REGISTERED COMPANY NLIMBER: 05239322 (England and Wale5) RECISTERED CHARJTY NLMBER: 1107413 RTr.PORT OF THE TR LNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EliDED 31 MARCH FOR HOME-START SO THWARK Chariot House Limited Chartered A¢wuntants 44 Grand Parade Brighion East Sussex BN2 9QA
HOME-START SOUTHWARK CONTEF'TS OF THE FlINAPCIAL STATEMEi%TS FOR THE YEAR ENDED 31 .NIARCH 1022 Pge Report of the Trustees I to S Independent EJminer'J Report Statement of FinaneSl Aetlvltlei Balance Shee¢ Notes to the Flnncial St8tern¢nt$ 9 w 19 Det8lled St#tement of Financial Artlvltki 20
HOM -START UTHWARK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAR The trust¢¢s who aye also directors of the charity for thc puws of thc Cornpanies Act 2¢X)6, present their report with the flnancial ststements of th¢ charity for the ycar tnd¢d 31 March 2022. The tn]51ees have adopted th¢ provisioths of Accounting and Reporting by Charities." Statemcnt of Remmended Prdctice applicable to ¢htn"ttes preparing thetr accounts in accordance with th¢ Financiat Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS 102) {effective l January 2019). OBJECTIVES AND ACTIVITIES Objective5 Ind ilms d) Elwliest Interyeniion.. Reduee the level of ststutory int¢rY¢ntion ftt babi4 chTldren & familles in Southwark. b) Comrnunity Impact.. Grcatcr wial and economic well-being for peoplc in Southwark through leaming, Yocational and volunteering oppominities. cl Sustainability.. Su51ain an etT¢¢tiYe home-b8sed family support servtce iti Southw4rk Slgnlfiexnt 8Ctivltles Home-start Southwark is an ind¢penden( voluiitary organisation whieh works tQW8rds the increased ¢onfidcnce and independenc¢ of the family by d¢liY¢ring projects and various courses in 2021-22.. Home-start Volunteer Support for Families a¢ knme (Core Support). - Bump to Babe (perinatal support) and Mellow Parentin8 (Mellow Babies parenting Course): Madc of Money (Financial Managcment} Big Hopes Big Futyrcslslftured child development COUT5¢ in the home and onlinc) - About Boys Course, Baby Mawg¢. Songtime. B¢irtg Together {child developm¢ni programme) Som¢ of thc activÈties we provide includ¢'. 8UPPOrt and professional fricndship in th¢ home to help redue¢ isolation of families and en¢ourage them to access onlinc and outside activities and serYices- infomialion and ¢ncouragemeni about the benefits of heolthy eating and exercise to itt¢rease the physical and emotional well-Ing of families. structured Icaming through play and positive parentin8 sessions in the Iwme to get ¢hildren and partts ready for nurscry and h(K)I,. - practical 8UPPOrt 4nd guidance needed at the perinatal stage #nd during the early years of 4 childs life to help 14y a vital, social and emoti¢)D81 foundation for the chil(L buildin8 happier, healthier lives and ertabling th¢m to achieve thoir full potential., - help to address famili¢s' economic welfart andlor inadequate housing issues. support and encouragcrn¢nt for familics to ldr¢s5 petsonal i5stses that Can have a negative ¢ff¢ct on their ehildTrn's d¢Yelopment by acc¢&sing out8ide support such as mentsi health, substance misuse, dome]C violence agcncics. Practical support with ac¢e*$ to illcviatc fo(Kl and fuel poverty. Publi¢ beneflt The Trustec8 confirni that they have refcrr¢d to the Charity Commission's general guidanc¢ on public benefit when reviewing our objectives and artiwties and in plannin8 fiJre activiti¢5. It is the judgement of the Trustees ihat activities in pursuit of the atM)ve Objectiv fully meet thc public b¢nefil test, whtch they have kept in mind wh¢n planning programm¢s for the charity. Page I
ourHWARK REPORT OF THE TRLSTEES FOR THE YEAR ENDED ARCH 2022 ACHIEVEMEYT AND PERFOtLMANCE Charitable 8ctiwities Since it was founded in 1995, Home-stsrt Southwark has supported 3.174 families with at l¢w# onc child under five years or expecting a baby and recNited community volunte¢rs to PTovide home wprAITt In 2021-22, 47 trained volunteers and 5 Family Support WoTkers supp)rted a &)tal of 193 familtes and 409 childr¢n. Our service is deliv¢r¢d thrigh our hvo main projects Core and Bump to Babe and OUT group based work Big Hop¢8 Big butures. During this year.. 42/0 of families received cor¢ support from a volunte¢r OT 4 Family Support Worker to improve the home environm¢nt, Teduce isolation and m¢ntal hcalih issues. access to local services, assistsnce to deal with housin8 issues, prd¢ti¢al hlp to manage multipl¢ births and ditTi¢ulties durthg pregnancy. 23D/D of families received supwjrt from the Bump io Babe proJKt which improve outcomcs for expectsnt and ncw mothers experiencin8 moderdte health and social th"fficulties, complemenung the statutory S¢TViC¢S providcd by midwives. health vi8iiors and other bealth and SOCI care profess1ons. - 350/0 were supported through groups. Our families also benefitcd from one or more of the followin8 programmes ¢)r cour5es'. Madc of Moncy support to help manag¢ their finances better through budg¢ting, debt awarene At)d ¢ost saving techniques. Mellow B4bi¢5 parentin8 course which is an attachment-based early Int¢nI1{ programme that fo¢us¢s on PTomotin8 parenl-¢hild rclationships. As a T¢suIt of our serv[¢¢, th¢ majority of our famili¢s a¢hieved rnultiple outcomes an4 in many instsnces, achieved ou¢comcs that were not originally identified asse55m¢nt. In 2021-22. outcomes for families wpported were: Involvement in ¢hildren's development, learning and socialisin8 88% - Improved parent's eonfldcn and self-esteem 91% Aecessing local scrvices 85•/0 Managing children's b¢hawour 860 Coping with loneliness and 50eial i501ation 92•/ Better able io manage stre&s cau%d by conflict in the family 84•/ Better able to m&ndgC thc household budget 88ts/. - Parent improved ability lo h8ndl¢ thc day-today nJnnin8 of the home 7V - Coping with cxtra work Caed by multiple birth and ehildrcn 86 Coping with child's physica] hAlth 81 Coping with child's mental hcalth 91•/0 Coping with adult physical health 86*/. - Coping with adult mentsl health 7 (hjr projeds are co4elivered by local comrnunity volunteers. and it is e55¢ntia] that they receive high quality training and support. During 2021-22, w¢ had 47 active volunteers each supporting at le one family for six months or longer. Our volunteers received ongoing support and we Continued their prOfelOnal development through an ongoing training programme. This year we offered. AutLStic Spe¢tnun training, Domesttc Abuse training, NVQ Level 2 online training in a range (Ff social care subjects. Big Hop¢& Big Futures Group Facilitator trJinin& B.ng Together carly t¢)olkiL and Made of Money budgeting course. Page 2
HOME- TART soirrHWA REPORT OF THE TRLSTEES FOR THE YEAR ENDED 31 MAR 2022 FINANCIAL REVIEW FinaThcial position Detiii15 of Home.Stsrt SouthwaTk's revellue Ind eXpdituTe for the ycar under review and the previous year are shown on page 7 of the Financial Ststem¢nt& We are pleased to report the Home-stsn SouthwaTk 2021-22 results. total funding for thc year was £317,992, a decrease of 23.8 /0 compared to PriOT year. and our kntal reSoUrS expcnded. for the year wa5 £350.340. an increase of 9.7 / driven by increased staff cow in 2021-22. Resujrani 'net exp¢nditure' for the year was £(32,348) reducin8 nd balances carried fonvard as at 31 March 2022 to £220,178 (which inclu¢ks £lJ7,478 of generdl unrestrieted funds). This was in line with expectations as, poM Covid-19 and the transition to Home-stan Southwark ]ng able to deliver the support and services offered to the Community ¥s planned. we sought to return to Home-start Southwark's stTat¢gic gromh plan which includes the eontrolled unli10ft of excess carried forward resources over lh¢ plan period. GrAnts Our key grnnt5 thi$ year included funding from the following charitabl¢ organisations: - The Bi8 Lott¢ry Reaching Cornmunities: £90.(KKI - The Hel Smith Charity.. £60.0 - Peter Mirlet Tru8t.. £30,(KX) - Unit¢d 8t Saviours Charity.. £28.139 - HS UK CJrowth Fund- Arbuthnots.. £18,750 BBC Childrcn In Need.. £12.393 - St Gcorgc the Martyr. £7.5 Clarions.. £7,250 I lome-start London.. £6234 - Home-stsrt UK - Pilgrim Grant Trust.. £l,Sfy) Having rccogniscd th¢ value of our servic¢ offerin8s. the pow¢rful impact of our work on our community and our fvture ¥rnbition, Homc-start Southwark hks b¢en succe&sful in secuTin8 fundin8 from a number of these charitable orgJnisations through their fornial bid processes on rn0 than one occasion. As a Trustee body and Mana8ement omittee we are extremely grateful for this level of recognition and continued support. Thank you. In addition to these grants. we aye hugely grate1 to our generous benefactors and private indtvidual donors who reeognised the ongoing importance of our work and corttlnue to support us. Our sp¢cial thanks this year go to Marque$8do who donated £33,254, Pri1¢ Public Ltd who donated £3,(KKJ, T Colclough for their donation of £1,320 and to our wider p(xTrl of privale donors who colledively contributed £1 5,594. D¢spi¢e the on8OLng support of existin8 donors. the funding eycle pUal¢S and one of our key priorities remains to e¢k to secure xcw and replacemcnt funding whilst also rnaÈnlainin8 c105e control of our expenditure. New and replacement funding is required to covcr both our cxi5(ing proj¢ct dclivery and core costs such that we can continue to provid¢ high quality traintng to our volunt¢¢rs and exceptional s¢rvt¢e delivery to th¢ fornilies in our community in n¢¢d of our wpport a5 well as in order for us to meet our bsInesS plan 8oAls and Secure our lon8-tenn futur¢. Op¢ning funds balance.. £252,526. Closing Funds Balance.. £220,178 R¢$¢rves polley Th¢ Management Committee has weed a fonna] policy on re5¢ry which requirt that: a) Reserves are maintained at a level of which ensures thai Home-start Southwark has 5ufficicnt resources to continu¢ its cor¢ activity (on a 5hort-¢em) basis) in th¢ event of unforeseen circumstances such as a reduction or cessation of funding. b) The twstees have r¢vi¢wed the charity's n¢ed for a reserve and agr the appropriate levcl. c)-I'his will be in line with the annual review of this policy. latem lewslative requirements and best practice advice by thc Chartiy CoTnmission and Home-start UK. The level of designat¢d r¢s¢rves at 31 MaTeh 21Y22 was £81.8(M) (2020r21.. £81.8)). Page 3
HO.ME-START soufHWA REPORT Ofr THE TRLSTEES FOR THE YEAR ENDED 31 LIIARCH 2 22 STRUCTURE. GOVERNANCE AYD MANAGEMENT Governing do¢ument Home-start Souihwark was incorpoTatl as a Company limitcd by guarantee on 23rd Sept¢mbcr 2004 {Cornpany Number 5239322). The company 15 registered as a CIMn"ty with th¢ Charity Commission (rcgistration r]umb¢r 1107413). The charity was es¢abb"shed in 1995 and was previously registerj wilh the Charity Commission under the registrdtion number 1048969. The Trustees m¢¢t bi monthly to ensure the cw11ae with the Memorandum and Articles and the policies of Horne- Stsrt Southwark. The day to day operdtion within the p)licies. forward plan and budgets are deleated to the Schem¢ Director and the Busin¢ss Support Co-orthDator. Under the Memordndum & Articles of Association the Trusw appoint the officers of the ¢harity (Chair and Trea4urer). Thc Trusl¢¢s according to the Articles of Association art eleded a¢ the Annual General M¢ctings. Th¢ Trn5tce8 may co-opt any person duly qualified to be app)inted as a Tr and that person will hold officc uniil ihe next AGM. REFERENCF. AND ADMINISTRATIVE DETAIiS Registered Company number 05239322 (England ond Wales) Reglitered Charlty number 110741_3 Regljtered offlct Canopi 7-14 Great Dover Street .ondon .8EI 4YR Trustee$ A P Baddeley Ccary N S Dgble A P Gardiner- TreasuTer M Kaipah-milne (resigned 2611112021) CDGKing S M¢gee S Mthsen8er- Chair C b. Moxon T Popova P M South - VÈce-chair (stepped down from the role 2611 Ir2021) R E Vernczza A A Williams - Vice Chair (appointed for the rol¢ 2611112021) Company Seeretxries P E Hawkins {resigned 14110r2021) K K Hajduk INdependen¢ Examiner Lcanne Lcverin8ton ACA In5titutc of c.hartered Accountsnts in England and Wale5 Chariot House Limited Chartcrcd Accountant5 44 Grand Parade Bri¥hton F.a5t Suss BN2 9QA Pa8c 4
HOME-START SOUTHWARK REPORT OF THE TRL.STEES FOR THE YEAR ENDED 31 MARCH 2022 REFERENCE AND ADMINISTRATIVE DETAILS B#nkers CAF Bank Ltd 25 Kings Hill Avenue Kirtgs Hill West Malling Kent ME194JQ Approved by OTd¢r of the board of trUe¢S oD?Jp.bTh&*ThW..... lo4 signed on its behalf by.. A P Gardiner- TTUStee Pa8e 5
lDEPENDENT EK4MlINER'S REPORT TO THE TRUSTEES OF HolE-sTART SOUTHW'ARK Independent ex#mlner'$ report to the tn15teu of Home-Sirt Sollthwrk ('the Company,) I repon to th¢ ¢harity truses oll my examination of the aco)unts of the Company for the yearended 31 Mar¢h 2022. Respon$ibilitieJ aDd basis ofreport As the charity's trustees of the Company (and 4150 its direct¢)rs for the purposes ofcompany law) you are responsible for the prepardtion of the accounts in accordance with the wirements of the Companies Act 2006 Ilhe 2(x Aci). Having satisficd myself that the aecounts of th¢ Company are not required to I audiied under Part 16 of th¢ 2)6 Aet and are eligible for indepcndent examination. I report in respect of my exarnination of your charity's accounts as carried OUT under section 145 of the Charitie5 Aa 2011 (Ihe 2011 Acn. In carrying out my exarnination I have followed the Dircetions vcn by the Charity Comrntssion under section 145(5) (b) of the 2011 Act. Independent exmiDer's statement Since your charity's gross Lncome exceeded £250.0(M) your examiner must be a m¢mber ora listed body. I can ¢onfirn) that l am qualified to undertake ihe examination becaw l am • rc8iStered member of In#ityte of CharteTed Awouniant5 in England and W3les which is one of the listrd bodie I have ¢ompleted my examiTration. I confirni that no Matt¢ have ¢ome lo my attention in conn¢¢tion with ihe examination giving me cause to b¢lieve'. accoimting records were not kept in resyec¢ of th¢ Company as required by Yction 386 of th¢ Act; or the dceounis do not accord with ihose rccords.. or the accounts do not cornply with the accouniing requir¢menL8 of s¢ction 396 of the 2006 Act tsth¢r than any rcquir¢mcnt that the accounts giv¢ a true and fair view whieh is not a malter considered pan of an independent cxaminatLon.' OT the 4Lciounis havc noi be¢n prepared in aecordance with Ihe methods and principles of the Statement of ReLotnrn¢nded Prartice for accounting and reportin8 by chan'ties {applicable to charitE¢S prepanng their a¢Lounts in accordthce with the Fin#mtial Reporting Stsndyrd applicable in the UK and Rcpublic of Ireland IFK% 502)). I have no conc¢rns and have come a¢ro%% no other matters in connection with the examinytion to which attenti¢)n should bc drawn in this report in order io enable a proper understanding of the accounts to be reached. Ltranne Leverington ACA Institute of Chartcred Accountants in England attd Wal&s Chariot HOU l.imit¢d C.hartercd Ac¢ountants 44 Grand Parade Brighton East Sussex BN2 9QA i£li L12(722 . Page 6
ME-START SOUTHWARK STATF.MENT OF FINANCIAL ACTIVITIES FOR TH YEAR ENDED 31 MARC 2022 2022 Total fijnds 2021 Total funds Unrestricted Restricted nds INCOME Af4D F.NDOWMkNTS FROM Donations and legacies 54.896 54,896 95.554 Charitable a¢tiviti¢ Charitablc ActivitL¢S 56,314 206.782 263,096 322,096 Other income 425 TotAI 111210 317.992 417,225 EXPENDITURE ON Charltable aetivitleg Charitable Activities 14 144.458 205.882 350.340 319.451 NET INCOMEI(EXPENDI'fuRE) {33248) {32.348) 97,774 REC.ONCII,IATION OF FUNDS Total fundi brought forward 252.526 252.526 154,752 TOTAL FUNDS CARRIED FORWARD 219278 220.178 2S2 526 The notes fom part of th¢5e financial ststements Page 7
HOME-START THWAR BA 31 ANCE SHEET ARCH 2022 2022 Totsl 2021 Total funds Unre5trickd Restricted funds funds Notes FIXED ASSETS Tangible assets 615 615 1,183 CURRENT ASSETS Debtors Cash at bank and in hond 10 8.822 311476 8.822 312 376 5,835 324 548 320,298 321.198 330.383 CREDITORS Amounts falling due within one year {101,635) (101,635) (73,764} NET CURRE.YT ASSETS 900 219563 256619 TOTAL ASSETS LESS CURRENT LIABILITIES 219.278 220,178 257.802 CRF,DITORS Am(Trunt& fallrng due after more than one year 12 (5,276) NET ASSETS 219278 9(K) 220 178 252 526 FUNDS lJnrcstricted funds Re%tri¢ted funds ij 219,278 252,526 TOTAL FUNDS 220 178 252 526 The charitsblc Company is entiiled to ¢xemption from audit undcr Sectton 477 of th¢ Comwdnie5 Act 2006 for the y¢ar endcd 31 Mah 2022. The mem1r5 have not required th¢ company to obtain an audit of tts financial stalem¢ts f(Jr th¢ year cndcd 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The th]stee8 acknowledge their responsibilities for (a) ensuring that ihc charitable company keeps accounting records that Comply with Section$ 386 and 387 of the Companies Act 2006 and preparing finatjcial staternents which give a true and fair view of the state of affair8 of the charitsble company as at th¢ end of eaeh rtnancial year and of its surplus or deficit for each financial year in accordance with the requirerncnis of Sections 394 and 395 and which otherwise comply with the requirement5 of the Companies A¢t 2006 relating to financial ststem¢nt& so far as applicable to the charitsble company. These financlal ststements have beert prepared in accord¢t with the PTDvisions applicable to charithble companies subject to the small companies regime. (b) The financial 8tatements wetr approved by the Board of Tne¢S and authorised for issue .4.¥i4oxKkw. .....11. and wcrE signed on its. l)ehatf by: APGar ner- Trust¢c Page 8 continued...
HOME-START SOUTHWARK NOTES TO THE FINANCIAL sT.TEIENTs FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES Ba5)$ of preparing the financi41 $t•terneDts The fEnancial statements of the charitable company. W"Ch is a public benefit entity under FRS 102. hdve been prepad in accordance with th¢ Clwi"ti¢s SORP (FRS 102) 'AOUntg and Reporting by Chariiies.. Statement of Recomm¢nd¢d Prdctice applicabl¢ to thanties Preparing th¢ir accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Finiin¢iai Reporting Standard 102 The Financial Reporting Statthrd applicable in the UK and Republic of ITeland a[ the Companies Art 20(. The financial ststern¢nts have been prepared under the historic cost conventio Incorne The charity's poli on iDcome recognition is as follow5.. Voluntary Incom¢ is r¢c¢iY¢d by way of donations WKI gifts and is Teeognised when ceIved. Fundrnisirtg Aetivities are shown when reeeived. Investment Income is included when receiv Ineomc from Charitable Aciivities are for whcn receivable. Other Income is ihown when reeeived. Tr4xpendlture Expcnditurc is recognised on an accruals bS as a liability as incurred. Expenditure includes VAT which in the nomial course of events cannot be recovered and 15 Teported as part of th¢ expenditu to whi¢h it rel41¢5. Costs of Generating Funds comprise the Costs 8&8ociaied with artra¢tin8 voluntary income. Charitsble expenditure comprises those costs incurred by the charity in the d¢livery of its activitie5 and services for its beneficiaries. These are costs that can be difealy allocated io th¢ actiity concemed. Governance ¢os¢s include those costs 8s50ciat¢d with meeting th¢ constitutiottal and ststutory r¢quir¢m¢nt6 of the charity and in¢lud¢ the independent examiners fees and costs linked to th¢ strat¢¢ manag¢m¢nt of th¢ charity. All costs are allocatcd betwecn the cxpcnditUTe categories of the Stsiemcnt of Financial Activitie5 (SOFA) on a basis designed to reflect the use of the Yesource. Costs thai can be relatcd to 8 particular activity arc allocat¢d directly others are opportioned on an appropriate b&sis. Tr#nsf¢rs between funds are thos¢ costs Ired mthtion¢d #bove which c4nnot be allocated th'rectly to an activity but are necessary to support them. Grts offered subject to conditions which have not been met at the year ¢TKI dwte are no1 as a commitment but not accrued as expenditure. TnElble fixed assets Depreciation is provid at the following annual rates in ord¢r to write off each asset ov¢r its ¢Stimated useful Computer equipment 33 /0 on cost Equipment costing more than £5 is capitlS¢d and deprcthated ovcr its uscful lifc. 3 ycars. D¢pTcciation is chged for a full year in the year of wuisition. Items costing Ic5s than £51M) are writtcn off Kn the ycar of purchase. Fixed Assets and wuipment in¢lud¢ ¢omput¢rs. offiee equipment, plKTrtQC4)picr and prinler. Fixed ass¢¢s and equipment excludes solhyare whith is ¢xp¢n%d in full in the year of purch&s¢. Page 9 continued...
HOME- TART S NOTES TO THE FINACIAL STA'fEME OR THE YEAR EfiDED MARCH 202 TS- eonti ACCOUNTING POLICIES- continlled Taxatlon The Charity is ¢on5idered to pass the *sts set out in Paragrdph I Schedule 6 Finance Ad 2010 and therefore it meets the definition of a charitable company for UK Corporntion Tax pulposes. Aceordingly the Charity is potcntially excrnpt from taxdtion in respect of income or capitsl gains received within caiegories cov¢red by Chapter 3 Part I I Corporaiion Tax Aci 2010 or Section 256 of the T#xation of Char8eable Gains Aci 1992, to Ihe extent that such incoTnc or gains are applied exclusively to charitable purposes. FuTrd aetountlng Uniestrirted funds can be us¢d in accordance with the clwitable objectives et th¢ diseretion of th¢ trustces. Restricted funds can only be used for particular restricted purpose% within th¢ objec15 of the charity. R¢stri¢tions arise when specified by the dorK>r or when fimds are raised for parncular restri¢ted puOs¢s. Further explanation of the nature and puw of each fvnd is included in the notes to the financial statements. Golng concern Th¢ company has pr¢par¢d thesc ae¢ounts on a Boing wncern b8si& Th¢ tru$tees are of the opinion that there are no matenal uneertatnties that exist which would mean ihe charitys ability to continue as a going concern was itt doubt. Penjlon colts and other poJt-rellr¢ment benefits Flome-start Souihwark pdrtLCIPdlcs in th¢ Pension Twst The Growth Plan (the "scheme.), a multi- cmploy¢r schcme which provides benefits to sorn¢ 950 non-ass0¢iated participttiing employers. Thc $chcme 15 A defined benefit scheme in the UK. li 14 not possible for Home-stsrt Southwark to obtsin sufficient infonnation to enable it 01 accounts for the schcrne as a defined benefit sch¢me. Therefore. it accounts for the sch¢me as a defined onttibuti¢)n scheme. The scheme is subject to the funding Ic8islation outlined in the Pensions Ad 2 whieh cam¢ into force on 30 December 2(X15. Thi4 tO8¢ther with documents isstsed by ihe Pensions Rcgulaior and Tcehnical Actuarial Standards issued by the Financial R¢portin8 Council. sei out the framework for fundin8 defin¢d benefit occupalional pension schemes ift ihe UK. The yeheme 1$ classified as a lla#-man stsndin8 anan8emenV. Ther¢fott. the company is potcntially liable for other participatt'ng ¢mploycts' obli8aiions if ihosc ernploycrs unable mcet their share ofthc hemC deficit rollown8 Wlthdrnwal from th¢ scheme. Parti¢ipating employers are legally required to meet th¢ir shares of the scheme deficit oft an annuity purchase basis on withdrawal from thc %hcme. Pl¢ase see note 13 for further disclosuTC5 relating to the seheme. Page 10 conlinued...
HOME-START soufHWARK NOTES TO THE FINANCIAL STATEMENTS-continued OR THE YE ENDED 31 WCH 2022 DONATIONS AND LEGACIES 2022 2021 Donatsons Gift aid 53,168 1.728 94,792 762 54.896 Donations re1Ve& included in thc alx)ve, are as follows: 2022 2021 Marquesado Ltd South T Colclough Private donation8 #nd online 8lVlrtg The Elizabeth Prin¢¢ & Zaiger Tntst Grind1 Dulwi¢h and Sydenham Hill Golf Club Th¢ Robert Holman Memorial Trust D¢ntons UK J Swcdbcrg PTivatc Publi¢ Lid 33.254 62.905 51M) 1,170 18.816 2,000 600 2,801 3,000 1,000 2,000 1,320 15,594 INCOME FROM CHARITABLE ACTIVITIES 2022 2021 Activity Charitable A¢tivities Grants 322 096 Grants re¢¢ived, included in the 4bov¢, are as follows: 2022 2021 Adrian Swire Chariiable Tnjst The Henry Smith Charity Ilome-stsrt London Clarions BBC. - (:hildren In Nttd Thc Big Lottery Fund United St Saviours Charity Petcr Minei Trust London Funders City Bridge Trusi St George the Martyr HS UK GroW(h Fund- A[buthTrts Othcr grants < £2.(KK) Horne-start UK- Pilgrim Grant Tn 5,833 40,000 16.908 4,000 41,416 88.231 33,168 20,000 31,440 38,6 2,5(M) 6,234 7,250 12,393 28,139 30,0(M) 7,51KJ 18.750 1,330 263.096 322.096 Pagell continued...
OME-START SOUTHWARK NOTES T THE FINANCIAL STATEMENTS- eon THE YEAR ENDED 31 fvL4RCH 2022 OTHER INCOME 2022 2021 Actyal gains on defined benefit pension schem¢s NET INCOMEI{EXPENDITLRE) Net incomel(expenditure) is ststed aft¢r Charging: 2022 2021 Deprcciation - owned assets Independent Examinets Fee 568 520 2.640 TRUSTEES. REMLNERATIOY AND BENEFITS There w¢r¢ no tsUA¢¢s' remuneraiion or bcnefits for the year ended 31 Mareh 2022 nor for the ycar ended 31 Mareh2021. Trustees, txpens¢$ There w¢rc no trn5tees' exp¢ns¢s paid for th¢ year cndfAI 31 March 2022 nor for the year ended 31 Mah 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrict¢d funds Restyieied funds Totsl funds INCOME AND ENDOWMEliTS FROM Donations and Ic8aei¢s 95.551 95,554 ChArltAble A¢tlvities Charitable Athivities 36.fl 285.188 322,096 Other income 425 425 Tot*1 285,191 417225 EXPENDITURE ON Ch8rit#ble activiti Charitable Acttvities 7,889 311.562 319,451 NET JNCOMEI(EXPENDITURE) 124.145 (26.371) 97.774 RECONCILIA TION OF FUNDS Total funds brought forward 128.381 26.371 154,752 TOTAL FUYDS CARRIED FORWARD 252 526 252.526 Page 12 COTttinued...
HOME-START HWA NOTES TO TAE FINATr4CIAL STATEIEyT FOR THE YEAR ENDED 31 MARCH 2022 - continthed STAFF COSTS 2022 2021 Wages and salaries Social security colts Other pension costs 258.720 20,667 206,305 14,848 Th¢ amount paid key mgeMent personnel iothlled £56.914. The averd8e monthly nurnTrw of employees durin8 the pen1 w85 follow5: 2022 2021 No ¢mploytts received emolum¢nts in excess of £60,1XM). TANGIBLE FIXED ASSETS Cornput¢r equipment COST Ai l April 2021 and 31 March 2022 DEPRECIATION At l April 2021 ChaT8e for year 520 568 At 31 Mareh 2022 NET BOOK VALUE At 31 Mar¢h 2022 615 At 31 March 2021 io. DF,BTORS: AMOUNTS FALLINCI DUF. WITHIN ONE YEAR 2022 2021 Other debtor5 Prepaymcnts and 8rUed income 3.990 2,970 Page 13 continued...
HOME-START SOUTHW NOTESTO THE FINANCIAL FOR THE YEAR END D31M TATEMK RCH2 - continued CREDITORS: AM0[Ts FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditors Social security and other taxes Othcr Creditors Defined benefit pension contnbutions Accnlais and defened inwme Accrued expeDses 450 12.083 99 1,788 54,970 6,655 880 855 86,298 101.635 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN O.YE YEAR 2022 2021 Defined benefit pension contribution$ 13. DEFINED BENEFIT PF.NSIOY SCHEME- LONG TERM LIABILITIES AND ADDITIONAL CONTRIBUTIONS A full actuarial valuation for the s¢hemc w&s orried out at 30 Sept¢mber 2020. This valuation show¢d assets of £1100.3m, liabilities of £831.9m and a dcficit of £31.6m. To eliminate this fijnding shortfall, thc Trustee has asked hL parti¢ipatinLI employers to pay additionai contTibuii0tt5 to the sch¢m¢ as follows.. D¢ficlt eontrlbutions From l April 2022 to 31 jUary 2025.. £3,312,CKX) per annum (payable monthly) Unless a Concession ha$ been 4greed with the Trnst¢e the ttrrn to 31 January 2025 applies. Not¢ that the scheme's previous valuation was CWTied out with an effeetiv¢ date of30 Septemb¢r 2017. This valuation showed a&s¢ts of £794.9m. liabilitics of £926.4m and a dcficit of £131.5m. To eliminate this fvnding Shortfall. th¢'frusie¢ has asked the partieipotin8 employers to pay additsonal contributions to thc schemc as follows.. Dellcit contribtiOns From l April 2019 to 30 September 2025.. £11.243. p¢r annum by l•/0 eaeh on 1st April) (payable monthly and Encreasing The recovery plan eontributions are allocated to eech participating employ¢r in line with their estimated share of the Serie5 1 and Series 2 sehern¢ li2bilitie5. Where the scheme is in d¢fiCit and Whe the wmpany has agreed to a defi¢it fidIng arrangement the company recognises a liability foT this obligation. The amount recognised is the net prc5¢nt value of the deficit reduction contributions payable under ihe agreement that relale5 to the deficit. The prescnt value Is calculated using thc discount rate detailed in these disclosures. The unwTMh"n8 olthe th.ount rntc is recognis¢d as a finance cost. Page 14 C4)ntinued...
HOME-STA LrrHWARK NOTES TO THE FINAPY IAL STATEI¥IEYTS- contin FOR THE YEAR ENDED 31 MARCH 2022 13. DEFINED BENEFrr PENSION SCHEME- LONG TERM LIABILITIES AND ADDrrIoNAL CONTRIBUTIONS- continued PRESENT VALUES OF PROVtSlON 31 March 2022 (£s) 31 March 2021 (£s) 31 Mawh 2020 {£s) Present valuc of provision 855 8.370 RECONCILIATION OF OPENING AND CLOSING PROVISIONS Period Ending 31 March 2022 Period nding 31 March 2021 £s Provision ai Start of period 8.370 Unwinding of th¢ diount f&dor (interest cxpensc) 187 Deficit contribution paid (1.788) (1,735) Rcmcasur¢m¢nts- impact ofany ¢han8e in &ssumption5 {20} 242 Reme4sur¢ments- am¢ndments to the ¢ontribuiion schedule (4,442) Provision at end of period 855 INCOME AND EXPENDrruRE IMPACT Period Ending 31 March 2022 (£s) Period Ending 31 March 2021 {£s} InOrest expense 187 Remeasur¢ments- impact of any changc in assumptions Remeasuremcnts- amendments 10 the COntriEtIon schedule {20} 242 (4.442) Contribuiions paid in respect of future service Costs recognid in income and eXpdituTe account in¢ludcs defined ¢¢)ntribution schernes and futttre service contributions (i.e. excluding any dcficit r¢durtion payments) to dcfined ben¢fit schemes which ar¢ treated as d¢fined contribution %hemes. To be COTnpletcd by the COTnpany. Page 15 continued...
ME-S T SOUT WARK NOTE TO THE FINAN FOR THE YEA NDED L STATEMENTS- conlled ARCH 1022 13. DEFINED BENEFIT PENSION SCHEME- LONG TERM LIABILITIES AND ADDITIONAL CONTRIBUTIOiYS- coTrtinu¢d ASSUhiPTIONS 31 March 2022 /• per annum 31 March 2021 % per annum 31 March 2020 /0 per annum R8te of discount 2.35 2.53 The discount raies Shown above are the equivalent Single diseount raies which, when us¢d to discount the future rccov¢ry plan Contributions due, would give the same results as using a full AA eorporate knnd yield curve to discount ihe sam¢ Tecovery plan contribu¢ions. Pa8e 16 ¢onttnu¢(L..
HOME4TART SOUTHWARK NOTES TO THE FINANCIAL STATEMEY R THE YF.AR ETr4DED JI MARCH 2022 Dued 14. MOVEMENT IN FUNDS N¢t movern¢nt in fid5 At 3113/22 At 114121 Unrestricted funds (ienerdl fund Designat¢d Contingency fund 170,726 (33.248) 117,478 252.526 (33,248) 219,278 Restrict funds Hotne-start UK- Pil8rtm Gr4nt Trust TOTAL FL'NDS 252.526 220.178 Net movement in funds, included in the above are as follows: Incoming resources Resources ¢xp¢nd Movemeni in fund8 UnreJtri¢ted [nd# General fund 111210 (144,458) {33,248) Restrlcted funds IJFIC - Children In Need Bi8 Lottery Fund Henry Smith Charity Unitcd St Saviours Charity Clarion5 Si George the Martyr Home-siart UK- Pilgrim Grant TNst 12,393 90,0) 60.OCI) 28.139 7,250 7,500 (12.393) (90.(A)O) (60,(M)O} (28,1391 {7,2501 (7,500) 900 206.782 205 882 TOTAL FUNDS 317992 350 340) Page 17 continued...
HOME-START soirtHW NOTES TO THE FINAliCIAL FOR THF. YEAR ENDED31 . TAT ARC EN 022 - CI)D¢iDued 14. MOVEMENT FUYDS- Cotined Compar•tives for movement ID funds Net movement in ndS At 3113121 At 114120 Unrestricted funds General fund Dcsignat¢d Contwg¢ncy fvnd 46.581 124,145 170.726 Restrlcted fuJtd$ BBC- Children In Need Big Loitery Fund United St Saviours Charity Grant for Individual Famili¢s 128.381 124.145 252.526 11,179 11.356 2.705 (11,179) (11.356) (2.705) 131) TOTAI. FUNDS 154752 252 526 Compardtiv• nei movem¢nl in fund5, ineluded in the abov¢ are as follows.. Incoming resources Resourc¢s cxpended Movemenl in funds Unrestricted f*ndJ General fund 132.034 (7,889) 124,145 Restricted fuThds BBC.- Children In Need Big l.ottery Fund Henry Smith Charity United St Saviour5 Charity C1n$ Grant for Individual Families London Fundcr8 City Bridge'l'rust St George ihc Martyr Swire 41.416 88,232 40,¢XKI 33,169 (52,595) (99,588) (40.(XK)} (35,8741 (4,0(Xl) (11,1791 {11,356) (2,705) 31.440 38.601 2.5 {31.440} (38,601) (2,5(K)) 285 191 311562 TOTAL FUNDS 417.225 319451) Pag¢ 18 continued...
HOME-START SOUTHWARK NOTE8 TO THF. FIYANCIAL ST.4TF.iIIF.NTS- Contin FOR THE YEAR ENDED 31 [ARCH 2022 14. MOVEMENT IN FUNDS- CODtinued The purpose of each restricted fund was as follows". BBC CtN - Main gram to fund whole salary of Bump to Babe Coordinator and 10 hours of Child Development Prdctitioner BBC CIN small grdrtts ContrÈbution towards staffin8 Costs of an existing Lewisham Family Support Coordinator (grant agreement signed in February 2022. payment received 14th March 20221 The National Lottery Community Fund Contribution - ts)wards core ort families at homes (interim payment due io suspension of national 8rat)ts programme) Henry Smith- J year grant.. Cot)tribuiion towards core cosL gjpport families at homes United St Saviours - 3 year grant: To support Family Support 81 Home and Mellow Parentin8 PTogr&mme. In Septcmber 2020. USS converted the grani io unrestricted with effea from 14 July 2020. United St Saviours Southwark Community Chrisknas Grant towards familS cvcnts and cxp¢ricnce8 - cOnnted at ChTiStmas HS UK Growth Fund- ATbuthnots- To support th¢ expansion of Hom¢-St8rt service dcliv¢ry. and the requircd infrastDJc¢urc, into the London borough ofLcwisham. St Gwrge MaTW- Contribuiion towards the co*s of parental support services within St George Munyvs area ¢)f b¢ncfiL Clarions Funding iowards ¢or¢ costs. WPPQrt for vuln¢r¥bl¢ families ai home, building operational r¢lationships in Southwark 4TKI L¢wi5ham. promoting family well1n8 4nd resilien¢¢. 15. RELATED PARTY DISCLOSURES Ther¢ were no related party transactions forth¢ year ended 31 March 2022. Pag¢ 19
ME-START SO DETAILED STATEI¥IE.NT OF FINA.NCJAL ACTIVITIES FOR THE YEAR EIND .NIARCH 21122 2022 2021 INCOME AND ENDOWMENTS Donations and leERcAei Donations Gift aid 53,168 1,728 94.792 762 54,896 95,554 Charitable #ctlvltl Grdnt$ 263.096 322,096 O¢heT income A¢tual 8ains on defined benefit pensiotk schemes Total ineomlng resourc 317.992 417,225 EXPENDITURE Charitable aetivltles Staff Salanes & Consultant F¢¢s Dircct fxpcnscs 297.693 259,661 28,642 22,205 6,181 Office Gr8nt.$ to individuals 25.056 6.379 346,161 316,689 Support eo$¢s Gnv¢rnanc¢ coJt$ Ac¢ounlancy and legal fees her 2,51)0 1,598 Total rtsources exp¢nded 350 340 319451 Net (expeThdltureyineome This page does not forn) part of the sthtutory financial statements Page 20