Home-start Horizons Charity No. 1108455 Company No. 05352252 Trustees, Report and Unaudited Accounts 31 March 2024
Home-start Horizons Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 2to6 Summary Income and Expenditure Account Balance Sheet io Notes to the Accounts Ilto19 Detailed Statement of Financial Activities 20to22 Page I
Home-start Horizons Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charityforthe year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 05352252 Charity No. 1108455 Principal Office Business Box 3 Oswin Road Leicester LE3 IHR Registered Office Business Box 3 Oswin Road Leicester LE3 IHR Dirertors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees senied durlng the year.. P. Akroyd N. 8aines-Knox H. Everett J. Gomes E. Goodson L. Pettitt S. Tizzard H. Truemper Company Secretary E. Macmanard Key Management Personnel Chief Executive Officer Operations Manager Accountants Stuart Sullivan Elaine Macmanard l Hate Numbers Limited Forester Building 29-35 St Nicholas Place Leicester LEI 4LD Page 2
Home-start Horizons Trustees Annual Report Bankers National Westminster Bank PIC l Granby Street Leicester LEI 6EJ OBJECTIVES AND ACTIVITIES Home-start Horizons aims to increase the confidence and independence of families by: - Offering support, friendship and practical assistance VisitinE families in their own homes Reassuring parents bringing up children and encouraging them to enjoy family life Developing a relationship with the family in which time can be shared and understanding can be developed Encouraging families to widen their network of relationships and to use effectively the support and services available in the community The charity has adopted pollcies on equality and diversity, safeguardin& health and safety, complaints and confidentiality and a range of defined practices designed to guide the organisation towards best practice. PUBLIC BENEFIT THAT IS PROVIDED BY THE CHARITY Home-start Horizons provides a unique service; recruiting and training volunteers to offer families informal, friendly and confidential support. Horne-start Horizons works with parents on a one to one basis in their own home, building su pportive relationships and responding directly to the famil¢s individual needs, In this wayi Home-5tart Horizons has a proven, lasting and positive impact on the development of children and the health and welfare of families. Home-start Horizons works to establish successful links with families who are particularly'hard to engage,, isolated, disadvantaged or are experiencing multiple and complex difficulties as well as with families who need support to prevent stressful situations becoming crisis points. All Home-start Horizons schemes are affiliated to the national body Home-start UK by a national agreement aimed to ensure a consistent and quality service. Home-start UK provides information, advice, training and guidance in all aspects of managing schemes. Home-start Horizons has a comprehensive Quality Assurance system, based on 8 quality areas. Home-start Horizons aims to continue to work towards ensuring that Home-start Horizons services are sustained. THE CONTRIBUTION OF THE VOLUNTEERS The role of the Chief Executive, Operations Manager, coordinators and administration team is to work alongside the trustees to manage and administerthe work of the organisation according to agreed policies and procedures. The role of the co-ordinators is to recruit. train. sUPPOrt and Supervise the team of home visiting volunteers, receive referrals. assess needs, link volunteers to families and monitor and evaluate work with families, develop and facilitate supportthrough family groups, and liaise with referrers and other agencies working with children and their families. The whole staff team works together to provide a quality Service to both families and volunteers, Positively promote Home-start Horizons throughout Leicester, Leicestershire and Rutla nd to contribute to local strategies forthe support of children and their farnilies and work in partnership with all organisations with the interest of children and their families. ACHIEVEMENTS AND PERFORMANCE Page 3
Home-start Horizons Trustees Annual Report The financial year endinE 31 March 2024 saw development of Home-start Horizon's parental mental health work. This against a backdrop of an unprecedented 98% of referrals experiencing mental health issues. Funding was secured via the NHS with the Getting Help in Neighbourhoods project providing more MIMS P05t-natal illness programme5 and support," and Public Health funded Neighbourhood Mental Health Programme that extended the MIMS service across the County and into Hinckley & Bosworth as well as delivering our first Dad's mental health service. This wa5 the result of fantastic work by staff that allowed the organisation to demonstrate the need to funders and the impact of Home-start's interventions upon an under5erved group. Both projects were hugely successful, exceeding targets and making a difference for over 100 parents, improving mental health and in turn positively impacting upon children in families. Core work during the year continued with group work and home-visiting support through staff and volunteers, with an increase in referrals again, rising by 21YA on the previous year to 320. Excellent work has been done over the yearwith armed forces families, benefitting from extended seNices funded by Armed Forces Covenant, with a successful family group at Kendrew barracks and family support for 46 army families, who saw some significant progress during challenging times. in a challenging environment for families and children. Over 300 families were supported across all services. concerningly and continuing the trend of recent years, half of these farnilie5 had complex needs. more than a fifth of families were experiencing domestic abuse, a ftfth of families had a disability and half experiencing post-natal depression. One of the areas we monitor is length of time a family is supported-this is impacted by all sorts of varlables and each familvs circumstances are different, but providing effective sUPPOrt as well as throughput, allows Home-start Horizons to support more farnilies. During and coming out of Covid and lockdowns, families were supported on average 20 months, we now see that half of families supported are closed successfully after 6 months, with less than 20% sUPPOrted between one and two years. This enables us to provide focused interventions to more familie5. 10 family groups were operated across Leicester, Leicestershire and Rutland, supporting 220 families/305 children. We know from research around the first 1,001 days and Adverse Childhood Experiences, that brain development during the critical, formative period of the early years, is impacted massively by what the baby/child experiences around them; particularly their social connettions and relationships. I n Leicestershire, many of our families suffer the effects of social isolation with poor transport links and lack of facilities. Socially isolated parents mean socially isolated children. Families supported by groups saw significant improvements including 85Yo improved in their Involvement in child's development, 80% had reduced social isolation, 70% improved in coping wÉth their mental health, 75% improved in day to day running of the home and 73% improved their management of stress. The succes5 of Home-start's interventions are significant considering the complexity of need supported and the external pressures familie5 face related to the cost of living crisis and many families facing add itional challenges such as lone parenting or being an asylum seeker.ely by what the baby/child experiences around them- particularly their social connections and relationships. In Leicestershire, many of our familie5 suffer the effects of social isolation with poor transport links and lack of facilities. Socially isolated parents mean socially isolated children. Page 4
Home-start Horizons Trustees Annual Report In terms of Home-visiting work, 208 families were supported overthe year by our fantastic volunteers and staff. 12Yo of these families are within Child in Need or Child Protection statutory interventions, with complex issues and risk of child{renl being removed. Staff work side by side with statutory Seices, engaging in Case Conferences and partnership work, to ensure the best outcomes for children. This all has a huge impact upon staff and volunteers. the pressure they are under, the second-hand trauma they experience, working with families. As an organisation we monitor this and ensure staff and volunteers are supported, trained and able to off-load so that they can continue to support families effectively.n with poor transport links and lack of facilities. Socially isolated parents mean socially isolated children. Despite the complexity and range of needs and challenges we see in supporting families, we know from our analysis that we make a huge difference. Across all services, where we measure needs at start, review and end we know that 77% of families experienced and improvement across all areas, a slight fall from last year, yet still a significant impact and perhaps indicative of the challenges families face with continued austerity, a cost-of-living crisis, post-covid and lack of any statutory support for mental health needs of parents. Most concerning for us is the lack of alternatlve provision or effective statutory support for famllies and the increasing number of families requirin8 our support. We are needed more than ever, yet our seNices and capacity is stretched. Funding is an ever-present challenge with cuts to Home-Start services necessary where funding is unavailable. Grant funders are stretched, and more charitles are in need, to support the growlng number of vulnerable people and families. 2024125 will be a challenging year with no renewal of Children in Need funding that helps support runnin8 of groups and no renewal of Henry Smith funding that supported core services. As always, we are indebted to our selfless and skilled volunteers, 116 of whom supported all services across the year, enabling us to run creches to support MIMS, support new families in not only our historical areas of Leicester, Leicestershire and Rutland but also into Hinckley & Bosworth. 18,096 hours of support were added to the organisation by volunteers, representin8 added value of £289,5361 FINANCIAL REVIEW Income for the year was £399,930 made up of grants and donatlons, and total expenditure was £479,843 from which £386,759 spent on charitable activities, and £93,084 on other expenditure. There was a deficit of £79,913 for the year to 31-Mar-24 before the net deficit of £4,895 on the the pension scheme, giving a net deficit movement in funds of £84,808 . Funds bought forward from April 2023 were £274,970, total funds at year end to take forward were £190,162. Concerned about the projected deficit during the final quarter of 2023/4, the Trustees authorised a restrutture with the aim of bringing next yearfs account into balance. The charities sector continues to face challenging times and therefore the trustees consider it prudent to hold reserves to meet cash-flow variances, unexpected liabilities and in the event of closure, staff redundancies and the pension fund liability. The aim of the Trustees is to hold reseeS of 4 months budgeted expenditure plus the pension fund liability on ceasing to trade. At 31st March 2024 our expenditure for 2023-24 was £479,843 and the pension fund liability was £2,884 and therefore the reserves of £190,162 is adequate. STRucfuRE, GOVERNANCE AND MANAGEMENT The structure of the charity ensures strategic and operational management are separated, in order to meet the challenge of survival of Home-start Horizons. retaining services to families and sustaining the charity. Page 5
Home-start Horizons Trustees Annual Report The CEO has overall responsibility for the delivery of the business plan, development of the strategy and securing of diverse funding. The CEO report5 directly to the Board of Trustees. The Operations Manager reports to the CEO as well as the Board of Trustees and has responsibility for staff and operational management. safeguarding, policies and procedures. The charity is controlled by its governing documents, a deed of trust, and constitutes a limited companyi limited by guarantee, as defined by the Companies Act 2006. The Trustees are appointed in accordance with the compan¢s articles. Those who served during the period are detailed on page l. The committee comprises of trustees and advisory members from the statutory, voluntary and independent sectors. Trustees have overall responsibility for determining and implementing policies, financial control and accountability, employment and deployment of staff, premises, insurance, the Annual Report, and monitoring and evaluation of the work of the organisation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charlty and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the proV10n$ applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 102). Signed on behalf of the board L. Pettitt Trustee li October 2024 Page 6
Home-start Horizons Independent Examiners Report Independent Examiner's Report to the trustees of Home-start Horizons I report to the charity trustees on my examination of the financial statements of Home-start Horizons for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the company {and also its director5 forthe purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Com panies Act 2006 {'the 2006 Act. Having satisfied myself that the financial statements of the Charity 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 financial statements as carried out under settion 145 of the Charities Act 20111'the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ib) of the 2011 Act. Independent examiner's Statement As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am member of FCCA, Chartered Association of Certified Accountants, whlch is one of the listed bodies. I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination givin8 me cause to believe: accounting records were not kept in accordance wlth section 386 of the 2006 Act, or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and falr, vlew whlch Is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prattice for accounting and reporting by charltles applicable to charltles preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 orderto enable a proper understanding of the financial staternents to be reached. Mahmood Reza FCCA, Chartered Association of Certified Accountants l Hate Numbers Limited Forester Building 29-35 st Nicholas Place Leicester LEI 4LD 11 October 2024 Page 7
Home-start Horizons Statement of Financial Activities forthe year ended 31 March 2024 Unrestricted Restricted funds Total funds Total funds 2024 2024 2023 funds 2024 Notes Income and endowments from: Donations and legacies Investments 42,708 1,739 355,483 398,191 1,739 346,533 565 Total 44,447 355.483 399,930 347,098 Expenditure on: Charitable activities Other 110,207 15,992 336,913 16,731 447,120 32,723 379,666 37,659 Total 126,199 353,644 479,843 417,325 Net gains on investments Net expendlture Transfers between funds {81,7521 15,1671 1,839 179,9131 170,227) 5,167 Net expenditure before other gains/(losses) {86,9191 7,006 179,9131 170,227) Other galns and losses Actuarial Losses on defined benefit pension schemes Net movement in funds 14,895} 14,8951 (91,814} 7,006 (84,8081 (70,2271 Reconciliation cf funds: Total funds brought forward 274,301 669 274,970 345,196 Total funds carrled forward 182,487 7,675 190,162 274,969 Page 8
Home-start Horizons Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 398,191 346,533 Interest and investment income 1,739 565 Gross income for the year Expenditure 399,930 347,098 477,718 414,765 Interest payable 237 183 Depreciation and charges for Impairment of fixed assets 1,888 2,377 Total expenditure for the year Net expenditure before tax for the year 479,843 417,325 {79,913) {70,227) Net expenditure for the year 179,9131 {70,227) Page 9
Home-stsrt Horizons Balance Sheet at 31 March 2024 Company No. 05352252 Notes 2024 2023 Flxed assets Intangible assets Tangible assets io 854 1,275 4,041 5,316 li 3,458 4,312 Current assets Debtors Investments 12 1,317 120,099 125,971 247,387 158,6531 188,734 1,026 13 Cash at bank and in hand 302,150 303,176 127,3481 Credltors: Amount falling due within one year Net current assets 14 275,828 Total assets less current liabilities 193,046 193,046 281,144 281,144 Net assets excluding pension asset or liabillty Defined benefit penslon scheme liability Total net a55ets (2,884} 190.162 16,1741 274,970 The funds of the charity Restricted funds Restrlcted Income funds 15 7,675 7,675 669 669 Unrestricted funds General funds 15 182,487 274,301 182.487 274,301 Reserves 15 Total funds 190,162 274,970 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Att 2006 relating to small companies. The member5 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 cornplying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 11 Ottober 024 And signed on its behalf by: P. Akroyd Trustee 11 October 2024 Page 10
Home-start Horizons Notes to the Accounts for the year ended 31 March 2024 l Accounting policies Basis of preparation 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 IFRS 1021 (effective I January 2015) - {Charities SORP IFRS 1021}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Change In basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to account5 for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objerts of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which Include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation f unds Restricted funds Income Recognltlon of income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliabilty. Income with related Where income has related expenditure the income and related expenditure Is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time a5 the donations and gifts gift/donation to which it relates. Donated SeiceS These are only included in income {with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(105sesl on investment assets This includes any gain or loss on the sale of investments. Page 11
Home-start Horizons Notes to the Accounts Expenditu Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activitie5 services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, Including any auditlindependent examination fees, costs linked to the strategic managernent of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular adivity. Grants payable Governance costs Taxation The charity is exempt from corporation tax on its charitable actlvities. Tanglble flxed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixture5, fittings & equipment 33% reducing balance Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activitie5 as they arise. Intangible fixed assets and amortisation Intan8ible fixed assets {including purchased goodwilli patents and trademarks) are carried at Cost less accumulated amortisation and impairment losses. Software 33% Reducing balance Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willlng to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement arnount due after any trade discount offered. Prepayment5 are valued atthe amount prepaid net of any trade discount5 due. Page 12
Home-start Horizons Notes to the Accounts Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposlts with banks and other short-terrn highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price, Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year In which it Is Incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in cu rrencies other than the functlonal currency of the chartty are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Page 13
Home-start Horizons Notes to the Accounts Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Flnancial Activities - prior year Unrestricted Restricte funds d funds Total funds 2023 2023 2023 Income and endowments from: Donations and legacies Investments 42,746 565 303,787 346,533 565 Total 43,311 303,787 347,098 Expenditure on: Charitable activities 66,867 15,763 264,051 330,918 70,644 86,407 Other Total 82,630 334,695 417,325 Net Income 139,3191 {30,908} 170,227) 139,3191 {30,908} (70,227} Net Income before other gainsl(losses) Other gains and105ses: Net movement in funds {39,3191 130,908) (70,227) Reconciliation of funds: Total funds brought forward Total funds carried forward 313,620 31,577 345,197 274,301 669 274,970 4 Income from donations and legacies Unrestricted Restricted Total Total 2024 2023 Donations and gift5 from individuals Revenue grants and donations from non-public bodies 750 750 1,721 41,958 355,483 397,441 344,812 42,708 355.483 398,191 346,533 Page 14
Home-start Horizons Notes to the Accounts 5 Income from investments Unrestricted Total Total 2024 2023 Bank interest receivable 1.739 1.739 565 1,739 1,739 565 6 Expenditure on charitable activities Unrestricted Restricted Totsl Total 2024 2023 Expenditure on charitable activities Defined benefit pension costs Family trips, activities and group expenses 23,834 23,834 19,860 14,279 14,279 6,468 Gross wages and salaries Motor and travel costs 110,206 262,644 10,953 23,564 372,850 315,122 10,953 8,948 23,564 24,985 Premises costs Governonce costs HR Support package 1,640 336,913 1,640 4,283 447,120 379,666 110,207 7 Other expenditure Unrestricted Restricted Total Total 2024 2023 Other interest payable 237 237 183 Employee costs 6,501 6,501 5,753 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 1,888 1,888 2,377 4,243 9,624 15,992 9,971 259 14.214 18.759 Legal and professional costs 9,883 32,723 10,587 37,659 16,731 8 Net expenditure before transfers 2024 2023 This is stated after charging: Depreciation of owned fixed assets Amortisation of intangible fixed assets 1,467 421 1,749 628 Page 15
Home-start Horizons Notes to the Accounts 9 Staff costs No employee received emoluments in excess of £60,000. The average monthly number of full time equivalent employees during the year was a5 follows: 2024 2023 Number Number The average number of part time staff employed in the year The average number of full time staff employed in the year 14 12 The charity operates a defined contribution pension scheme, the costs of which are shown above. Current Contributions on a salary are 8% for the employer and 6% for staff. Any liabilities and assets associated with the scheme are shown under debtors and creditors. 10 Intangible fixed assets Other Total Cost At l April 2023 At 31 March 2024 4,240 4,240 4,240 4,240 Amortlsatlon and Impalrment At IApril 2023 Amortisation charge forthe year At 31 March 2024 2,965 421 2,965 421 3,386 3,386 Net book values At 31 March 2024 At 31 March 2023 854 854 1,275 1,275 Intangible assets refers to software costs Page 16
Home-start Horizons Notes to the Accounts 11 Tangible fixed assets Fixtures, fittings & equipme nt Total Cost or revaluation At IApril 2023 Additions At 31 March 2024 26,783 26,783 884 27,667 27,667 Depreciation and impairment At IApril 2023 22,742 22,742 Depreciation charge forthe year 1,467 1,467 At 31 March 2024 24,209 24,209 Net book values At 31 March 2024 At 31 March 2023 12 Debtors 3.458 4.041 3,458 4,041 2024 2023 Prepayments and accrued income 1,317 1,317 1,026 1,026 13 Current asset investments 2024 2023 Unlisted investments 120,099 120,099 14 Creditors: amounts falling due within one year 2024 2023 Accruals Deferred income 12,165 46,488 58,653 11,098 16,250 27,348 Page 17
Home-start Horizons Notes to the Atcount5 15 Movement in funds Incoming resources {including other Atl April gainsllosses 2023 Resources Gr055 expended transfers At31 March 2024 Restricted funds: Restricted income funds: Shire Community Grant Children in Need Lottery Community NHS Mental Health & Wellbeing The Henry Smith Foundation NHS Charities Together Otherfunds, £1,000 and below Supporting Army Families Leics & Rutland Comrnunity Foundation Armed Forces Covenant Mabs Mardulyn Charitable Foundation Neighbourhood MH Prevention & Resilience 1,238 25,740 150,167 19,455 30,000 9,188 11,2381 (25,7401 (145,511} 118,5651 130.0001 117,4871 {1,450} {2,788) (8901 {3,717) 8,299 1,215 1,450 1,868 3,717 1,215 2,750 2,387 31,200 16,751 12,750) 12,387) 130,9531 116,287) 247 464 65,022 1,584 355,483 {61,140} 11,5841 {353.6441 3,882 Oadby & Wigston Borough Council Total 669 5,167 7,675 Unrestricted funds: General funds 274,301 39,552 1126,1991 15,167) 182,487 Total funds 274,970 395,035 (479,843} 190,162 Purposes and restrictions in relation to the funds: Restricted funds: Shire Community Grant Children in Need Lottery Community NHS Mental Health & Wellbeing The Henry Smith Foundation NHS Charities Together Other funds, £1,000 and below Page 18
Home-start Horizons Notes to the Accounts 16 Analysis of net assets between funds Unrestric ted funds Total Fixed assets Net current assets 4,312 4,312 188,734 188,734 193,046 193,046 17 Reconciliation of net debt At31 At l April 2023 Cash flov March 2024 Cash and cash equivalents 302,150 (176,179) 125,971 302,150 (176,179) 125,971 Net debt 302,150 (176,1791 12S,971 18 Related party disclosures Controlling porty The company is limited by guarantee and has no share capital; thu5 no Single party contro15 the company. PaEe 19
Home-start Horizons Detailed Statement of Financial Activities for the year ended 31 March 2024 Unrestritte d funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Income and endowments from: Donations and legacies Donations and gifts from individuals Revenue grants and donation5 from non-public bodies 750 750 1,721 41,958 355,483 397,441 344,812 42,708 355,483 398,191 346,533 Investments Bank interest receivable 1,739 1,739 1,739 1,739 565 565 Total Income and endowments 44,447 355,483 399,930 347,098 Expendlture on". Charitable activities Defined benefit pension costs Family trips, activities and group expenses Gross wages and salaries Motor and travel costs Premises costs 23,834 23,834 19,860 14,279 14,279 6,468 110,206 262,644 10,953 23,564 335,273 372,850 10,953 23,564 445,480 315,122 8,948 24,985 375,383 110,207 Governance costs HR Support package 1,640 1,640 1,640 1,640 4,283 4,283 Total of expendlture on charltable activities 110,207 336,913 447,120 379,666 Other expenditure Other interest payable 237 237 237 183 237 183 Employee costs staff entertainment Staff recruitment Staff training Staff welfare 27 1,146 475 1,146 475 499 991 4,880 6,501 4,880 6,501 4,236 5,753 General administrative costs, including depreciation and amorti5ation Amortisation 421 421 628 Page 20
Home-start Horizons Detailed Statement of Financial Activities Depreciation of Fixtures, fittings & equipment Bank charges General insurances Information and publications Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Telephone, fax and broadband 1,467 1,467 1,749 1,336 1,801 1,336 1,801 7,683 2.042 431 431 203 17 17 322 603 2,202 2,805 4,090 3,551 25 784 4,335 1,061 907 1,036 1,109 63 2,365 2,428 2,403 6,131 9,971 16,102 21,136 Legal and professional costs Audit/lndependent examination fees Consultancy fees Management charges Other legal and professional costs 2.308 2,308 4,551 520 4,805 7,316 7,316 259 259 711 9,624 259 9,883 10,587 Total of expenditure of other costs Total expenditure Net gains on Investments 15,992 16,731 32,723 37,659 126,199 353,644 479,843 417,325 Net expendlture Transfers between funds (81,7521 1,839 (79,9131 {70,2271 {5,167) 5,167 Net expenditure before other gains/llosses) Other recognised gains and losses Actuarial Losses on defined benefit pension schemes Other Gains {86.9191 7,006 {79,913} 170,227) (4,895} (4,8951 Net movement Én funds {91,814) 7,006 {84,808} 170,2271 Re¢on¢ilÉation of funds: Total funds brought forward 274.301 669 274.970 345,196 Total funds carried forward 182,487 7,675 190,162 274,969 Page 21