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2021-03-31-accounts

Home-Start North West Leicestershire

Company Limited by Guarantee

Financial Statements

For the year ended 31 March 2021

Home-Start North West Leicestershire

Financial Statements for the year ended 31 March 2021

Contents

Page
Report of the Trustees 1-5
Independent Examiners Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-14

Home-Start North West Leicestershire

Trustees Report For the year ended 31 March 2021

The trustees present their report and independently examined financial statements for the year ended 31 March 2021.

Legal and Administrative Information

Charity Name: Home-Start North West Leicestershire Charity Registration number: 1107741 Company Registration number: 05319145 Registered Office: Office 1 Measham Business Centre Measham Swadlincote Derbyshire DE12 7HZ

Directors and trustees

The members of the charitable company are its trustees for the purpose of charity law and directors for the purpose of company law and throughout this report are collectively referred to as the trustees.

Board of directors and trustees:

Executive Brian Granger Chairperson John Betteridge Treasurer Individual Members Eileen Johnson Colin Bonser Health & Safety Representative Sharon Gregory Barbara Milner Judith Pearson

Family Representative

Sarah & Ian Riddick

Volunteer Representative

Sally Holt

Statutory Representation (Non Trustees)

Cllr Roger Bayliss NWLDC

Independent Examiners:

Key Accountants Chartered Certified Accountants Office 5 The Forest Rock Offices Leicester Road Whitwick LE67 5GQ

1

Home-Start North West Leicestershire

Trustees Report For the year ended 31 March 2021

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 22 December 2004 and registered as a charity on 21 January 2005. The company is governed by its Memorandum and Articles of Association which are on public file at Companies House and also available at the registered office. The extent of each voting member's liability in the event of a winding up is limited to £1.

Organisation

The charity is organised with a management committee to oversee planning, with members of the committee being nominated as chairperson and treasurer. A salaried employee is in charge of the day to day running of the charity.

Objectives and Activities

The company's objects and principal activities are to safeguard, protect and preserve the good health both mental and physical of children, to prevent cruelty or maltreatment of children, to relieve sickness, poverty and need amongst children and to promote the education of the public in better standards of childcare within the area of North West Leicestershire.

2

Home-Start North West Leicestershire

Trustees Report For the year ended 31 March 2021

Achievements and Performance

Overview of Current Situation

This year has been a truly exceptional one as a result of the impact of the pandemic. Fortunately, due to the adaptability and commitment of our staff and volunteers Home-Start NWL has continued to operate throughout the year by optimizing opportunities using phone and internet communications supported by direct contact when government guidelines have allowed. We might not have been able to provide the level of support previously experienced, but we have made a difference.

Of the 15 families we have supported by using a short-term grant from the Big Lottery, as part of the government’s COVID support strategy, 82% reported an improvement in their mental health. Although we have been unable to operate groups as part of our MIMs Plus Project we have supported 15 families with the introduction of family support volunteers. The number of families receiving intervention from the Active Families scheme has remained constant during the year as it was decided to extend the support to the families we were working with at the beginning of the pandemic and engage with new referrals after the relaxation of restrictions on sporting activities.

Our key income sources during this financial year have been the MIMs Plus Project which is funded by The Big Lottery, our participation in the Leicestershire Active Families Project and we have also received grant funding from the government as part of their COVID support funding. Our Charity Shop situated at Rushton’s Yard in Ashby de la Zouch has of course been closed for parts of the last year, whenever non-essential retail was closed due the pandemic. The shop staffed mainly by volunteers has opened as usual at other times within the COVID secure guidelines. The charity has also received a number of smaller gifts and grants for which we are very grateful.

The Trustees are extremely grateful to Pam, Anita and Clare, our core staff group, for their hard work providing support and guidance to the volunteers in the scheme. They are always very willing to work with commitment and flexibility to ensure the best outcomes for the families we support.

The Trustees would like to express their sincere gratitude to all of the volunteers who have continued to offer their support to families in these very difficult times. We also welcome our five new volunteers who have been recruited and trained during the year.

Service

We are confident that we provide a high standard of service to the families that we support as we have a robust system of reviewing our work and tools to measure the progress of families. Staff will continue to recruit, train and support volunteers to be matched with families. The Active Families initiative has allowed us to expand the range of families that we support to include children from a higher age range with a different array of challenges.

Financial Situation

The charity has an excess of expenditure over income in the financial year 2020/21 which has resulted in a small deficit in the overall charity funds for the period. The overall reserves remain at a sufficient level to meet the Charity Commission guidelines.

Looking forward into 2021/22 the our income sources at present are relying on the funds received from the Active Families initiative and The Big Lottery MIMs Plus Project. The charity will continue to explore new financial sources of support for our activities.

3

Home-Start North West Leicestershire

Trustees Report For the year ended 31 March 2021

Trustee Activities during 2020/21

We have a group of seven Trustees who have continued their meetings by the use of Zoom during this year in order to ensure the governance of the charity.

Trustees review all policies and procedures on a planned basis, having due regard to advice provided by Home-Start UK.

Trustees have individual areas of responsibility for example Health & Safety and Safeguarding.

Trustees provide oversight and support for staff, as well as encouraging their personal development.

We receive Health and Safety Reports at each Trustee meeting and note that we have had no reportable accidents.

Trustees Aims for 2021/2022

We will:

The Trustees acknowledge that the continuing national emergency will have a significant impact on the work of the charity and its finances. The Trustees are committed to continuing to offer our services in the most appropriate manner commensurate with the safety of our volunteers and staff.

Public Benefit

The Trustees have had due regard of the Charity Commission’s guidance on public benefit and can confirm that our operations are in accordance with the guidance.

4

Home-Start North West Leicestershire

Trustees Report For the year ended 31 March 2021

Trustees' responsibilities for the financial statements

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees should follow best practice and:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustees on …………………

Signed on behalf of the trustees

Brian Granger (Trustee and Chairperson)

John Betteridge (Trustee and Treasurer)

5

Home-Start North West Leicestershire

Independent Examiner’s Report to the Trustees of Home-Start North West Leicestershire

We report to the charity trustees on the examination of the accounts of the Company for the year ended 31[st] March 2021, which are set out on pages 7 to 14.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company 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”).

We are satisfied that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination. We report in respect of our examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out our examination, we have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

We have completed our examination. We confirm that no material matters have come to our attention which gives cause to believe that:

We 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

Key Accountants

Chartered Certified Accountants

Office 5 The Forest Rock Offices Leicester Road Whitwick LE67 5GQ

Date: …………………

6

Home-Start North West Leicestershire

Statement of Financial Activities For the year ended 31 March 2021

Notes
Unrestricted
Funds
2021
£
Restricted
Funds
2021
£
Income
Donations and legacies
2,766
-
COVID Grants
-
2,007
Income from charitable activities:
2
Grants and service contracts
31,296
50,714
Income from other trading activities:
3
Shop income
4,295
-
Fundraising
-
-
Income from investments:
4
Interest received
72
-
Rental income
9,720
-
Other income:
5
-
-
Total incoming resources
48,149
52,721
Expenditure:
Costs of raising funds:
6
9,835
-
Expenditure on charitable activities:
8
36,697
55,851
Total expenditure
46,532
55,851
Net income/(expenditure) and net
movement in funds for the year
1,617
(3,130)
Transfer between funds
(3,130)
3,130
Reconciliation of funds
Total funds brought forward
165,325
-
Total funds carried forward
14
163,812
-		 Notes
Unrestricted
Funds
2021
£
Restricted
Funds
2021
£
Income
Donations and legacies
2,766
-
COVID Grants
-
2,007
Income from charitable activities:
2
Grants and service contracts
31,296
50,714
Income from other trading activities:
3
Shop income
4,295
-
Fundraising
-
-
Income from investments:
4
Interest received
72
-
Rental income
9,720
-
Other income:
5
-
-
Total incoming resources
48,149
52,721
Expenditure:
Costs of raising funds:
6
9,835
-
Expenditure on charitable activities:
8
36,697
55,851
Total expenditure
46,532
55,851
Net income/(expenditure) and net
movement in funds for the year
1,617
(3,130)
Transfer between funds
(3,130)
3,130
Reconciliation of funds
Total funds brought forward
165,325
-
Total funds carried forward
14
163,812
-		 Notes
Unrestricted
Funds
2021
£
Restricted
Funds
2021
£
Income
Donations and legacies
2,766
-
COVID Grants
-
2,007
Income from charitable activities:
2
Grants and service contracts
31,296
50,714
Income from other trading activities:
3
Shop income
4,295
-
Fundraising
-
-
Income from investments:
4
Interest received
72
-
Rental income
9,720
-
Other income:
5
-
-
Total incoming resources
48,149
52,721
Expenditure:
Costs of raising funds:
6
9,835
-
Expenditure on charitable activities:
8
36,697
55,851
Total expenditure
46,532
55,851
Net income/(expenditure) and net
movement in funds for the year
1,617
(3,130)
Transfer between funds
(3,130)
3,130
Reconciliation of funds
Total funds brought forward
165,325
-
Total funds carried forward
14
163,812
-		 Total
Funds
2021
£
2,766
2,007
82,010
4,295
-
72
9,720
-
100,870
9,835
92,548
102,383		 Total
Funds
2020
£
1,809
-
60,064
5,920
-
71
7,813
-
75,677
9,239
88,468
97,707
1,617
(3,130)
165,325
163,812		 (3,130)
3,130
-
-		 (1,513)
-
165,325
163,812		 (22,030)
-
187,355
165,325

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 14 form part of these financial statements.

7

Home-Start North West Leicestershire

Balance Sheet For the year ended 31 March 2021

Notes
Fixed Assets
Tangible Assets
9
Current Assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
Net Current Assets
Net Assets
Unrestricted funds
General funds
14
Restricted funds
14
Total funds carried forward		 2021
£
11,377
98,004
109,381
2,665		 2021
£
57,096
106,716
163,812
163,812
-
163,812		 2020
£
2,963
106,353
109,316
2,903		 2020
£
58,912
106,413
165,325
165,325
-
165,325

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Approved by the trustees on ………………… and signed on their behalf by:

Brian Granger (Trustee and Chairperson)

John Betteridge (Trustee and Treasurer)

The notes on pages 9 to 14 form part of these financial statements

8

Home-Start North West Leicestershire

Notes to the financial statements For the year ended 31 March 2021

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

(a) Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.

(b) Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

(c) Grants and donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

(d) Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

(e) Fixed assets

Tangible fixed assets are valued at cost and depreciated over their estimated useful economic lives on the following basis:

Freehold property 2% per annum (straight line basis) Fixtures and fittings 25% per annum (reducing balance basis)

9

Home-Start North West Leicestershire

Notes to the financial statements For the year ended 31 March 2021

2. Income from charitable activities

Unrestricted
Funds
2021
£
Restricted
Funds
2021
£
Big Lottery
-
16,016
North West Leicestershire
District Council
19,669
-
Active Families (Sport England)
-
20,083
TNL Community Fund
-
14,615
LCFC Grant
7,667
-
Caring for Families Grant
3,960
-
31,296
50,714		 Total
Funds
2021
£
16,016
19,669
20,083
14,615
7,667
3,960
82,010		 Total
Funds
2020
£
39,203
774
20,087
-
-
-
60,064

3. Income from other trading activities

Unrestricted
Funds
2021
£
Restricted
Funds
2021
£
Shop Income
4,295
-
Fundraising
-
-
4,295
-		 Total
Funds
2021
£
4,295
-
4,295		 Total
Funds
2020
£
5,920
-
5,920

4. Income from investments

Unrestricted
Funds
2021
£
Restricted
Funds
2021
£
Interest Income
72
-
Rental Income
9,720
-
9,792
-		 Total
Funds
2021
£
72
9,720
9,792		 Total
Funds
2020
£
71
7,813
7,884

10

Home-Start North West Leicestershire

Notes to the financial statements For the year ended 31 March 2021

5. Shop income and expenses

Shop income
Shop expenses
Shop wages
Rent and rates
Light and heat		 1,175
2,263
6,000
397		 Total
2021
£
4,295
9,835
(5,540)		 Total
2020
£
5,920
76
1,737
6,000
1,426
9,239
(3,319)

6. Costs of raising funds

Unrestricted
Funds
2021
£
Restricted
Funds
2021
£
Shop expenses
1,175
-
Shop wages
2,263
-
Rent and rates
6,000
-
Light and heat
397
-
9,835
-		 Total
Funds
2021
£
1,175
2,263
6,000
397
9,835		 Total
Funds
2020
£
76
1,737
6,000
1,426
9,239

11

Home-Start North West Leicestershire

Notes to the financial statements For the year ended 31 March 2021

7. Expenditure on charitable activities

Unrestricted
Funds
2021
£
Restricted
Funds
2021
£
Wages
16,652
45,636
National insurance
1,076
-
Pension contributions
2,683
-
Expenses and travel costs
790
3,125
Rent and rates
1,814
3,001
Insurance
1,936
-
Telephone
1,341
-
Repairs and renewals
2,237
387
Home-Start UK fee
1,256
-
Legal and professional fees
1,490
-
Accountancy
648
-
Independent examination
1,380
-
Office and sundry expenses
1,578
3,702
Depreciation
1,816
-
36,697
55,851
Restricted fund costs
Covid 19
Response
£
Active
Families
(Sport
England)
£
Salaries
7,053
21,441
Expenses and travel costs
1,270
785
Rent and rates
-
-
Management
1,329
-
Equipment hire / purchase
-
387
Vol Expenses
1,765
-
Coaches fees / expenses
-
1,924
Utilities & Insurance
2,151
-
Evaluation
1,033
745
14,601
25,282		 Total
Funds
2021
£
62,288
1,076
2,683
3,915
4,815
1,936
1,341
2,624
1,256
1,490
648
1,380
5,280
1,816
92,548
MIMs
Plus
£
11,611
1,070
-
1,000
-
1,437
-
850
-
15,968		 Total
Funds
2020
£
63,182
2,199
2,689
3,365
4,320
1,611
1,207
1,397
2,100
480
648
1,380
2,043
1,847
88,468
Total
Costs
2021
£
40,105
3,125
-
2,329
387
3,202
1,924
3,001
1,778
55,851

8. Restricted fund costs

12

Home-Start North West Leicestershire

Notes to the financial statements For the year ended 31 March 2021

9. Tangible Fixed Assets

Freehold
property
Furniture &
equipment
£
£
Cost
At 1 April 2020
86,084
9,648
Additions
-
-
Disposals
-
-
At 31 March 2021
86,084
9,648
Depreciation
At 1 April 2020
27,547
9,273
Disposals
-
-
Charge for the year
1,722
94
At 31 March 2021
29,269
9,367
Net book value at 31 March 2021
56,815
281
Net book value at 31 March 2020
58,537
375
10.
Debtors
2021
£
Accrued income
8,659
Prepayments
2,718
11,377
11.
Creditors: amounts falling due within one year
2021
£
PAYE
1,262
Accrued expenses
1,403
Income received in advance
-
2,665		 Freehold
property
Furniture &
equipment
£
£
Cost
At 1 April 2020
86,084
9,648
Additions
-
-
Disposals
-
-
At 31 March 2021
86,084
9,648
Depreciation
At 1 April 2020
27,547
9,273
Disposals
-
-
Charge for the year
1,722
94
At 31 March 2021
29,269
9,367
Net book value at 31 March 2021
56,815
281
Net book value at 31 March 2020
58,537
375
10.
Debtors
2021
£
Accrued income
8,659
Prepayments
2,718
11,377
11.
Creditors: amounts falling due within one year
2021
£
PAYE
1,262
Accrued expenses
1,403
Income received in advance
-
2,665		 Freehold
property
Furniture &
equipment
£
£
Cost
At 1 April 2020
86,084
9,648
Additions
-
-
Disposals
-
-
At 31 March 2021
86,084
9,648
Depreciation
At 1 April 2020
27,547
9,273
Disposals
-
-
Charge for the year
1,722
94
At 31 March 2021
29,269
9,367
Net book value at 31 March 2021
56,815
281
Net book value at 31 March 2020
58,537
375
10.
Debtors
2021
£
Accrued income
8,659
Prepayments
2,718
11,377
11.
Creditors: amounts falling due within one year
2021
£
PAYE
1,262
Accrued expenses
1,403
Income received in advance
-
2,665		 Freehold
property
Furniture &
equipment
£
£
Cost
At 1 April 2020
86,084
9,648
Additions
-
-
Disposals
-
-
At 31 March 2021
86,084
9,648
Depreciation
At 1 April 2020
27,547
9,273
Disposals
-
-
Charge for the year
1,722
94
At 31 March 2021
29,269
9,367
Net book value at 31 March 2021
56,815
281
Net book value at 31 March 2020
58,537
375
10.
Debtors
2021
£
Accrued income
8,659
Prepayments
2,718
11,377
11.
Creditors: amounts falling due within one year
2021
£
PAYE
1,262
Accrued expenses
1,403
Income received in advance
-
2,665		 Total
£
95,732
-
-
95,732
36,820
-
1,816
29,269
56,815
58,537		 9,367
281
375
2021
£
8,659
2,718
11,377
2021
£
1,262
1,403
-
2,665		 38,636
57,096
58,912
2020
£
-
2,963
2,963
2020
£
1,274
1,629
-
2,903

12. Trustee Remuneration and Related Party Transactions

No trustees received any remuneration during the year.

No trustees received any reimbursements of expenses during the period.

13

Home-Start North West Leicestershire

Notes to the financial statements For the year ended 31 March 2021

13. Taxation

As a registered charity, the company does not pay tax on the results of its activities.

14. Movements in Funds

Restricted Funds:
Total Restricted
Unrestricted
Funds:
General fund		 At 1
April
2020
£
Incoming
Resources
£
Outgoing
Resources
£
Transfers
£
-
52,721
(55,851)
3,130
165,325
48,149
(46,532)
(3,130)
165,325
100,870
(102,383)
-		 At 31
March
2021
£
-
163,812
163,812

14