REGISTERED COMI'ANY NUMBCI R: 05183873 (Englanil iinij Wttle5) REGISTERED CHARITY NUIVIBER: 1105385 EPORT OF THE TRugfEES AND FINANCIAL STATEMENTS roR TIIE YEAR ENDED31 MAR . 24 FOR HOME-STARI. ROYSTON AND SOUTH CAMBRIDGLSHIRE
HOME-STAR'f RoYsfoN AND SOUTII CAMBRIDCF.SHIRE CONTEI NTS OV THE FINANCIAL STATF.MENTS r4OR THE YEIAR CNDL¢D JI MARCH 2024 P*2e Report of the Truste I to 6 ID(ItpeJideDt Eyamintr's Repowt Statcmtnt of Fin#ncial Aetivities Statement of Finhnciol P05itiDn Note$ to tkne FiA4D¢iHI StAlemenls
IIOlklE-5TART ROYSTOIN AND S()iJ"rii CAMBRIDGESHIRE EGISTERED NUMBER.. OSI83B73 REPORT OF THE TRUSTEES FOR THk YEAR ENDED 31 MARCH 2024 I'he ti'u4tces. ii,ho att iilso dii'ecfoi's of tlic charitable company for the ptJq)oses of ility Compai)ie% ALI 2006. prc5Lnt ilieii. report with Ilic fiiiancial slal¢n)enis ol- the cl)arilable conipaiiy lot- Ihc year eiidLd 31 Mairh ?024. 1'h¥ tru51ees haiie udopted tlie provi5iDns ol ALcoiinting and R¥poi1ing bi, Ch4rilics= Siuicment of Re¢omin¢ndLd Pi'actice iipplicable Li) ¢liai'ilies prcparii)g ihLir accoiinis li) dLcordance iviih ihe financial Reporting Standard applicable iii Ilie UK and RLpublic ol. Ii'el?I nd 11.'RS 1021 Ieffccll'e l .171 nuaiy 20191. OBJEC'TIVES AND AI:TIVITIES Cliayitable Objects 'l-he objeLts ()t-Ihe charitable company are: %i) lo satcguard, pi'olecl and pi'es¢rv¢ the good healil). boil) menlal athl i)liysical ofcliildi'in and Piirei)ts ot'Lhildren; b) lo prcveiil ci'uelty lo oi iiialircalmcnl ofcliildr¢ii- cl Ii) relicve sickness, povcrty and iieed amongst childrcn and purcnt5 of childrcn- d) to i)roiii()te tlie cducllliimi i)f Ihe public in hetter.4tandards nf child carc H'itl?in tlie arca nfRoystnn aiid 81)utli C.anil)I'idge$liii'e and ils environs. The Iibjc¢ls ot the Lharildbl¢ comp¢llly ¢ire achieved by Ihe reLruiimen( and Iiainii)g uf volunteers who ih¢ii regiilarly visit t"aniilies wlio re r¢lerr¢d 10 the charitable company. They otter suppon. Iriendship and praciical help (() families wiil)in il)eir own homes, which is free. noii-jiidgemenrAI. compyssionaie and confidential. The volunteers are suppoited IhYou8houl their lime wilh each family by onc or Inore Co-ordinators H,ho air employees of the ¢h#i'iiable coinpany. Th¢ Coordinator8 and volunle¢rs tOEeihei' also rnn Familv Groups. which are ii'cekly play ind siippoII s¢S5ion.4 held in Royslon, BLinlinglord ond South CaffllM'idgLshire. A range ofactivilics are pri)i'ided lor lh¢ cl)ildreii, Ivl)ilsl pai'enis can sliurc eip¢i'iences and begin lu build up their ¢onfiden¢¢. Aiinuul outings and parties are orgdni¥cd for Ihe Lhildirn and Iheii. pui'eiils ii'l)ei'e Lircumsiances alloiv, The chai'itable company emploj's a %cliem¢ Manager. Senior Co-ordinulor. Co-ordiiiaiois. Adniini8irulor, Fundi'ui5ing Ei,'¢nls Support Munagcr aiid a MarkelinE & Fundiai%ing Co-ordinutor. il also ihc scrvices i)l- a Ircclance bookke#pcr J)t)d ¢J fi'celance bid writer. All sialTMre part-time. Public beneflt Wlien plarsniiig our (ILlivilics for the year, Ihe Irusiee8 have considered Ihe Charity Cnmmissioijs guidance on public bencfit. Page I
HolE-sTART ROYSTON AND SOtrrH
CATrIBRIDC.ESHIRF.
REGISTERED NIIMBFR.. 11.518387J
REPORT OF THE TRUSTEES
tOR THE YEAR ENDED 31 MARCH 2024
OIIJECTIVES AND ACTIVITIEI S
'I'h¥ iiiLIiiiiL (ind propei'lv ol- Ihe chsriiable ¢onipan!' Inusl be applied solelv Ioii'dtxl% lh¢ i)iomotion of its objecis ds %el ()iil in
the Mein(Il'ciiiLliiM of Associ¢ilion. 'fhe coinpany may nor engage in tclxable 112ding actiVLtiL5.
A tl'LlStee inay not r
HOME-START ROY.STON AND SOIITII CAMBRIDC.ESHIRE REGESTERED NIINIBER.. 05183873 REPORT or'i'HE TRUSTEES FOR THE IE.4R ETrDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Tj'ustees Report 2023124 has beeii anuihei. busy )¢ar tor Hne-SlarI Ro)'.ston. Buniiiigftord aiid South Cainbridg¥shii'e IHSRBSC}. This i¥ttS our 41Jih AmiiveiNuiy year Klnil ive held various ei'ents ihroughoui ihe year to celebrate this miles¢(Ine. Ovei. the year lye hud Lunlact lviih 109 families and supported 102 of those. up from 93 families 8UPPOrted in Ihe pi'eirioLIS yeiii-. Healiii visito al'e ihe Iiiain source ofreletTals1380/0) iiito our seNiLe. and have seen an I 1% ii)ci'eose referrals li'i)In schools ui)d pi'cschool.%, w'iih relen'als lip 200/0 1)Ycrall. Wc conliiiuc io sLe a high nutmbcr (63 /.) ()t tainilie.s Iliat u'()rk ii'itli haviiig coniplex. n¢eds. and Ihis Iiicans IDor¢ limc and work ii)iinlvcd in 5UPPOI'tiiig und oiiboardiiig ihe%e laiiiilics lui- i)ur Srafl. Teuin to pi'owide flimily group .4iippon and home visits. Our Ilire¢ famil) groLlPS 11) Roystoii, fJui)lin¥li)rd and Soutli c4imbridgesiiii.e all ilwiving and well £illendLd. b undrgislng Honie-start coiilinues lo be well supporte(I by local Lommunity and we haije held maiiv su¢c&ssful, Ivell attcnded events Ihis yedr. The ielim Lonlinues lo work on imprvi'ing our prulilc b>. inci'casin¥ uur n¢lwork and ivvil'iiig hard lo inciyase oiii. presence on wcial illedid dl)d mark¢iing¥ OLif UPLoniing evei115. 1.ireTary L.un¢hes urL well suppoi'led dnd coiilinuc lo groi4' in pupulai'ily, Ive attended our first Melbourn fcle in Suinmcr 2023. and ive rcc¢nily inln)duced l.loney. our neiv Hoine-siai'l rnascot, loo. We n¢ed to conilrtue i(? groiv and enhance our fund raising lo keep pace ivith thc rising c4)5ts and the groivinB nuinbei's of lamiliLs needing ()ur support. Wc can onl) 8ec the need for our help rising as ofher services sli'uggle lo copi? Iviih Luts and the cosi of living rises. We are liiiding ihal Ihere is more iiiid more corn11110n for less money from the vai'ious Trusts and Foundalions: as Li'erv charily fktces similar Lhallenges in bidding lor money. We ai'¢ Lonslanily revieiving the M'a), we fiJn(I raise and willi our neivesl Irusiees ive are work'ing hard 10 updale our fiJndiaisinE slraleg)i and maximise tlie incon)e w¢ Eel from ()ur nll our ineom¢ SOUe9. Volunleei's Throughout Ihe yeJi', 69 tan)ily support i'olunl¢¢rs m¢1 with our loinilics in their home$, al our Fainily Supi)ort Groups, and al thc pai'k a5 well as helping lo nrronge end of t¢rm partlC5, summer feies and oulings. By thc end of the year, volunteetb donated n)oi'e than 41JJO lolal huurs of Iheiy own free lime. enabling 14SRBSC to help so Iiiany fan)ilies who need¢d oui. 8UPPUrt throughout th¢ year. We Ii'ained 211 fflore taillY .$upport i'iylunte¢rs in the year. Every one i)f our hoiiie viyiling vnlunle¢r5 are ivell ti*iiie(l und havc pai'cnliiig expel'ience tlieiiiselves ivliicli preparcs Iliein to proiTidc support lo fainili¢5 going thi'OL]gh diifiLuII ) challenging times. This wppoi'l is lailored lo each family's specific necds und tak¢s placc in lamilics own home5 for 213 houi's per iveek I"uuussing vn ivhal i¥ importanl lo th¢m for u puiod ufup lo 9 Imonths. Key Acblevements Celebrating 40 yea13 of %UPPOning local f8milieg through difficuli timcs Kceping pace iiiith a high leirel ofreferrals for families in need of our help RcnL wed focus on fund raising income from Community and Events, &8 iY¢II as building strong local presen¢¢ in i)ur conimunily and iviih local business&s Suco¢¥sful fundraising through Trusts and Foundations Ihat providc a strong financial basis for the charity to Loi)tinu¢ its imi)oilant work - S'upport fiDm the Counuillor Fume5s (Bunlingford) and CouThcillor Adams, M,IK> also served as thc Ma)'or of Rovston las't yeai.. as iv¢ll as our sli'on¥ commilled board of 'l-ruslee3 Our dedicated team ofstaff using their skills to best meet thc needs of the charit). Page 3
HOME-START ROYSTON AND.SOIITH CAMBRIDGESHIRE REGISTERED NUMBlgR: 051113873 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ClIAllenges foi. tlie Thitiil'e F.nsurintr sulTILienl Ltiienue to cover Ihe core business-as-usual running costs ofthe Ll)4iriiv Re¢i'iiilinL'iii and I'vtenlion of vi)luntLers Buildiiig up a Sii'onger neiivork ot. loeal business stspport and ideniifying and ivorkirtg wilh business parlnei's 01) Jn ongoing niuliiiqllv beneficiol basis InLlfaS11)g unresiricled inconie Iroin fundrk)i8ing aclivilies. and conlinuing lo shift aiyay Ironi resiriLliiie lun(ling fi'om TI'usi% and koundaliot)s and oiher slatuloj), sources 'rhe'fi'ustees, Sl&lYTenm and Familv Support VoluAleers lire all working hord logeiher lo ensure Ihe charity continues io be able lo meet Illc nicd.4 Ot-thL l¢)cal fainili¢.s iii the tonlicoining ycar. IINANCIAL REVIEW The financial accounts arc s¢1 out Dn pagcs 8 10 19. Thc finaiicial stalcment5 hav¢ ¢n prcparcd in compli8n¢e M'illi th CharitlC5 SORP {FR,S 102) iviih thc Companics Act 2006. Dui'ing the year ti) the eiid ill- MJiLlI 2024, a.% reflecled in tlie'l rn¥tees' Report. we haiie reLeived ge1)er0¥ 8ui)pi)rt frnin the IoLdl auiliorilies, trusis. ¢orp()I'ale donors and individuals which has ensured Ihal ive could conlinue lo eillploy and train 1}. and volunle¢is to support local fainilies in need. Our tolal income iva.s sliglitly liigl)ei' than 2023 as we I'etui'n to fiindraising ¥vent5 and Ir> tu kLLP PIIL¥ lyith IhL ri¥ing LQS13 of ninnin¥ ihL Lhurity and viding thL' incrL'aSL.d ILVLIY of siippuit to IoLlll lamilies. ThL 51#tcment of l+i118ncial Aciii'ities $hows a net deficii for Ihe year of £23,845 {2023 a delicit of £5,357). '1"l)e toial frec rc5crvcs ill thL )'eai'.end siand at L21.83412023 L72,958)i lifter alloiving for Designalcd and Ilcs¢ricled fund%, this leavc8 US M'illi about Nvo nionth5 Ot op¢r41ing ¢os15 nol designa(ed or commiiied ¢lsewheiE. in line wilh Ihe Board approv¢d budget lor 23124 <ind rneels expectations. Reserve$ Poli¢y Th¢ Trusl¢¢s aro wli.8fie¢J thdt the a%5els and r¢scrv¢s of th¢ charity ar¢ S]c1Cnl for it lo meels its obligutions for the ror¢secubl¥ fulure. 'I'h¢'l ruslees have th minimum closure coniingency fund w)licy of six munihs opei'atin¥ custs which urv held on deposit. 'I'hi5 rcyerve noii. sland.8 at £136.774 al 31 Mai'ch {2023 LI 3U,U931 and 15 pail ofthe total cash bnlunces on thc Bulancc ShLLI on 9 lind 10. -Ihc I rustCC5 Ivish io maintain rcNsonablc uccc55 lo Ehc Rcscivc funds but havc part of th¢ cash bulunLes on longer lenn d¢po.%il in ordcr lo lak¢ uJvuiilug¢ of higher inlLr¢%t rnles ofl¢r¢d. PLANS FOR FI IITURK YEARS Th¢ Truslecs plan lo continue t(1 maintain th¢ high level of 5¢rvi¢c ihat w¢ provid¢ in our area that our funding allows. To enablc appropriule plai)ning dnd d¢vclntTrmcnt of th¢.h¢e. Ihc Truslccs cnnlinuc to rcvicw thc %clicmc'.s Dcvelnpmcnt Plan ils a i¥orking document for regular Board discussion. STRUCTURE, GOVERNANCE AND MANAGEMEI¥T Guveroillg ducumefjt The orgunisuiiun is # ch(Iriliibl¢ comnY limited by guarantee as defined by the Companies Act 2006, incorporatcd on 8 F¢bruiry 2005 and TcgistLrcd as a charity on 21 February 2005. Thc company w'as established under a Meniorandum of Associdtion iyhich esblished the objectives and poivers of the cliaritable company and i.s governed under ils Articles ot Associalivn. In th¢ evenl ot the charity being Iv(1 up, the liability in r¢spe¢t of Ihe guarante¢ is limited io £1 pei. Member ol. Ihe cliarity. As a regislei'ed ¢hurity, th¢ charity 15 not currently liable lo Corporalion tax on it5 investment incom¢. nor on other income dci'ivLd fmm carrying oul (he educaiional aLtivity of thc charity and applied for that purpose. Pag¢ 4
HONIE-START ROI'STON ,IND SOIITH CANIBRIDGESHIRF. RECISTCRED NTI.:I¥IBFR: 115183873 Rf.PORT OFTHE TRUSTEES FOR THE YE.4R ENDED 31 MJIRCH 2024 STRUC'I"URE, GOVERNANCE AND MANAGEMENT G(Jvernanee Tlie Tnistee Board l)as illet in persoik tl)rouglioul ihe year and includiTkg the AGM. This was well atteiided and lookii)g forward. the Triislees anlicipaie adopling a more liybrid approacli of EK)tli face io fLice at)d video atteiidance, as iiccessary. I'lie Iriistees fecl tliis could ii)creasc coihinuiiity acccss and i)artlClPalioii. The neiv tnistce appoiiited in the Crnt year has broadened the Board'5 knoivledge and skills. Recruitment And Appointinent of new truslees Tlie coinpaiiy is nianaged by a Coinniitiee of Trustees. Ivliicli is elected ai)i)Lially by the members at Ilie Ani)Lial General Meeting. The c.oiiiinitie¢ iiicludes IIIL directors of ihe coiiipany. l-lie C.oiniiiil(ee has Il)e pnwer to fill any vacancie.8 dui'iiig the yeai., any su¢l) appointii)enls beinLi rntified by the Membe ai the nexl Anniidl Gcnei'al Meetiii¥. Iiiductioii and trAining of new trustees Neiy Iriislees are iiidiiLled ii) the cli4irity's pro¢edures and undertake traiiiing into Ilieir duiies and rcsponsibiliti¢s as trusle¢s and Il)e objectives and work of Home-siart. Risk The principal ri5k5 faciiig the charity are.. that we will be unable lo raise sufficient fiinding to be able lo delivei. our serviccs lo the coiiiinuiiities of Royslon, Bunlii)gford and Souih C8mbri(Igeshire' that we could lose k¢y members of slttrr; Ihal we woiild be iinable lo find and relain adequaie premises in order to operalc. that we could b¢ subject lo fi'aud or deception lo tli¢ exlent Iliat we are uilable 10 Conliniie to operate. Tlie fundraising team have focused on establishirtg more consislent and stable funding alihoii&li this conliniied to PlDve clialleiib?ing. Staff arc I'egiilarly r¢viewcd on a onc to one basis and any feedback is discussed and acted iipon; Ivc are iii r¢gular conthcl with our Iftndlord to Secu oui. t¢i)ancy' All slalT and iruste¢s are Inade aware of the Iiecessily to be olerl to aiiy attempt to daiiiage Ihe charity and Trustees art always available to dis¢LlSS any issue that ii)ay arise. REFERFNC.E AND ADMINISTRATIVE DETAILS Rtgi.4(f.rcd ConipHiiy numbei- 05183873 (Lngland and Wales) Registered Charily number 1105385 Registered office Unit 6, Valley Fann Stalion Road Meldreih Roysfoii Hertfordshire SG8 6JP Trustees A Gear (appointed 17.10.23) P Flodgson J Mitchinson (Cliair) A Smiih Dr G Walk-ins Axia V Key ivas co-opted during the year and will fonnally join the Trustee Board at the fortlicoming AGM. Page 5
HOME-STARI" ROI'STof4 AND SOIII'JI CAMBRIDGF,SHIRE F.C.I.STERED NU]BER. 115183873 REP()RT OF THE TRUSI'EES FOR THE YEAR ENDED JI MARCH 2024 RF.Ffi.Rfi NC.E AND ADMINISTRATIVE DETAILS Compxiiy Secretary S. Mascall Independent fi.Yaiiiinei' Biiidsli&iv Joliiisoii CharleKed Acc041nlaiils CIoft Cliainbcrs I l Baii¢i'oft Hilcl)in Hertfoi'd5hire SGS IJQ Approved by order of Ilie Board of Trustees on 26 Seplember 2024 and signed on it5 bcli¥lf by: J Milcl)inson Tru.sl¢e Page 6
INDEPEIYDENT EXAMINF.R'S REPORT'I'O TIIE'I'RU.STEES or HOVI IE-START ROI'STON AND SOIITH CAMBRIDGLSHIRE llldepeJideDt exdminey's Yeport to the trustee5 of Hole-StArt Roy$ton Alld Soutb Cambridgeshire {'the Conii)aiiy') I rcpori to the charily Iiwsiee.s on Iiiy exai)iiiiaiioi) ol. the accoun15 Ot'tlie Compan), for ihe )l¢dl' elided 31 Mai'LlI 21124. Responsibilities basis of veport A% the cliariry s IrLIsiees ofthe Loiiipan!, Idnd also ils dircorS for the purposes orCpanV l£lW) )'ou are rcsponsilile foi. the i)r¥'PI( ralinn of the acL<TrLirits in aCLordance iviih Ihe requircmenlq of the Companies Act 20061'ihL 2006 Aei'}. Having satisFieil my5ell- tl)ul Ihe ftCL()Iint8 ot ihe L4inipim v are nol required be audited under l)sLrt 16 ot'thL 2006 Act und dll cligibl¢ foi. indepeiidcnl exJiniiiulion. l Tci)nrt in resp¥cl ot'll)y ¢kaniiiiation ot youi. chai'ityp's IlLcounts as carried vul under eLlion 145 of Ihc Chariti¢s Aci 2U I I I'ihe 201 l Acl'l. In carr)'ing ()ui my cxamii)aliun I have fulloH'ed tliL' DirL'clions giv¢n by Ilie Lhai'ily con11ls$10n und¢r 8¢ction 14515) (b) ol-thc 2U I l Acl. Indtpendejit exAiniiier's stttment I have coinpleled ni), cxan)iiiation. I ci)nlirm that i)0 mullers have come lo my atlenlion iii Loiuiectii)ii w'ith ili¢ exaillii)dti()n giving tne cause to believe.. accounting I'¢coNls w'ei'e nol k¢pl in respeLt uf ihe Companv as required by ,Seclion 386 ot'the 21KI6 Act.. or Ihc acctsuni¥ do nol ¢kLcord witli th0 recordy: or tho account¥ do noÉ Li)mply iipith the accounting re4uiremenls of Secliiin 396 ul. the 2006 Act oil)LY (han 411y requii'eineiii that the aLLounls give a ti'ue and Idir vieiv ivhieh 1% not a Illail¢r coi)sidered as Pdl'l ol. ali independent exam inaiion. (Ir thc accounts have no¢ bL"en prepaJ'e(l in accordance with lh¢ methods and pi'inLiples ol'ihL' %iaien)¢nt of R¥Lummei)ded Practice foi. aLLounling and I'Lporting by chariiies (applicable io chari(ies prepai'ing iheii. a¢counts in accordance iviih th¢ financial Repoi'ting Standard applicable in tl UK and Republic of Ir¢liliid (FRS 102)). I liave no concerns and have comc no oiher maltL'ts in connection wilh the e.xaminalion to ivhich ¥llenlion sliould l?e drnivn in Ihis I'epon ii) ol'der lo enable a proper understanding ol'ihe accounis lo bc l'eached. Neil HJrding PCA Brddshaw Jolinson Chai'tered Accuunlaiit5 Ciuft Chumbers I l Bancroft Flitchin Hei'lfordshire SG5 IJQ "30-q- I(4 Page 7
HOME-START ROYSTON AND SOIITH C.AmBRIDfFIllRF. s'rATEMENTOF FINANCIAL ACTIVITIES INCORPORAI'ING AN INCOl*lE Ah'D EXPENDITIIRE ACCOUNT FOR THE YKAR ENDED JI IklARCH 2024 31.1.24 Total rlinds 31.3.23 Total lunds ljnresiricled riind R¢sti'iLied fuiid Notes INCUME AND ENDOWMCI NTS FROM Doi)alions ¢1nd legacies 36,850 i3,576 90.426 91.645 Cliai'itablo Activities .Ivmc-Slari Roy51011, 13unlingford lind S(ILiih Cuinhri(Igesliire 18.140 18.140 l).1174 Oih¢i' 11.11 ding hclivilies Inve.sln)enl inciJi)ie 43.401 784 43,401 784 46,511 432 Totfftl 81,035 152.751 148462 EXPF.NDITIIRE ON Rilising funds 13,080 13,080 12,947 CIIA YitAble Actlvltles Hoine-sidrt Royston. Buntingford llnd South Cambridgeshire 112398 51.11¥ 163,516 140.872 TotAI 125 47% 176..596 151.819 NEIT INCOMEI(IIXPENDITURE) (44.443) 20,598 {23.845) {5,357) RECONCILIATION OF FUNDS Tolgl funds brought lorm'ard 203.051 11.550 211,601 216,958 TOTAL FUNDS CARRIED FORWARD 158,608 187,756 211.601 The noles forni part ofthe.4e financial stat¢meiits Page 8
HOPtrlE-S'I"AR'I' ROYSTON AND SOUTH cAMBRIDGH1RE REGISTERED NUMBER: 05183873 STATEMENI, OF FINANCIAL POSITION 31 MARCH 2024 31.3.24 Tolul tuiids 31.3.23 l-olal Unfcsli'icled runds Resli'icied fuiids Wuies FIXED ASSLITS '] Ilngible asscls 13 957 CURRENT ASSETS r)cbiiir.s Lash al blink i111d in hiYi(I 14 8,118 16(1.666 8,118 189,814 11,336 204,612 29.148 168.784 29,14¥ 197.932 215.948 CREDITORS Amounis lulling due iviihin on¢ year 15 110.176) (10.176) 15,304} NE'f CURRENT ASSETS 29,14% 187.756 21064 TOTAL ASSETS LESS CURRENT LIABILJTIF.S 15R.N)11 29.14R 187,756 211.(1OI NET ASSETS 158,60¥ 187.756 211,601 FIINDS Ilnr¢siriLled funds.. CJ¢n¥ral luiid De%ignal¢(J funds 16 21.1134 136,774 72.958 130093 203 051 R¢blrictcd lunds.. Family Gioups lund Flomc Visiling tund 11,677 2,550 6.000 29.148 TOTAL bUNDS 1 ¥7,756 211.()01 Tlic charitable ¢ompany is eThtitled to Lxemplion fn)m audil undcr Section 477 of the Companies Act 2IYJ6 for il)e year ei)d¥d 31 Mai'ch 2024. The membei's hove not i'equired the company io obtain an audit of its financial slaiements for the year ended 31 M8rch 2024 in accoi'dance with Section 476 of the Companics Act 2LKJ6. The notes fom part ofthese financial stalemcnts Page 9 Loniinued...
HnME-START ROYSTON AND SOUTH CAMBRIDGESHIRF. RECISI'ERED NllfvtBER: 051113873 STATEMENT OF FINANCIAL POSITION- ¢oThllnued 31 fvIARC.H 2024 The Tru51ees acknowledgc Iheir ipOnSIbl11t1¢S for la) Lnsiiring Ihat rhe Lharitable ¢on)pan)' keeps accounting rccord5 I comply iviih 'LtIVn.Y 386 and 387 of the C.'oii)pillies Act 20a6 and prepai'ing linaniial stlc tenienis which gi&'e a Ii'ue and faÉr view of ihL State of atluirs of (he chai'itilble Lonipan)i as ai Il)L cnd of each tindl)¢ial )'ear and of ils surplus or defiLit for each tinancial ycai. in accordai)L¢ l¥itli ihe requii'en)enls lif Scctioiis 394 and 395 and ivhich uihLrwise compl), ii'ith ihe I'e4uiremen15 of the Conipanius Act 2006 relaling lo rinancial slal¢incnrs. si) lar ds applicable In il)c charitabl¢ coinpaiiy. Ib) These fii)ai)eial staltinenls l)41ve becn prcpllred iii aLcordunce iviih ihe IN'I)iij.sions applicable lo charitable LOlI)panies Subject lo th¢ small ¢ompuniL5 1'egim¢. I"hc financial staleiiiLnls wcre appiM)vcd bv Ihc Board i)i'"fruslccs and auihuriscd tor issue i)n 26 Scpiembei. 2024 and weK' signed vii ils bchalt-by.. A Ge¢ll' . The no*s form part olthese financial stotements Page 10
HOl-ST.R.l" ROI'STON AND SOUTH CAfvIBRIDGESHIRE NOTES TO THI FINANCIAI.STATCMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF COMPLIANCE Hnme-%iart Ro)1[) & South Can)bridgeshire is a chariiablc compan). incorporal¢d in Englan(l. Tl)e regisÉeiL'd otfice is: Unit 6. Vall¥y fami Slalioii Iload Meldretli l.Icrttoi'd%hii SQIX 6JP The churilable coll)pdnv'5 finoncial 31atcnients have beeii prtparcd in cnnipliance with th¢ C.harilies SORP (FRS 102) il applies lo the financial 8lalcm¢nls for Ili¢ ycur elided .1 l March 2024. AC.COUNTING POLICIES BASIS of preparillg tbe fiiiAnclal slatements l-he financial slatemenis (jr Ili¢ cliai'ilabl¢ company. Ivhich is o public benefit eniilv under Tr'R% 102, have bcen prepai'cd in accordanc¢ with ihe Charities SORP (FRS 1021 'AcLounling and Rcporting by Charilies: Slaieinenl i)f Recumrnend¢d Pi'aclice applicable io charilies preparing thcir accoiints in acloi'dance iviih the Finan¢iul Repoi'ling Standard Ébpplicable iii ihe UK and Rcpublic of Ir¢land {FRS 1021 l¢ffrciive l January 20191,, fiiiancidl Rcportin St£indai'd 102 'The Finiincial Reporting Siandarij dpplicable in ihe UK lind Republi¢ of Ireland, lind ihe Cornpanie% Act 2006. 1.he financial Sidl¢menls liave becn prepared under the hisloriLal cost comvention. Home-siart Roy.8ton and South Cambridgeshire meeis the definiiion ofo public entity uiider FRS 102. The finaiicial stateittenls are presented in SrlIng {£). Incoille All inLiiin¢ is included in ihe Siulcmcnl ol-Financial Aclivilics M'hen thc charilahlc compan). is ciitiiled lu Ihc incoinc and Il)e umounl can b¢ quantified M'iih r¢asonabl¢ accuracy. 'fhe folli)iYing specific policies dr¢ upplied to pthicular ategoric$ (if income.. Voluntary iiicome is receii'ed by ivay ol. grants, dnnaiions dnd gifts and 13 included in full in Ihe Sialemenl nl. Financial Activities ivhci) I'cceivable. Ilnconditioiial (irants are rc¢ogniscd in full in ihe Statemcnl of Financial Activities in the year iii whicl) they are receivable. Conditional Gi?111.% arc CognIsed in ihe Stalemeiit nf fin]GI1 Aclivilic5 as ihe conditions are Inel. Donalcd serviLeS ¥nd facililies are included ai ihe value lo fhe ch4ritable coinpiiny ,he1'C ihis can k quanlitied. The V8lu¢ of services provided by volunteers has not been in¢luded in Lh¢se accounts. Inv¢stmeni incvm¢ is included when receivable. Expenditure Expenditure 15 recogi)ised on accrual basis as a liabilil!, is incuri'ed. EXndit includes attributable VAT ii,hi¢h annot be ieLovcred, and 1$ reported as part of the expcndilure to which il r¥'lales: Costs of raising funds comprise the costs associaied wilh allracling iwolunlary income through lundraising. Lxpendtture on ¢haritable &clivi¢ies compriscs those costs incurred by the chariiable compan)r in the delivery ol. ils activilics and s¢ryiCCS tor its beneliciaries. It includes both c0515 ihat Can bc allocated dtrecily to such oclii'ilies tu]d tliose costs oran indircct llilturc necessary to support tl)¢m. Pagell continued...
HOfvIE-START ROYSTON AND SOUTH CANIBRIDC.ESHIRF NOTES TO'fHE FINANCIAL STATETr.IENTS - ¢onliuiied FOR THE YIAR ENDED 31 MARCH 2024 ACCOUN'TING POLIC.ICS- eoDtinued Taiigible fixeil assets DLI)IILl¢ilion 15 provided al the follo%vin¥ aiiiiual raies in ordLr to write ofl'each a&%ct nvei. its estimated iiK.ful lile. I,'ixlures. fillings and equipmLlIt 251J/• on cost I'AxThtion The ¢1$,11Y 1.1 excinpl froin corporation lax 011 ils chariiable aCiivilie%. Fll(l accoiintlng Unrcstricled lund.% are availablc for usc ai Ihe disLrclion of ihe Iruste¢s in the tiirther&nce ol-the gcncitsl objeLIivL8 (It'lhe Lhui'itv. Designated lund% iifc LinrE51riclcd funds earmarked b!. Ihc Boaid foi. Pdrticul8r purposes. Reslrictcd fund8 are 8ubjeLted tn restrictions iheir expenditure impi)sed by Ihc donor or Ilirnugh tlie Icrms Dfaii appekl. Pensivns The chai'itable cuiiipJny up¢rd1¥5 a dLfined eonlribuliun pension scheme. Contribiiiion5 paj'able (vr the vear chai'ged lo Ihe Staleni¢nt of fin11 ncial Acliviiies. L¢gHI slffttus of the thArltxble compgTIy In the eveni ol'tlic iliai'itable company being ii'ound lip, etsch Trusiee Ibcing a member of the charity) has uiidertaLen to coiiii'ibule io ihc assels of the charilable Lompantr such amounts as required not e.¥cttding £ l. This guaruntec L'xtcnds unlil one year aller a Truslec ceases to a memb¢r. The Iruslees control the ¢hariluble coii)pui)y. Dèbtort Trade and oiher debtors are recognised al Ihe seltlement amount du¢ aller an), trade discouni offered. CAsli At bAnk Aiid in hand Cash at bank und in hand includes cash und sh(Trrt Icrm highly liquid invcslmcnls with a shu]1 rniilurity ol'ihjre months or Icss Ironi ilie dale ()f qUisItion or opening ofthc dcposit or similar account. FlhAnclRI Instrwmeiils The eharilable Luinpany onl), has financial a%5eis and financial liabilili¢5 of a kind ihat ql1411ity as basic fil)n¢101 inslrumenls. Basil tinancial in.slrument5 are initi(illy rccognised al ti?n%aciion vnluc and sul)8equently nieasui'rd ar theii'.scttlemcnt value iyith the ¢xcepiioii (>f bank loans which are subsequenilv rrieasured al ainorlised cost using the etYe¥fivr illtcrcst ineihod. Page 12 conlinu¢d...
HOME-START ROYSI'ON AND SOUTH CAMBRIDGESHIRE NOTES TO THE FIYAYCIAL STATEI¥IENTS- £outiDued FOR THE YEAR ENDED 31 fvL4RCH 2024 DONATIONS AND LEGACIES Donali(Ins 61.ants 49,597 40,829 -10,97lJ 6U,666 90.426 91,645 O'I'HER TRADING ACTtvii'iEs 31.3.24 31.3.23 Fundraising Oihci. income 42,196 1,205 45,626 8115 43.401 46,511 INVEISTMENT INCOMK 31.3.24 31.3.23 Depnsit account intere81 784 4.32 RAISING FUNDS RA15ing donatlons and ItgAeles 31,3.24 31.3.23 rundraisimg Co5 13.OAO 12,947 C'HARITABLE AcTAvATI COSTS Support CV5ts Isce nole 8) Costs I'olals Homc-start R()y'ston. Bunlingford ond Soutli Cambridgesl)ire 123.172 40,344 163 516 Page 13 continued...
HOME-START ROYSTON AND SOUTH CA lBRIDGEsH1RE NOTES'fo THE FINANCIAL STATEhlENI'S- contintsed FOR THE YEAR ENDED 31 MARCH 2014 SUPPORI. COSTS Othei. Home_siii rt Roy5ton. BLllllillLyfi)rd wid Souih CainbYidgL%I)ii'e NET INC.OMCI(EXPENDITIIRE) Net inci)mcl(¢xp¢nditurel is alCd after chwEillLllcrediiingi: 31.3.24 31.3.23 D¢preLialii)n - oH'ned asset8 957 572 10. TRUSTEES, REMUNERATION AND BENEFITS 'rii¢rc ivere no Irusiees, remiineration or other benefits for the year ended 31 March 2024 nor [. thc year ended 31 March 2023. Trus¢ees' ¢xpen5e5 No members of the management committee reccived any r¢niun¢rution during (he year. No travel and sundry expenses iver¥ rcimbursed in lh¢ ycur or in the la yeur. No Irust¥¢ or oilici. person relllled 10 the chthrity Iiud any peonAl inieresl in any coi)Iract or Ii'gnsllclion ei)lercd inlo by ilie chkvilublc companv duriiig Ihc ycar. STAFF COSTS 31.3.24 31.3.23 Wages and salari&s Social seLurity co.4ts Oilier pensiun costs 114.1138 2,788 Ini,244 2.147 123.172 108,454 The ov¢rag¥ rnonihly number ofemploye&8 during lh¢ ycgr ivas as follow5: 31.3.24 31.3.23 Diirct charitobleiFamily group5 No empla)'ees reLeivcd emolumenLs in excess o1.£60.000. T])e charitable company niakcscontributionslo a dclined coiitribulion nsIOn scheine (The ficxible Rctircmeni Plai)) which hus becn rcgislered ivith'lthe ps1onS l i5(. Conlribulion5 are included in the aLcounls in the year of payincnl. Page 14 continued...
HOME-STAR"I' ROYSTO.Y AND SOUTH CAlI)RIDGESHIk£ NOTES TO THE FINANCIAL STATEfvIEYTS- coiitinued FOR THE YEAR ENDED 31 MARCH 2024 12. 2023 COMPARATIVES FOR THE STATEMENTof FINANCIAL ACTIVITIEI S Unte5lriciL.d fvnds Reslricted tumds Ti)tal INCOML AND ENDOII'MENTS FROM Dondlions and legacies 70,7116 20,859 91.645 C.baritAble Atlivities Hoine-start Royslon. Bui)iinglord md Soiiih C.'ambridgeshire 9.874 9,874 Other trading aclivilies Ini'esiii)¢nl ii)L()nie 46.511 432 46.511 432 Total 127,(103 20.859 14R.462 EXPENDITURE ON Iiui.5ing funds 12,lJ47 12.l)47 Cbarltable aetlvltle8 HomL-,Slai'l Royslon, Bunlingford and South Cambridgeshire 140.872 14n.872 TotAI li3,819 153,819 NET INCOMEI(EXPENDITURE) Transfer5 between fmllds (26.2161 20,859 23 691) {5,357) Net I0venIen1 iii funds (2,525) 12,832) (5.357) REC:UNC'.II.IATI()N OV FUNDS Total luiids brought for¥vard 205,576 11,382 216.9511 TOTAL FUNDS CARRIED FORWARD 203 051 8.550 211,601 Pagc 15 continued..
HOME-START ROYSTON AND SOUTH CAIMBRIDGF,SHIRE NOTES TO THF. fINANCIAL STATEA.IENTS- cotslillued FOR TIIE YEAR ENDED 31 MARCH 2024 I'ANGIBLE fixED ASSETS Fixture%. rillings nd equii)meiit Ai l April 2023 $1nd 31 March 2024 Dll PRII CIATION Al l Api'il 2023 (."harg¢ for y¢ar 17,246 957 Ai 31 March 2024 18.203 NET BOOK VALUE Al 31 Mai'Lh 2024 Ai 31 Mai'ch 2023 957 14. DF,BTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Oihti. debiurs prepayments 8,118 1.336 Is. CREDITORS.. AMOUNTS FALLING DVE WITHIN ONE YEAR 31.3.24 31.3.23 Other cirditor8 atKI accrual. 5.3n4 OVEMENT IN FUNDS Nei niovemcni in fvnds Transfe between tunds Ai 31.3.24 At 1.4.23 Ilnre8tricted fulld5 General luiid Designated funds 72.958 144.443) 16.681) 6.6111 21,834 136 774 203.051 (44.443) 158,008 Restrlcted fund5 Family Groups Fiind Hoine Visiiing fijnd 2,550 9.127 11,677 29.148 TOTAL FUNDS 23.845) 187.756 Page 16 continued...
HOME-START ROYSTON Ah'D SOUTH CAItrIIIRIDG&SHIRE NOTES TO THE FINAliCIAL STATEfvIENTS- (untinued FOR THE YEAR ENDED 31 MARCH 2024 Ici. MOVEMKNT IN FUNDS- eolltinued Nei ii)i)venienl iii funds, included in the above arc as folloivs: Iiwomii)g ICsour¢es Ilesnui'ces expLnded Moveihienl in funds Uiirf 5tri£tcd fuiiils Geiiei'iil lund 81.035 (125.478) (44,4411 RtsÉricted fiiiids ran)ily Groups (lind Home Visiliiig fund 30,887 41).829 (21,760) 29 3511) 9,127 11,471 71.716 20.598 TOTAL FUNDS 152751 176 596} 23 8451 Coihparatlves for movement thnds Nel movement in funds Translers between nds At 31.3.23 At 1.4.22 Unrestrletod funds Gene1 lund Designllted funds 86.094 119.482 (26.216) 13,080 72,958 130 U()3 205.576 (26,216) Reslrieted funds ramily Ginups lund Hum¥ Vi%iling fund 23,691 203,051 2.440 8.942 110 23,8011 2,550 6.000 20.859 11.382 20.859 23,691 8,550 TOTAL FUNDS 216.958 2116111 Pag¢17 continucd...
HOME-START ROYSTON AND SOIITH CAN.IBRIDGE8HIRF. NOTES TI) THE FINANCIAL STATEfvIENT.S- colltinued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continlled Con)Pdl'dtive nLI InovLnient in funds. included in the abovL arc as folloiys: Resources eNp¢nded Movemei)I in fLinds re$ourcLS Uni'estrieled funds Cieneral tuiid 127.603 1153.8191 (26,216) Reslrieted fuuds l-1fiinL VisiTinE hind 20.859 20,859 I'OTAL FUNDS 148.462 153.8191 5.-1571 f Gcncral r.utK15 General tund.4: 'fhi$ fund compriscs all iransactions nol relating lo the other funds. Designaled lunds: This fund cnmiiri5e5 the provision njade b) the Iwslecs for polenlial closure Costs. Pur OSL'S of Reslricled FLinds Family Groups. rhi% fund Lvmprises ot various groups whiLh inLludkns ¥ family group, panI w'oup Lrèches. Hi)me Visiting.. This flind comprises monies received for home vi51ting lo help wilh school adIn¢$5 ftnd to l)elp iviih n)ent&l hoalih diffi¢ulii¢s. 17. RELATED PARTY DISCLOSURES There ivere no related party Iransactions tor the year ende¢J 31 March 2024. 18, LEASING COMMITMLN'rs The charity has u rolling annual leuse tor its premises in Meldreih. 'fhc cost of Ihe rolling ani)ual lease 15 £1).O(MJ per annum. Pagc 18 ontinued...
HOML-START ROYSTON AND SOUI'H CAMBRIDGESHIRE NOTES TO THI FINANCIAL STATKMENTS- eontinucd FOR THE YEAR ENDED 31 MARCH 2024 PICNSION COMMITMENTS 19. The ¢onlribiilions pay8ble for the pei'iod were £5,546 {2023: £5,063). Ai ilie balanLC she¢l dale iliere werc n OLilstanding oi. prepaid contributioi)s. Page19