REGISTERED COMPANY NUMBER: 05104961 (England and Wales) REGISTERED CHARITY NUMBER: 1105047 ort of the Trustees 2nd Unaudited Financial Stalements for the Year Ended 31 March 2025 for Home-start South West Kent Peter Hoduson & Co. Chartered Accountants Shadwell House 65 Lower Green Road Tunbridge Wells Keni TN4 8TW
Home-start South West Kent Content5 of the Financial Statements for the Year Ended 31 Imarch 20?5 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activitie5 Balance Sheet Notes to the Financial Statements 8 to 15 Detailed Statement of Financial Activities 16 to 17
Home-start South West Kent ort of the Trustees for the Year Ended 31 .March 2025 The Trustees present their report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel oul in note I to the financial statements and comply with the charity's ooverning document, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparino 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 UT)der the Charity's Metnorandum of Association, the objectives of the Charity are.. To safe(ruard, 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 parent5 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 youno children, in the Tunbridge Wells and Tonbridge and Mallinu district and some areas of Sevenoaks district. This is done through the recruitment and trainino of volunteers, who are parents themselves, from the local community. These volunteers then visit families with at leasi one child under 5 at home lo offer infomial, friendly and confidential support, with back up from the Charity's qualified and experienced staff. This Charity's approa¢h to service delivery is based on the importance of families, volunieering and the community. The Charity works in partnership with oiher voluntary and statutory agencies and also accepts direct referrals from families themselves. The Charity provides practical and emotional support to parents during diificult times, using trained and supported volunteers. Parents 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 149 referrals and supported 108 families including 201 children. The supported families have been referred by Health Visitors, KCC Early Help and other sources, with 14 % of our parents contacting us directly for support. An assessment is made of all families, needs. in ternis of the following four categories, with subdivisions in each ¢ategory. Families may only need support with one of Ihese categories or in more than one. A - Parenting Skills - 95 % of families supported improved. B- Parent's Well Bein(r_ 96010 of familie5 SUPPOrted improved. C- Children's Well Being- 94/0 of families supported improved. D- Family Managernent- 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 ¢hariiable object5 or purposes of the charity and the way it operates meet the public benefit requirement. Page I
Home-start South West Kent ort of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Review of the period The Charity had a surplus for the year of £35,368 (2024- surplus £4,922). At the end of the period, net assets were £166,668 {2024 £131.300). We continue to see an increase in mental health issues, notably anxiety and depression, being a factor in families referred to U5, and so ¢ontinue to offer ongoing training and support to our volunteers. We recruit and train new volunteers throughout the year, using local advertising and social media channels but have found it to be a challenge to increase our volunteer numbers, which we believe is a challenge beino experienced across Ihe voluntary sector. Our volunteer numbers have therefore remained relatively static, ending the >'ear al 77, the same as the previous year, and less than was forecast in our business plan. We did however, with resignations and recruitment, use a total of 85 volunteers during the year. We continued throuohout the year with our slaff team at 6 (full time equivalent of 3.4) but with a personnel change as one of our Coordinators resigned and was replaced by our administrator. In turn. she was replaced by einployinu an existin volunteer as adminislralor. We find that recruiting staff from our network aids continuity and quick integration, as well as reducing the risk of a poor fit as we already know the new recruit. Once aoain we have not increased our staff capacity and will not do so until our volunteer numbers warrant this. Our geographical coverage remained the same as the lasi few vears. which is the districts of Tunbridge Wells, Tonbridge and Malling as well as parts of the Sevenoaks districi includinti Sevenoaks towm, Edenbridge and surrounding villages. Competition for funds remains fierce, and it is challenoino to find new sources. One or two of our existing funders are restrictinu their criteria that will exclude us in the ture. We did however receive the excellent new5, just after the year end, of the renewal of our largest funder, the National Lottery Community Fund, for an additional 5 years for "Building resilience in families" This urant is very important to us, being a cornersione to our financial stsbility which in turn gives confidence to other funders when considerino u5 for their programmes. We were also very fortunate to be awarded Charity of the Year by Knole Park Golf Club who raised nearly £?3.000 on our behalf. We were extremely pleased to be recognised in our local community in the Love Where We Live Awards, by winnino the overall award, as well a5 Charity of the Year 2024. These awards are a project promoted and led by Tunbridge Wells Borough Council and sponsored by locally involved oroanisations. Reserves policy The Charity requires reserves to protect its current activities, in order to allow the Trustees to Ineet their day-to-day responsibilities and to ensure that li continues to operate as a going concern. Reserves are maintained in accordance with the Reserves Policy. The Trustees conduct an annual review of ihe reserves to ensure ihat they are maintained in line with the policy and are at an appropriate level given the scale of operations and the financial obligations of the Charity. The Charity has a General Reserve and a Restricted Fund. As al 31 March 2025, the Restricted Funds unspent for 24125 are £1,71 O made up of i grants, two being the emergency funds as mentioned in the accounts last year and one Parish council grant. The Trustees have detemiined thai the level of Generdl Reserve. should be sufficieni to allow an orderly winding down of activities. including meelino all obligations to staff and suppliers. In the event that the Ch2rity is not successful in continuino to secure fundin Accordingly, as at i l March 20?5, based on future runnin(v costs of the Charity Ihe General Reserves represent 12 months of expenditure. The Trustees feel that this is a prudent level given the increased runnin costs, COmTnitments to families and also given the continiiing challenges of fundraising for charities in the UK. The Trustees will keep the level of reserves under constant rcvicw. Risk Management As a Home-start scheme, the Charity is bound to adopt the Horne-start UK Quality Standards, which were developed in conjunction with the Charities Evaluation Services. Page 2
rt of the Trws1tt5 Yur rcb 2025 3 the most of da Governnce have t in train to Ulate atsj thpl a ttw xt of Articks of AlatIOn to tDed fhis REFERENCE A14D ADMii¥isfRATIVE DAlls Reglstered CoMpY llullhber 05104961 IF4laTrJ aryl Wales) 1105047 Registered office 116b lAKyloD Rthl SouthEor0 Tthid8e Wells Kcnt TN4 OPN D J Akchwst A R l.lJgle W MeGhY S l atter%all Mwe J Merrick J Cross ludwdtfjt ETrmlner Smyth ACA Peier H11 & Co. 8hadMrll 110 65 Imvw GTR0] T• Wells Kent TN4 Approv b erof ARL P4¢3
Inde endent Examiner's Re ort to the Trustees of Home-start South West Kent Independent examiner'5 report to th¢ truslees of Home-start South West Kent ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not requtred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respeci of my examination of j'our charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's statement I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with those record5- or the accounts do not comply with the a¢¢ountincv requirements of Seciion J96 of the 2006 Act other than any requirement that the accounts give a true 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 methods and principles of the Statement of Recommended Practice for accountints and reportinc¥ by charities (applicable 10 charities preparing their accounts in accordance with the Financial Reportino Standard applicable in the UK and Republic of Ir¢land (FRS 102)). I have no concerns and have come across no other matters in Connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Aidan Sm)oh ACA Peter Hodgson & Co. Chartered Accountants Shadwell House 65 Lower Green Road Tunbridge Wells Kent TN4 8TW Date.. Page 4
Home-start South West Kent Statement of Financial Activ itie5 for the Year Ended 31 Lmarch 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 29.215 29,215 2,777 Charitable activities Grants receivable 69,304 86.414 155,718 152,150 Other trading activities Inve5tlDent income Other income 475 2,089 1,576 475 2,089 1,576 449 1,659 Total 102,659 86,414 189.073 157,035 EXPEf4DITURE ON Raising funds 10.422 10,422 11,582 Charitable activities Charitable Activities 56,182 87,101 143,28) 140,531 Total 66,604 87.101 153,705 152,113 NET INCOMEI(EXPENDITURE) 36,055 (687) 35,368 4,922 RECONCILIATION OF FUNDS Total funds brought forward 128,903 2,397 131,300 126,378 TOTAL FUNDS CARRIED FORWARD 164,958 1,710 166,668 131,300 The notes form part of these financial statements Page 5
Home-start South West Kent Balance Sheet 31 imarch 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 10 1.673 1,673 1,719 CURRENT ASSETS Debtors Cash at bank and in hand 4,126 162,150 4,126 163,860 2,977 135,015 12 1,710 166,276 1.710 167.986 137,992 CREDITORS Amounts falling due within one year 13 {2,991) (2,991) (8,411) NET CURRENT ASSETS 163,285 1,710 164,995 129,581 TOTAL ASSETS LESS CURRENT LIABILITIES 164,958 1,710 166,668 131,300 NET ASSETS 164,958 1,710 166,668 131,300 FUNDS Unrestricted funds Restricted funds 14 164,958 1,710 128,903 TOTAL FUNDS 166,668 131,300 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring thai the charitable companv keep5 accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which trive a true and fair view of the state of affairs of the charitable coinpany as at the end of each financial J'ear and of its surplus or deficit for each financial year in accordance with tlie requireinents of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relaliiig to financial statements, so far as applicable to the charitable cornpany. (b) The notes fonn part of these financial statements continued...
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Home-start South West Kent Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statemen15 of the chariTable company, which is a public benefil entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accountino and Reporting by Charities- Statement of Recommended Practice applicable to charities preparino their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Changes in accounting policies There have been no chantses in the accounting policies adopted by the charity in either the current or previous years. Incoming resources All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fvnds, 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 as income when they are distributed to the projects. Gifts donated for resale are included as incoTne i4.hen they are sold. Donated faciliiies are included at the value to the company where this can be quantified and a third partv is bearints the cost. No amounts are included in the financial statements for the services donated by the volunteers. Donated service5 or facilities, whlch comprise donated services.are included in income al a valuation which is as estiTnate of the financial Cost bome by the donor ivhere such a cost is quantifiable and measurable. No income is recognised where there is no financial cosi borne by a third party. Resource5 expended All eypenditure is accounted for on an accrual basi5 and has been included under the expense categories that aggregate all costs for allocation activities. Where costs cannot be directly attributed to particular activities ihey 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 conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure. Expenditure includes Value Added Tax and is reported as part of the expenditure to which it relates. Governance costs comprise the costs involving the public accountability 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 write off each asset over its estimated useful life. Improvements to property Fixtures and fittings 200/0 on cost 20% on cost Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairnient losses. The (yain or loss arisints on disposal of an asset is detennined as the difference between the sale proceeds and the carying value of the asset, and is recounised in net incomel(expendilure) for the year. Pag¢ 8 continued...
Home-start South West Kent Notes to the Financial Statements - continued for the Year Ended 31 .March 2025 ACCOUNTING POLICIES- continued Taxation As a charity, Home-start South West 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. 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 restricted purposes within the objects of the charity- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fimd is included in the notes to the financial statements. Critical accounting estimates and j udgements In application of the charit) s accouniino policies, the Trustees are required to make judgements,estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are reviewed on an ongoing basis. Reis1onS to accounting estimates are recognised in the period in which the estimate is revised where ihe revision affects only that period, or in the period of the revision and future periods H'here the revision affects both cutTent and future periods. Impairment of fixed assets At each reporting end dale, the charity reviews the carrving amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimieni loss. If any such indication exists, the recoverable amount of the assei is estimated in order to deiern)ine the extent of the impairnient loss (if any). Going concern At the time of approving the financial statements. the Trustees have a reasonable expectation that the charity has adequate resources to coniinue io adopt the troino concern basis of accounting in preparing the financial statements. Functional eurreney The functional currency used by the Charity is £ sterling. Employee benefjts The cost of any unused holiday entitlement is reco.trnised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense ivhen ihe charity is deinon5trably committed to tenninate the employment of an employee or to provide ierniination benefits. DONATIONS AND LEGACIES 2025 2024 Donations 29,215 2,777 Page 9 continued...
Home-start South West Kent Notes to the Financial Statements - Continued for the Year Ended 31 Imarch 2025 OTHER TRADING ACTIVITIES 2025 ?024 Fundraising events 475 449 INVESTMENT INCOME 2025 2024 Deposit a¢¢ount interest 2,089 ,659 CHARITABLE ACTIVITIES COSTS Fundraising costs incurred in the year aTnounted to £10,422 (2024 = £11,582). Other costs incurred in the year amounted io £143,28J and all related to charitable activities (2024 £140,531). NET INCOME/(EXPENDITURE) Net incomel{expendirure) is stated after chargingl(crediting): 2025 2024 Depreciation - oled assets Hire of equipment 1,031 331 1,064 442 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and salaries Social security c05tS Other pension costs 104,926 2,560 1.120 102,475 2,153 1,051 108,606 105,679 The average monthly number of employees during the year was as follows: 2025 2024 Administration and marketing No employee5 received emoluments in excess of £60.000. Page 10 ontinued...
Home-start South West Kent Notes to the Financial Statements - continued for the Ye2r Ended 31 March 2025 COMPARATIVES FOR THE STATENIENT OF FINANCIAL ACTIVITIES- VERSUS 2024 Unrestricted Restricied fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 2,777 2,777 Charitable activities Grants receivable 60.700 91,450 152,150 Other trading activities Investment income 449 1,659 449 1,659 Total 65.585 91,450 157,035 EXPENDITURE ON Raisin(F funds 11.582 11,582 Charitable activities Charitable Activities 49,831 90,700 140,531 Total 61,413 90,700 152,113 NET INCOME 4,172 750 4,922 RECONCILIATION OF FUNDS Total funds brought forward 124,731 1,647 126,378 TOTAL FUNDS CARRIED FORWARD 128,903 2,397 131,300 Pagell ontinued...
Home-start South West Kenl Notes to the Financial StaterneDts - continued for the Year Ended JI March 2025 io. TANGIBLE FIXED ASSETS Improvements to property Fixtures and fittings Totals COST At l April 2024 Additions 3,673 9,226 985 12,899 985 At 31 March 2025 3,673 10.211 13,884 DEPRECIATION At l April 2024 Charge for year 3,452 221 7,728 810 11,180 ,031 At 31 March 2025 3,673 8,538 12,211 NET BOOK VALUE At 31 March 2025 1,673 1,673 At 31 March 2024 221 1,498 R,719 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments 4,126 2,977 12. CASH AT BANK AND IN HAND 2025 Total funds 2024 Total funds General fund Restricted fund Cash in hand Bank current & deposit accounls 500 161.650 500 163.i60 500 134,515 ,710 Total 162,150 1.710 163,860 135,015 Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investinents with original rnaturities of three months or less, and over bank overdrdfts. Bank overdrafts are shown within borrowinos in curreni liabilities. Page 12 Continued...
Home-start South West Kent Notes to the Financial Statements - Continued for the Year Ended 31 Imarch 2025 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Social security and other taxes Accounts payable Accrued expenses 1,591 202 1,198 1,841 2,670 3,900 2,991 8,411 14. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 128,903 36,055 164,958 Restricted funds Restricted fund 2,397 (687) 1,710 TOTAL FUNDS 131,300 35.368 166,668 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 102,659 (66,604) 36,055 Restricted funds Resiricled fund 86.414 (87,101) (687) TOTAL FUNDS 189,073 (15J,705) Page 13 continued...
Home-start South West Kent Notes to the Finanrial Statement5 continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- continued Comparatives for tnovemenl in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General nd 124,731 4,172 128,903 Restricted funds Restricted fund 1,647 750 2,397 TOTAL FUNDS 126.378 4,922 131,300 Comparative net movemeni in funds, included in the above are as follow5= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 65,585 (61.413) 4,172 Restricted funds Restricted fund 91,450 (90,700) 750 TOTAL FUNDS 157,035 (152,113) 4,922 A cuent year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 124.731 40,227 164,958 Restricted funds Restricted fund ,647 63 1,710 TOTAL FUNDS 126.378 40.290 166,668 Page 14 ontinued...
Home-start South West Kent Notes to the Financial Statements - continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- continued 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 168,244 {128,017) 40,227 Restricted fund5 Restricted fund 177.864 (177,801) 63 TOTAL FUNDS J46,108 {305,818) 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page 15
Home-start South Wesi Kent Detailed Statement of Financial Activities for the Year Ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donation5 and legacie5 Donations 29,215 2,777 Other trading activities Fundraising events 475 449 Investment income Deposit account interest 2,089 1,659 Charitable activities Grants receivable 155,718 152,150 Other income Charity awards received 1,576 Total incoming resources 189,073 157.035 EXPENDITURE Raising donation5 and legacies Fundraising costs 10,422 11.582 Charitable activitie5 104,926 2,560 1,120 331 10,157 1,918 6,656 66 204 ,532 2,472 437 ,824 1,282 232 102,475 2,153 1,051 442 10,862 1,601 5,483 137 2,710 1,424 1,502 422 2,187 257 42 770 5,372 137 Employer's national insurance Pensions Hire of equipment Rent, rates & utilities Telephone & communication5 Accounting Meeiing expenses Hom¢-Siart fees & subscriptions Insurance Computer & IT costs Printino POStatse & stationery Slaff travel and subsistence General administrative expense Health & safety Fainily support costs Volunteer expenses Staff training & welfare Depreciation - property Carried forward 3.824 980 221 142.027 139.269 This page does not fom) part of the statuiory financial statements Page 16
Home-start South West Kent Detailed Statemenl of Financial Aetii'ities for the Year Ended 31 March 2025 2025 2024 Charitable activities Brought fonvard Depreciation - equipment Bank charges 142,027 810 446 139,269 822 440 143,283 140,531 Total resources expended 153,705 152,113 Net income 35,368 4,922 This page does not forn] part of the statutory financial statements Page 17