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2021-03-31-accounts

Charity number: 1108042 Company number: 05344214

Home-Start Mansfield (A company limited by guarantee)

Trustees' report and financial statements

for the year ended 31st March 2021

Home-Start Mansfield (A company limited by guarantee)

Contents

Page
Legal and administrative information 1
Trustees' report 2 - 4
Independent examiners' report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 14

Home-Start Mansfield (A company limited by guarantee)

Legal and administrative information

Charity number 1108042
Company registration number 05344214
Registered office Sandy Bank Childrens Centre
Bilborough Road
Mansfield
Nottinghamshire
NG18 2NZ
Trustees Louise Grafton
June Williamson (resigned 28th September 2020)
Avrell Sheldon
Sara Beet
Angie Card
Senior Management Team Hazel Platts Senior Organiser
Accountants Adkin Sinclair LLP
Sterling House
32 St John Street
Mansfield
Nottinghamshire
NG18 1QJ

Page 1

Home-Start Mansfield (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31st March 2021

The trustees present their report and the financial statements for the year ended 31st March 2021. The trustees, who are also directors of Home-Start Mansfield for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.

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 the 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 and Republic of Ireland published in October 2019.

Objectives and activities

Objects and Aims

To safeguard, protect and preserve the good health, both mental and physical of children and parents; To prevent cruelty to or maltreatment of children:

To relieve sickness, poverty and need amongst children and parent of children;

To promote the education of the public in better standards of child care within the area of Mansfield District and environs.

Public benefit

Offering support, friendship and practical assistance;

Visiting families in their own homes, where the dignity and identity of each adult and child can be protected; Reassuring parents that difficulties in bringing up children are not unusual and encouraging them to enjoy family life;

Developing a relationship with the family in which time can be shared and understanding can be developed. The approach is flexible to take into account the different needs;

Encouraging parent's strengths and emotional well-being for the ultimate benefit of the children; Encouraging families to widen their network of relationships and to use effectively the support and services available within the community;

The service is offered to any Mansfield family with a young child, who is experiencing some difficulty.

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 2

Home-Start Mansfield (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31st March 2021

Achievements and performance

28 Families visited; 71 children supported; 20 Volunteers supported;

Training offered and provided: Volunteer Preparation Course.

Events organised and facilitated:

Owing to restrictions surrounding Covid 19 regulations, there were no activities or events this year.

Funding raised:

We are grateful for support from: The National Lottery - Community Fund, Notts County Council, Mansfield District Council, The Robin Hood Lottery, Dunelm, Persimmon Homes Nottingham, John Lewis, Griffith Foods, White Stuff Foundation, Ron Currie & Sons Ltd, Nisa,

Sandybank Childrens' Centre, Margaret Bonner, Emma Clarke, Ms N Sikorski, our Mansfield community for their generous donations of items for our charity shop.

Financial review

The financial position is looking healthy at present. Our spending over this year has been minimal as no events or activities have been undertaken and restriction grants and furlough grants have been secured. Therefore, the National Lottery funding has not been used as expected. The National Lottery has agreed for this funding to be used until October 2022.

During allowed opening the shop is doing well and raising around £1,400 per month.

Policy on reserves

The charity's policy on reserves is to hold three months running costs plus a contingency for redundancy.

Structure, governance and management

Nature of Governing Document

The charity is a company limited by guarantee and a registered charity. it is operated under the rules of its memorandum and articles of association dated 27th January 2005. 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 Directors/Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the Company's Articles are known as trustees. Trustees are recruited by word of mouth among interested parties in particular when a skills gap is identified. Trustees are elected and co-opted at the AGM under the terms of the memorandum and articles of association.

Page 3

Home-Start Mansfield (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31st March 2021

Statement of trustees' responsibilities

The trustees (who are also directors of Home-Start Mansfield for the purpose of company law) 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).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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.

On behalf of the board

Louise Grafton Director/Trustee

Date: 5th July 2021

Page 4

Home-Start Mansfield (A company limited by guarantee)

Independent examiner's report to the trustees of Home-Start Mansfield.

I report to the charity trustees on my examination of the accounts of Home-Start Mansfield for the year ended 31st March 2021 set out on pages 6 to 14.

Responsibilities and basis of report

As the charity trustees of the company (and also the directors of the company for 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 company'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.

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

Christopher Adkin Chartered Accountant Adkin Sinclair LLP 32 St John Street Mansfield

5th July 2021

Page 5

Home-Start Mansfield (A company limited by guarantee)

Statement of financial activities (incorporating the income and expenditure account)

For the year ended 31st March 2021

Unrestricted
funds
Notes
£
Income from:
Donations and legacies
2
106,524
Charitable activities
3
9,194
Other incoming resources
4
41,895
Total income
157,613
Expenditure on:
Charitable activities
5
71,411
Total expenditure
71,411
Net movement in funds
86,202
Total funds brought forward
44,645
Total funds carried forward
130,847		 2021
Total
£
106,524
9,194
41,895
157,613
71,411
71,411
86,202
44,645
130,847		 2020
Total
£
70,383
2,926
-
73,309
62,403
62,403
10,906
33,739
44,645

The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 8 to 14 form an integral part of these financial statements.

Page 6

Home-Start Mansfield (A company limited by guarantee)

Balance sheet As at 31st March 2021

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling
due within one year
12
Net current assets
Net assets
Funds
13
Unrestricted income funds
Total funds		 £
2,403
129,468
131,871
)
(2,373		 2021
£
1,349
129,498
130,847
130,847
130,847		 £
2,390
43,990
46,380
)
(3,534		 2020
£
1,799
42,846
44,645
44,645
44,645

For the year ending 31st March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees' responsibilities:

The financial statements were approved by the board on 5th July 2021

and signed on its behalf by

Louise Grafton Director/Trustee

The notes on pages 8 to 14 form an integral part of these financial statements.

Page 7

Home-Start Mansfield (A company limited by guarantee)

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

1. Summary of significant accounting policies

The charity constitutes a public benefit entity 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 and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The principal accounting policies applied in the preparation of these financial statements are set out below. The accounting policies have been applied consistently throughout the year and the preceding year.

1.1. Basis of accounting

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.

1.2. Cashflow

The charity has taken advantage of the exemption in the Charities SORP 2019 from the requirement to produce a cashflow statement.

1.3. Fund accounting

Funds held by the charity are either:

Transfers between funds:

Where permitted, the release of restricted funds to unrestricted general or designated funds may be made at the conclusion of a restricted activity. General unrestricted funds may be transferred at the discretion of the trustees to assist in supporting a particular activity.

Page 8

Home-Start Mansfield (A company limited by guarantee)

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

1.4. Income recognition

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

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.

Gift Aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Other incoming resources from charitable activities (e.g. room hire etc.) are accounted for when receivable.

Activities for generating funds are accounted for when receivable.

1.5. 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.

Page 9

Home-Start Mansfield (A company limited by guarantee)

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

1.6. Fixed assets

a. Depreciation

Depreciation is calculated using the reducing balance basis method at a rate of 25% per annum to write down the cost of fixed assets over their estimated useful lives. All fixed assets in excess of £500 are capitalised.

1.7. Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

1.8. Pension scheme

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.

2. Income from donations and legacies

Unrestricted
funds
£
Home-Start Nottingham (NCC Grant Aid & LIS)
11,880
Mansfield District Council
-
National Lottery
89,870
Sundry donations
4,774
106,524		 2021
Total
£
11,880
-
89,870
4,774
106,524		 2020
Total
£
11,880
1,500
52,706
4,297
70,383

Income from donations and legacies was £106,524 (2020 - £70,383) of which £- (2020 - £-) was attributable to restricted funds.

3. Income from charitable activities

Unrestricted
funds
£
Shop income
9,194
9,194		 2021
Total
£
9,194
9,194		 2020
Total
£
2,926
2,926

Income from Charitable activities was £9,194 (2020 - £2,926) of which £- (2020 - £-) was attributable to restricted funds.

Page 10

Home-Start Mansfield (A company limited by guarantee)

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

4. Other incoming resources

Unrestricted
funds
£
Government grants recognised directly in income
41,895
41,895
5.
Expenditure on charitable activities
Unrestricted
funds
£
Direct costs:
Salaries, NI and pension
50,064
Pensions
842
Office rent
1,076
Rates and utilities
601
Light and heat
2,345
Repairs, maintenance and equipment
70
Insurance
817
Refreshments
90
Legal and professional
53
Independent examination
1,488
Postage, stationery and telephone
586
Activities and events
-
Advertising and promotional
374
Depreciation
450
Sundry expenses
70
Travel and parking
1,190
Staff training
-
Bank charges
-
Levy fee
1,320
Shop purchases and consumables
975
Shop rent
9,000
Total
71,411		 2021
Total
£
41,895
41,895
2021
Total
£
50,064
842
1,076
601
2,345
70
817
90
53
1,488
586
-
374
450
70
1,190
-
-
1,320
975
9,000
71,411		 2020
Total
£
-
-
2020
Total
£
43,383
846
1,076
-
984
153
764
210
1,729
1,358
1,319
2,013
676
599
60
2,274
1,200
35
475
249
3,000
62,403

Expenditure on direct charitable activities was £71,411 (2020 - £62,403) of which £- (2020 - £-) was attributable to restricted funds.

Page 11

Home-Start Mansfield (A company limited by guarantee)

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

6. Net income for the year

Net income for the year
2021 2020
£ £
Net income is stated after charging:
Depreciation and other amounts written off tangible fixed assets 450 599

7. Employees

Employment costs
Wages and salaries
Pension costs		 2021
£
50,064
842
50,906		 2020
£
43,383
846
44,229

No salaries or wages have been paid to the trustees. Expenses of £Nil (2020: £Nil) were reimbursed. No employee received emoluments of more than £60,000 (2020 : None).

Number of employees

The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:

basis of full time equivalents, was as follows:
2021 2020
Number Number
Employees 4 3

8. Pension costs

The company operates a defined contribution pension scheme in respect of its employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and was as follows:

2021 2020
£ £
Pension charge 842 846

Page 12

Home-Start Mansfield (A company limited by guarantee)

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

9. Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fixtures,
10.
Tangible fixed assets
fittings and
equipment
£
Cost
At 1st April 2020 and
At 31st March 2021
4,072
Depreciation
At 1st April 2020
2,273
Charge for the year
450
At 31st March 2021
2,723
Net book values
At 31st March 2021
1,349
At 31st March 2020
1,799
11.
Debtors
2021
£
Prepayments and accrued income
2,403
12.
Creditors: amounts falling due
within one year
2021
£
Other creditors
2,373		 Total
£
4,072
2,273
450
2,723
1,349
1,799
2020
£
2,390
2020
£
3,534

Page 13

Home-Start Mansfield (A company limited by guarantee)

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

13. Analysis of net assets between funds

13. Analysis of net assets between funds
Unrestricted Total
funds funds
£ £
Fund balances at 31st March 2021 as represented by:
Tangible fixed assets 1,349 1,349
Current assets 131,871 131,871
Current liabilities )
(2,373		 )
(2,373
130,847 130,847
14. Unrestricted funds At At
1 April Incoming Outgoing 31 March
**2020 ** **resources ** resources 2021
£ £ £ £
Unrestricted funds 44,645 157,613 )
(71,411		 130,847

15. Company limited by guarantee

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 14