HOME-START COLE VALLEY (A Company Limited by Guarantee) Report and Financial Statements Period ended: 31 March 2025 Charity No: l 107901 Company No: 5285171 Registered Office: C/0 NTR Bookkeeping Services Suite 310 Telsen Centre 55 Thomas Street Aston Birmingham B6 4TN Tel: 0121 572 0800
Home-start Cole Valley Contents Legal and administrative information Report of the Trustees Statement of Financial Activity Balance Sheet Notes to the Financial Statements Independent Examiner's Report
Home-start Cole Valley 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 ser4ed as Trustees and Directors under company law during the year. Tony Fuggle Neisa Reid Hannah Crumpton Charanjit Phull Martine Palfrey Chair (Resigned February 202 5) Treasurer Safeguarding (Acting Chair) 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. Registered Office. C/0 NTR Bookkeeping Services Suite 31 O Telsen Centre 55 Thomas Street Birmingham B6 4TN Bankers Independent Examiner Sally Bateman 79 Witherford Way Selly Oak Birmingham B29 4AN Lloyds TSB Poplar Road Solihull Branch 9 - 1 I Poplar Road Solihull West Midlands B91 3AN 311'ag7e
Home-start Cole Valley Report of the Trustees for the period ended 31 March 2025 The Trustees present their report and examined financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published 16 July 2014, as amended in Bulletin l. Objects of the Charity l . To safeguard, protect and preserve the good health, both mental and physical of children and parents of children 2. To prevent cruelty to or maltreatment of children 3, To relieve sickness, poverty and need amongst children and parents of children 4. To promote the education of the public in better standards of childcare within the areas of Sheldon and Yardley and its environs. Public benefit statement The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. Activities of the Charity Home-start Cole Valley is a voluntary home-visiting organisation offering emotional and practical support to families experiencing difficulties with at least one child under five years of age. Trained volunteers support the families by visiting them at home and are from a variety of backgrounds, ages, status, race, creed and colour. One volunteer preparation course was completed in the year resulting in the successful recruitment of I volunteer to support families. The scheme currently has a Manager working 34 hours per week, two part-time Co-ordinators working 43 hours collettively. One part-time administrator working 23 hours was in post until December 2024. The scheme supports families in the following wards, which are within Birmingham Local Authority. Acocks Green, Stechford & Yardley North, South Yardley, Sheldon, Hall Green, Sparkbrook, Springfield, Kings Heath & Moseley. The Scheme's core funding was received from the Birmingham Forward Steps contract, however this was reduced by 50% in November 2024. The scheme has sought to secure funds to ensure the continued work with families throughout the current and following year. 41Page
Home-start Cole Valley Financial review Income for the year was £149,353 (2024:£132,027) and expenditure totalled £121,000 (2024: £124,285). This has resulted in a profit for the year of £28,353 (2024: £7742). This is mainly due to funding secured for the coming year due to reduction in Core BFS funding. Net funds at 31 March 2025 of £79,211 (2024: £50,858). This includes Reserve Funds and funding secured for the coming year. 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 appllcable 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 by th Trustees on: 19.11.25 on its behalf by: NEISA REID Treasurer
Home-start Cole Valley Statement of financial activities for the period ended 31 st March 2025 Notes Unrestricted Designated Restricted funds funds funds 2025 2025 2025 Total funds 2025 Total funds 2024 Incoming Resources Fundraising, Donations and Gifts 12,448 12,448 20,255 Grants for the furtherance of the charity's objectives 18,000 117,937 135,937 111,504 Bank interest 968 968 268 Total incoming resource5 117937 149353 132027 Resources Expended Wages and Salaries Office costs and administration 101,073 101,073 101,227 12,508 12,508 20,676 Expenses and training Fundraising/Family Fund Bank Charges 2525 2525 2242 4800 4800 62 94 94 78 4894 116 106 121000 124285 Net income for the year Funds brought fornard at 1.4.24 8522 18,000 1831 28,353 7742 18,537 (8205) 31,795 8205 526 50,858 43,116 Transfer between funds/adjustment Total funds as at 31 st March 2025 2357 79 211 All activities derived from continuing activities. There are no recognised gains or losses or other movements in funds for the current period other than as stated in the Statement of Financial Activities.
Home-start Cole Valley BALANCE SHEEr as at 31 st March 2025 2025 2025 2024 2024 Notes Fixed assets Tangible assets Current assets Debtors Cash in bank and in hand 79,211 51,106 Creditors Amounts falling due within one year 248 Net current asset5 Total assets less current liabilities 50.858 Funds Unrestricted funds Designated funds Restricted funds 10,332 58,000 2357 18,537 31,795 526 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 5386 and s387 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 o behalf of the Board: Director"... Neisa Reid Treasurer Date..
Home-start Cole Valley Accounting Policies (a) Basis of preparation The charity constitutes a public benefit as defined by FRS 102. 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 IFRS 102) issued on 16 July 2014 as amended by Bulletin I, the Financial Reporting Standard applicable in the UK (FRS 102). the Charities act 2011 , the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial Statements are prepared on a going concern basis under the historic convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. The significant policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otheNise stated. (b) Company status The charity is a company limited by guarantee. The members of the company are drawn from individuals who have an interest in the work of the Organisation. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £ I per member of the charity. (c) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objective of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. (d) Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. (e) Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Fund-raising costs are those incurred in seeking voluntary contributions. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. 81PaLye
Home-start Cole Valley Notes to the financial statement continued for the period ended 31.3.25 (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 following 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 Unrestritted Designated Restricted 2025 2025 2025 Total 2025 Donations/Fundraising 12.448 12,448 Birmingham Forward Steps 94,107 94,107 Grantsrfrusts (Received for work to be completed 2025-26) 18,000 23,830 41,830 Other income and bank interest Bank interest 968 968 117937 149353 Net incoming resources for the period is stated after charging Depreciation 91PagiL
Home-start Cole Valley Notes to the financial statement continued for the period ended 31.3.25 Office costs and administration Total 2025 Total 2024 Events & AGM Professional fees and Insurance Rent & room hire Equipment and maintenance Office and promotion Utilities Fam ily fund/COVID Grants Fundralsing DBS Bank charges Other miscellaneous 2671 3294 274 4039 2200 5871 6000 299 3706 4800 62 4800 30 94 72 78 17402 20888 Expenses & Training Staff & Committee training Volunteers, support & training Staff & committee expenses Volunteers, expenses 107 48 270 1069 783 1618 787 2525 2170 Trustees, remuneration None of the trustees have received any remuneration from the charity during the current period. Staff costs Redundancy Costs Salaries (net) PAYE & NIC Pension 9099 70844 13360 7770 101073 77023 14872 9332 101227 101 I'agie
Home-start Cole Valley Notes to the financial statement continued for the period ended 31.3.25 Fixtures & fittings Computer equipment Tangible fixed assets Totals Cost Additions at 37.3.25 Depreciation Charge for period at 31.3.24 Net book value at 31.3.25 10 Debtors Prepayments Creditors Deferred income 12 Designated funds Family fund: Funds raised to subsidise events for Home-start families Reserves fund: Balance of reserves currently stands at; 40,000 Project Fund: Funds designated for 2025-26 Core work 18,000 IIIPagie
HOME-STAKf BIRMINGHAM COLE VALLEY (A Company Umlted by Guarantee) FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINERS, REPORTTO THE TRusfEES OF HOME.sfART COLE VALLEY I report to the charfty trustees on my examlnatlon of the accounts for the year ended 31" March 2025 whlth are set out on the followln8 pages. Responslbllltles and basis of report As the charlty trustees of the company land also its dlrertors for the purpose of c(xnpany law) you are responslble for the preparation of the accounts In accqydance vAth the requlrements of the Companles Act 20061lhe 21x16 ACV). Independent examlnerf sLitement I have completed my examlnation. I confirm that no matters have come to my attentkm In connectlon wlth the examinatlon 8lvln8 me cause to believe that In any material iespect: l. Accountlng records were not kept In respect of the company as requlred by sectlon 386 of the 2006 3. The accounts do not comply wfth the accountln8 requlrements of sertlon 396 or the 2006 Act other than any requlrement that the accounts give a 'a true and falr whlch Is not a matter consldered as part of an Independent examlnation. or 4. The accounts have not been prepared in accordance with the meth5 and wlndples of the Statement of Recommended Flractice for accounting and reportlng by tharitles (appllcable to charltles preparing thelr acuwnts In accordan wlth the Rnancial Standard appllcable In the UK and Republk of Ireland (FRS 102). I have no conwns and have come acros5 no other matters In connectlon with the examlnation to which attentlon should be drawn In thls report In order to wble a proper understanding of the accounts to be reached. Sally Bateman 79 Wltherford Wav Selly Oak Blrmlngham 829 4AN