lgted parties Members of the charity Members guarantee to contribiite an amount not exceeding £1 to the &s$¢ts of the charitable company in the ev¢ni of winding up th¢ company. The totsl number of such guarantees on 31 March 2024 was 9 (2023.. 9). Moior risks aNdmoRllgemehtofthoserlskn Th¢ management committee regularly review risks to which the chajity is exposed to and maintain a risk register detailing miti¥atin8 actions. Internal control risks are tninimised by the inJplem¢ntAtion of procedure5 for authorisatioll of 811 transactions. Procedures are in place to ¢nsure ¢omplianc¢ with health and safety requirements of staff and volunteer5. Dlselosurt of inforniation to auditor Each tmst¢e has taken step$ that they ought to hav¢ taken a tru5ttt itt ord¢r to make th¢mselves aware of any relevaJ]l audit inforniation and to establish that the ¢hariWs auditor is aware of th* Énfornlaiion. The tru5tee5 confimi that th¢re is no relevant infomiation that they know of and of whi¢h they know the auditor is unawdre. The annual report was approved by the tn]st¢es of the chartty on. . and si8n¢d OTJ its behalf by.. H¢len Anastasi Chwrperson and Trustee Pag¢ 10
Home-St*rt Hillingdon Limited Independent Examiner'$ Report to the trustees of Home-StArt Hillingdon Limited ('the Company,) I r¢port to th¢ charity tnl¢eS on my ¢xaminalion of the accounts of the CompaDy for the year ended 31 March 2024. Responsibilitie5 #nd b85is of report As the charity'5 trus¢¢es of the Company {and also its directors for the purposes of rompany law) you are responsible for the preparation of th¢ wcounts ill a¢¢ordance with the requirements of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of the Company are not r¢quir¢d w be audii¢d undcr Part 16 of the 2006 A¢t and ar¢ eligible for independent examinatio I r¢port respert of my examination of your charity's accounts as carried out under s¢¢tion 145 of the Cbarities A¢t 2011 I'the 2011 Act'l. In carrying out my examination I have follow¢d the Directions given by the Charity Commission ut)d¢r secfion 145{5Xb) of the 2011 Act. Indeptndent txamlner'5 5tstement Since the Comparty's gross incom¢ exceeded £250.000 your ¢xaminer must be a mcrnber of a body list¢d in section 145 of the 2011 ACL I confirni that I am qualifhed to undertakt the examination be¢aus¢ l am a member of Sterling Grove Account2nL8, which is one of the listed bodi¢5. I have ¢omplet¢d ttjy ¢xaminatiots. I confirm that no matters hav¢ wme to my attention in connection with the examination giving me caus¢ to believe= accouniing record5 were not kept its r¢speet of Home-start Hillingdon Limil¢d &$ required by section 386 of th¢ 2006 Act. or 2. th¢ accounts do not accord with those r¢¢ords; or 3. th¢ accounts do not ¢omply with th¢ a¢wunting requirement5 of s¢¢tion 396 of the 2006 Act other than aDy requirem¢nt that the aowunts give a'trle and fair view whith is not a matter considered as part of an ind¢pendent examination. or 4. the accounts have not been prcpared in accordan¢¢ with the methods and principles of the Stst¢ment Of Recommended Pradice for ac¢ountlDg and reporting by chariti¢s lappliGable WJ eharili¢s preparing th¢ir atruntS in accordance with the Finatlcial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102)]. I have no ¢oncems and have comr a¢ross no other matter5 in COTLnettion with ihe examination to which attention should bc drawi in this report in order io enable a proper understanding of th¢ accounts to be reached. Mr GiaTmi Pietro Amasatmi FCCA Chartcred Certified A£countsnts Sterling Grove A¢¢out)tsnts 2 Regatta Pla¢¢ Fawley Hoyse Marlow Road Bourne End BuckiTbghamshir¢ SL8 STD Pa8ell
Home-start Hillingdon Limited Independent Examiner's Report to the trustees of Home-stsrt Hillingdon Limited ('the Company'} Date.. i( Page 12
Home-St2rt HilliDgdott Limited Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losse5) Totsl 2024 Unrestricted Restricted Note and Endowment5 from: Choritable aciivili¢s Other trading *iivities Investment income 174,122 10,854 463 81,611 255,733 10.854 463 Total IDwme 185,439 8l.611 267.050 Exp¢nditure on: Rais&ng funds aritable activilles {1,964} (159.841 (1,964) 262.401) 102.560) Tots] Expetlditure Nd in¢om41{expenditure} Ner movement in fvnds (161.8051 {102,560) 1264.365) 23,634 20.949 2,685 23.634 (20.9491 2,685 Re¢oD¢iligtioll (If fllnds Total funds brought foThvard Total funds Gatried fornvard 25,073 77.134 102.207 20 48,707 56,185 104,892 Th¢ notes on pages 16 to 28 forni an integra] part of these fin1claI statements. Pag¢ 13
HomStart Hillingdon Limited Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and knses) Uthrestrieted fulld8 Re5trirted fund$ Totgl 2(J23 IDtome #nd Endowments frotD: Charitable activities Other trading activities tnve5tm¢nt income 145,558 4,081 54,563 200,121 4,081 Total income 149.757 54,563 204,320 Expendityrt on: Raising funds Charitsble activili¢s (6781 {174.2871 (678) 1222,961) 148,6741 Total exp¢ndiMre (174,965} {48.674) {223,6391 Net (¢xpenditureytllC4)me 125,2081 5,889 (19.319) Net mov¢m¢nt in funds (25.208) 5,889 119J19) Rece111tion of TotaI funds brought forward 50.281 71,245 121,526 Total fi]nds wried fonvard 20 25,073 77.134 102,207 All of the charity's actAYitie5 dcriv¢ from continuing operations during th¢ at*)ve two pertods. The notes on pag¢s 16 to 28 fotm an integrnl part of th¢se financial stat¢ments. Page 14
Home-St4rt Hillingdon Limited (Registration number: 4612504) Balance Sheet as at 31 March 2024 2024 2023 Note Fiied ats Tangible asS¢IS 13 6,164 586 Current assets Debtors Cash at batth and in hand 14 15 9,526 92,569 944 106.414 102.095 107.358 Creditors: Amounts 1g11ing du¢ within one year 16 (3.367) 15,7371 curreTrl aets 98.728 101,621 Net asstt5 104,892 102,207 FUdS of the charity: Re5trirted ineome funds Restri¢t¢d fid$ 56,185 77,134 Unrestricted income funds Unrestricted ftmits 4g,707 25.073 Total fuod$ 20 104.892 102,207 For the financial yr ending 31 March 2024 the charity ¢ntiil¢d w exemption from audit nder 5ertion 477 of the Companies Act 2006 relating to small Companies. Dhi¢¢tors' rc5ponsibilities-. The members hav¢ not required the charity to obtain an audit of its aOUnts for the year in question in a¢¢ordance with section 476: and Th¢ directors knOwledge th¢ir responsibiliti¢$ for complying with the re4uir¢ments of th¢ Act with r¢$pect io accounting records and the preparatiOTL tsf accounts. cial statements on pages 13 to 28 were approved by the twsiees, and auihorised for Issue on Helen An&stasi Chairp¢rson and trustee The notes on pages 16 to 28 forni an integral part of these financial ststements. Page IS
Home-start Hillingdon Limited Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity statu5 The charitable comparty is limited by guarantee, 1ncorp0rdt in th¢ UK. aJNI wnsequently does not have share ¢apiial. Each of the trnstees is liable to ¢ontribute an amoufvt not exeeedithg £21 towards the 9¢ts tsf thc chartty in the event of liquidation. The address of its re8lStered office 15.. 306 Long Lane Hillingdo Middlesex UB109PE The prin¢ipai place of busin&sS i$.- 306 Long Lane Hillingdon Mtddlesex UB109PE Authorised for issue ate 2 Ac¢•uDtiTrg polleles Summary of 8ignifi¢#nt accouDtiDg policies And key oetuUtsTrg estlmat& The principal accounting wlicie5 appli¢d irt the preparation of thes¢ financial stat¢ment5 are s¢t out below. Th¢se policie5 hove been consistently applitd to all th¢ y¢ars present¢Lt ut)less othenvise Stated. St4tement of tompliance The finantial statcments have b¢en prepared tn arrordance with Accounting and Reporting by Charities.. Sthtement of Recommended Pra¢tic¢ (applicable to ¢harities pr¢paring their acwunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Clwities SORP (FRS 102)). the Financial Reponing Standard appli¢able in the UK alld Republic of Ireland (FRS 102} ad the C(pmpanies Act 2006. BASIS of preparatio Home-stsrt Hillingdon Limited m¢¢ts the definition of a public benefit entity und¢r FRS 102. Aets and liabi]ities ar¢ initia]ly recognised at historical cost or tronsartion value unl¢s5 otherwise stated in th¢ r¢levant aoUnting policy notes. Golffjg concern The trustees ¢on5id¢r that theT¢ are no material uncertainties about the chartty's ability to continu¢ as 4 going oncern nor any significant areas of utt¢ertainty that 8ffe¢t the carying value of assets held by the charity. lttcorne endowments All in¢ome is recognised once the charity has ¢nttilemcnt to the in¢om¢, it is probable that th¢ in¢omc will be received and the amount of the income receivable can b¢ Mred reliably. Page 16
Home-Strt Hillingdon Limited Notes to the Financial Statements for the Year Ended 31 March 2024 DohrtledserviC 4Mdf4¢llllies Wherc sejvices OT facilities are provided to the charity as a donation that would normally b¢ pur¢h&%ed from our suppliers. this b¢nefit is included in the financial statements ai it's fair value unless its fair value ¢annot be reliably mUred. thet) at the cost to the donor orthe re581e value of goods that ore to be sold. Expenditur All expenditure is r¢cognised onee there is a lega] or ¢onstn]ctive obligation to that expenditure. it is probabl¢ settlement is required wjd th¢ amount can be measur¢d reliably. All costs aTe allo¢ai¢d to the applirabl¢ expendire h¢adillg that a8gre8ate SiFnilar costs to thai tegOry. Where costs Cat be directly attributed to particular headings ih¢y have been allocated on a basis eonsistent with the use of Tesources, with central sthff costs allo¢ated on ihe basis of time spent. and depreciation ¢harg¢s allocated on the portion of the a5set'5 Use. Other supwrt costs are alltscaied based ¢)n th¢ spread of Stsff costs. Rai5inglMft These are costs it1¢4ed in attracting voluntary income, th¢ management of investsn¢nts ond those incurred In trading adivities that raise funds. Choriloble Rcliwli Chwiiable expcndilure compTiSeS those ¢o$ts incurred by th¢ ¢hariry the delivery of its activiti¢s and services for its b¢n¢ficiaries. It Liicludes both costs can be allocated directly to such activities end those costs of an indire¢t nature n¢ttssary 10 $UPPOrt them. Support ¢0Sts Support costs inGlude Central functions and hY4vc been allo¢at¢d to activity cost GategoTies a basis consistent with th¢ use of r¢source5, for ¢xample, allocatill8 propcrty costs by floor ar¢as, or per capits. siaifwsts by the time spetsr and other costs by their usage. Governanct co$ts These irt¢lud¢ the costs attributable to the chority's cornplianee with con5titutiottai and ststytory requirements. inrluding audit, strate8ic management and twstees meetings and reimbursed expens¢s. Taxilon The charity is consi¢kred to pas5 th¢ tests set out in Pard8raph I Schedule 6 of th¢ Finance 2010 and therefore it meel$ the definiiion of a charitable company for UK COTFM)ration iax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or ¢gpital gain5 received within cat¢¥ori¢s ¢oveTed by Chapler 3 Part I l of th¢ Corporation Tax Act 2010 or Se¢iion 256 of the Taxation of Chatgrabl¢ Gains Act 1992. to the extetti thai su¢h income or gains are applied exGlusivcly to ¢haritable purwses. Tangible fjyed 4sstts Individual fixed assets Costing £100.00 or more are initially rccorded at cosi, less any subsequent accumulated depreciation and subsequent a¢¢umulat¢d impairni¢t)t losses. Pag¢ 17
Home-stsrt Hillingdon Limited Notes to the Financial Statements for the Year Ended 31 March 2024 DepreciAtlon 8nd amortisatlon D¢preciatiOT] is provided on tgible fixed assets so as to write off the cost or valuatii)n, less any estimated residual valu¢. over their expected useful economic lif¢ as follows: Asset ¢la35 Plant and ma¢hinery including motor v¢hi¢les Fithres. fittings and ¢quipm¢nt DepreciAtion method gnd r#¢t 25Q/o reducing balance b&sis 25 /0 reducing balan¢¢ basis Tr*de debtors Trade debtors ar¢ amounts due from eustomers for m£handIse sold or s¢ryi¢es perfomed in the ordit)ary course of business. Trade debiors are recognised initially at The trdnsaction price. They are subsequently measured at 2mortis¢d ¢ost Using the ¢ff¢¢tiv¢ rTttere5t method. less provision for impairnient. A provision for the impaim¢nt of trade debtors 1$ ¢stabli5hed there is obj¢ctiv¢ ¢viden¢e that the charity will not b¢ able to collect all amount$ due according to the ori8ina] tem?s of the rec¢ivables. CAgh c4sh equlv#lÈnt$ Cosh and (h equival¢n(s MpriSe ¢ash hand and call d¢posit& and other short-t¢rm highly liquid investments that ar¢ rradily convertible to a known amount of cash and are subj¢ct to an insignifica¢ risk of change in value. Borrowings Intere51-bearing knrrowin8$ are initially recorded at fair value. net of ttansa¢tion costs. Interest-b¢gring btsrroTrings are subs¢quently ¢arried at amtsrtised cost. with the differen¢e b¢twe£n the proceeds. n¢t of transaction costs, and th¢ amount due on redemption being recognised as a charge to the Ststement of Finan¢ial Activitie5 over th¢ p¢riod of th¢ relevant boTrowing. Interest expens¢ is recognised 00 the ba515 of the efftctive interest method artd is included in iTht¢r¢st payable and similar ¢harg¢s. BoTTowill8s are ¢lassifi¢d as ¢urrent liabiliti¢s unle55 the charity h&% an un¢onditiotsal right to defer settl¢m¢nt of th¢ liability for at least twelve tnontlkS after the rerx>rtin8 dal¢. Pag¢ 18
Home-start Hillingdon Limited Not¢s to the Finan¢ial Statements for the Year Ended 31 Mar¢h 2024 exthgDge Trdnsaclions in foreign eurrencies are r¢¢orded at the rate of ¢xchan8e at the dale of th¢ trdnsaction. Mon¢tary asseis and liabilities denominated ITh ftireign ¢urrencie5 al the balance sheet date are report¢d at the tates of exchange prevailing at th8t date. Th¢ results of overseas operations are irhnslai¢d at the averdge rat¢s of exchange during the period and their balance sheets at the rat¢s ruling at the balance sheet date. Exchangc differences ari5itbg on translation of the opening net assets and re5uIt5 of overse&¥ operation5 are reported in other compreh¢n$ive income and aceumulated cquily (attributed to non-¢orttr(>llin8 inteK5ts as appropriat¢). Other exchange differ¢n¢¢s are recognisa iti th¢ Stst¢ment of Financial A¢tivities in the period in which they arise ¢x¢¢pt for". l) exchan8e diff¢r¢nc¢s on transaction5 entered into io h¢d8e certain foreign ¢urr¢n¢y risks (see a¥¢). 2) exchange differences arising on gains or 10$5es on non-monetary itern5 whirh are rec4)gnised in other comprehensiv¢ in¢om¢- and 3) in the case of the Consolidated fJnancia] 5tement$. exchang¢ difference5 on monetary it¢n]5 receivAbl¢ from or payabl¢ to a foreign operation for whi¢h settlement is neither planned nor likely to o¢¢iw {th¢refore forniing part of the nei investment in the (oieign operation). which are rewgnised in oth¢r comprehensive income and reported und¢r equkty. strncture Unrestricted in¢om¢ fund8 general fvnds that are availabl¢ for use at the tru5t¢es discretion in fih¢ranCe of the objectlV¢5 of the Charity. Restri¢t¢d income funds are those iknnat¢d for use in a particular area or for sp¢¢ific purposes, the us¢ of which is restricted to that area or purpose. Pert$iorts other p05 retirement obligations The tharity operates a defined benefit pension sCheme.TypicIY defined benefit plans define an amount of pensiOtJ benefit that an employee will r¢¢eiv¢ on retiremenL usua]ly dependent on one or more factors such as age, years of service and COTnp¢nSI0n. The liability r¢cognised in the Ba]an¢e Sheet in respect of defined benefit pension plans is th¢ present value of tlje dcfuled b¢nefJt obligation at ih¢ reporting date minus th¢ fair value of plan assets. Th¢ defined beneflt obligaiiot) is m¢asur¢d using the projected unit credit m¢thod. The present value of th¢ d¢fin¢d benefit obligation is derMIned by discountiTh¥ the cstimatd fvture paym¢nts by reference to market yi¢lits at the reporting datt on high*uality corporate bonds that are denominaied in lh¢ ¢urrency which the bEn¢fits will be paid. and that have temis to maturity approximating to the teriiis of the rtkned pension liability- Aduarial gains and losw are charsed or ¢dIted to tsth¢r ¢ompr¢h¢t)$iv¢ income in the period in whi¢h they tiris¢. Page 19
Hom¢-Start Hillingdon Limite4J Notes to the Financial Statements for the Year Ended 31 March 2024 Fingneial instrnmettts 3 IDcome from ¢h4ritable attivities Unrestrided funds General Restricted funds Total 2024 Total 2023 Charitable a¢tivities 174 122 81,611 255,733 200.121 4 Income from other trndiDg ictivi¢ies Unrestricted funds Genergl Total d$ Totgl 2023 Local fundraising and street collection income Other income from other trading actiwties 9.904 950 9.904 950 4,081 10.854 10.854 4,081 5 Investment income UDrestrieted nd5 General Tot#] 2024 Totil 21123 Interest receivable and similar income,. Jnierest re¢eivAble on bank deposits 463 463 118 6 Expendlturt on raSslng funds a) Co$ts of iradlllg *ctivltlt5 Unrestritted fund5 General Totgl 2024 2023 Note Fundraising trading costs. FuThdrai5ing ,964 1,964 678 ,964 1.964 678 Page 20
Home-start Hillingdon Limited Notes to th¢ Finvdncial Statements for lh¢ Year Ended 31 March 2024 7 Expenditsre OD ¢hgritble activities Unrestricttd Totsl 2024 Totsl 21)23 General Restrieted Nott Otber direct costs ChaTiiabl¢ activities Staff costs Allocated support costs 25,032 63,814 564 101.996 25.596 165.810 23.868 133,455 67.090 3.905 67,090 3,905 62,038 3,600 Gov¢rnance costs 159841 101560 262,401 222,961 8 Analysis of governanct and support ¢osts Support £osts Unrestrirted Totll 2024 Totgl 2023 Gener1 Wages and salarie5 Volunteer expenses Le¥ & professional ftts Depreciation 47.797 2,407 15,768 1.118 47.797 2.407 15.768 46.110 2,347 13 J86 195 67,090 67,090 62.038 Page21
Home-start Hillingdon Limited Notes to the Financial Statements for the Year Ended 31 March 2024 GoverDanc¢ costs UnTestri¢ted Totsl 2024 Tot1 2023 Gener1 Ind¢pendetbt examiner fees Examiiiation of the finan¢ial statements L¢gal fees 2,700 1.205 2,700 1,205 2,520 1,080 3.905 3,600 9 Trustees remuner8tlOD and txpen$eg No tru$t¢¢s. nor any persons connected with them. have received any remuneration from th¢ ¢h#rity durin8 the year. No tnjstees have received any Teimbursed expenses or any oth¢r beneflts frotn the charfftty during the year. 10 St*ff costs The aggregat¢ payroll costs were as follows.. 2024 2023 St9tf tosts durirtg the year were: Wages and salari¢s Pension costs 187,858 25,749 167,400 12,165 213,607 179,565 The TfM)nthly average number of persons (includrng senior management / lead¢rship team) employed by the charity durtllg the Ye expressed as full time equiv81ents wag as follows.. 2024 2023 Number of EP10Yess No ¢mployee re1ved emoluments of more than £60.000 during the year. Page 22
Home-start HillingdoD Limited ly0t to the Financial Statements for the Year Ended 31 Mareh 2024 11 Ind¢peDdent tx4miner'8 reeall0 2024 21123 Examination of the fmanriai stat¢ments 2.700 2,520 12 Taxgtlon The charity is a re8iStercd charity and is therefore exempt from t¥xation. 13 Tangible fixed assets FrnIture and equipment Tfjtgl Cost At l April 2023 Additions 25,760 6,696 25,760 6.696 Ai JI Mar¢h 2024 32.456 32,456 Depreeiation At l April 2023 Charge for the ycar 25,174 25.174 At 31 March 2024 26.292 26,292 Net book v*lue Ai 31 March 2024 6,164 6,164 At 31 March 2023 586 586 14 Ikbtors 2024 2023 Trade debtors Prepaytnellts 9.281 245 944 9.526 Page 23
Home-start Hillingdon Limited Notes to the Financial Statements for the Year Ended 31 March 2024 15 C•8h and elslk equivalents 2024 2023 Cash ot) hand Cash at bank 52 92.517 52 106,362 92,569 106,414 16 Creditors: falling due withitt one yur 2024 2023 Accntals 3.367 5,737 17 Obligatlons under leases and hire purchase coTrtT8ets Operating leA$e commitments Total fi]tur¢ minimum lease payments under nonthcancellable op¢rating lease5 are &s follows: 2024 2023 IAttd and buildiTrg8 Within one year Between on¢ and five years 8,698 14.860 8.698 23.558 23.558 32,256 18 Pension And other sthemes Defined ¢ontributi<lll peDSiOD Scheme The charity operates a defined contribution peDsion scheme. The pension eost ¢harge for the yeaT represents ¢tsntributioThs pay8ble by the cbarity to th¢ s¢hem¢ and amowited to £12.165 (2023- £11.497). There were no outstanding or prepaid eontributions at ¢ither the begirtning or end of th¢ financial year. Page 24
Home-start Hillingdon Limited Notes to th¢ Financial Statements for the Year Ended 31 March 2024 19 CoDting•)t liabilities Home-siart Hillingdon Limited participates in The P¢nsions Trust's Growth Plan (Ihe Plan). Th¢ Plan i5 funded and is not contra¢ted-OUt of the Stste scheme. The Plan is a multimploy¢T pension plan. The charity participated in Series 3 of the Plan up to its ¢losure on 30th Sept¢mber 2013. when li was replaced by Series 4, a defill contribution money-purcha5e pension wheme. to which current contributions made. Following a ¢haDge in legislation in Septetnber 2005 there is a potential debt on the employ¢r that could b¢ levied by the TrnsÉee of the Plan atsd The Pensions Ad 2011 has more recently altered the definition of Series 3 of thc Groivth Plan 50 thai a liability arises to employ¢r5 from memb¢rship of any Series except Series 4.The debt 15 due in the event of the ¢mployer eea5ing to p&rti¢ipatr in the Plan tsr the Plan winding up. The debt for the Plan as ¥ whole is cal¢ulated by cornparing th¢ liabilities for ihe Plan (¢al¢ultd on a buy-out basis i.e. th¢ cost of securing benefits by purchasing annuity policies from an insurer. plus an allowan¢¢ for ¢xpenses) with th¢ assets of the Plan. If the liabilities exc¢ed assets there is a buy-oui debt. The leaving employ¢r's share of the buy-out debt is th¢ proportion of th¢ Plan'$ liability attributable to employment with the le&ving employer compared kn the total amowit of the Plan's liabilities (relating to employment with all the Currently participatkng cmployersl. The leaviDg employer's debt therefore includes a share of any 'orphat)' liabilities in respect of previously participatin8 employ¢rs. The amouni of the debt therefore dep¢nds on many factors in¢luding iotal Plan liabilities, Plan invest¢1 perforn)allce. the liabilities in respect of current and fornier employees of the employer, finala1 ¢ondiihons at the time of the SsatiOn event and the in5uran¢e buy-out market. Ther¢fore, the amounts Ot-d¢bi can be volatile over time. Whett an employer withdraws from a multithemployer d¢fin¢d benefit pension h¢e whi¢h is in deficiL the employer is required by law to pay its sh&r¢ of the d¢fi¢it, calculat¢d on a srhwiory basis (kntswn as the buy-out bosis)- Due to a change in the definition of tngn¢y purchase contained in the Pensions Act 2011 the calculation basis that applie5 to th¢ GroM¢h Plan will be am¢nded to include Series 3 liabilities in th¢ cglculation of an employer's d¢bton withdrdwal. The Growth Plan 15 a'last man standing" multi<mployer scheme. Thi$ means that if a withdrawing employer is unable to pay its debt on withdrdwa] the liability is shared arnongst ihe remaining employers. The participating ¢mployers are th¢refor¢, jointly and 5eveJt]ly lioble for the deficit in th¢ Growth Plan. The charity h&8 becn notified by The Pcn5ions Trust of the estimated employer debt on with(trawal from th¢ Platl based on the financial position of the Platt as at 30 September 2023. As of this date the estimo¢ed employer debt for the charity was £6,071. It is noi currently 2llticipated that the Charity will leav¢ th¢ p¢nsion schem¢ and th¢refore the witlhdrnw41 liability is not exptttcd to crystailise in th¢ foreseeable tre. Page 25
Home-start Hillingdon Limited Notes to the Financial Statements for the Year Ended 31 March 2024 20 Funds Incoming reWrt¢S Re50urvs txpellded BAIAne¢ gt 31 March 2024 ApT*I 2023 Uthre5tricted funds GeneMI Coie 25,073 185.439 (161.805) 48.707 Restricted funds HCT fundin8 for PMH & FSW HSL & CNWL PMHProject CNOOC. PMH Project Heathrow Com- FSW Civil So¢i¢ry Roots The Fore 24.123 26.011 27,000 (24,123) {26.011) (34.119) (10,7151 {7,580) (l2 28.000 13.51)0 20.111 20.000 20.881 2.785 11531 19,988 77.134 81,611 102,560 56,185 Totsl funds 102,207 267,050 {264,365 104,892 BalAnte at I Aptil 2022 Incorning resources Resourtes txpended Balance at 31 March 21123 Unrestricted Genero1 Core 50,281 149,757 (174,965) 25,073 Restricted fllnds HCT funding for PMH & FSW HSL & CNWL PMH Projc¢l CN(K)C- PMHProj¢¢t 59,413 11,832 {35,290) (13,384) 24.123 26,011 27,1100 27,563 27.000 71,245 54,563 (48.6741 77,134 Total funds 121.526 204.320 1223.639) 102.207 Page 26
Hom&Start Hillingdon Limited Notes to the Financial Stat¢m¢nts for the Year Ended 31 March 2024 The sp¢¢hfic purp)ses for whhch th¢ fimds are to be applied ar¢ w follow5.. Core Funds- This fund relates to the main service whi¢h i5 training volunteers to 5UPPOrt famili¢5 in Hillingdoo who are experiencing Some fom of crisis. The Core Service covers the costs of the core st4ff salaries (inc Nl and Pensions) and th¢ main costs of ih¢ charity e.g. rent and service charges for accomtnodation, cost of re¢ruiting and traitting volunteers, stair trainin8 and expenses. volunteer travel exp¢nse& prof¢5SiOt)ai f¢es insurance. acwuntsnt ftts, annual fee to Home•Start UK etc. Hillingdon Community Trust - This is to ¢mploy a cOrdinal0r with resJx)nsibility for ¢xtending HOMstart Hillingdon's work by ¢stablishing a new progrdmme fOcUd on supporting wotnen with, or at risk of, mental h¢alih problem% during th¢ p¢rinatai period in th¢ Hillingdon CommuDity Trust area. Home-start London and CNWL partnership - This fvnd is to d¢liY¢r an NHS funded Perinatal Menial Health Pttr Support Model Pilot between August 2020 and January 2022. CNOOC PMH Project - This funding enables us to our exisitin& expertise in P¢rinatal Mentral H¢alth (PNMfrI) io rea¢b more familie5 by re¢ruiting, training and managing 10 addilional volunteers to provide up to 6 months peer supwrt to an additional l6 famiies a year dealing with or at risk of PNMH chall¢nge5. Heathrow Community Trnst - Thi5 fvnding is io employ Family Supp)rt Worker 5UPPOrt to IS vulThcrable fatnilies with at least I child und¢r 5 who have complex n¢¢ds aDd face barriers 10 coping well with parenting. Th¢s¢ may include isolation, mental he&]th ¢hall¢ng¢s alld dIleItieS ac¢¢$$ing eommullity resources. Civil Society Roots - This fwiding is to cover the Salary of & Community Ertgag¢ment Coordinator, to design and deliver focus groups that idenlity rnotivations for anil to volunttuing, analy5¢ the dail and dt$is efftctive strategL¢5 to tsrg¢t and enable rnothers from EMGS to p8rticipate in t)¢xt year's HSH volut)teer re¢ruittnent. Th¢ Fort This funding 15 tts re¢nJit and establish the rol¢ of a Community and Corporate FudraiSLnB Coordinator. This rol¢ would allow HSH th¢ OpponIty tt> divetsify funding streatn5 to enable orgattisational sustsinability- 21 Analys&s of ne¢ #sgets between funds Unreslri¢¢ed TotAi fuThds at 31 Marcb 2024 Restricted funds Gener41 Tangible fixed a55et5 Current ass¢ts .urrenl liabililies 6,164 45,910 {3.367) 6.164 102.095 (3.367 56,185 Total net assets 48,707 56,185 104,892 Pag¢ 27
Home-slart Hillingdon Limited Notes to the Financirdl Statements for the Y¢ar Ended 31 MaT¢h 2024 Unrestri¢ttd [ndS GeDer81 Total fuDds gt 31 Marcb 21b23 Restri¢ted funds Tangible futed assets Current &%s¢t5 Current liabilities 586 30,224 {5.737) 586 77,134 107,358 15,737) Toiai Met assets 25.073 77,134 102,207 22 Relaled pgrty tr4D5aCtions There were no related party tMJsa¢tiOll5 the year. Page 28