HOME-START COLE VALLEY (A Company Limited by Guarantee) Report and Financial Statements Period ended: 31 March 2024 Charity No: l 107901 Company No: 5285171 Registered Office: Bridge House Hotel 47-49 Sherbourne Road Acocks Green Birmingham B27 6DX Tel: 0121 572 0800 Home-start Cole Valle) Legal and Administrative Information Status Home-start Cole Valley was incorporated as a company limited by guarantee and not having a share capital under the Companies Act 1985 on 12 November 2004 and registered as a charity on 2 February 2005. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles, the members of the Management Committee are elected at the Annual General Meeting. Trustees (Directors) The following served as Trustees and Directors under company law during the year. Tony Fuggle Chair (Appointed June 2023) Neisa Reid Treasurer Anthony Webster (Resigned June 2023) Noreen Bukhari (Resigned January 2024) Charanjit Phull Martine Palfrey Appointed February 2024 The charitable company has no share capital and the members of the board of trustees have no interest in its surplus or assets and receive no remuneration. Appointment of Trustees Trustees are appointed at the Annual General Meeting and must consist of a minimum of 4 trustees and not more than 12 individuals. The trustees may co-opt any person duly qualified to be appointed as a trustee but will only hold office until the next Annual General meeting. In accordance with the charitable company's Articles of Association, one third of the Trustees will retire by rotation and offer themselves for re-elettion at the Annual General Meeting. Registered Office and principal operating address Bridge House Hotel 47-49 Sherbourne Road Acocks Green Birmingham B27 6DX Bankers Independent Examiner Sally Bateman 79 Witherford Way Selly Oak Birmingham B29 4AN Lloyds TSB Poplar Road Solihull Branch 9 - I I Poplar Road Solihull West Midlands B91 3AN 311'agJe Home-start Cole Valley Financial review Income for the year was £132,027 (2023".£ 117,205) and expenditure totalled £124,285 (2023: £124,168). This has resulted in a profit for the year of £7742 12023: .£6963) net funds at 31 March 2024 of £50,858 (2023: £43,116). This includes Resen4e Funds. Plans for the future The Trustees aim to continue to Increase the organisation's reserves fund in line with the organisation's vision for the future of between 3 and 6 months working funds. Trustees Responsibilities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires trustees to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and selected suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102); make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue 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 enable them to ensure the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved the Trustees on: Signed on its behalf by: NEISA REID Treasurer 51PagJe Home-start Cole Valley BALANCE SHEET as at 31 st March 2024 2024 2024 2023 2023 Notes Flxed assets Tangible assets Current assets Debtors Cash in bank and in hand 51,106 43,716 51.106 Creditors Amount5 falling due within one year 248 Net current assets Total assets less current liabilities 50,858 43.116 Funds Unrestricted funds Designated funds Restricted funds 18,537 31,795 526 31,592 11,524 50,858 The directors have taken advantage of the Companies Act 2006 in not having these accounts audited under Section 477 (1). No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and $387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of affairs of the company as at 31 March 2020 and of its profit for the year then ended in accordance with the requirements of s396 and which comply with the requirements of the Act relating to the accounts so far as applicable to the company. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies Subject to the small companies regime. Signed and approved on behalf of the Board: Direttor:... Neisa Reid Treasurer Date.. Home-start Cole Valley Notes to the financial statement continued for the period ended 31.3.24 (f) Tangible fixed assets and depreciation Tangible fixed assets costing more than £ 1000 are capitalised and included at cost including any incidental expenses of acquisition. Depreciation is provided at the followlng annual rates in order to write off assets over its estimated useful life. Fixtures and fittings Computer equipment over 5 years over 3 years 2) Incoming Resources Unrestricted Designated Restricted 2024 2024 2024 Total 2024 Donations/Fundraising 20,255 20,255 Birmingham Forward Steps 111,504 IIT,504 Other income and bank interest Bank interest 65 203 268 203 111,504 132027 Net incoming resources for the period is stated after charging Depreciation Notes to the financial statement continued Home-start Cole Valley Notes to the financial statement continued for the period ended 31.3.24 Fixtures & fittings Computer equipment Tangible fixed assets Totals Cost Additions at 31.3.24 Depreciation Charge for period at 31.3.23 Net book value at 31.3.24 10 Debior5 Prepayments Creditors Unpresented cheques/Late Payment 248 12 Designated funds Family fund: Funds raised to subsidise events for Home-start families Reser+ies fund: Balance of reserrfes currently stand5 at; 31,795 New Project fund: Funds designated for projects 31,795 IIIPagFe HOME.START COLE VALLEY (A Company Llmlted by Guarantee) FINANaAL SfATEMErirs FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINERS. REPORTTO ThE TRusfEES OF HOME-STAKf BIRMINGHAM TAMESIDE I report to the charlty trustees on my e¥amlnatlon of the accounts for the ￿4T ended 31* March 2024 whlch are set out on the followln8 pa8e& Responslbllltles arKI basls of report As the eharfty trustees of the company (and also Its direct¢Ks for the purpose of COMP￿ law) you are responslble for the preparatlon of the aCC￿nts In accwdarKe wlth the requlrements of the Companles Act 2006 (*he 2Th)6 Acv). Independent examiner< statL4nent I have completed my examlnation. I confirni that no mattevs have c(xne to my attentkn In Cl￿nertIon wlth the examlnatlon 8Mn8 me cause to bdkve that In ary matsrial respectr. l. Acwuntln8 records were not kept in respect of the company as requlred by srftkln 386 of the 2006 Art: or 3. The accounts do not compty wlth the accountlng requlrements of sectlon 396 or the 2006 Act other than any requlrement that the accounts 8fve a 'a true and falr which Is not a matter consldered as part of an Independent examlnatlon; or The accounts have not been prepared In accordarbce wlth the methods and prlnclples of the Statement of Recommended Practke for accountln8 arKI reportkng by d￿rItIeS (appllcable to charitles preparing their accounts in accordance wfth the Flnandal Stsndard appll¢able In the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters in cYJnnect5on wlth the examlnatlon to whlch attentlon should be drawn in thls report in order to enable a proper understandln8 of the accounts to be reached. Sally Bateman Sellv Oak Wrnilngham 829 4AN HOME-START COLE VALLEY (A Company Limited by Guarantee) Report and Financial Statements Period ended: 31 March 2024 Charity No: l 107901 Company No: 5285171 Registered Office: Bridge House Hotel 47-49 Sherbourne Road Acocks Green Birmingham B27 6DX Tel: 0121 572 0800 Home-start Cole Valle) Legal and Administrative Information Status Home-start Cole Valley was incorporated as a company limited by guarantee and not having a share capital under the Companies Act 1985 on 12 November 2004 and registered as a charity on 2 February 2005. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles, the members of the Management Committee are elected at the Annual General Meeting. Trustees (Directors) The following served as Trustees and Directors under company law during the year. Tony Fuggle Chair (Appointed June 2023) Neisa Reid Treasurer Anthony Webster (Resigned June 2023) Noreen Bukhari (Resigned January 2024) Charanjit Phull Martine Palfrey Appointed February 2024 The charitable company has no share capital and the members of the board of trustees have no interest in its surplus or assets and receive no remuneration. Appointment of Trustees Trustees are appointed at the Annual General Meeting and must consist of a minimum of 4 trustees and not more than 12 individuals. The trustees may co-opt any person duly qualified to be appointed as a trustee but will only hold office until the next Annual General meeting. In accordance with the charitable company's Articles of Association, one third of the Trustees will retire by rotation and offer themselves for re-elettion at the Annual General Meeting. Registered Office and principal operating address Bridge House Hotel 47-49 Sherbourne Road Acocks Green Birmingham B27 6DX Bankers Independent Examiner Sally Bateman 79 Witherford Way Selly Oak Birmingham B29 4AN Lloyds TSB Poplar Road Solihull Branch 9 - I I Poplar Road Solihull West Midlands B91 3AN 311'agJe Home-start Cole Valley Financial review Income for the year was £132,027 (2023".£ 117,205) and expenditure totalled £124,285 (2023: £124,168). This has resulted in a profit for the year of £7742 12023: .£6963) net funds at 31 March 2024 of £50,858 (2023: £43,116). This includes Resen4e Funds. Plans for the future The Trustees aim to continue to Increase the organisation's reserves fund in line with the organisation's vision for the future of between 3 and 6 months working funds. Trustees Responsibilities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires trustees to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and selected suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102); make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue 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 enable them to ensure the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved the Trustees on: Signed on its behalf by: NEISA REID Treasurer 51PagJe Home-start Cole Valley BALANCE SHEET as at 31 st March 2024 2024 2024 2023 2023 Notes Flxed assets Tangible assets Current assets Debtors Cash in bank and in hand 51,106 43,716 51.106 Creditors Amount5 falling due within one year 248 Net current assets Total assets less current liabilities 50,858 43.116 Funds Unrestricted funds Designated funds Restricted funds 18,537 31,795 526 31,592 11,524 50,858 The directors have taken advantage of the Companies Act 2006 in not having these accounts audited under Section 477 (1). No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and $387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of affairs of the company as at 31 March 2020 and of its profit for the year then ended in accordance with the requirements of s396 and which comply with the requirements of the Act relating to the accounts so far as applicable to the company. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies Subject to the small companies regime. Signed and approved on behalf of the Board: Direttor:... Neisa Reid Treasurer Date.. Home-start Cole Valley Notes to the financial statement continued for the period ended 31.3.24 (f) Tangible fixed assets and depreciation Tangible fixed assets costing more than £ 1000 are capitalised and included at cost including any incidental expenses of acquisition. Depreciation is provided at the followlng annual rates in order to write off assets over its estimated useful life. Fixtures and fittings Computer equipment over 5 years over 3 years 2) Incoming Resources Unrestricted Designated Restricted 2024 2024 2024 Total 2024 Donations/Fundraising 20,255 20,255 Birmingham Forward Steps 111,504 IIT,504 Other income and bank interest Bank interest 65 203 268 203 111,504 132027 Net incoming resources for the period is stated after charging Depreciation Notes to the financial statement continued Home-start Cole Valley Notes to the financial statement continued for the period ended 31.3.24 Fixtures & fittings Computer equipment Tangible fixed assets Totals Cost Additions at 31.3.24 Depreciation Charge for period at 31.3.23 Net book value at 31.3.24 10 Debior5 Prepayments Creditors Unpresented cheques/Late Payment 248 12 Designated funds Family fund: Funds raised to subsidise events for Home-start families Reser+ies fund: Balance of reserrfes currently stand5 at; 31,795 New Project fund: Funds designated for projects 31,795 IIIPagFe HOME.START COLE VALLEY (A Company Llmlted by Guarantee) FINANaAL SfATEMErirs FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINERS. REPORTTO ThE TRusfEES OF HOME-STAKf BIRMINGHAM TAMESIDE I report to the charlty trustees on my e¥amlnatlon of the accounts for the ￿4T ended 31* March 2024 whlch are set out on the followln8 pa8e& Responslbllltles arKI basls of report As the eharfty trustees of the company (and also Its direct¢Ks for the purpose of COMP￿ law) you are responslble for the preparatlon of the aCC￿nts In accwdarKe wlth the requlrements of the Companles Act 2006 (*he 2Th)6 Acv). Independent examiner< statL4nent I have completed my examlnation. I confirni that no mattevs have c(xne to my attentkn In Cl￿nertIon wlth the examlnatlon 8Mn8 me cause to bdkve that In ary matsrial respectr. l. Acwuntln8 records were not kept in respect of the company as requlred by srftkln 386 of the 2006 Art: or 3. The accounts do not compty wlth the accountlng requlrements of sectlon 396 or the 2006 Act other than any requlrement that the accounts 8fve a 'a true and falr which Is not a matter consldered as part of an Independent examlnatlon; or The accounts have not been prepared In accordarbce wlth the methods and prlnclples of the Statement of Recommended Practke for accountln8 arKI reportkng by d￿rItIeS (appllcable to charitles preparing their accounts in accordance wfth the Flnandal Stsndard appll¢able In the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters in cYJnnect5on wlth the examlnatlon to whlch attentlon should be drawn in thls report in order to enable a proper understandln8 of the accounts to be reached. Sally Bateman Sellv Oak Wrnilngham 829 4AN ## **HOME-START COLE VALLEY** ## **(A Company Limited by Guarantee) FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2024** ## **INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF HOME-START COLE VALLEY** **I report to the charity trustees on my examination of the accounts for the year ended 31[st] March 2024 which are set out on the following pages.** **Responsibilities and basis of report** **As the charity trustees of the company (and also its directors for the purpose 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’).** **Independent examiners’ 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 or the 2006 Act other than any requirement that the accounts give a ‘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 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.** **Sally Bateman 79 Witherford Way Selly Oak Birmingham B29 4AN**