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2022-03-31-accounts

Company registration number: 05299096 Charity registration number: 1107504

Home-Start South Leicestershire

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2022

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Home-Start South Leicestershire

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10 to 11
Balance Sheet 12
Notes to the Financial Statements 13 to 26

Home-Start South Leicestershire

Reference and Administrative Details

Trustees Margaret Kallow, Chair John Philip Day, Interim Treasurer Judith Ann Hartland, Vice Chair Keith Leonard Chaffer, Individual Member Darren Carter Laura Wilding Alison Dyke Lauren Jeffery Rebecca Rusch Secretary Erika Lucas Senior Management Stella Renwick, Charity Development Manager Registered Office 121 Coventry Road Market Harborough Leicestershire LE16 9BY Company Registration Number 05299096 Charity Registration Number 1107504 Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

Home-Start South Leicestershire

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees Margaret Kallow John Philip Day Judith Ann Hartland Keith Leonard Chaffer Laura Wilding (from 07/09/2021) Rebecca Rusch (from 07/12/2021) Lauren Jeffery (from 07/12/2021) Alison Dyke (from 25/01/2022) Darren Carter (from 15/03/2022) Deborah Bennett (until 21/04/2022) Clare Lucy Bottle (until 25/01/2022) Karen Ford (until 17/05/2021) Carla Joanne Jooste (until 26/11/2021) Zoe Louise Ridley (until 25/01/2022)

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 21/08/2004. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and appointment of trustees

Home-Start South Leicestershire has a Trustee Recruitment Procedure which outlines the process by which Trustees are recruited and appointed. Recruitment is by both advertisement and recommendation. Selection is conducted after submission of a CV with an accompanying personal statement relating to their motivation for becoming a Trustee with our charity and confirmation of 2 referees who may be contacted if the application is successful at the initial stage. Checks are also made at this stage against the Insolvency Service, Companies House and the Charity Commission for any disqualification records. Additional checks are made of any other charities the applicant declares an involvement with.

An informal discussion with the Charity Development Manager and Chair is the next step. Following this, guest attendance at a Board meeting is required. At this stage, if the prospective trustee is willing to continue with their application, a decision to accept or decline the application will be made by the existing Board members in private. A consensus decision is preferred, but a majority vote may be used. Appointment is then subject to appropriate DBS check at enhanced level for working with children, receipt of two suitable references, and completion of the Trustee Eligibility Declaration.

Page 2

Home-Start South Leicestershire

Trustees' Report

Objectives and activities

Objects

The formal objects of the Charity are:

Objectives, strategies and activities

Home-Start South Leicestershire is a voluntary organisation committed to promoting the welfare of families with young children.

Volunteers and staff work with families under stress to offer regular support, guidance, and practical help, much of which is delivered within families’ own homes or within the local community.

The provision aims to reduce family stress, protect the welfare of children, and prevent family breakdown. Our main activities include:

In addition, we recruit, train and support a large team of volunteers who are central to some of these activities, and provide invaluable additional support to other activities.

Public benefit

All our services for children and families are delivered free of charge to them, and we follow an outcomes framework incorporated into our Theory of Change model to explain our principles of delivery, and the benefits of our projects and services to enhance the lives of families facing a range of difficulties who live within Harborough District. We also have an established Outcomes Measurement Framework through which we record and report on how we recognise when these benefits have been achieved.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 3

Home-Start South Leicestershire

Trustees' Report

Chair's Report

One thing I am certain of as I write this report is that Home Start is needed more than ever. Families are facing challenges not seen since the 1980s. We are having to learn to live with Covid, the economic situation is precarious, and inflation is soaring. Fuel poverty and the effects of climate change are causing real anxieties. We have a war underway in Europe and a refugee crisis. Not surprisingly mental health problems are affecting all age groups. Yet in amidst all this dark news I see the steady, dedicated work of our volunteers and staff each day making a difference to the lives of individual families in our area. From the Crocheted Christmas Tree which cheered the centre of Market Harborough, the deliveries of food and essentials to families facing shortages, the virtual online support groups, the activities in the local parks and in the garden at 121, the matched volunteer visits or Coordinator support through our four ongoing Projects or the listening ear on a phone. Each small intervention makes someone’s day that much better.

`Life doesn’t get easier or more forgiving, we get stronger and more resilient - Steve Maraboli, wrote in ‘Life the Truth and Being Free’

Thanks to the dedication and hard work of Stella and her team, with the support of the Trustee board we are learning and planning as a charity to be resilient in the midst of change. The last year has been a roller coaster of emotions as staff struggled with working in isolation, but we are back with a new hybrid working pattern and we have been looking out for each other’s well-being.

We have seen some long-term funders reduce their support, but new funders have responded, and we are still financially sound and have not had to make any redundancies.

The Active Families Project will come to a successful end in the Summer, but we are starting a new project called Play-Full Families. Long serving trustees have stood down but we have recruited fresh new talent to the board. We said goodbye to our beloved Senior Coordinator Jo but ‘Hello’ to our new and very able Julie. We had to cancel our Volunteer Christmas Lunch due to Covid, but had a lovely brunch event in the garden of 121 in March instead and are planning a Platinum Jubilee Celebration of Commitment for volunteers in Volunteers’ Week in June 2022.

As we move into another year, we do not know what further challenges we will face but together we will remain confident and strong to work through tough times.

Achievements and performance

We continue to receive referrals from health visitors, family practitioners, other agencies, and from families themselves for our projects:

The Family Know-How Project - This project’s key aim is to support families with complex needs who need support to understand and develop healthy family lifestyles & routines which ensure their children have the best opportunities to thrive physically and emotionally.

The Family Post Natal Illness Project - This project is focused on those families where there is a suspected or diagnosed Post Natal Illness concern relating to one of the main care givers in the family.

The Young Parents Project - This provides support to young parents (under 21 years) with at least one child under 5 years in need of additional support.

The Active Families Project - This aims to increase the level of family physical activity enjoyed together by families referred to the project only from the Leicestershire County Council ‘Children and Families Wellbeing Service’.

Page 4

Home-Start South Leicestershire

Trustees' Report

“The Connect Toolbox”

As the Covid-19 pandemic concerns continued throughout 2021, we had to continue to adapt and remain flexible with our service delivery. All our usual large face to face Family Group support sessions had been halted since mid-March 2020. Due to the vulnerability of some families attending with mental and/or physical health concerns, and the fact that the groups are for both children and parents, our risk assessment recognised the need to continue the hiatus in this provision.

We did expand from our ‘Family Connect Project’ in 2020, which was primarily doorstep visits and phone call/virtual calls, to broaden the range of ways in which we supported families, whilst still maintaining safety, and balancing this carefully with staffing capacity. We called this our ‘Connect Toolbox’. The aim was for every family to receive at least one type of response from the options we could safely deliver alongside on-going general case-work support from a Coordinator.

Throughout 2021-22 our ‘Connect Toolbox’ contained the following elements:

• Home-Visiting Volunteer Support

Outdoor visits and garden visits have taken place throughout the year. In addition, where a risk assessment identified it safe to do so, and with sufficient hygiene and ventilation measures in place, some families received visits in the home due to their, or their children’s needs.

• Door Step Visits and Goods Deliveries

We continued to deliver many essential items to families throughout the year from the food banks, hygiene bank, and donations of items including Christmas gifts through Toys on the Table, knitted teddies from the Market Harborough Mothers’ Union and children’s comforter/baby quilts from the Linus Project. In addition, our current partnership with John Lewis/Waitrose, initiated through Home-Start UK has meant that some families have benefited from a personal shopper at the Leicester store to supply them with new, winter clothes for all the family, and many others have benefited from new kitchen equipment and other household items donated by John Lewis.

• Courses for Parents

Both the Post Natal Illness courses and the Family Know-How courses continued to be delivered virtually and remotely respectively. There have continued to be positive outcomes from these changes. More families have been able to attend the Post Natal Illness course because it is virtual, and families receiving packages of ingredients and kitchen equipment for the Family Know-How course have been able to repeat the meals learned each week several times. There has been excellent feedback through the What’s App group with this course, with families sharing their successes and encouraging each other.

• Outdoor Groups

During the early summer group sessions were organised in local parks, with snacks, activities and playmats brought out weather permitting. These presented new challenges in terms of confidentiality and environment management (dogs mainly) but were very much enjoyed by families.

• Push and Play Sessions

As the weather became more autumnal, we commenced Push and Play sessions, where parents would meet up in a local park for an arranged nature walk with babies and children in buggies or walking alongside whilst chatting with other parents and staff and volunteers.

Page 5

Home-Start South Leicestershire

Trustees' Report

• Virtual Group Drop-In Support

After the autumn half term, as outdoor activities were hampered by weather conditions which put families off attending, we started our virtual group support using Zoom. These were advertised to all the families we were supporting to give them the opportunity to drop in for support and advice from the staff or to gain peer support from other parents attending.

• Buddying Service

This service was started in 2020 and continued to be a useful resource where families with something in common would be invited to buddy together for meet ups or phone contact, with staff ensuring the relationships were mutually beneficial. This helped a small number of families where this was possible but with excellent results.

• On-line Support and Information

Our team continued to deliver on-line support primarily through Facebook with activity ideas and sources of support regularly posted. Our family engagement through Facebook has continued to increase. Additional song-time and story-time videos were created this year and shared from our YouTube channel.

Volunteer Involvement

The Covid pandemic restrictions, and concerns continued to have an impact on our volunteer team in 2021-22. However, despite this there continued to be a significant level of volunteer involvement within Home-Start South Leicestershire with successful recruitment of an additional 7 volunteers in autumn 2021. At the end of 2021-22 we had 27 active family support volunteers (with an additional 16 temporarily “resting” due to temporary personal commitments elsewhere), 9 Trustee volunteers (with 2 pending co-option), and 9 additional volunteers in non-family support roles. A new training course for Family Support Volunteers commenced in May 2022 with 8 new recruits.

We do not anticipate any significant issues for our organisation in the coming year (2022-23). We can report that we have restarted our large group provision post Easter 2022, and are conducting more indoor home-visits, subject to ongoing monitoring of the covid-19 situation. We are now able to extend our Young Parents’ Project to the end of 2022 and have replaced our Active Families Project, which came to an end this year, with the Play-Full Families Project, thanks to a successful National Lottery Community Fund Award in May 2022. This new project will commence in July 2022.

Page 6

Home-Start South Leicestershire

Trustees' Report

Treasurer's Report

Financial review

I’m delighted to present my Treasurer’s report for Home-Start South Leicestershire for the period from 1st April 2021 until 31st March 2022, a year when the continuation of the Covid-19 pandemic affected our Charity and the families living within the Harborough District.

It has continued to be a challenging year for the fundraising of the charity, with plans requiring regular alteration and adjustment following key funders announcing temporary closures of their usual grant programmes. This alongside extremely high competition for funds and oversubscription resulting in limited chance of success being a continuing problem.

As a result, our income continued to be made up of a wide range of grants and donations. Most notable were grants from Lloyds Bank Foundation, Market Harborough & The Bowdens Charity and Sport England, with additional support from Harborough District Council and Leicestershire County Council, all of which enabled the continuation of the vital projects in place - the ‘Family Know How’ and ‘Family Post Natal Illness’ projects, as well as the Young Parents and Active Families Projects. In addition, in the later part of the year, donations through community fundraising were high. For example, a local community group of crochet enthusiasts in the town of Market Harborough selected our Charity for their Christmas Crochet Tree Appeal which successfully raised funds of £1,149. Dan Fordham Tree Care raised over £2,000 for us through their Christmas Tree shredding service, and Lutterworth High School Montgomery House raised over £1,200 in a week of fundraising activities. Total income for the year was £213,899 and I would very much like to thank all the funders, volunteers and donors for their support to achieve this.

Our accounts show a deficit of £(11,597) for the year which is after the inclusion of depreciation on our premises and other assets and includes a planned premises renovation spend of £10,000 from designated reserves. Despite this deficit, our free (unrestricted) reserves are maintained at around 6 months’ worth of our total budgeted expenditure for 2022/2023, as per our Reserves Policy, at over £106,000 at the end of March 2022. So, a secure position to be in on entering 2022-23 to enable us to be confident of another year’s continuation of services.

I would like to take this opportunity to thank our Temporary Finance Manager, Jonathan Smurthwaite for his dedication to our Charity over the past months during the maternity leave of Charlotte Sandford. We thank Jon for all his continued work and look forward to welcoming Charlotte back in due course. I also want to thank Stella Renwick, our Charity Development Manager, and Elizabeth Keenan our Fundraising Assistant for their continuing success in ensuring we meet our financial targets despite ongoing intense competition for funding, continued sparseness of statutory sources of income, and the cost of living strains on our individual donors.

Policy on reserves

The Trustees review the charity’s need for reserves regularly, in line with guidance issued by the Charity Commission and Home-Start UK. We have agreed that funds should be set aside (these are free reserves, which exclude both restricted funds that we have been given for a specific purpose, our designated funds and the value of our fixed assets, such as the property we own and our office equipment) to cover at least 6 months of future ongoing resources expended, excluding the costs of any short term projects.

I am pleased to report that our free reserves ended the year at just over £111,000.

Rebecca Rusch, Treasurer

Page 7

Home-Start South Leicestershire

Trustees' Report

Investment policy and objectives

Any surplus funds are held in our current account or in interest bearing investment accounts, and the interest earned in these accounts is used in the furtherance of our charitable activities. The Trustees discuss and agree the most appropriate accounts for investing our reserve funds, to ensure we maximise the interest we earn on our reserves at minimal risk to the charity.

The Trustees also examine the major strategic business and operational risks which the charity might face in the next two to three years and confirm that systems have been established to enable regular reports to be produced for the Board of Trustees so that necessary steps can be taken to eliminate, lessen or insure against these risks. As part of these regular reviews the charity holds a strategic planning meeting with Board members, staff and volunteers, reviewing the charity’s performance and future challenges and setting out our longer term goals for the next three years, including our targets for fund raising.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Home-Start South Leicestershire for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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.

25/08/2022

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Margaret Kallow Chair

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Page 8

Home-Start South Leicestershire

Independent Examiner's Report to the trustees of Home-Start South Leicestershire

Independent examiner’s report to the trustees of Home-Start South Leicestershire ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022.

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

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 that in any material respect:

  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.

......................................

John O'Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

25/08/2022 Date:.............................

Page 9

Home-Start South Leicestershire

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
£
68,384
118
2,018
1,026
71,546
(58,109)
(58,109)
13,437
(18,182)
(4,745)
271,825
267,080		 Restricted
£
-
142,353
-
-
142,353
(167,387)
(167,387)
(25,034)
18,182
(6,852)
27,545
20,693		 Total
2022
£
68,384
142,471
2,018
1,026
213,899
(225,496)
(225,496)
(11,597)
-
(11,597)
299,370
287,773		 Total
2021
£
52,660
172,035
1,509
1,352
227,556
(218,637)
(218,637)
8,919
-
8,919
290,451
299,370

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for the period is shown in note 16.

The notes on pages 13 to 26 form an integral part of these financial statements. Page 10

Home-Start South Leicestershire

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

These are the figures for the previous accounting period and are included for comparative purposes

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
52,660
11,263
1,509
1,352
66,784
(45,087)
(45,087)
21,697
800
22,497
249,328
271,825		 Restricted
funds
£
-
160,772
-
-
160,772
(173,550)
(173,550)
(12,778)
(800)
(13,578)
41,123
27,545		 Total
2021
£
52,660
172,035
1,509
1,352
227,556
(218,637)
(218,637)
8,919
-
8,919
290,451
299,370

The notes on pages 13 to 26 form an integral part of these financial statements. Page 11

Home-Start South Leicestershire

(Registration number: 05299096) Balance Sheet as at 31 March 2022

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
12
Creditors: Amounts falling due within one year
13
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
16
Unrestricted income funds
Unrestricted funds
Total funds
16		 2022
£
145,387
20,544
215,679
236,223
(93,837)
142,386
287,773
20,693
267,080
287,773		 2021
£
147,689
7,052
214,819
221,871
(70,190)
151,681
299,370
27,545
271,825
299,370

For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 10 to 26 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: 25/08/2022

......................................... Rebecca Rusch Treasurer

The notes on pages 13 to 26 form an integral part of these financial statements. Page 12

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Home-Start South Leicestershire 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 notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Exemption from preparing a cash flow statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 13

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Pensions

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or 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 charitable purposes.

Page 14

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is calculated so as to write off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class Depreciation method and rate Freehold buildings 2% per annum on cost 25% per annum on reducing balance Fixtures and fittings (fully depreciated when NBV falls to £10 or below)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 15

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

2 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts
and similar proceeds
Grants, including capital grants;
Government grants		 Unrestricted funds
Designated
£
General
£
1,209
46,885
-
20,290
1,209
67,175		 Total
2022
£
48,094
20,290
68,384		 Total
2021
£
34,260
18,400
52,660

3 Income from charitable activities

Sales & fees
Room hire
Sundry receipts
Grants and donations		 Unrestricted
funds
General
£
100
-
18
-
118		 Restricted
funds
£
-
-
-
142,353
142,353		 Total
2022
£
100
-
18
142,353
142,471		 Total
2021
£
10,819
396
48
160,772
172,035

Page 16

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

4
Grants & donations
Unrestricted Restricted
funds funds Total
£ £ £
Market Harborough and The Bowdens Charity - 40,000 40,000
Lloyds Bank Foundation for England and Wales - 24,562 24,562
Leicestershire CC – Sport England Families Fund - 18,883 18,883
Leicestershire Police & Crime Commissioner
Prevention Fund - 9,515 9,515
Leicestershire CC Food & Essential Supplies
(DEFRA) - 8,184 8,184
Lutterworth Area Community Fund - 7,960 7,960
Cross Counties Healthcare PCN Transformation Fund - 7,500 7,500
Leicestershire CC Household Support Fund - 7,500 7,500
Home-Start UK – JLP Super Charged Communities - 5,766 5,766
Home-Start UK – JLP Caring for Families During
Covid - 3,960 3,960
Leicestershire & Rutland Community Foundation –
John Salmon Fund - 3,000 3,000
The Arnold Clark Community Fund - 2,000 2,000
Home-Start UK – LCFC Chairman’s Fund 1,666 1,334 3,000
Platform Housing Ltd – Community Chest - 1,000 1,000
Co-op Group Local Community Fund - 689 689
Magic Little Grants – Postcode Community Trust - 500 500
Garfield Weston Foundation 15,000 - 15,000
Harborough District Council 10,000 - 10,000
Leicestershire CC Community Fund 10,000 - 10,000
Masonic Charitable Foundation 5,000 - 5,000
Samworth Foundation 5,000 - 5,000
Leicestershire & Rutland Community Foundation
Brucciani Fund 3,000 - 3,000
Dan Fordham Tree Care 2,101 - 2,101
The Paget Trust 2,000 - 2,000
Mary Robertson Trust 2,000 - 2,000
Harborough District Council – Therapeutic Play
Training 1,209 - 1,209
Little Bowden Bowling Club 1,176 - 1,176
CLA UK Limited 1,000 - 1,000
Hastings Direct 1,000 - 1,000
The Harborough District Business Awards 583 - 583
The J R Corah Foundation 500 - 500
Punch Communications 500 - 500
Waitrose – Community Matters 500 - 500
Job Retention Scheme Grant 290 - 290

Page 17

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

Masonic Golf
Sundry donations
5
Income from other trading activities
Local fundraising and street collection income
6
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
£
200
5,659
68,384
Unrestricted
funds
General
£
2,018
2,018
Unrestricted
funds
General
£
1,026		 Restricted
funds
£
-
-
142,353
Total
funds
£
2,018
2,018
Total
2022
£
1,026		 Total
£
200
5,659
210,737
Total
2021
£
1,509
1,509
Total
2021
£
1,352

Page 18

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

7 Expenditure on charitable activities

Premises, Office &
Admin Costs
Depreciation
Home-Start UK
contribution
Staff costs
Volunteer costs
Wages, NI & pension
Bank charges
Activity, Group &
Family costs
Governance costs
Cleaning
Equipment, repairs &
renewals
Fundraising costs
Legal & professional
Insurance
IT
Rent & rates
Utilities
Sundry expenses		 Unrestricted
General funds
£
1,709
-
1,310
2,643
518
25,135
31
65
60
2,076
3,283
39
215
438
2,745
1,207
1,026
-
42,500		 Unrestricted
Designated
funds
£
Restricted funds
£
-
112
2,302
-
-
3,274
75
7,753
439
1,890
-
138,069
-
-
476
14,071
-
-
-
-
12,191
-
-
-
-
805
-
1,029
126
223
-
-
-
-
-
161
15,609
167,387		 Total
2022
£
1,821
2,302
4,584
10,471
2,847
163,204
31
14,612
60
2,076
15,474
39
1,020
1,467
3,094
1,207
1,026
161
225,496		 Total
2021
£
8,816
9,657
3,715
6,887
1,068
167,650
68
8,394
-
915
3,226
19
1,980
1,424
1,694
1,192
1,320
612
218,637

Page 19

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

8 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2022
£
146,268
5,516
11,420
163,204		 2021
£
150,342
5,799
11,510
167,651

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2022
No
10		 2021
No
10

10 (2021 - 10) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £11,420 (2021 - £11,510).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £33,598 (2021 - £36,474).

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

Page 20

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

10 Tangible fixed assets
Cost
At 1 April 2021
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
11 Debtors
Trade debtors
Prepayments
12 Cash and cash equivalents
Cash on hand
Cash at bank
13 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Deferred income		 Land and
buildings
£
195,081		 Other tangible
fixed asset
£
43,236
43,236
34,063
2,302
36,365
6,871
9,173
2022
£
20,000
544
20,544
2022
£
258
215,421
215,679
2022
£
15,802
1,238
76,797
93,837		 Other tangible
fixed asset
£
43,236
43,236
34,063
2,302
36,365
6,871
9,173
2022
£
20,000
544
20,544
2022
£
258
215,421
215,679
2022
£
15,802
1,238
76,797
93,837		 Total
£
238,317
238,317
90,628
2,302
92,930
145,387
147,689
2021
£
-
7,052
195,081 43,236
56,565
-		 34,063
2,302
56,565 36,365
138,516 6,871
138,516 9,173
2022
£
20,000
544
20,544
2022
£
258
215,421
215,679
2022
£
15,802
1,238
76,797
93,837
7,052
2021
£
119
214,700
214,819
2021
£
18,462
-
51,728
70,190

Page 21

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

14 Obligations under leases and hire purchase contracts

The total value of future minimum lease payments was as follows:

The total value of future minimum lease payments was as follows:
Within one year
In two to five years		 2022
£
(116)
-
(116)		 2021
£
(465)
(116)
(581)

15 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

Page 22

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

16 Funds

Unrestricted funds
General
General
Designated
Building/Garden -
Maintenance & Repair
Tech IT - Hardware &
Software Updates
Environmental Action Plan
Improvements
Training
Volunteer Training
Building and equipment
(FA)
Total unrestricted funds
Restricted funds
All Projects
Active Families Project
FKH Project
FKH Project - Market
Harborough Area
FKH Project - Lutterworth
FKH Project - Course
PNI Project
PNI Project - Home Visiting
PNI Project - Market
Harborough Area
Young Parents Project
Play-Full Families Pilot
Watch Me Play Pilot
Family Fund
IT, phone, software &
licensing
Total restricted funds
Total funds		 Balance at 1
April 2021
£
111,022
6,892
810
4,512
-
900
147,689
160,803
271,825
-
1,500
-
5,226
-
3,414
1,196
500
3,558
9,042
-
-
2,886
223
27,545
299,370		 Incoming
resources
£
70,337
-
-
-
-
1,209
-
1,209
71,546
13,475
18,883
2,000
20,000
7,960
8,873
-
1,000
20,000
24,562
7,500
8,766
9,334
-
142,353
213,899		 Resources
expended
£
(42,500)
(6,892)
(810)
(4,511)
-
(1,094)
(2,302)
(15,609)
(58,109)
(2,293)
(26,837)
(4,363)
(23,086)
(7,913)
(10,445)
(4,250)
(20,425)
(11,728)
(28,661)
(7,500)
(8,766)
(10,897)
(223)
(167,387)
(225,496)		 Transfers
£
(32,302)
4,366
2,101
8,259
409
(1,015)
-
14,120
(18,182)
(9,515)
8,169
3,363
(2,140)
-
2,209
3,054
18,925
(11,830)
5,947
-
-
-
-
18,182
-		 Balance at
31 March
2022
£
106,557
4,366
2,101
8,260
409
-
145,387
160,523
267,080
1,667
1,715
1,000
-
47
4,051
-
-
-
10,890
-
-
1,323
-
20,693
287,773

Page 23

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

The transfer from the All Projects fund to the FKH, PNI, Active Families and Young Parents funds relates to Family Connect Project activities.

The transfer from the FKH Project - Market Harborough Area fund to the FKH Project - Course fund relates to activites that are mutual to these two funds.

The transfer from the PNI Project – Market Harborough Area fund to the PNI Project - Home Visiting fund relates to activites that are mutual to these two funds.

The transfer from the General and designated funds to the various designated and restricted funds is to cover the deficit on their respective activity as well as a reallocation of funding.

The specific purposes for which the funds are to be applied are as follows:

Page 24

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

Unrestricted funds
General
General
Designated
Building/Garden -
Maintenance & Repair
Tech IT - Hardware &
Software Updates
Environmental Action Plan
Improvements
Volunteer Training
Building and equipment
(FA)
Total unrestricted funds
Restricted
All Projects
Active Families Project
FKH Project
FKH Project - Market
Harborough Area
FKH Project - Course
PNI Project
PNI Project - Home Visiting
PNI Project - Market
Harborough Area
Young Parents Project
Family Fund
IT, phone, software &
licensing
Home Safety Equipment
Project
Training
Family Connect Project
Total restricted funds
Total funds		 Balance at 1
April 2020
£
97,976
-
-
-
-
151,352
151,352
249,328
8,829
5,634
-
-
4,016
6,417
500
-
12,603
955
-
2,132
37
-
41,123
290,451		 Incoming
resources
£
45,934
13,900
1,538
4,512
900
-
20,850
66,784
5,375
12,116
37,178
36,942
714
2,000
-
3,558
14,520
5,494
9,775
-
100
33,000
160,772
227,556		 Resources
expended
£
(27,694)
(7,008)
(728)
-
-
(9,657)
(17,393)
(45,087)
(13,404)
(16,250)
(37,178)
(31,716)
(1,316)
(7,221)
-
-
(18,081)
(3,563)
(9,552)
(2,132)
(137)
(33,000)
(173,550)
(218,637)		 Transfers
£
(5,194)
-
-
-
-
5,994
5,994
800
(800)
-
-
-
-
-
-
-
-
-
-
-
-
-
(800)
-		 Balance at
31 March
2021
£
111,022
6,892
810
4,512
900
147,689
160,803
271,825
-
1,500
-
5,226
3,414
1,196
500
3,558
9,042
2,886
223
-
-
-
27,545
299,370

Page 25

Home-Start South Leicestershire

Notes to the Financial Statements for the Year Ended 31 March 2022

17 Analysis of net assets between funds

Unrestricted

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 General
£
Designated
£
-
145,387
200,394
15,136
(93,837)
-
106,557
160,523
Unrestricted
General
£
Designated
£
-
147,689
181,212
13,114
(70,190)
-
111,022
160,803		 Restricted
£
-
20,693
-
20,693
Restricted
£
-
27,545
-
27,545		 2022
Total funds
£
145,387
236,223
(93,837)
287,773
2021
Total funds
£
147,689
221,871
(70,190)
299,370

18 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:

Accounting Plus are analysed as follows:
Independent examination 2022
£
850
850		 2021
£
850
850

19 Taxation

The charity is a registered charity and is therefore exempt from taxation.

20 Related party transactions

There were no related party transactions in the year.

Page 26