HOME-START SOUTH WILTSHIRE (A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR
TO
31 MARCH 2024
Charity Number: 1105978 Company Number: 5230455
HOME-START SOUTH WILTSHIRE (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR TO 31 MARCH 2024
| CONTENTS | Page | |
|---|---|---|
| Executive Council and professional advisers | 3 | |
| Trustees Annual Report | 4 | |
| 6 | ||
| Statement of Financial Activities | 7 | |
| Balance Sheet | 8 | |
| Notes to the Financial Statements | 10 -15 |
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HOME-START SOUTH WILTSHIRE (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR TO 31 MARCH 2024
REGISTERED OFFICE
BANKERS
ACCOUNTANTS
Suite 204, Warner House 123 Castle Street Salisbury Wilts SP1 3TB HSBC plc 19 Minster Street SALISBURY SP1 1TE Ian Sheekey Accountancy Ltd Chartered Accounts Suite 204, Warner House 123 Castle Street Salisbury Wilts SP1 3TB
EXECUTIVE COUNCIL
Deborah Cockrean Natasha Hadji Miranda Beebe Peter Curbishly Catherine Sample* (appointed 27/03/2024)
*Indicates those that are also directors of the company
MANAGEMENT TEAM
Becky Thompson Senior Co-ordinator Jacqui Scott Business Development Officer
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HOME-START SOUTH WILTSHIRE TRUSTEES REPORT FOR THE YEAR TO 31 MARCH 2024
OVERVIEW
Home-Start South Wiltshire is a registered charity and a limited company governed by a Memorandum and Articles of Association. It is a voluntary organisation committed to helping families with young children through home visiting, telephone calls or group events. At least one child in the family must be under five years of age. Volunteers offer weekly support, friendship and practical help to families in difficulty in their own homes, helping to prevent family crisis and breakdown.
CHAIR’S REPORT
This year our work has been led by our strategic plan with particular focus areas of staffing, expanding our offer and board development.
We have begun the process of identifying a new focus area to develop both group and one-to-one support. Working with other agencies and the local authority to ensure that we are not duplicating other services and that there is a real need and desire for our services.
Over the last year trustees have worked closely with our staff to fully understand the range of roles they are fulfilling. This has led to recognising the need to increase our staffing, not only to expand our offer but also to ensure that our staff are fully supported to deliver best practice. The recruitment of new staff will be a focus for our next year. The sharp rise in demand for our service this year, a 48% increase in referrals on last year, continues to demonstrate the importance of the service we provide and we are proud to have supported a total of 61 families – 112 children.
TRUSTEES
In the last year we are delighted to have successfully recruited a new trustee, with a second being processed, to our board. We now have members with experience from the charity, public services and business worlds, across a range of disciplines including volunteer management, fundraising, strategic development, recruitment, public relations, inspection and social media.
We have been developing our trustee roles and responsibilities to ensure that we are using our skills effectively and efficiently as we begin to expand. This has also identified aspects for us to work on next year and we are now looking for a treasurer and trustees with first-hand experience of Home-Start, either as a volunteer or being supported.
TREASURER’S REPORT
Fortunately, our income for the year has been very good. Our total income for the year including grants and donations was £140,268 and expenditure was £91,235 resulting in a surplus of £49,033.
RISK MANAGEMENT
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to monitor the risks so that necessary steps can be taken to mitigate them when necessary.
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HOME-START SOUTH WILTSHIRE TRUSTEES REPORT FOR THE YEAR TO 31 MARCH 2024 RESERVES POLICY The trustees have agreed to maintain a minimum of three months running costs and sufficient funds to cover the expenses of closing the scheme if this is necessary. At present we have allocated £22,000 in a separate bank account as a reserve to cover those costs. INVESTMENT POWERS These are governed by the Memorandum and Articles, which permlt surplus funds to be invested in any lawful enterprise that is approved by the Charity Commissioners. TRUSTEES. RESPONSIBILITIES Charity and Company law requires the Trustees to prepare financial statements for each financial year that show a true and fair view of the state of the affairs of the company and its financial activities for that period. In preparing those financial statements the Trustees are required to: selett suitable accounting policies and then apply then consistently; make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. and prepare the financlal statements on a going concern basis unless it Is inappropriate to presume that the charity will continue in operational existence. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act ?006 and the Charities Att 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the small companies, regime (Section 419(2) of the Companies Act 2006). INDEPENDENT EXAMINER The Trustees intend to ask the existing examiner to undertake the independent examination of the charity in the following year. Approved by the Executive Council on 2klicliF and signed on its behalf by: ecfv Deborah Cockrean Chair
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR TO 31 MARCH 2024 I report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages 7 to 15. RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER The charity's Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts as outlined on page 14. The Trustees conslder that an audit is not required for this year under section 144(2) of the Charltles Act 2011 (the 2011 Act) and that an independent examination Is needed. The charlty's gross income did not exceed £250,000 and I am qualified to undertake the examlnatlon by being a qualifled member of the Institute of Chartered Accountants in England & Wales. Havlng satlsfled myself that the charity Is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for Independent examination, It is my responsibility to: examlne the accounts under sectlon 145 of the 2011 Act; to follow the procedures lald down In the general Dlrectlons given by the Charlty Commisslon under sectlon 145(5)(b) of the 2011 Act; and to state whether partlcular matters have come to my attentlon. BASIS OF INDEPENDENT EXAMINER'S REPORT My examlnatSon was carrled out In accordance wlth the General Directions given by the Charity Commlsslon. An examlnation Sncludes a revlew of the accountlng records kept by the charlty and a comparison of the accounts presented with those records. It also Includes conslderation of any unusual Items or disclosures In the accounts and seeklng explanatlons from you as Trustees concernlng such matters. The procedures undertaken do not provlde all the evldence that would be requlred In an audlt and consequently no oplnlon is given as to whether the accounts present a 'true and fair view, and the report Is Ilmlted to those matters set out In the statement below. INDEPENDENT EXAMINER'S STATEMENT In the course of my examlnatlon no matter has come to my attentlon.. a) whlch glves me reasonable cause to belleve that, In any materlal respect, the Trustees have not met the requirements to ensure that: proper accounting records are kept In accordance wlth sectlon 386 of the Companies Act 2006. and accounts are prepared which agree with the accountlng records, comply wlth the accounting requirements of sectlon 396 of the Companies Act 2006 and wlth the methods and prSnclples of the Statement of Recommended Practice.. Accountlng and Reporting by Charities (revlsed 2005), or b) to whlch, in my opinion, attentlon should be drawn In order to enable a proper understanding of the accounts to be reached. Ian Sheekey FCA Ian Sheekey Accountancy Llmlted Chartered Accountants Date: Sulte 204, Warner House, 123, Castle Street Salisburyt SPI 3TB
HOME-START SOUTH WILTSHIRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2024
| Note | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||
| Incoming resources from generated funds | |||||
| Donations, gifts and grants | 2a | 126,928 | 13,000 | 139,928 | 51,113 |
| Investment Income | |||||
| Bank Interest | 3 | 340 | - | 340 | 79 |
| Total Incoming Resources | 127,268 | 13,000 | 140,268 | 51,192 | |
| RESOURCES EXPENDED | |||||
| Charitable activities | 4 | 73,113 | 11,809 | 84,922 | 72,890 |
| Fundraising costs | 6,313 | - | 6,313 | 180 | |
| Total Resources Expended | 5 | 79,426 | 11,809 | 91,235 | 73,070 |
| Net incoming/outgoing resources | 47,842 | 1,191 | 49,033 | (21,878) | |
| before transfers | |||||
| Transfers | |||||
| Gross transfers between funds | - | - | - | - | |
| Net incoming/outgoing Resources before other recognised gains |
47,842 | 1,191 | 49,033 | (21,878) | |
| Reconciliation of funds | |||||
| Total funds brought forward at 1 April 2022 |
16,220 | 9,208 | 25,428 | 47,306 | |
| Total funds carried forward at 31 March 2023 |
64,062 | 10,399 | 74,461 | 25,428 |
All of the company's operations are classed as continuing. The charity has no recognised surpluses or deficits other than the net incoming resources for the year. The movement on reserves is shown above. The notes on pages 10 to 15 form part of these financial statements.
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HOME-START SOUTH WILTSHIRE BALANCE SHEET FOR THE YEAR ENDING 31 MARCH 2024
| Note FIXED ASSETS Tangible Assets CURRENT ASSETS Cash at bank and in hand Debtors and prepayments CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS NET ASSETS FUNDS General Funds 8 Designated Funds 7 Reserve Funds |
2024 478 77,443 - |
2024 478 77,443 - |
2023 942 27,619 297 27,916 (3,430) 24,486 25,428 (2,780) 9,208 19,000 25,428 |
2023 942 27,619 297 27,916 (3,430) 24,486 25,428 (2,780) 9,208 19,000 25,428 |
|---|---|---|---|---|
| 77,443 (3,460) |
73,983 74,461 42,062 10,399 22,000 74,461 |
27,916 (3,430) |
||
| 25,428 | ||||
| (2,780) 9,208 19,000 |
||||
| 25,428 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The trustees' responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
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HOME-START SOUTH WILTSHIRE BALANCE SHEET FOR THE YEAR ENDING 31 MARCH 2024 These accounts have been prepared in accordance with the provlsions applicable to companies subjectto the small companies, regime. Approved by the Executive Council on Ilfr ach¢ 2024 Deborah Cockrean Chair
HOME-START SOUTH WILTSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
1. ACCOUNTING POLICIES
Charity Information
Home-Start South Wiltshire is a private company limited by guarantee incorporated in England and Wales. The registered office is Suite 204, Warner House, 123 Castle Street, Salisbury, Wilts. SP1 3TB
Accounting convention
The accounts have been prepared in accordance with the 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)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
These financial statements have been prepared on a going concern basis. The company is dependent on the support of funders and the executive council consider that this support will continue to be available. The going concern basis is therefore believed to be appropriate. The financial statements do not include any adjustments that might arise from withdrawal of support.
Charitable funds
General funds are unrestricted funds available for use at the discretion of the Trustees in furtherance of the general activities of the charity and which have not been designated for other purposes.
Designated Funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted Funds represent grants and donations received which the donor allocates for specific purposes.
Incoming resources
All incoming resources becoming available to the charity during the year are included when there is certainty of receipt.
Legacies
Legacies are accounted for in the SOFA when there is adequate certainty and reliability of receipt and their value can be measured with sufficient reliability.
Legacies not recognised in the SOFA are disclosed in note 2.
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HOME-START SOUTH WILTSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
Resources expended
All expenditure is accounted for on an accruals basis and applied under the appropriate heading. Liabilities are recognised as resources expended as soon as the obligation and commitment by the Charity to the expenditure arises.
Charitable expenditure includes costs associated with particular projects in furtherance of the charity's objects.
Support costs include expenditure incurred in support of charitable activities and include an appropriate proportion of overheads.
Governance costs include all expenditure that is not directly related to the charitable activity.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Fixtures and fittings 20% reducing balance Office equipment 33% straight line
The gain or loss arising on the 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 income/expenditure for the year.
Pensions
The charity provides a defined contribution pension scheme, the assets of which are held separately from those of the charity in an independently administered fund. Contributions totalling £1,923 were paid during the period. At the balance sheet date there were unpaid contributions of £334 (2023: £313).
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HOME-START SOUTH WILTSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2. INCOMING RESOURCES
2a. Voluntary Income
| Donations Bruce Eyre Co-op Community Fund David Welsh Gift Aid claims Jennifer Noble Love Repair Café Other Donations Rotary Club Salisbury Semley PCC Shipton Benger allotment Sir Jules Thorne St Francis Church Vanetta Joffe Verdon Smith Waitrose Grants Albert Hunt Armed Forces Covenant Army Central Fund BBC Children in Need Empower Salisbury Garfield Weston HSUK Breathing Spaces National Benevolent Charity National Lottery Salisbury Council, Friary Project SCORE Salisbury Tesco, via Groundwork Volant for Amesbury group Walter Guiness Wessex Water Wiltshire Community Foundation Woodword Trust 3. INVESTMENT INCOME Bank Interest |
Unrestricted Funds £ 180 786 500 251 180 1,200 934 500 446 150 - 300 - - 500 4,000 - - 15,000 4,500 15,000 10,000 5,500 57,000 - - - - 2,000 3,000 5,000 - 126,928 |
Restricted Funds £ - - - - - - - - - - - - - - - 5,000 4,500 - - - - - - - 2,000 1,500 - - - - - 13,000 Bank Interest £ 340 340 |
2024 £ 180 786 500 251 180 1,200 934 500 446 150 - 300 - - 500 4,000 5,000 4,500 15,000 4,500 15,000 10,000 5,500 57,000 - 2,000 1,500 - 2,000 3,000 5,000 - 139,928 2024 £ 340 340 |
2023 £ 180 1,000 - - 200 383 - - - 2,000 - 250 100 - - - 4,000 - 2,000 - - 10,000 10,000 4,500 1,500 - 8,000 - - 6,000 1,000 51,113 2023 £ 79 79 |
|---|---|---|---|---|
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HOME-START SOUTH WILTSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| 4. CHARITABLE ACTIVITIES Wages, NI & Pension Volunteers Expenses Volunteer Support Recruitment Costs Staff/Trustees Training Volunteers Training Travel expenses Xmas Party Friary Project Costs Volant Amesbury Group Project Publicity DBS Fees Insurance IT equipment/software Other Postage Storage costs Room Hire Stationery, Printing, etc Phone & Broadband HomeStart UK Membership Equipment Depreciation Payroll Processing Independent examiner's fee 5. TOTAL RESOURCES EXPENDED Charitable activities Fundraising costs Staff Costs: Wages and salaries Pension costs |
Staff costs £ 69,475 - 69,475 |
Unrestricted Funds Restricted Funds 2024 2023 £ £ £ £ 59,545 9,930 69,475 60,507 437 174 611 836 36 36 19 229 229 216 127 127 10 777 90 867 668 976 183 1,159 1,142 - 301 301 23 1,468 42 1,510 1,314 1,825 938 2,763 1,069 101 101 - 703 703 157 908 106 1,014 956 1,285 1,285 1,130 238 238 187 115 115 71 780 780 780 259 45 304 453 326 326 435 443 443 500 920 920 971 575 575 456 270 270 300 770 770 690 73,113 11,809 84,922 72,890 Other costs Restricted Funds Total 2024 Total 2023 £ £ £ £ 3,638 11,809 84,922 72,890 6,313 - 6,313 180 9,951 11,809 91,235 73,070 2024 2023 67,552 58,681 1,923 1,826 69,475 60,507 |
|---|---|---|
No employee earned more than £50,000.
The average weekly number of employees during the year was 4 (2022-23: 4)
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HOME-START SOUTH WILTSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Tax, social security & pension costs Accruals 7. RESTRICTED FUNDS Army Central Fund Armed Forces Covenant Pears DCMS Governance SCORE Salisbury Volant, Amesbury Group Tesco, via Groundwork Greggs, via Groundwork |
2024 2023 2,278 2,088 1,182 1,342 3,460 3,430 As at Incoming Resources As at 01/04/2023 Resources Expended 31/03/2024 4,000 4,500 4,000 4,500 - 5,000 1,250 3,750 1,000 - - 1,000 375 2,000 2,375 - 3,333 - 3,333 - - 1,500 851 649 500 - - 500 |
|---|---|
| 9,208 13,000 11,809 10,399 |
Purpose of Restricted Funds
Army Central Fund
Grant awarded to support volunteer led home visiting support for Army families
Armed Forces Covenant
Supporting military families in the Tidworth super garrison, Larkhill and Bulford.
Tesco, via Groundwork
Funding for Xmas party.
SCORE Salisbury
To support Catholic families in Salisbury
| 8. GENERAL FUNDS General Funds Restricted Funds Reserve Fund |
As at Incoming Resources As at 01/04/2023 Resources Expended 31/03/2024 £ £ £ £ (2,780) 124,268 79,426 42,062 9,208 13,000 11,809 10,399 19,000 3,000 - 22,000 |
|---|---|
| 25,428 140,268 91,235 74,461 |
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HOME-START SOUTH WILTSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS | |
|---|---|
| Fixed Assets Current Assets Debtors and prepayments Creditors: amounts falling due |
Unrestricte Restricted 2024 2023 £ £ £ £ 478 - 478 942 45,044 32,399 77,443 27,619 - - - 297 (3,460) - (3,460) (3,430) |
| 42,062 32,399 74,461 25,428 |
10. LIMITED LIABILITY OF MEMBERS
The company is limited by guarantee and does not have any share capital.
The liability of the members in the event of a winding up is limited by guarantee to an amount not exceeding £1 per member.
At the balance sheet date there were 5 members.
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