REGISTERED COMPANY NUMBER: 05104961 (England and Wales) REGISTERED CHARITY NUMBER: 1105047 ort of the Trustees 8nd Unaudited Financial Statements for the Year Ended 31 March 2024 for Home-start South West Kenl Peter Hodgson & Co. Chartered Accountants Shadwell House 65 Lower Green Road Tunbridge Wells Kent TN4 8TW
Home-start South Wes¢ Kent Contents of the Financial Stalements for the Year Ended 31 March 2024 Page Report of ihe Trustees Independent Examiner's Report Statement of Finaneial Activities Balance Sheet Notes to the Financial Statements 7 to 13 Detailed Statement of Financial Aetivities 14
Home-start South West Kent ort of the Trustees for the Year Ended 31 March 2024 The Trustees present Iheir report and financial statements for the year ended i l March 2024. The financial statement5 have been prepared in accordance with the accountino policies set out in note I to the financial slatements and comply with the charity's governing document. Ihe Companies Act 2006 and "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)" OBJECTIVES AND ACTIVITIES Objectives and aims Under the Charity's Memorandum of Association, the objectives of the Charity are: To safeguard, protect and preserve the good health, both mental and physical of children and parents of children- To prevent cruelty to, or maltreatment of, children- To relieve sickness, poverty and need amongst children and parents of children; To promote the education of the public in the better standards of childcare especially within the County of Kent. The Charity offers support, friendship and practical help to parents with young children, in the Tunbridge Wells and Tonbridge and Malling districi and some areas of Sevenoaks district. This is done through the recruitment and training of volunteers, who are parents themselves. from the local community. These volunteers then visit families with at least one child under 5 at home to offer informal. friendly and confidential suppor¢ with back up from the Charity's qualified and experienced sthff. This Charity's approach to service delivery is based on the importance of families, volunteering and the community. The Charity works in partnership with other voluntary and siatuiory agencies and also accepts direct referrals from families themselves. The Charity provides practical and emotional support to parents during difficult limes. using trained and supported volunteers. Parenis are supported to use the services in their area for example the Children's Centres. advice centres, mother and toddler groups and the local library. In the year, the Charity received 113 referrals and supported 113 families including 229 children. The supported families have been refeed by Health Visitors, KCC Early Help and other sources, with I 10/0 of our parents contacting us directly for support. An a55e55ment is made of all families. needs, in tern)s of the following four categories, with subdivisions in each category. Families may only need support with one of these categories or in more than one. A - Parenting Skills - 940/0 of families supported improved. B- Parent's Well Being- 970/0 of families supported improved. C- Children's Well Being- 930/0 of families supponed iTnproved. D- Family Management _ 950/0 of families supported improved. The trustees have had regard to the Charity Commission's general guidance on public benefit and are satisfied that the charitable objects or purposes of the charity and rhe way it operates meet the public benefit requirement. Page I
Home-slart South West Kent ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Review of the period The Charity had a surplus for the year of £4.922 (2023 surplus £11,341). Al the end of the period, net assets were £131,300 (?023 £126,378). We have found in an increase in the complexity of families referred to our service, with a marked increase in parental mental health problems and special needs in children. In order to equip our volunteers to feel able to help families, we have continued to offer mental health first aid trainino as well as training on perinatal and infant mental health. Our one to one suppon and supervision of volunteers has also increased, with a meeiing with a co-ordinator now arranged at 6 week intervals. We were also able to offer families Christmas 'treats' such as visits to Sant4 with the support of Waitrose in Paddock Wood. As in previous years, our volunteer numbers continued to increas¢. from 77 to 91 during the year, although numbers at the end of the year were 77, less Ihan the increase we had aimed for in our business plan we agreed last year. Although we had been reasonably successfvl wilh recruitment. we also had a number of volunteer resignations, with some needing to return to work, look after grandchildren or elderly relatives. We continued ihroughout the year with our staff team of 6 representing 3.4 as a full fime equivalent, and Tnade the decision not to increase this capacity until our volunteer numbers warrant this. Our geogrdphical coverage remained the same as last year. which is the districts of Tunbridge Wells, Tonbridge and Malling as well as parts of the Sevenoaks district including Sevenoaks town. Edenbridge and surrounding villages. As reported last year, the competition for funds is noticeably higher, so whilst we continue to be supponed by the vast majority of our existing funders, it is more challenging to find new sources. We also were unable to secure a renewal of one of our largest multi-year funders. These faciors also influenced our decision not lo increase stsff numbers in line with our business plan. However, we remain committed to growing the charity and its reach when we are able to secure the appropriate funding and increase our volunieer numbers. The trustees believe ihat our reserves policy will protect us against any shortfall whilst we look for other funding sources to support this planned gr0h. Reserves policy The Charity requires reserves to protect its current activities, in order to allow the Trustees to meet their day-to-day responsibilities and to ensure that it continues to operate as a going concem. Reserves are maintained in accordance with the Reserves Policy. The Trustees conduct an annual review of the reserves to ensure that they are maintained in line with the policy and are at an appropriate level given the scale of operations and the financial obligaiions of the Charity. The Charity has a General Reserve and a Restricted Fund. As at 31 March 2024, the Restricted Fund of £2,397 comprises of four donations, two donaiions to be used a5 hardship funds for families being supported and two donations to be used as unspent Parish Council Grants for family support in each parish. Funds have been designated from the General Reserve to replace staff equipment. The Trustees have determined that the level of General Reserve, should be Su1cent to allow an orderly winding dowi of activities, including meeiing all obligations to staff and suppliers. In the event that the Charity is not successful in coniinuing to secure funding. Accordingly, as at 31 March 2024, based on future running costs of the Charity the General Reserves represent 9.5 months of expenditure. The Trustees feel that this is a prudent level given the increased running costs, commitments to families and also given the continuing uncertainties around ihe pandemic. The Tnjsiees will keep the level of reserves under constant review. Risk Management As a Home-start scheme, the Charity is bound to adopt the Home-start UK Quality Standards, which were developed in conjunction with the Charities Evaluation Services. The Trustees are committed to ensuring that the Charity adhe5 to these standards which fall into four Quality Areas: Page 2
Hontrsknrt &• Wut rt•f 2. Leadll a 8Teat team 3. Makmg ts n¥)st of data Registered Compaay number 05104961 (FAW a1 Wal¢s) Registered Charty ttuber I 105047 116b London Road SuuthtKsrough Tunbndge WL'lls Kent TN4 OPN Truittts D J Akeburst A R l. Flogle W M¢(F¢8Ghy S Tattersall M Weare J M¢rri¢k J Cross {aOInted 20.7.23) Ind¢pendent ExaDthier Aidan S'myth ACA I."LCA Pct¢r14odwD & Co. Shadml House 65 Lower Green Road Tunbnd8¢ Wells Kent TN4 8TW by orderofthc tN)ard oftruthson. ..... . ..... ........................ sIgd on its Fl)•lf by.. ARI. 8¢3
Inde endent Examiner's Re ort to the Trustees of Home-start South West Kent Independent examiner's report to the trustees of Home-start South West Kent ('the Company,) I report to the charity tnistees on my examinaiion of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company {and also Lis directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act ?006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as Caled out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In canying out my examination I have followed the Directions given by the Charity Comrnission under Section 145(5) (b) of the 201 l Act. Independent examiner's statement I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause io believe- accounting records were not kept in respect of the Company as r¢quired by Section 386 of the 2006 Act; or the accounis do not accord with those records- or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the rnethods and principles of the Statement of Recommended Practice for accounting and reporting by charilies (applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be draw) in this report in order to enable a proper understanding of the accounts to be reached. Aidan Smyth ACA FCCA Peter Hodgson & Co. Chartered Accountants Shadwell House 65 Lower Green Road Tunbridge Wells Kent TN4 8TW Page 4
Home-start South West KeDI Statement of Financial Actii'ities for the Year Ended 31 Mareh 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 2,777 2,777 1,366 Charilable activilies Grants receivable 60.700 91,450 152,150 147,255 Other trading activities Investment income 449 1,659 449 1,659 615 Total 65.585 91.450 157,035 149,236 EXPENDITURE ON Raising fund5 11.582 11,582 10,680 Charitable activities Charitable Activities 49,831 90,700 140,531 127,215 Total 61.413 90,700 152,113 137,895 NET INCOME 4,172 750 4,922 11,341 RECONCILIATION OF FUNDS Total funds brought forward 124.731 1.647 126.378 115.037 TOTAL FUNDS CARRIED FORWARD 128,903 2.397 131,300 126.378 The notes fomi part of these financial statements Page 5
2024 Tot 2023 Totsl FIXED A&8 'I'&ngible assc¢s io 1.719 1.719 2.183 CURRENT A&SETS [brS ash at Ink. aryl iti ha 1977 132.618 19 135.015 2.707 128J27 12 1397 135595 2.3YI l37.9)2 131.034 CREDTTORS 13 (8.411) ,411) (6.839) 127.184 2.397 129.581 124.195 TiyfAL ASSETS LLSS CURRENr LIABILKs I28.3 1397 1313 126J78 NET ASSETS I28.)3 2.397 131J l26.378 14 128.903 2J97 124,731 1.647 Rethicted fu TOTAL FUNDS 131.3 126.378 'rhe cb&ntabk rA)nw is entitled ts exellytson from a't uDJer knlion 477 of thB A¢t 2(rf)6 for th¢ ye4T eThled 31 March 2024. 31 Mar¢h 2024 in a¢¢¢)Tkn with Se¢lion 476 of the Compatiits A¢1 2(K)6. (a) ensuri thai tkn charitable compazry arAY)WtW8 rtCOTd5 thjt con¥ty with Se£liow 386 aTxI 387 of Coll4wues Act 21X)6 (b) pryTll¥ rmancl statements wtu'ch 8rNJ fair view of Ik ststc of affairs of the ¢Trontablc as at the tj of ea¢h year atml of its sWpI or deficit for each year m accoTkn the rxl sigt*d on its IKhalf by: Trustee Pa8e 6
Home-start South West Kent Noles to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with ihe Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reponino Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Changes in accounting polieies There have been no changes in the accounting policies adopted by the charity in either the current or previous years. Incoming resources All income is re¢ognised in the Siatement 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. Gifts in kind donated for distribution are included at valuation and recognised a5 income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at ihe value to the company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for the services donated by the volunteers. Donated services or facilities, which comprise donated services,are included in income at a valuation which is as estimate of the financial Cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Resources expended All expenditure is accounted for on an accrual basis and has been included under the expense categories that aggregate all costs for allocation activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure when the condition5 atlaching are fulfilled. Grdnts offered subject to conditions which have not been met at the year£nd are noted as a commitment. but not accrued as expenditure. Expenditure includes Value Added Tax and is reported as part of the expenditure io which it relates. Govemance costs comprise the costs involving the public accountabiliry of the charity (including independent examination costs) nad costs in respect to its compliance with regulation and good practice. Tangible fixed assets Depreciation is provided at the following annual rates in order to wriie off each asset over its estimated useful life. Improvements to property Fixtures and fittings 20 % on cost 200/0 on cost "l-angible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairnient losses. The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the Carrying value of the asset. and is recognised in net incomel(expenditure) for the year. Taxation As a chariry, Home-start South Wesi Kent is generally exempt from taxation with the exception of Value Added Tax. Where appropriated, all expenditure is stated inclusive of the related Value Added Tax. Page 7 continued...
Home-start South West Kent Notes to the Financial Statemenls continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricied purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted pury)oses. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Critical accounting estimates and judgements In application of the charity's accounting policies. the Trustees are required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent frorn other sources. The estimates and associaied assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affect5 only that period, or in the period of the revision and future periods where ihe revision affects both cuent and future periods. Impairmen¢ of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to detennine whether there is any indication that those assets have suffered an impairnient loss. If any such indication exists, the recoverable amount of the asset is estimated in order io deterniine the exient of the impairment loss (if any). Going concern Ai the time of approving the financial siaiemenis, Ihe Trustees have a reasonable expectation that the charity has adequate resources to continue to adopt the going concern basis of accounting in preparing the financial statements. Functional Currency The functional currency used by the charity is £ sterling. Employee benefits The cost of any unused holiday entitlement Is reco(>nised in the period in which the employee's services are received. Temiinarion benefiis are recognised irnmediately as an expense when the charity is demonstrably committed to terniinate the employment of an employee or to provide tennination benefits. DONATIONS AND LECACIES 2024 2023 Donations 2,777 1,366 OTHER TRADING ACTIVITIES 2024 2023 Fundrdising events 449 Page 8 continued...
Home-start South West Kent Notes ¢0 the Financial Statemenls - continued for the Year Ended 31 March 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 1.659 615 CHARITABLE ACTIVITIES COSTS Fundraising costs inCued in the year amounted to £11.582 (2023 . £10.680). Other costs incurred in the year amounted to £140.531 and all related to charltable aciivities (2023 £127,215). NET INCOMEI(EXPELYDITURE) Net income/(expenditure) is stated after chargingl(crediting)- 2024 2023 Depreciation - owned assets Hire of equipment 1.064 442 968 442 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended JI March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 102,475 2,153 ,051 88,886 1,215 825 105.679 90,926 The average monthly number olemployees during the year was as follows: 2024 2023 Administration and marketing No employees received emoluments in excess of £60,000. Page 9 continued...
Home-stsrt Soulh West Kenl Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- VERSUS 2023 Unrestricted Restricted fund nd Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 1,366 1,366 Charitable activities Grants receivable 43,750 103,505 147,255 Investment income 615 615 Total 45.731 103.505 149,236 EXPENDITURE ON Raising funds 7.680 3.000 10.680 Charitable activities Charitable Activities 26,005 101,210 127,215 Total 33.685 104,210 137.895 NET INCOME/{EXPENDITURE) 12.046 (705) 11,341 RECONCILIATION OF FUNDS Total funds brought forward 112.685 2,352 115,037 TOTAL FUNDS CARRIED FORWARD 124,731 1.647 126,378 io. TAiYGIBLE FIXED ASSETS Improvements io Fixtures and fittings property Totals COST At l April 2023 Additions 3.673 8.626 600 12,299 600 At 31 March 2024 3.673 9.226 12,899 DEPRECIATION At l April 2023 Charge for year 3,210 242 6,906 822 10.116 1,064 At 31 March 2024 3.452 7.728 11.180 NET BOOK VALUE At 31 March 2024 221 1,498 .719 At 31 Mar¢h 2023 463 1,720 2.183 Page 10 continued...
Home-start South West Kent Notes to the Financial Statements- continued for the Year Ended 31 Mareh 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 2,977 2.707 12. CASH AT BANK AND IN HAND 20?4 Total funds 20?3 Total funds General fund Restricted fund Cash in hand Bank current & deposit accounts 500 132.118 500 134,515 119 128,208 2.397 Total 132,618 2,397 li5,015 128,327 Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and over bank overdrafts. Bank overdrafts are shown within borrowings in cuent liabilities. 13. CREDITORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 2024 2023 Social security and other taxes Accounts payable Accrued expenses 1,841 2,670 3,900 1,455 1,663 i,721 8,411 14. MOVEMENT IN FUNDS Net movemenl in funds At 31.3.24 At 1.4.23 Unr¢s¢ricted funds General fund 124,731 4.172 128,903 Restricted funds Restricted fund 1.647 750 2,397 TOTAL FUNDS 126,378 4.922 131.300 Page 11 continued...
Home-start South West Kent Noles to the Financial Statements- continued for Ihe Year Ended 31 March 2024 14. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 65.585 (61,413) 4.172 Restricted funds Restricted fimd 91,450 (90.700) 750 TOTAL FUNDS 157,035 (152,113) 4.922 Comparatives for movement in funds Net movement in ndS At 31.3.23 At 1.4.22 Unrestricted funds General fimd 112,685 12,046 124,731 Reslricted funds Restricted fund 2,352 {705) 1,647 TOTAL FUNDS 15.037 11.341 126,378 Comparative nei movement in funds, included in the above are &$ follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 45,731 (33,685) 12,046 Restrieted funds Restricted fund 103.505 (104,210) (705) TOTAL FUNDS 149,236 (137,895) 11.341 Page 12 continued...
Home-start South West Kenl Notes lo Ihe Financial Statements- eontinued for the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 112,685 16,218 128.903 Restricted funds Restricted fund 2.352 45 2.397 TOTAL FUNDS 15.037 16.263 131.300 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 111.316 (95,098) 16,218 Restricted funds Restricted fund 194.955 (194.910) 45 TOTAL FUNDS 306,271 (290,008) 16,263 15. RELATED PARTY DISCLOSURES There were no related party trdnsactions for the year ended 31 March 2024. Page 13
Home-start Soueh West Kent Detailed Statement of Financial Aetivilies for the Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations 2,777 1,366 Other trading aetivities Fundraising events 449 Investment income Deposit account interest 1.659 615 Charitable activities Grants receivable 152.150 147,255 Total incoming resources 157,035 149,236 EXPENDITURE Raising donations and legacies Fundraising costs 1.582 10,680 Charitable activities Wages Employer's national insurance Pensions Hire of equipment Rent. rates & utilities Telephone & communications Advertising & marketing Accounting Meeting expenses Home-start fees & subscriptions Insurance Computer & IT costs Printing. postage & stationery Staff travel and subsistence General admintstrative expense Health & safety Family support costs Volunteer expenses Siaff training & welfare Depreciation - property Depreciation equipment Bank charges 102,475 2,153 1.051 442 10.862 1,601 88,886 1,215 825 442 10.205 1.674 17 5,503 93 2,781 ,265 2,461 693 1,889 196 55 2.900 4,277 461 241 727 409 5,483 137 2,710 1,424 1,502 422 2.187 257 42 770 5,372 137 242 822 440 140,531 127.215 Total resources expended 15? 113 137,895 Net ineome 4,922 11,341 This page does not form part of the statutory financial ststements Page 14