2024-03-31-accounts

Charity No 1106362 Company No 05196432

HOME-START NORFOLK

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

HOME-START NORFOLK

YEAR ENDED 31 MARCH 2024

CONTENTS

	Page
Trustees' report	1
Independent Examiner’s report		7
Statement of fnancial actvites		8
Balance sheet		9

Notes to the financial statements 10

HOME-START NORFOLK

YEAR ENDED 31 MARCH 2024

CHARITY / COMPANY INFORMATION

Registered charity name	Home-Start Norfolk
Charity number	1106362
Company number	05196432
Registered address	Swafam Community Centre
	Campingland
	Swafam
	Norfolk
	PE37 7RB
Trustees	N A McClelland (Chair)
	D A Lefevre
	S Skoyles
	F J Fairbairn-Harvey(resigned 28/09/23)
	J Creaser
	A C Millar
	L J Stabler
	C McDougall-Richards(appointed 25/07/24)
	L A Townsend(appointed 25/07/24)
Secretary	N F Gots
Key management personnel	Liz Cross (Business Manager)
	Natalie Spurdens (Service Manager)
	Helen Brown (Development Manager)
Independent examiner	ABC Abacus Limited
	Financial Accountants
	The Willows
	Ipswich Road
	Long Straton
	Norfolk
	NR15 2TG
Bankers	HSBC
	18 London Street Norwich
	NR2 1LG

HOME-START NORFOLK

TRUSTEES’ REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and financial statements for the year ending 31[st] March 2024.

Home-Start Norfolk is a charitable company limited by guarantee, merged on 1[st] April 2017 from the five individual Home-Start schemes operating across Norfolk. The oldest of these, Home-Start Kings Lynn and West Norfolk, registering as a charity in April 1984. The organisation proudly remains part of the federated national network of Home-Start UK as the movement celebrates its 50[th] year. The charitable company was established under a Memorandum of Association, which established its objects and powers and is governed by its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Objectives and Activities

Home-Start Norfolk's charitable objectives and activities are:

• to safeguard, protect and preserve the good health, both mental and physical, of children and parents of children;

• to prevent cruelty to or maltreatment of children;

• to relieve sickness, poverty and need amongst children and parents of children; and

• to promote the education of the public in better standards of childcare within the area of Norfolk.

Home-Start Norfolk works with families with at least one child under five who are experiencing difficulties and facing challenging circumstances. This may include families struggling to cope with disabilities or additional needs, poor mental health, social isolation, family breakdown, bereavement or financial hardship. Home-Start’s unique service provides preventative early intervention to support parents, enabling them to grow in confidence, and empowering them to make positive changes to give families the best possible pathway to improved health, wellbeing, and stability.

Home-Start Norfolk offers families a unique, non-judgemental, informal, home-visiting service, which achieves positive change. To deliver its services, the charity recruits and trains volunteers from the local community, who give their time and parenting experience to help other families. Trained volunteers are matched with a family referred for support, developing a trusted relationship which fosters selfresilience and builds confidence, successfully integrating families into their communities.

During the year, the charity also provided infant massage sessions in small groups, or one-to-one, to improve attachment and wellbeing, and piloted PEEP child development groups across the county.

Public Benefit

The trustees are mindful of the requirements of the Charity Commission regarding the Public Benefit test and confirm that the activities of the charity will conform with these requirements.

Achievements and Performance

Page 1

HOME-START NORFOLK

TRUSTEES’ REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees and management team entered the 2023/2024 financial year clear on their priorities to further bolster the sustainable framework of the organisation, whilst combatting a difficult economic environment, for the benefit of its families, volunteers, and communities. The priorities included:

1. ensuring the new roles and responsibilities of the management team were ratified

2. securing and developing income streams, countering the impact of a large contract coming to an end the prior year, to continue to be able to provide county-wide support;

3. retaining and developing existing volunteers whilst recruiting further;

4. growing the Board of Trustees to address skills gaps; and

5. maintaining and developing relationships with organisations across the sector.

The team have successfully achieved the priorities for the year, stabilising income streams and further building on the sustainability of Home-Start Norfolk.

Home-Start Norfolk was delighted to be awarded the Kings Award for Voluntary Service, one of the first organisations to be awarded the accolade by the King. The achievement recognises the value and impact of the charity.

Due to contracts ending and Local Authority funding priorities changing in the prior year, decisions were made that meant Home-Start Norfolk started the year operating with fewer staff hours, but with the demand for services continuing to grow. Roles were successfully diversified, and efficiencies made, but the difficult decision still had to be made to reduce the charity’s capacity

During 2023/24, a total of 247 (2023: 414) families received support from Home-Start Norfolk, including:

• 202 (2023: 264) families supported by a home-visiting volunteer or staff member; and

• 45 (2023: 150) families participating in group activities such as infant massage classes and PEEP child development groups.

235 (2023: 337) new referrals for home visiting were received during the year. 74% of all referrals were received from statutory services and 23% were self-referral. The reduction in referral numbers reflects the careful management required to address overwhelming demand and capacity reduction, resulting in temporarily pausing referrals in some districts when waiting lists became excessive.

The most common reasons for referral were:

• Parental emotional wellbeing (identified in 63% of all families referred)

• Parenting skills (49%)

• Isolation and loneliness (47%)

• Children’s early development and learning (42%)

The impact of Home-Start Norfolk’s work is evidenced by the data gathered during the support process:

• 92% of families reported an improvement in parental mental wellbeing

• • 91% of families reported an improvement in their parenting skills • 100% of families reported feeling less isolated

Page 2

HOME-START NORFOLK

TRUSTEES’ REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31 MARCH 2024

• 97% of parents reported an improvement in their children’s development and learning

129 (2023: 143) volunteers supported at least one family, with 57 (2023: 56) new volunteers completing preparation training during the year, replacing those who have moved on to new opportunities, further education, or employment. Every volunteer is taken through a comprehensive training and induction programme, helping them to bring their own lived experience to families with confidence, in addition to providing a safe and supportive environment for their own learning and development. Investing in the support and retention of volunteers with ongoing training opportunities and regular supervision has been a priority during the year.

During the year two new Local Authority contracts were successfully secured and initiated:

1. Ukrainian Families Befriending Project – supporting the transition of Ukrainian families from Local Authority support teams to help them integrate into their new communities.

2. Peer Support Service (Start for Life 0-2) – providing peer support, home-visiting, and groups to families with children aged 0 to 2, part of Norfolk County Council’s Family Hubs initiative.

Thank you to all the volunteers, staff, referrers, funders and supporters for their continued support.

Structure, Governance and Management

The total number of Board members shall not be less than four and not more than twenty. The Board of Trustees meets monthly (rotation of full Board meetings, Family Service sub-committee, and Personnel and Resources sub-committee), in accordance with Home-Start Norfolk’s Memorandum and Articles of Association and scheme of delegations.

Trustees set an operational strategy for the charity, and this is reviewed annually. An annual business plan, developed by the Senior Leadership Team in collaboration with the Trustees, ensures that the charity’s strategic objectives are delivered effectively. This is supported by a comprehensive reporting framework comprising monthly management accounts and services reports, which track progress against forecasted outcomes and are scrutinised at each monthly meeting.

A new 2-year strategy with succinct, clear, and achievable objectives has been developed by a charity specialist, working alongside the Senior Leadership Team and Trustees, with funding secured through Home-Start UK’s sustainability initiative.

Full quarterly Board meetings, chaired by Niall McClelland, cover strategy, business planning, risk management and review, and policy adoption. Board meetings are also attended by the Senior Leadership Team.

The sub-committee structure, comprising of a Personnel and Resources Committee, chaired by David Lefevre, with delegated responsibility for financial management, personnel and processes, and a Family Service Committee, chaired by Sue Skoyles, with oversight of services and projects, enabling Trustees to bring their specific areas of expertise to support the Senior Leadership Team.

The Trustees, who are also directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements, are listed at the front of this document. Frances

Page 3

HOME-START NORFOLK

TRUSTEES’ REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Fairbairn-Harvey stood down during the year, having been a great support to Home-Start Norfolk during her term.

New Trustees complete a six-month probation and induction process before being appointed to the board. Anita Millar, Lynne Stabler and Joanne Creaser joined as Trustees during the year bringing further skills and expertise to the board.

Identifying gaps using a skills audit, the board continue to seek new Trustees with the knowledge and experience needed to complement and develop the board.

Day-to-day operations of the charity are delegated to the Senior Leadership Team in line with policies, budget, and the business plan.

The staff structure, initiated in the prior year, is established and stabilised, and the Board remain confident that the appropriate steps were taken to ensure the long-term viability of the charity. Liz Cross continues as Senior Lead, supported by the Senior Leadership Team comprising of Natalie Spurdens, Services Manager, and Helen Brown, Development Manager.

Financial Review

2023/24 financial year was forecast to break even. The Board are pleased to have generated a surplus whilst continuing to fulfil its contractual obligations.

Total income received for the year 2023/24 was £414,955 (2023: 473,873), a decrease of 12%, with a 1year core grant from Norfolk County Council and sub-contract grant with Action for Children supplementing trust and fundraising income. Expenditure totalled £379,777 (2023: £511,568), a decrease of 26% on last year following the restructure and cost savings introduced. This resulted in a net surplus of £35,178 (2023: deficit £37,695).

Financial sustainability requires income to be derived from a range of sources. For Home-Start Norfolk this includes commissioned opportunities with local system partners, continued success with trust and foundation fundraising and additional fundraising streams generated within the community and corporate arenas. The Board’s prudence and foresight in addressing financial sustainability, with minimum impact to front-line services, will ensure Home-Start Norfolk’s countywide service remains viable and responsive when new commissioning opportunities arise.

As of 31[st] March 2024, the charitable company had total funds of £415,942 (2023: £380,764), which comprise of £9,482 (2023: £34,795) of restricted funds from grants awarded during the financial period, which will be expended during the next financial year and unrestricted reserves of £406,460 (2023: £345,969). Included within unrestricted reserves is £233,370 (2023: £195,000) of funds which are held in accordance with the reserves policy (as below), in respect of the potential closure costs of the charity. When excluding this, the unrestricted reserves available for use are £173,090 (2023: £150,969).

Page 4

HOME-START NORFOLK

TRUSTEES’ REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Restricted funds

Restricted funds of £9,482 (2023: £34,795) is income awarded during the financial year pertaining to specific funder requirements, comprising primarily of staff and volunteer costs, which will be expended in 2024-25.

Reserves Policy

The Board of Trustees have set a reserves policy which requires that:

• a) reserves are maintained at a level which ensures that Home-Start’s core activity could continue during a period of unforeseen difficulty; and

• b) a proportion of reserves are maintained in a readily realisable form.

The calculation of the required level of reserves is an integral part of our planning, budget and forecast cycle and considers:

• risks associated with each stream of income and expenditure

• being different from that budgeted;

• •

• planned activity level; and organisational commitments.

Having considered the risk, activity and commitments of the organisation, Trustees have agreed that the scheme needs to retain a level of free reserves equating to 3 months’ running costs plus potential closure costs (e.g. redundancy costs) which equates to approximately £233,370.

Plans for Future Periods

Demands on our service remain strong, driven by the effects of the cost-of-living crisis and the legacy of the pandemic continuing to impact families and young children. Alongside increased demand, reduced funding levels and increased competition for diminishing funding pots add to the challenges across the charity sector.

Documented within our strategic plan, our key priorities over the next two years include:

• expand our core offer to meet local needs more flexibly;

• strengthen our staff and volunteer resources to better meet the needs of a diverse community;

• build a sustainable platform for growth by diversifying income;

• increasing and developing partnership working and visibility with key stakeholders;

• improve impact measurement and evaluation.

Page 5

HOME-START NORFOLK

TRUSTEES’ REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The team continue to develop positive relationships and explore funding opportunities from both local and national trusts and foundations, local commissioners, corporate and community donations.

Statement of Trustees’ responsibility

The Trustees (who are also directors of Home-Start Norfolk for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP 2019 (FRS 102);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on a “going concern” basis unless it is inappropriate to assume that the charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company 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 special provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board of Trustees:

Niall Mcclelland (Nov 12, 2024, 4:46pm)

==> picture [58 x 9] intentionally omitted <==

N McClelland (Chair of Trustees) Date:

Page 6

HOME-

START NOFOLK

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF HOME-START NORFOLK

I report to the charity trustees on my examination of the accounts for the above charity number 1106362 for the year ended 31 March 2024 which are set out on pages 8 to 23.

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 required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Financial Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company 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 accounting requirements of section 396 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

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Peter Bussey

Peter Bussey (Nov 12, 2024, 4:42pm)

Peter Bussey FFA FIPA Institute of Financial Accountants ABC Abacus Ltd The Willows Ipswich Road Long Stratton NR15 2TG

Date:……………13 November 2024……………

Page 7

HOME-START NORFOLK

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

	ENDED 31	MARCH 2024
		Unrestricted	Restricted	Total Funds	Total Funds
	Notes	Funds 2024	Funds 2024	2024	2023
		£		£	£
INCOME
Donatons and Fundraising	2	34,865	-	34,865	48,191
Grants	2	189,445	183,579	373,024	423,238
Other Income		-	-	-	843
Investment income		7,066	-	7,066	1,601
		__	__	_	_
TOTAL INCOME		231,376	183,579	414,955	473,873
		__	__	_	_
EXPENDITURE
Costs of raising funds	3	22,616	696	23,312	40,723
Charitable Actvites	4	148,269	208,196	356,465	470,845
		__	__	_	__
Total expenditure		170,885	208,892	379,777	511,568
		__	__	_	__
Net income / (expenditure) being net		60,491	(25,313)	35,178	(37,695)
movement in funds
Transfer between funds		-	-	-	-
		__	__	_	_
Net movement in funds		60,491	(25,313)	35,178	(37,695)

HOME-START NORFOLK

Total funds at	1 April	345,969	34,795	380,764 418,459
Total funds at	31 March	406,460	9,482	415,942 380,764

The statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 23 form part of these financial statements.

				Page	8
	BALANCE SHEET
	AS AT 31 MARCH	2024
	Notes		2024		2023
		£	£	£	£
FIXED ASSETS
Tangible assets	9		8,347		16,355
CURRENT ASSETS
Debtors	10	1,291		2,598
Cash at bank and in hand		495,314		422,985
		_		_
		496,605		425,583
CREDITORS
Amounts falling due within one year	11	(89,010)		(61,174)
		_		_
NET CURRENT ASSETS			407,595		364,409
			_		_
TOTAL ASSETS LESS TOTAL
LIABILITIES			415,942		380,764
THE FUNDS OF THE CHARITY:
Unrestricted funds Comprising	13		406,460		345,969
of:
Reserves fund		233,370		195,000
Free reserves		173,090		150,969

Restricted funds

TOTAL FUNDS

13	9,482	34,795
	_	_
	415,942	380,764

For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements were approved by the Trustees on 13 November 2024 and are signed on their behalf by:

…………………………..Niall Mcclelland (Nov 12, 2024, 4:46pm)

N McClelland (Chair of Trustees) Company registration number: 05196432

Page 9

HOME-START NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 ACCOUNTING POLICIES

General information

The charity is a private company limited by guarantee registered in England and Wales. The address of the registered office is Swaffham Community Centre, Campingland, Swaffham, Norfolk, England, PE37 7RB.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

Basis of preparation

The financial statements have been prepared in accordance with 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) (effective 1 January 2019) - Charities SORP (FRS 102), and the Charities Act 2011.

Home-Start Norfolk meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The charity, being small in size, has used the exemption provided by Charities SORP (FRS 102) under which it is not required to include a cash flow statement as part of the financial statements.

The financial statements are prepared on a going concern basis under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Fund accounting

Unrestricted funds are those which are available for the general purposes of the Charity at the discretion of the Trustees in the furtherance of the charitable company's objectives.

Restricted funds are those which have been received for undertaking an activity specified by the donor.

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HOME-START NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR

THE YEAR ENDED 31 MARCH 2024

1 ACCOUNTING POLICIES

(continued)

Designated funds comprise unrestricted funds that have been put aside at the discretion of the Trustees for particular purposes.

Income

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Income is generated through donations, grants and other sources. Donations are recognised when received. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

• costs of raising funds comprise the apportionment of staff costs to this area on the basis of time spent raising funds;

• expenditure on charitable activities includes that which relates directly to fulfilling the charitable objectives of the Charity, as outlined in the Trustees' Report.

Allocation of support costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the Charity's activities. These costs have been allocated to expenditure on charitable activities.

Governance costs are included in support costs and relate to the direct running of the Charity, allowing it to operate and generate the information required for public accountability. They include the costs of accounts preparation and independent examination.

Tangible Fixed Assets

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HOME-START NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 ACCOUNTING POLICIES

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on the following basis

Asset Category Annual Rate Fixtures and fittings 25% Straight line

(continued)

Redundancy and termination payments

Redundancy and termination costs are recognised as an expense in the Statement of Financial Activities and a liability on the Balance Sheet immediately at the point the Charity is demonstrably committed to either:

• terminate the employment of an employee or group of employees before normal retirement date; or;

• provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

The Charity is considered to be demonstrably committed only when it has a detailed formal plan for the termination and is without realistic possibility of withdrawal from the plan.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Creditors are recognised when the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Cash at bank and in hand

Cash at bank and in hand includes cash held in bank accounts. There are no short-term investments.

Financial instruments

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Pensions

The Charity provides a defined contribution pension scheme, whereby the charity and its staff each fund the scheme, managed by a third-party provider, the assets of which are held by the provider separately from the assets of the charity. The pension charge in the financial statements represents the amounts payable by the charity to the fund in respect of the period.

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HOME-START NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 ACCOUNTING POLICIES

Corporation tax

The Charity is exempt from taxation in respect of income and capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to the charitable purposes.

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HOME-START NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Judgements and key sources of estimation uncertainty

In the application of the Charity's accounting policies, which are described above, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Trustees do not consider that there are any other critical judgements or sources of estimation uncertainly in the financial statements.

2 DONATIONS AND LEGACIES

	Unrestricted	Restricted	Total
	2024	2024	2024
	£	£	£
Donatons	34,865	-	34,865
Grants	189,445	183,579	373,024
	_	_	_
	224,310	183,579	407,889

	Unrestricted	Restricted	Total
	2023	2023	2023
	£	£	£
Donatons	48,191	-	48,191
Grants	60,350	362,888	423,238
	______	_	_
	108,541	362,888	471,429

In 2024 no (2023: £140,000) government grants were received from the National Lottery Community Fund providing support to core costs and funding to undertake an impact review to support future sustainability.

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HOME-START NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3 COSTS OF RAISING FUNDS

	2024	2023
	£	£
Salaries of fundraising staf	21,582	37,329
Fundraising costs	1,000	3,145
Publicity and Marketng	730	249
	______	______
	23,312	40,723

In 2024 costs of raising funds were £23,312 (2023: £40,723) of which £22,616 (2023: £40,723) was expenditure from unrestricted funds and £696 (2023: £nil) was expenditure from restricted funds.

4 EXPENDITURE ON CHARITABLE ACTIVITIES

	Actvites	Support and
	Undertaken	governance
	Directly	costs	Total
	2024	2024	2024
	£	£	£
Charitable actvites	318,165	38,300	356,465

Actvites	Support and
Undertaken	governance
Directly	costs	Total
2023	2023	2023
£	£	£

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HOME-START NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Charitable activities

430,760 40,085 470,845

In 2024 expenditure on charitable activities was £356,465 (2023: £470,845) of which £148,269 (2023: £99,717) was expenditure from unrestricted funds and £208,196 (2023: £371,128) was expenditure from restricted funds.

5 SUPPORT COSTS

SUPPORT COSTS
	2024	2023
Cost type	£	£
Consultancy fees	14,827	16,136
Insurance	2,061	3,195
Consumables	346	1,144
Depreciaton	8,008	6,956
Sundry expenditure	1,143	1,688
HSUK fee	8,512	6,417
Bank Charges	77	115
Subscriptons	92	40
Governance costs:
Independent Examinaton fee	1,800	2,550
Accountancy	1,434	1,844
	______	______
Total	38,300	40,085

Support costs have been allocated to charitable activities based on actual use.

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HOME-START NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6	STAFF COSTS
		2024	2023
	Staf costs were as follows:
	Wages and salaries	265,604	359,497
	Employer NIC	18,661	28,917
	Other pension costs	14,946	19,955
		_	_
	Total	299,211	408,369
	Staf restructuring costs comprise:
		2024	2023
	Redundancy payments	-	2,570
	The average monthly number of employees during the year was as follows:
		2024	2023
	Employees	14	18

The Charity considers its key management personnel to comprise of Service Manager, Business Manager and Development Manager. 2023 also includes the Chief Executive officer, prior to the CEO role being made redundant during that year. The total staff costs including employer pension contributions of the key management personnel were £81,870 (2023: £144,710). No employee has employee benefits in excess of £60,000 (2023: none).

7	NET INCOME / (EXPENDITURE)
		2024	2023
		£	£
	This is stated afer charging:
	Depreciaton of tangible fxed assets	8,008	6,956
	Pension costs	14,946	19,955
8	INDEPENDENT EXAMINER’S REMUNERATION
		2024	2023

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

		£		£
	Independent Examinaton fees	1,800		2,550
9	TANGIBLE FIXED ASSETS
			Fixtures and
			Equipment	Total
			£	£
	Cost
	At 1 April 2023		54,061	54,061
	Additons		-	-
			______	______
	At 31 March 2024		54,061	54,061
	Depreciaton
	At 1 April 2023		37,706	37,706
	Charge for the year		8,008	8,008
			______	______
	At 31 March 2024		45,714	45,714
	Net Book Value
	At 31 March 2024		8,347	8,347
	At 1 April 2023		16,355	16,355
10	DEBTORS
			2024	2023
			£	£

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

	Accrued income	167	990
	Prepayments	1,124	1,608
		______	______
		1,291	2,598
11	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£
	Trade creditors	-	-
	Accruals and deferred income	89,010	56,566
	Social security and other taxes	-	4,608
		______	______
		89,010	61,174
	Deferred income	2024	2023
		£	£
	At 1 April	53,305	64,902
	Additons during the year	87,000	30,000
	Released during the year	(53,305)	(41,597)
		______	______
	At 31 March	87,000	53,305

Grant income has been deferred, due to being received in advance of the period to which it relates.

12 CONTINGENT LIABILITY The Pensions Trust - Growth Plan ("the scheme")

Home-Start Norfolk participates in the scheme, a multi-employer scheme which provides benefits to some 950 non-associated participating employers. The scheme is classified as a 'last-man standing arrangement'. Therefore, the charitable company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. Therefore Home-Start Norfolk has a contingent liability, as a result of pension funds held that sit within a growth plan administered by The Pensions Trust. There is a contingent liability of £4,841 (2023: £6,045) relating to

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

the pension scheme, which would fall due to the scheme provider if Home-Start Norfolk had no members in the scheme, as this would trigger a cessation and crystallise the liability. There are four (2023: four) members remaining in the scheme. The amount of the liability is as advised by the Pensions Trust following their latest Scheme Valuation. The plan currently has an identified shortfall with sufficient funds to cover 82% of liabilities. Home-Start Norfolk does not contribute towards the recovery plan for the scheme as the charity has no series 1 or series 2 liabilities. The recovery plan is due to end on 31/01/2025 and is reviewed every 3 years.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13

STATEMENT OF FUNDS
2024	Brought				Carried
	Forward	Income	Expenditure Transfers		forward
	£	£	£	£	£
UNRESTRICTED FUNDS
General funds	345,969	231,376	(170,885)	-	406,460
	_	_	_ ______		__
RESTRICTED FUNDS
Acton for Children	391	-	(391)	-	-
Home-Start UK	146	-	(146)	-	-
Natonal Lotery Community Fund	15,244	-	(14,688)	-	556
Norfolk Community Foundaton	9,142	29,717	(29,085)	-	9,774
MOD Covenant Fund	2,373	-	(1,655)	-	718
Natonwide Community Grant	708	30,415	(31,123)	-	-
Nth Norfolk Sustainable Communites	6,791	-	(6,791)	-	-
Breathing Spaces	-	10,000	(10,000)	-	-
Henry Smith	-	60,000	(60,000)	-	-
NCC Start for Life	-	-	(10,583)	-	(10,583)
NCC Ukrainian Fund	-	16,500	(10,386)	-	6,114
Norwich Consolidated Charites	-	17,500	(17,500)	-	-
Postcode Places Trust	-	19,447	(16,544)	-	2,903
	_	_	_ ______		__
Total restricted funds	34,795	183,579	(208,892)	-	9,482
	_	_	_ ______		__
Total Funds	380,764	414,955	(379,777)	-	415,942
STATEMENT OF FUNDS (contnued)
2023	Brought				Carried
	Forward	Income	Expenditure Transfers		forward
	£	£	£	£	£
UNRESTRICTED FUNDS
General funds	375,424	110,985	(140,440)	-	345,969
	_	_	_ ______		__
RESTRICTED FUNDS
Acton for Children	-	125,000	(124,609)	-	391

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13

Home-Start UK	2,339	-	(2,193)	-	146
Natonal Lotery Community Fund	-	140,000	(124,756)	-	15,244
Norfolk Community Foundaton	24,377	23,831	(39,066)	-	9,142
MOD Covenant Fund	1,292	35,000	(33,919)	-	2,373
Natonwide Community Grant	-	24,097	(23,389)	-	708
Nth Norfolk Sustainable Communites	-	12,960	(6,169)	-	6,791
Postcode Places Trust	15,027	-	(15,027)	-	-
RC Snelling Charitable Trust	-	2,000	(2,000)	-	-
	_	_	_ ______		__
Total restricted funds	43,035	362,888	(371,128)	-	34,795
	_	_	_ ______		__
Total Funds	418,459	473,873	(511,568)	-	380,764

STATEMENT OF FUNDS (continued)

MOD Covenant Fund By Your Side project tackling loneliness & isolation in families living at RAF Marham. Home-Start UK DCMS Pears Resilience funding contributed to the salary costs of a Fundraising Officer.

National Lottery Community Fund Grant to support core costs and undertake an impact review to support future sustainability.

Norfolk Community Foundation Includes various funds: DCMS Know Your Neighbourhood to increase volunteering and reduce loneliness in Great Yarmouth; Healthy Young Minds to support early years emotional development via PEEP development groups; Household Support Fund to provide food vouchers to vulnerable families; Love Norfolk to support staff salaries and Saracens supporting work in South Norfolk.

Action for Children Contract with Action for Children delivery family support under Norfolk County Council’s Early Childhood and Family Service (ended March 2023).

Postcode Places Trust Out of the Blue project funding supporting parental mental wellbeing.

RC Snelling Charitable Trust Funding for new computers.

Nationwide Community Grant Empowering Families to Thrive - providing tailored family support countywide.

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NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

13

North Norfolk Sustainable Building Resilience in North Norfolk families - providing Communities family support and training local volunteers In North Norfolk Breathing Spaces Fund Pears Foundation funding via Home-Start UK for consultancy and running costs. Norwich Consolidated Charities Supporting and empowering families within a 30-mile radius of Norwich. Henry Smith 3-year funding to provide one-to-one support to vulnerable Norfolk families. NCC Ukrainian Families Contract to deliver a 6-month pilot befriending project for Ukrainian families with children aged 0 to 19. NCC Start for Life Contract to support delivery of Norfolk’s Start for Life/Family Hub initiative for children aged 0 to 2.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13 STATEMENT OF FUNDS (continued)

U NRESTRICTED FUNDS

The unrestricted funds are available to be spent for any of the purposes of the charity.

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

	Restricted	Designated	Unrestricted	Total
	Funds	funds	funds	funds
	2024	2024	2024	2024
	£	£	£	£
Fixed assets	-	-	8,347	8,347
Net current assets	9,482	-	398,113	407,595
	______	______	_	_
	9,482	-	406,460	415,942
	______	______	_	_

	Restricted	Designated	Unrestricted	Total
	Funds	funds	funds	funds
	2023	2023	2023	2023
	£	£	£	£
Fixed assets	-	-	16,355	16,355
Net current assets	34,795	-	329,614	364,409
	______	______	_	_
	34,795	-	345,969	380,764
	______	______	_	_

15 PENSION COMMITMENTS

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in independently administered funds. The total pension cost charge represents contributions payable by the charity to the funds and amounted to £14,946 (2023: £19,955). No amounts are outstanding at year end (2023: £nil).

16 RELATED PARTIES

In their roles as Trustees, the Trustees give their time and expertise freely without any form of remuneration or other benefit in cash or kind.

Trustees expenses were not incurred during the year for any trustees (2023: £nil).

There were no other related party transactions (2023: none).

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