Company registration nunibei.: 05224711 Charity registration number.. 1106092 Home-start in East Lancashire Ltd (A company limited by ￿larantee) At￿Ual Report and Fiiiaiicial Statements for the Year Ended 31 Marcli 2024 Chartered Accountants 1st Floor, Block C The Wharf Maiichesler Road Burnley Lan¢ashire BBII IJG Home-start in East Lancashire Ltd Contents Reference and Administrative Details Trnslees, Report 2107 Iiidependent Exaniinei s Report Statement of Financial Activities Balance Sheet 10 Not¢s to the Financial Stlltemenls Home-start in East Lancashire Ltd Reference and Administrative Details Trustees Mr D Allen Mrs G Barton Mrs P Baxter Mrs S Brown Mr A J Foley Mr A Garnei. Mrs J Gluyas Mr A Mal)mood Registered Office Siiite I, Bi'idgewaler House Siirrey Road Nelson BB9 7TZ Company Registration Number 05224711 Chgrity Registration Number 1106092 Bankers Virgin Money 40 Church Street Blaekburn Lancashii'e BBI SAW Independent Examiner Chai'lered Accoiintants 1st FIOOT. Block C The Whai Maiichester Road Biiimley Laiicashire BBII IJG Page I Home-start in East Lancashire Ltd Trustees, Report The Inistees, who al'e directors foi. the pu￿OseS of company law, pi'esenl the annual report logeth¢i' with Ili¢ financial statements of the chaiitable company for the year endcd 31 March 2024. The Objects of the Charity are. a) to safeguard, protect and preserve the good health, both mental and physical of Children and pai'enls of cliildi'en. b) to prevent cruelty to or maltreatment of children. c) to relieve sickniess. poveity aiid iieed amoiigst children and pai-eiils of Children. d) to promote Ihe education of the public in belter standards of child care - The cliarily aims to provide a range of support for fainilies willi cliildreii Ilirough a voluiiteei'ing niodcl. The cl)arity operates iii Burnley, Hyndburn, Pendle, Ribble Valley, Rossei)dale and their ei)viroiis Public Benefit The trustees confim] that we have paid due regard to the Charity Commission giiidance on piiblic benefit reporting in deciding what aclivities the charity should undertake. The remainder of Iliis Annual Report explains the charlty's work during the year and how il has been carried out for the public benefit. Home-starl in East Lancashire is part of a federation of Home-starts across tlie four nations of the UK with volunteers supportiiig families to live healthier and liappier lives. While part of a national network, each Home-start is managed and fiiiided independently at local level. This ei)siii'es Il)at il is firmly rooted in, and seiisitive to tl)e commiinity il serves. Home-siart values family life and its importance for children, pareiits and the community as a whole. Home-siarl recognises the pressui'es that can be part of having a yoiiiig family, espe¢ially for those expei'iencing social exclusion, Ih05e who are new to the area. Home-start in East Lancashire aims to support parents wilh at least one child under the age of eleven and parents lo be who al-e facing difficulties, enabling them to cope with the pressures they are facing and ieducing the poleiilial for family crisis and breakdown. Homc-siart aims to increase the ¢onfidence and independcnce of the family by: Offering support, friendship and practical assistai)ce' Visiting families in their own honie, where the identity of each child can be respected aiid protected. Reassuring parents that difficulties in bringing up children are not unusual and encouraging tl)em to enjoy family life. Developing a relationship with the family in which lime can be shared and undcrslanding can be developed. Ihe approach is flexible lo take account of different needs. Encouraging parenl Strengths and emotional well-being for the ultimate benefit of their children. Encoui'aging families to widen their network of relationships and use affectively the support and 8eivi¢es available within the community. Page 2 Home-start in East Lancashire Ltd Trustees, Report ACHIEVEMETr4T AND PERFORMANCE Activities in the year Home-start in East Lancashire understands the challenges faced by pareiils in today's society and provides regular visits ii) th¢ hoine, coui)selling support, access lo peer support in group setlii)gs and support li) tlie maternity unil. Oui. slralegic plan for Better Beginnings in 2023124 was lo increase our i'eacli of support, beller ¢ngage our volunteers, be incliisive in oui. work, be innovativ¢ iii our appi'oach aiid improve oui. viabilily. Over 600 Iiew familie5 were referred in for support in the last year and joined tlie already 400 slroiig in receiviiig a coinbii)atioii of support accordii)g to tl)eir iieeds. A lielpiiig Iiand, a listei)iiig ear, iion-judgemental reassurance ai)d a watTh welconie have helped pai'enls lo copc willi life'5 everyday struggles exacerbated by eost of livii)g, fuel poverty aiid increasiiig neui'odiversity in both pai'enls and childi'en. Over 120 new volunteers, an increase of 520/0, joined our call to action iii this yeai. Aiid have helped lo support families in a variety of seltings. Fainilies have reported iinpi'oveineiils iii maiiaging cliildren's developineiit and behaviour, Il)eir own pliysical and emotional wellbeing and Iliat of Ilieii. childreii, iniproved self-confidence and inipi'oved inanagement of tl)eii' Iiousehold. Support l)as been provided with Educational Health Care plans, nursei'y provision, access lo health iiiformalion, housiiig advice, debi inanageinenl from oiir voliinleers,. 'FaiiiilJ,feeliiig oiieiwlielp3ied Miiili ilie coiislaiil build-iip of debi. Advised oil sol'liiig ilii-oiigli papeiivoi'k befoi'e lie.yl vi3il. Plaii Joi. Iiarl visil lo pulpapepwoi-k iiilo a siiiiple oi'dei- & discii3s Miays of iackliiig.f117aiices. "Discussed goiiig buck io Ivoi-k aiid Miini's Loiicei'iis about iioi being able lo afford Lliild cai-e. Reseaicli doiie on liiie allliough Jiol veiy Lleai-. Adiyised Miiin to see1( siippoi-lfi-oiii ilie... bcised al Ilie Loiiiiiiup7i41 Iiiib. Made epjquii-ies Iliey will Iielp Ipiuiii iviili beiiejil npplicalioiis i'egai'ding i'elup'iiipig lo )voi'k. Delt7il3 giveii lo Kiiiiii. o]Jéi'ed lo go willi liei.. Ovei. 300 families had infoiTnation about respiratoiy conditions it]cluding asthma - this enabled families lo have their medication i'eviewed regulai'ly, ensure they are using the right equipment and accessiiig the appi'opriale services as needed. Thi'ough HSUK. we have developed oiii. liiiks with Cadeiit aiid have pi'ovided 184 families iyiih energy advice, carbon monoxide deleclors, slow cooker5, and access lo priority registration. Some of this iyork lias been suppleineiiled witli energy ii)fonnation from New Ground who have visited our group sessioiis. They have been joined by the Oral Health Team and families liave bceii provided with toothpaste aiid briishes to promole early cleaiiiiig of baby teeth. Given that researcli suggests that one in three children will liave looili decay by the Jge of five, Iliis has been much needed vital early prevenlalive work. Over 20 different types of groups were delivered in the year, witli over 600 8essioiis in Ihe five dislricls. Our generic stay aiid playgi'oups Iiave enabled families lo build positive frieiidships. receive advice ai)d iiifornialion about their children's developnient, engage in craft activities witli theii. children, and enjoy a welcoming almospliere. Many have gone onlo a¢cessiiig increased pcer support from WlialsApp groups this has ranged from emotional support to access to equipment and services in Ilie cominuiiity. 'Tliank yoiiJi oiii bolloiii of Iieai-i.foi- iiiakiiig us so welcoiiie lodaj,. We liave Iiad 117e besl liiiie aiid caii't wail lo conie ugaiii. lis iliefiisl liiiie I've ci'ied liuppy lellis coniiiig aMiay.fioiii a playgi'oLIp. "I loiye being able lo Loipie lo ilie gi-oup aiid off load abolii Iiomy I Iiave beeii sli'iiggli17g. Feel like I'iii iiol oil iiiy own. Page 3 Home-start in East Lancashire Ltd Trustees, Report Specialist gioiips have helped families who have children with addilioiial needs, kinship carei's, those who have had cliildi'en removed and tliose wl)o have siiffered a loss. Pareii15 from our BaME commui)itie8 were able to access suppoit in local settings, enabling them lo make friends and improve their access to local services. Volunteers with lived experience have pi'ovided drop in coffee morning sessions in schools Kind community settings and have helped pai'enls to navigate pathways for suppoiling botli Iheii. children and themselves wilh neurodiversily. Sleep behavioiir, EHC Plans, Sendias, Home hiloriiig, Dyslexia screeiiing aiid Essei'e Thei'apies are jiist a seleelion ol areas covered by the leam. We woiild like to thaifft Kelly Butlerwonh for her continued support with couiiselliiig specific lo this need. After ic short bl'eak, wc have welcomed back, Anne Edington lo the team, in hei. new role of Community Eiigagement Lead. This has ei)abled us lo develop our ICB funded community geiietics work and join a NHS Eiiglai)d nalioi)al iiiilialive lo woi-k with oui. Souil) Asiaii hei'ilage coinmuiiily. Linking lip with Home-siart Blackbui'n aiid Danveii and local malei'nity services, we al'e now able to support families across Penniiie Lancasl)ii'e from Iliis cohort. Pi'ofessionals and comniunity gi'oiips woi'king with fainilies liave beeii pi'ovided will) awai'eness raising scssioiis ai)d tl)e plaifom lias enabled us lo expaiid our liealil) messages lo iiiclude Ilie risks of pre-eclainpsia in pregnancy and sinoking ¢essalion. A Iraiiied team are able lo provide this crucial infonnation to Ilie women we are working with. Acknowledged as flexible aiid adaptable, Home-start in East Lancashire has responded to the need to provide a service to young pregiiant wonien, ofteii brought up ii) care, willi little or iio family support, neediiig a vital helping haiid in the First Ten Days when mum ai)d baby come liome. Workii)g closely with enhanced midwifery services at Ilie New BO1￿ Ceiilre, refeiTals are received pr¢-birtli and spccially Irained volunteers are Inalclied with the family. Contact is maintained on a daily basis with the new pai'ents and support is offered lo help them bond, keep Ihemselves and their baby safe aiid kniow tl)at lielp is at hand wl)en needed. "I bp-ouglii klie doll so ive could iole play bailiipig baby, slioiv liow lo hold baby, niakiiig Sui-e dad ivas able lo liold 117e bab)y coi'i'ecily suppoi'liiig ijie Iiead. Skiii lo skiii coiilacl, Iio)v lo gei baby iii ilie cap- seal aiid oiil ag¢7iil. Slioiviiigpap-eiils liow lo pul baby safely iiilo ipioses basket aiid o£il agaiii. Visil iveiit i'eally Ivell fipid Ifeel dad is gellip7g a lol mol'e coiifideiil iioiv, Jie sliowed nie Iiow lo pul oil u17d cliaiige Ilie nappy" To help complemcnl, our Iiome-visitiiig aiid existiiig group provision, we plan to roll out parent craft, baby massage and infant weaning groups. Workiiig closely with oihei. agencies, including Cliildreii aiid Family Wellbeing Services, we have seeii 190 new faniilies access oui. groups. Voluiiteers have facilitated in group settiiig5 across all five districts and l)ave used Ilieir skills and experience to support woinen at risk of having their child reinovcd or dli'eady removed in our Positive Steps gi'oup, provided advice and infonnation lo families wiill SEN children in coffee moimings in scliool setting5 and an increasing cohort of voliinteei's are now a visible presence on the ante and posl-nalal wards in Burnley. A dedicated team of Horn¢-Start voliinteers provided regular suppoit to parents with babies in the neo-natal unit to complement the excellent staff team. No Home-start year would be complete without reference to our trip to the beach at Lyiham and oui. Christmas parties. 154 pai'ents and children enjoyed a day out on the beach - for some this would not have been possible for a variety of reason5. Some of these al'e econoniical, sonie to do with parental confidence and kniowing that support is at hand when i)eeded. The cost aiidlor ai]xiety of travel, Ilie feai. of nianagiiig miiliiple childreii. some with additional needs cali be daunting for aiiy family and impact 01) positive childhood experiences. The support of staff and volunteers on the day (aiid the great weather on the dayl) made for a memorable visit to the beach. Volunteers have received ongoiiig Iraiiiiiig as part of their developrnent including Youth Mental health, Parent and carer First Aid, Alcohol aiid Substance Misiise, Impact of Domestic Violeiice on Children, Improve your Mood, Safegiiardiiig and accessed online Iraiiiii)g modiiles. Regular social events have beeii held for oiir voluiiteers and iiiclude cclcbi'atiiig our oclogeiiarian ￿nd1'al$er, Allaii's special birthday. Allan contiiiues lo raise awai'eness, lielp recruit voluiileers, source raffle prizes, distribute our collection tins and his aiiiiual quiz iiight is iiow a highlight of Ilie year. Haviiig operated a teinporary pop up shop at Colne Market lias made us realise how difficult il can be to raise funds in tliis way and appreciate Allan's conlribulioi) even more. Page 4 Homc-start in East Lancashire Ltd Trustees, Report We continue lo host stiidenl social woi'kei's from UCLAN 01) placement and benefit fi'om their insight and peispeclive. It has been satisfying to help some of our voliiiiteers lo access Iiigher ediication includiiig midwifei'y training and develop links with the Reseai'ch Departnient at UCLAN, ARC (Anlenalal Results Choices), Office of healih inequalities and digpai'ities (OHID) and Byrom and Byi'om. Our woi'k with Acci'inglon aiid Rosseiidale College is now finnly established with over 25 sludenl couiisellors helping lo provide essential suppoi'l lo families. After a coiisiderable bl'eak due lo Covid, we hosted our "Togeilier willi faniilies" eveiit for agencies workii)g in Ilie area aiid wei'e able lo netivork and learn aboul otlier serviccs. Our relationsliip willi otlier voluntary orgaiiisalions contiiiues to dcvelop through tl)e VCFSE Alliaiice and Home-start's in Lancashire, the Noriliwest and nationally witl) HSUK. Contact will) Conlenl Guru will lielp to provide siipporl lo our Coinins team and reporting mechanisnis as parl of their social corporate responsibility. HSUK celebrated it's 50th Miiiiiversary in this year and we are proud that our local service lias beei) supporting families foi. over 23 years. Tliis would i)ol be possible without the commilmeiit of staff aiid triislees. supporting dedicated and committed voluiiteers. Lauren aiid Kira al'e new faces in the Horne-start team Supporting iii groiips and iii the Burnley ai'ea respectively, bi'inging willi them skills in Counselling, Early Years and Commuiiity Leadersliip. Boili bring new ideas to Hoine-stait including outdoor learnii)g aiid school i'eadiness woi'k. Tlie tcain have said goodbyc lo soine Colleagues who l)ave now moved on in their career development and look forward to new recruits joiiiing the team. Likewise our volunteer ti'ustees 011 the Mandgement Boai'd have seen soine changes and we wclcome Dale Allen lo tlie team. Dale brings a wealth of expei'ienLe and knowledge wliicli will sli'engthen the organisalion. And last but not least, iione of our woi'k would be possible wiihout th¢ continued support of our fuiidiiig bodies. We give our l)earifelt thanks to Tlie Lai)casler Foundation who have supported Home-siart for many years as they review aiid adapt tlicir fuiidiiig pi'iorities. Newly fomied relalionsliips are beiiig slrengilieiied with Tlie Eri Wright Charitable Trust wlio have not only provided generous siippoi't for our core work bul have given additional suppoit for the provisioii of warm spaces in our group settings. The continiied siippoi'l from Ribble Valley Council ensures that families in this disti'icl are supported boih by home visiting volunteers and group provision in both the conurbations and rural disti'icls. We undersland the local financial pressures on the newly fonned NHS liitegrated Care Boai'd but are pleased that fundiiig will continuc for our Bett¢i' Beginnings woi'k and plans have been made to l'each out to the Natioiial Lollery Community Fund, The Hei)ry Siniili Charity aiid Children in Need for a fiii'iher roiind of fwidijig support. We are pi'oud that our voluiiteer led, efficient seiwice niodel means we are able lo deliver siipport to a range of families with fai. reachiiig and long lasting impacl. The trustees have careful monitoring pi'ocedui'es in place to oversee the financial performance of the charity. FINANCIAL REVIEW Financial position The total incomiiig resoiii'ces for the period April 2023 to Mai'ch 2024 were £443,287 and expeiidittii'e £421,575. This leaves a siirpliis of £21,712, of which £1,099 is reslricled income from fundei's foi. designated projects. Page 5 Home-start in Ei ast Lancashire Ltd Trustees, Report Reserves Policy Tl)e Trustees liave reviewed Ilic reserves of the Charity. This rcview encompassed tlie nature of Ilie iiiconie ai)d expenditure sli'eams, the need lo match vai'iable income willi fixed cominilinenls and Ilie nature of reserves. Ai the period eiid the Charity's uiirestricted reserves were £325,072. This comprises of Designated Funds of £158,958 allocated lo general niiming costs for the year 2024125 in lieii of confirnied fuiiding fi-oin oilier sources and a Closiire Reseive of £166,114 for poteiilial operatioiial liabilities arising out of coiitracts and agreements in place, should the cliarily be asked to meet these obligations. Home-siarl in East Laiicashire needs reserves to ensure.. It can continue to provide a stable and quality seivice lo those wlio need them- It can provide working capital when funding is paid in arrears. It cali meet its contrmctual reqiiii'ernenls should the organisatioii have to close. In recent years the size of the woi'kforce has iiicreased significaiitly resuliiiig in an increase iii free reserves to meet legal obligations. It Can meet any unexpected costs such as machinery failure or slaff absence. Reserve5 Level and Administration Home-siarl iii East Lancashire will: Endeavoui- to maintain reserves to ensure the fi)ture funding viability and sustainability to support col'e aims and objectives. Endeavour lo Inaintain reserves balances to Cover at least four months costs and closure costs to fulfil all legal obligations Eiideavour lo inaintaiii reserves balances in order 10 provide for plaiiiied replaceinenl of depl¢liiig assets. Monitoring and revieiving of Reserves Policy The Trustees will Lonsider costs of closure arjd examine the level of reseives each year when setting the following yea¢s budget. STRUCTURE, GOVERNANCE AND MAIYAGEMENT Governillg do¢ument The Cliarity is governed by ils Memorandum and Articles dalcd 7 September 2004, revised l Otl) October 2008, revised 2011] February 2019. Recruitment and Appointment of Trustees The Charity's woi'k focuses oil families and the Ti'uslees seek to ensiire the needs of this group are appi'opriately reflected tl]rough the diversity of Ilie board and ils advisoi's. The Trustees actively recrLlit members of families helped, to serve the Cliarity as ciilier Volunlcer or a Trustee ai)d contiiiuc to look to recruit Irustces from a variety of sources to i'eflect Ilie diversity of the population we serve. Training and Induction Tlie Trustees al'e ali'cady faniiliar willi the pi'aclical work of the Charity having seived tlie oi'ganisation in various ways over many years, their experience and the encoiii'agement to attend local and national training sessions help to maintaiii its skills base of both tlie Trustees aiid their voluDtecrs. Page 6 Home-start in East Lancashire Ltd Triistees, Report The management committee holds annual days foi. b08rd development. Risk As5es5ment Tl)e Trustees have a risk maiiagemeiit process to ideiilify and assess all busiiiess risks and risk policies are in place to mitigate tl)ese risks. Intenial risks are miiiimised by Ilie implemeiilation of procedures or auihorisalion of all transactions and projects aiid to ensure consistent quality of delivery for all operational aspccts of Ilie cl)arilable company. Procedures are in place to ensure cornpliance witli liealih aiid safely of staff, voluiiteers, clients aiid visitors lo tlie premises. All slaff and voluiilecrs are DBS checked and receive the oiigoing necessaiy training. These procedure5 are pei'iodically reviewed to ensure that they ineet the needs of tlie Charity. Policie5 The chai'ity has compi'ehensive wi'ilten policies includiiig: Risk management. investment, saleguarding, conflicts of interest, voliinteei. managenieiil aiid ¢oniplaints haiidling. This report has been prepared in accordance with the special provisions of Pait 15 of the Companies Act 2006 relating to small ¢ompanies. Small companies provision statejnent Tliis i'eport has beeii prepared in accordance with the small companies regime uiidei. tlie Companies Act 2006. The annual r¢poit was approved by the trustees of the charity on 19 June 2024 and signed on ils behalf by.. Mrs S Brown Trustee Page 7 Home-start in East Lancashire Ltd Independent Examiner's Report to the trustees of Home-start in East Lancashire Ltd I repoi'l lo the charity Ii'uslees on my examination of Ilie accounts of the charily for tlie yeai. ended 31 March 2024 wliich are set out on pages 9 to 19. Respective responsibilities of trustees And exaniiner As the chai'ity's li'ustees of Home-slart in East Lancashire Ltd (aiid also ils directors for Ihc purposes of compaiiy law) you are respoi)sible foi. the pi'epai'alion of the accouiils in accordaiice with the i'eqiiireineiils of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself tliat tlie accoiints of Home-start in East Laiicashire Ltd are iiot required to be audited uiider Part 16 of tl)e 2006 Act Mild are eligible for indepeiidei)l examination. I report in respect of my exaniinalion of your eliarily's accouiits as carried out under section 145 of the Cliai'ities Act 2011 ('Ihe 2011 Act,). In canying out my examination I have followed the Dii'¢clions giveii by the Charity Coinmission uiidei. section 145(5)Ib) of Ilie 2011 Act. Independent examiner's statement Since Home-siart iii East Laiicashire Ltd's gross income exceeded £250,000 your examiiier must be a member of a body listed in section 145 of the 2011 Act. I coiifirn] that l am qiialified lo undertake the exaniiiiation because l am a membei. of th¢ Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my exaininatioii. I confinn that no matters l)ave Come to my attention in connection witli Ilie examination giviiig me cause lo believe.. a¢couiiliiig i'ecoi'ds were not kept in respect of Home-siart in East Lancashii'e Lid as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the aceounting requirements of section 396 of the 2006 Act oihei. than any reqiiiremeiit that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination,. oi. 4. the accounts have not been prepared in accordaiice with the methods and principle5 of the Statement of Reconimended Practice foi. accounting aiid reporliiig by cliai'ities lapplicable lo chariliLS prepai'ing Ilieir accoiinls in a¢cordaiice witl) the Finaiicial Repoi'ling Standard applicable in the UK aiid Republic of Ireland (FRS 102)]. I l)ave 110 concerns aiid have conie across no other matters in coniieclion witl) tlie examinatioii to whicl) alteiilion should be drawn ii) this report in order to eiiable a proper ui)derslanding of tlie accounts to be reacl)ed. M R Healoii FCCA FCIE DChA I st Floor, Block C The Wharf Mancliesler Road Burnley Lancashii'e BBII IJG 19 June 2024 Page 8 J c J Jx w oo Home-start in East Lancashire Ltd (Registration number: 05224711) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 13 3,672 4,893 Current assets Casli at baiik and in liand 375,204 351,949 Creditors: Amounts falling due ivithin one yellr 14 21,249) 20,927) Net current assets 353,955 331,022 Net assets 357,627 335.915 Funds of the charity: Restricted ineome funds Reslricled funds 32,555 31,456 Unrestricted income fund5 ul￿estrIcted funds 325,072 304,459 Total funds 16 357,627 335,915 For tlie fiiiancial year ending 31 March 2024 Ilie charity was entitled lo exemptioii fi-om audit under section 477 of the Coinpanies Act 2006 relating lo sinall coinpanies. Directors, responsibilities: The Inenibers liave not required the cliarity to obtain an audit of its accounts for the yeai. in question in accordance with section 476., and The dii'ectors xclaiowledge their i'espoiisibilities for complying with the reqiiiiEmeiits of the Act with respect to accounting records aiid the prepai'alion of accounts. These accounts have been prepared in accordance with the pi'ovisions applicable to companies subject to the small companies regime. The financial statements oil pages 9 to 19 were approved by the Iri]5tees, and authorised for issue on 19 June 2024 and sign¢d on tlieir behalf by.. Mrs S Brown Trustee Page 10 Home-start in East Lancashire Ltd Notes to the Financial Statements for the Year Ei nded 31 March 2024 I Charity status The cl)arity is limited by giiai'antee, incoiporaled in Eiigland, and conseqiienily does iiot have sliare capital. Eacli of the trustees is liable to conlribulc an amount not exceeding £1 towards Ilie as5Cts of Ilie charity in Ilie event of liquidation. The address of ils registered office is.. Suite I, Bridgewaler House Surrey Road Nelson BB9 7TZ These financial statements were auihoi'ised for issue by the trustees on 19 June 2024. 2 A¢¢ounting policies Summary of significxnt accounting policies and key accounting estimates Tlie pi'incipal accounting policies applied in the preparation of Ihcse fii)ancial stalemciits are set out below. Tliese policies have been consistently applicd lo all Ihe years presenlcd, unless otlierwise staled. Statemellt of compliance The financial statements have been prepared in accordance with Accounting and Repoi%ing by Cl)aTitics: Statement of Recommended Practice applicable to charities preparlng their accounts in accordance with the Financial Repoiting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Chai'ities SORP (FRS 102)). Ilie Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Compaiiies Act 2006 and Charities Act 2011. Basis of preparation Hoine-siarl iii East Lanca.8liire Ltd mecls the definition of a public bei)efit entity under FRS 102. Asscls and liabililics are initially recogiiised at hisloi'ical cost or ti'ansaction value unless oilieiwise slated iii the relevaiit accounting policy notes. Going concern The trustees considei. that theTe are no material iincertainties about the charity's ability lo continiic as a going concem nor any significant areas of uncertaiiity that affect the cairying value of assets held by tlie charity. Income All iiicome is recogiiised on¢e the charity has entitlemeiit to Ilie income, it 15 probable that the inconie will be received and the ainouiit of the income receivable cali be measured reliably. Donations Doiiations are recognised wheii Ihe charity has beeii notified iii wi'lting of both the amount and settlement dale. In the event Ilial a donation is subject to conditions that require a level of performaiice by tl)e charity before the cl)arity is enliiled to the fvnds, Ilie ii)¢ome is defeiTed and not recognised until either iliose coiidilioiis are fully mel, or the fulfilmciit of those conditions is wliolly wiihiD Ilie coiilrol of the cliarily aiid il is probable that Iliese conditioiis will be fulfilled in the repoitiiig pcriod. Page 11 Home-start in East Lancashire Ltd Notes to the FinallciAI Statements for the Year Ended 31 March 2024 Expenditure Cliai'itable expenditiire comprises those costs incurred by tl)e charity iii the delivery of its activities and service5 foi. its benefi¢iai'ies. 11 includes both costs Ilial can be allocated dircctly lo sucl) activities and Iliose ¢osls of an indirect nature necessary to support them. Support Costs Suppoil costs incliide cenli'al fiiiiclioiis aiid have been allocated to activity cost categories on a bdsis consistei)t with the use of resources, for example, allocating properly costs by floor areas, or pei. capita. staff costs by the lime Spent aiid otl)er costs by tl)eir usag¢. Governance costs These include the costs alti'ibiilable lo tlie chai'ity's ¢oinpli