Registeied Charity Number 1108612 Registered Company Number 05375011 HOME-START OXFORD REPORT AND ACCOUNTS FOR THEYEAR Et4DEO 31 MARCH 2024 •ADIFVN4* 2111212024 COMPANIES HOUSE A23
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HOMÉ-START OXFORD Contents Page Company Information Trustees, Annual Report Statement of trustees, responsibilities Independent Examiner's report Statement of Financial Activities Income and Expenditure account Recognised Gain5 and Losses Movements on Accumulated Funds io li li Balance Sheet 12 Notes to the account5 13.19 Detailed Statement of Financial Activities 20.21
HOME.START OXFORD OMPANY INFORMATIOII Dlrectors •d Trustees Prue Reynolds (Chalrl Linda McDiarmid IresiRned 26.8.231 Douglas Keir (Treasurer) Sally BaAenal IresiRned 13.7.231 Rachel 8ailey-willlams Chaflotte 8eatsoft Catharine Gilson IressRned 30.6.231 ChlDe Johnston lappobnied 01.6.23 Lucy14oble Allson Sutton-Davez•c lappoint¢d 01.6.231 M?rk Uplon lappoiThtedOI.6.231 Ind•p•ndent ex•rnln•r Alder Dernain &Akers 2 Michael Covrt Hannev Road Southmoor OxfordshireOX13 SHR B•nk•r AF Bank Ltd 25, KinRS Hlll Avenue, W•s¢ M•llln8 Kent ME194JQ Telephone.. 0845 072 555$ Wir8in Money Jubllee Hovse, Gosforth, Newcastle upon Tyne. NE3 4PL. A1++0 office 26 KinEfisherGreen Oxford OX4 7BX Telephone.. 01865 649003 Ch•rfty RlIttl•d nymb•r 1100612 wnp•ny Rtylrt•r•d Nurnl)•r 5375011 Employees l•mpl•y•d durlnilh•yMrl Chlef fx•cutlv• Kètharine 8arber HevdofF*mllySupp•rt Alice Dore Kerry Center Wend¥Aldiss Cha¢lie Payne GrowiniMlnrfsCtr#rdlnwtor Lucywhite lrtluslon Co4rdln•t•r Suffia Hussain WltneyFomilyGroup Cothlnot Jan Chrystal Fornlly Supp•rt W•rknr Aline Tefres Office Ilonogeff Melanie Mortim•r AdmiftAssistunt Gunilla Hickmott D¢wel¢pmertAIry• Zena Forster Rachel Haydon Alainto'erien
Home-start Oxford The Report of the Trustees for the year ended 31 March 2024 Introductlon The trustee5 have pleasure in submitting their report and the financial statements for the year ended 31 March 2024 The directors of the charitable company Ithe charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. Their responsibilities include all the responsibilities of directors under the Companies Acts and trustees under the Charities Act. Structure? govemance and management Home.Start Oxford, a company limited by guarantee and not having a share capital. is governed by the conditions contained in its Memorandum and Articles of Association. In accordance with the governing documents, the Board is made up of no fewer than four and no more than twelve trustees. Copies of these documents are available from the Registered Office listed on the Information pa8e, In the event of a winding up, the liabllity of each member or any person who has ceased to be a member in the last 12 months is limited to one pound sterling. The 8oard has the power to fill any vacancies arising in the year, any such appointments to be confirmed by members at the next Annual General Meeting. New trustees are briefed on their obli8ations under charity and company law, on the Board's decision-makin8 process and Strategy and the recent financial performance of the charity. The employees of the charity are listed on the Infomlation page. Objects, vlslon and purpose The objects for which the charity Is established are: To safeguard, protect and preserve the good health, both mental and physical, of children and their parents. To prevent cruelty to, or maltreatment of, children To relieve sickness, poverty and need amongst children and parents of children To promote the education of the public in better standards of child care within the areas of West and Mid-oxfordshire and the environs. Publlc b•n•fit stat•ment. The trustees confirm that they have had due regard. in all their decision making. as to the guidance published by the Charity Commission on public benefit. Home-start Oxford works to SUPPOrt families who are Isolated and vulnerable and to give children the very best start in life. It is committed to equal opportunities and provides an inclusive seNice across central and west Oxfordshire. It works closely with other agencies and partners and contributes to building stronger communities through its commitment to the wellbeing of families and training and support of volunteers. Its cumulative experience is available to contribute to the ongoing development of services for early years.
Thè R•port olthe Trusteeslorthe year ended 31 March 2024 Summary olActSvltles Over the last 12 months we have supported a record 470 families. We are incredibly proud of our work this year, but know there are many more families needing support. The cost of living crisis alon8 With cuts nationally to public spending is still having a disproportionate effèct on vulnerable families, but we are now seeing that the effects are much more far reaching. There has been a continued rise (now 43%) in the number offamilie5 who have experienced domestSc abuse. over 72% of Ouf families told us of mental health difficulties and 83% of oursupported families have more complex nr multiple needs. Our8roups have become an increasingly important aspect ofour outreach programme. We now run 4 groups a week in Witney and Rose Hill, which intludes I baby group and 3 stay and plays. We also support a weekly Growing Minds stay and play group in Llttlemore and hold a Peep learning-together group three times a year. In addition we run holiday programmes in both Witney and Rose Hill. which this year saw 539 attendeesl Our Witney groups have been running for sixyears, and last year Saw 193 famS1Ses attend the groups. Our newer group in Rose Hill has now become a firm fixture in the local community and regularly has over 25 families attend each week. Oneof the things that makes our Home-start groups unique 15 that they are open-acce55. It means all families have access to our 5LlPPOrt and we are seeingjust how important that has been. As with our hom&visiting supported lamllies we are seeing familles attend groups with higher levels of complexity and needs. Our roup coordinator ha5 been able to reach out to families whom we believe to be struggling, and offer 5UPPOrt In a safe, non.judgmental setting. At times we have been the trlgger in getting social care to help lamllles and we have been there to put measures in place for parents who have for example. not received nursery places and are struggling with their children's additional need5. Our home-visiting volunteers have supported 76 familles this year. Whllst emotional support continues to be the most offered 5LlPPOrt, increasingly our volunteers are helping families in areas such as getting out and about and accessing groups and other seryices, whSch1s where our programme offree stay and play groups have become a great platform. Over 50 volunteers help us 5UPPOrt local families. Incredibly, over the last year, ourvolunteers have given over lo,0 hours to Home-start, equating to a donation ofover £113,C4JQ. We are delighted to say that 93% of our current volunteers working with farnilies would recommend volunteering with Home-start. Collaborating with our partner5 continues lo be a key aspect of how we work. We Continue to play è leading role in our Home-start Oxfordshire Consortium and to coordinate the Oxfordshire Early Years Network. We have also been invited tojoin the Mental Health Concordat gfOUP, and now have a seat on Oxfordshire County CouncS1'5 Early Years Board. putting us in a great posillon to push the Earlyyears agenda. OurAnnual Report can be found on our web51te www.homestartoxford.or8.uk and provides further detai15 about all our activities ihisyear. Flnancial Report Total Income fell by 796 to £292,087 in 2023.241£315.1061. malnly due to no grants being received from Home. Start UK122-23 £20,009) . It is worth noting. however,that Home-start UK were very successful in generating and distiibuting income for local Home-starts, including ourselves. during and immediately post the Covid pandemSc. Unrestricted income, which we are Iree io use flexibly, increased by £15,400, while restricted income declined by £38,400.
Hom•-Start Ojtford The Report olthe Trustees for the year ended 31 M•r¢h 2024 Flnancial Report lcont.) In the difficult prevailing fund-raising environment, and with the resource5 available. it was not possible to generate furbds to coverexpense5. Total expenses for 2023.24 rose by only 1% to £309.308122.23.. £305.4721. Within these figures, total salary costs, inclL¢ding National Insurance and pensions, were 55,093122-23.. £244,9531, an increase of 4% and representing 82% oftotal costs. Non-salary costs fell by IO%. the principal contributor being a fall in IT costs after incresases in previous years. The result ofthe changed income and expenses led to a deficit of £17,221, compared to a surpus of £9,634 the year before. Total reserves therefore declined to £230,30912023.. £247,530), of which £202,882 were unrestrtcted and uncommitted. This represent5 66% of total expenses for the year. Rlsk Asseism•nt The trustee5 recognlse and accept Iheir responsibility for ensuring that the risks to which the chafltable company is exposed are reviewed and steps taken to mitigate potential damage by use of appropriate preventative controls and corrective actions. Trustees are aware of the Charities Statement of Recommended Practlce ISORPI and accept the requirement. in relation to all aspects of their work, for regular assessments of operating strength5 and weakness. To thi5 end the risk management strategy comprises an annual review of the risk5 which the charity may lace, the establishment of systems and procedures to mitigate those risks identified,. and the implementation of proceduies designed to minimis• any potential impact on the charity should any of those risks materiali5e. Re$erves Pollcy The trustees have revlewed the level of the charity's reserves whlch are freely avallable for financln8 continuing operations. The trustees considerthat unrestricted reserves adequate to meet the charity's immediate commitmenls, and in addition an amount of approximately 3 months, operating expenses is the practical minimum in order to protecl the continued existence ol the charity and ensure that obligations of current service usetscan be safely fvlfilled. In the current situation of extreme financial Ltntertainty, however, unrestricted reseryes of at least 6 months, operating expenditure are felt to be more appropriate 10 ensure that obllgations to current seThice users can be safely met. At 31.3.24. total unfestricted reserves.. Priorcommitments (potential redundancy payments and project funding) £227,435 -24,553 Unrestricted. uncommltted reserve5 £202.882 Total expenditure 2023-24 £309,308 Investm•nt policy All funds are held in current or interest-bearing bank accounts.
Home-start Oxford The Report of the Trustees for the year ended 31 March 2024 Trusttes, responsibilltie$ statement The charity's trustees are SponSIble for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities IAccounts and Reports) Regulations 2008 . Notwithstanding the explicit requlrement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005. in view of the fact that the SORP 2005 has been withdrawn, the trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015. Company and Charity Law requires the trustees to prepare financial statements foreach 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, includingthe income and expenditure. of the charitable company for that period. In preparing those financial statements the trustees are required to... select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent. and prepare the financial statements on the 80ing concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act 2006, They are also responsible for safeguarding the assets of the company and hence for takin8 reasonable steps for the prevention of fraud and other irregularities. The trustees are also responsible for the contents of the Trustees, report, and the statutory responsibility of the Independent Examiner In relation to the Trustees, report is limited to examlning and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. Mrthod of prep•r•tlon of accounts The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, and in accordance with the Finantial Reportlng Standard 102, leffectlve l January 2016.1 These financial statements 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. This reportwas approved bythetrustees on the . . 2024, and signed on their behalf, by Dou8las Keir Dlrector and Trtsstee .1..12024
Home-start Oxford Independent Examlner's Report forthe year ended 31 March 2024 I report on the financial statements of the company for the year ended 31 March 2024, which are set out on pages 2- 21. Respectlve responsibllitles of trustees and examiner. The trustees, who are also the directors of the company for the PLJrposes of company13wl, are responslble for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under charlty or company lèw and is eligible for independent examination, it is my responsibility to.. - examine the flnancial statement5 under section 145 of the Charitie5 Act 2011. to follow the procedures laid down in the general Directions given by the Charlty Commisslon under section 14515llbl of the 2011 Act. and - to state whether partlcular matters have come to my attention. Basis of Independ•nt examin•r's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examlnation includes a revlew of the accounting records kept by the charSty and a comparison of the account5 presented with those record5. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fairview" and the report is limited to those matters set out in the statement below. Independent ex•mlner's st•t•ment In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that in any material respect the quIrementS.. to keep accounting records in accordance with section 386 of the Companies Act 2006 to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companles Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met; or the financial ststements have not been prepad in accordance with the Charities SORP 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 i order to enab a proper understandlng of the accounts to be reached. Signed.. Dated: Brook Alder Alder Demain & Akers Ltd 2 St Michael's Court. Southmoor OxFordshire, OX13 SHR
Home-start Oxford Statement of Financial ActivitSes for the year ended 31 March 2024 Vnrestrlcted Funds Restrlrted funds Total Funds Total Funds 2024 2024 2024 2023 Notes IncomlnE resources Intomln9 resources Iromgenerated funds Volurituiy Ificonie Activities for generotlng funds Investment Income Incoming resources from choritoble aclivlties 153,691 6,205 3,178 47,061 2CQ,752 6,205 3.178 81,952 I77,405 4,020 1,051 132,630 81,952 Total incomlng resources 163,074 129,013 292.087 315,106 Resources expended Fund.roi5ing COSt5 Costs of charitable octivities 33,032 146,930 33,032 276,276 31,886 273,586 129,346 Total resources expended 179,962 129.346 309,308 30S,472 Net incomlng resources b•lor• transfers betw••n lundi Grosslran$fers between fvnds Incomlng re$ourc•s befor• other recognlsed galns and10s$e$ -16,889 -333 -17,221 9.634 li -16,889 -333 -17,221 9.634 Other galns and losse$ Net movement In funds -16.889 -333 .17,221 9,634 Re¢onclllation olfunds Totolffunds brought fonvard 244.323 3,207 247.530 237.896 Totalfunds cJrri•d forward 227,435 2.874 230,309 247,530 The notes on pages 13-19 form an integral part ofthese accounts All activilies derive from continuing operations.
Home-start Oxford Statement of Flnanclal Activities for the year ended 31 March 2024 Prior year's figures Unrestrtcted Funds Restricted funds Total Funds Notes 2023 2023 2023 Incomlni r•sources Incomlng resources from gM•rated funds Voluntory Income Activitie5 for9eneroting fund5 Investment Intome Incoming resources from choritoble octivitie5 142,600 4,020 1,051 34,805 177.405 4,020 1.051 132.630 132,630 Total incoming resovrces 147,670 167.435 315.106 Resources expended Fund.roi5in9 Costs Costs of charltable octivltles 31.886 105,732 31,886 273,586 167,854 Total resources expended 137,618 167,854 305,472 Net in¢omlng resoyrtes before transfers between fvnds Grosstransl•r$ b•tweeD lunds Net Incoming resource$ before other recogDl$ed i•ins and IosMs 10,052 .418 9,634 li 10,052 418 9,634 other galn$ •nd losses Net mov•m•nt In lundi 10,052 .418 9.634 Recon¢ili•tion of funds Totulfunds brou9htftinvard 234,271 3.625 237,896 Total funds<•rrl•d lorward 244,323 3,207 247,530 The notes on pages 13-19 form an integral part of these accounts. All activities derive from continuing operation5.
Home-start Oxford Statement of Flnanclal Actlvltles for the year ended 31 March 2024 Income and Expenditur•kcount as r¢qulr¢d by the Compani•s Art forthe year ended 31 March 2024 2024 2023 Turnov•r 288,909 314,055 Costs of turnover 309,308 305.472 Operatln8 surplus I dèflclt -20.399 8,583 Interest recelvable Interest payable 3,178 1,051 Surplusldeficlt on ordlnary actlvltle$ before tax -17.221 9,634 Surplusldeficit for the year -17,221 9,634 Retained surplusldeficit for the financlal year -17,221 9,634 All activities derive from continuing operations In accordance wlth the provisions of the Companies Act 2006, the headings and subheadings used in the income and expenditure accoiint have been adapted to reflect the special nature of the charity's activities, Th¢ notes on pages 13-19 form an Integral part of these accounts io
Home-start Oxford Statement of Financial Activities for the year ended 31 March 2024 Statement ol Total RKognised Gains and Losses forthe yearended 31 March 2024 2024 2023 Surplusldelicit ol income over expenditure before rea115ation of 55ets 17,221 9.634 17.221 9.634 Grants forthe acquisition of fixed assets Net movement In Funds 17,221 9.634 Mov•ments In reveny• and capltal funds forthe y•ar ended 31 March 2024 UDr•strlct Funds 2024 Restrl¢t•d funds Tot1 Funds 2013 Total Fun 2024 2024 Accumulated lunds brought lorward Recognised gains and losse5 before transfers Transfer between Fund5 Accumulated funds carrld forw•rd 244,323 -16.889 3,207 -333 247,530 -17,221 237.896 9,634 227,435 2,874 230,309 247,530 being Accumulèted Revenue Fund Fixed A55et Fund 227,435 2,874 230.309 247,530 227.435 2,874 230,309 247,530 li
Mome-St•rt Oxford Balance Sheet as at 31st March 2024 2024 Not* 2023 Flxed Assets Tangible assets io 4.673 S.463 CurrentAsMts Debtors & prepayments Casl) at baiik aiid 15) liai)Ll Tot•lcurrent ass•t$ 22,982 217,335 240,317 19,308 245.490 264.798 curr•nt Iiatyillties mounts due within one year -14,681 -22,731 Net CurrertAsset$ 225,636 242,067 ToL•l ass•ts less Il•blllil•¥ 230,309 247,530 NetAsJ•ts 230,309 247,530 Charlty funds Unrestr5cted funds Restricted funds 227,435 2.874 244,323 3,207 230,309 247.530 The financial statements have been prepared in accordance with the prov15i0n5 relatin8to companie5 subject to the small companies regime part 15 ofthe of the CompaniesAct 2006 and in accordancewith the Financial Reporting Standard for Smallef Entitles. Foi the financial year in question the company wasentitled to exemption under section 477 of the Companies Act relating lo small companies. No members have required the company to obtain an audit of its accounts for the year in questlon in accordance with se(lion 476 of the Companles Act 2006. The directors acknowledge thÈir responsibilitiès lor complySng with the requirementsof the Companies Acl 2006 with respect lo accounling records and the preparation of accounts The charity IS subject to Independent Examination undercharily le8islatlon, and the report of the Independent Examiner is on page 7. The financial Statements have been prepared In accordance with the provisions In part IS ofthe Cornpanles Act 2006 applicable to companies subject to the small company regime. The financial staternents were approved by the tnjslees on11..th......... 2024 and signed on their behall by. Douglas Kelr (Truste• and Dlrertor) The notes on pages 13-19 form an integral part ofthese accounts 12
Home-start Oxford Notes to the accounts for the year ended 31 March 2024 I. ACCOUNYING POLICIES Basis of preparation of the accounts The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard lor Smaller Entities IFRSSEI. effective April 2008, and all other applicable accounting standards. as modified by the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. effective April 2005. The accounts have been drawn up in accordance with the provisions of the Charities Act and the CompaniesAct. In so far as the Statement of Recommended Practice for Accouftting and Reporting ied by the Charity Commissioners for England & Wales, effective April 2005 requires compliance with specific Financral Reporting Standards other than the FRSSE then the specific Financial Reporting Stand3rd5 have been followed where their requirement5 differ from those ofthe FRSSE. The company hbs taken advantage ofthe exemption in Financial Reporting Standard No i from the requirement to produce a cash flow statement. The particular accounting policies adopted are set out below. Risks and futur¢ assumptlons The charity constitutes a Public benefit entity as defined by FRS 102 A¢countln8 ¢onv•ntlon The financial statements are prepared on è going Concern basis, under the historical cost convention as modified by the revaluation of freehold land and buildings and fixed asset investments. The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing 8rant ald. Incoming Resources Incoming resources are accounted for on a receivable basis, but will be deferred where appropriate in line with the pollcy stated below. Investment Income Bank Interest received is included on an actual receipts basis. 13
Home-start Oxford Note5 to the accounts forthe yearended 31 March 2024 I.ACCOUNTING POLICIES- CONTINUED Deferred income In accordance with the Statement of Recommended Practice for Accounting and Reporting leffective April 20051 issued by the Charity Commi5sioner5 for England & Wales grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met, and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met. are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts. R•c•gnltlon ol Ilabllltl•s Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting leffective April 20051 issued by the Charity Commissloners for England & Wales . Resources Expended With the exception of fund-raising, all the activities of the company are considered to be charitable activities, and, as such, the costs have been aggregated in the income statement. This includes the direct costs of providing services to beneficiaries. the training and support of volunteers and the salary and pension costs of employees involved in facilltating the above, including th05e related to the mana8ement and govenance of the organisation. A break.down of these costs is given in the notes to the accounts. Flxed 4s$•ts and deprociation All tangible fixed assets, except freehold land and buildings, are stated at cost less depreciation. Freehold land and buildings. where held, are stated at a valuation arrived at by a professionally qualified firm of valuers, who valued the assets on the basis of open market value in current use. Items of less than £1,000 are not capitalised. Depreciation has been provided at the following rates in order to write off the assets {les5 their expected residual value) over their estimated useful economic lives. Plant and machinery 25% straight line A regular annual review of the likelihood of asset impairment is undertaken. 14
Home-start Oxford Notes to the accounts forthe year ended 31 March 2024 I. ACCOUNTING POLICIES-CONTINUED C•pltal gr•nts The board of trustees consider that, in order to comply with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective October 20051. gifts of tangible fixed assets or grants of a capital nature given for specific purposes and fully utili5ed in the furtherance ofthe objects of the charity should be credited to the relevant fixed asset fund after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the full cost of acquisition or subsequent revaluation. 11 the related assets are subject to restrictions by the grant making organisation on their use and disposal, then these restrictions are noted in the fixed asset section of these accounts. In such circumstances, the fixed asset fund created is treated as a restricted fixed asset fund. A5 the related assets are depreciated, then a transfer is made from restricted fixed asset funds to unrestricted revenue reserves to reflect the dimunition in the asset subject to the restriction. If the related assets are not subject to restrictions by the grant making organisation on their use and disposal, then the fixed asset fund created is treated as a designated fixed asset fund. As the related assets are depreciated, then a transfer is made from designated fixed asset funds to unrestricted revenue reseNes to reflect the dimunition in the asset. Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would tri88er repayment of the grant becomes probable in which case a liability for repayment is recognised. Insofar as this policy relate5 to Government grants and to the extent that it may be a departure from the Statement of Standard Accounting Practice Number 4. such departure isjustified on the basis that it is in order to comply with the Statement of Recommended Practice for Accounting and Reporting leffective April 20051 issued by the Charity Commissioners for England & Wales. T•x•tlon As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the companyj and 15 therefore included in the relevant costs in the Statement of Financial Activities. Funds strurtur• policy The charlty maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance ofthe objects of the charity. Such funds may be held in order to finance both working capital and capital investment, Restricted fund5 have been provided to the charity for particular purpose5, and it 15 the policy ofthe board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. 15
Home•Start Oxford Notes tothe accounts fortheyearended 31 March 2024 I ACCOUNTING POLICIES- CONTINUED Funds structur• poli¢y (continued) A fixed asset fund is maintained which represents the written down value of tangible fixed assets, and is divided into a restricted fixed asset fund representing the written down value of those assets subject to restrictions, with the balance being in a designated fund representing the written down value of those assets free of restrictions. The detailed operation of these funds is described under the accounting policy ' Capital grants,. Any surplus on a Restricted Fund which has ceased and where the donor has confirmed full completion with the service criteria and which relates to estimated apportionment of charitable or governance and administration costs will be transferred to the Unrestricted Fund to support the remaining costs and disclosed in the notes to the accounts. 2 WINDING UP OR DISSOLUTION OFTHE CHARITY If upon winding up or dissolution of the charlty there remain any assets. after the satisfaction of all debt and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 3 SURPLUS FOR THE FINANCIAL YEAR 2024 2023 This is stated after creditin8 Income from ordinary activities 292.087 315,106 and after charging:" Depreciation of owned fixed assets Indemnity Insurance for trustees and employees 3,030 1,115 1,870 1,242 Funds belon8ing to the charity have been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustee5. employees or agents, or to indemnify its trustees, employees or agents, against the consequences of any neglect or default on their part. 4 STATEMENT THAT NO FEES WERE PAID TO TRUSTEES OR CONNECTED PERSONS There were no fees or other remuneration paid to tru5tee5. Trustees. training and business-related travel and other expenses were paid. 5 INVESTMENT INCOME 2024 2023 other bank deposit interest received 3,178 1,051 16
Home-start Oxford Notes to the Accounts forthe yearended 31 March 2024 6 DEFERRED INCOMING RESOURCES& RESERVES- RESTRICTED FUNDS Released from prior years Gross Income received Opening deferrals Additional deferrals Closing deferrals R•stricted Funds Alex Timpson Trust BBC Children in Need CAG Oxford City of Oxford Charity Jim Cousins Trust Nat'l Lottery Awards for All Oxfordshire Community Foundation 6,714 500 1,500 1,000 2,500 5,833 6.714 500 1,500 1,000 2,500 5,833 9,000 2,000 2,000 2,020 3,0¢)0 3,000 3,Cw)O Total (Restricted Funds) 19.047 19.047 14.020 5,000 5.000 2024 2023 These deferrals are included in credito 5.000 19,047 The deferrals included in creditors relate to those grants and donations specified by the donors as relatin8 to specific periods and represent those parts of the grants or donations which relate to periods subsequent to the accountin8 year-end and are treated as grants in advance, or alternatively where there are condltions which must be fulfilled prior to entitlement or use of the grant or donation by the charity. 7 STAFF COSTSAND EMOLUMENTS 2024 2023 Gross salaries Employer's National Insurance Employer's Pension Contributions 232.975 17,430 9,687 260.093 225,959 15.381 8,604 249,9H 2024 2023 Number ol full time employees orfull-time equivalants There were no employees that received remuneration amountin8 to more than £60,000 perannum. The charity has an active auto-enrolment compliant, defined contribution, pension scheme open to new members. It also has a closed auto-enrolment non-compliant. defined contribution, pension scheme. The assets of both schemes ère held separately from the assets of the charity, being invested with a master trust pension fund and an insurance company respectively. Pension costs charged in the SOFA represent the contributions payable by the charity in the year. 17
Home-start Oxford Notes to the Accounts forthe yearended 31 March 2024 8 DEBTORS 2024 2023 Trade debtors Grant debtors Prepaid expenses 22.700 282 22.982 19.039 269 I9,308 9 CREDITORS:AMOUNTS FALLINGOUEWITHIN ONEYEAR 2024 2023 Othercreditors Accrued expenses PAYE and Nl Pension Contributlons Copier lease creditor Deferred Sncome and grants in advance Isee note 6 162 1,590 5.004 43 1.861 43 2,882 5,000 14,681 1.780 19,047 22,731 10 TAMGIBLE FIXED ASSETS 2024 Office Equipment 2023 Office Equipment Cost At l April 2023 Additions At 31 March 2024 29.022 2,240 31,261 29,022 29.022 Depr•¢latlon At l April 2023 Charge lor the year At 31.March 2024 23,558 3,030 26.589 21.688 1,870 23,558 NBV at 31 March 2023 NBV at 31 March 2024 5,463 4,673 7.334 5,464 The Net Bookvalues above represent the whole ofthe a55et5, however funded. 18
Home-start Oxford Notes to the Accounts forthe year endéd 31 Mar<h 2024 11 PARTICULARS OF INDIVIDUAL FUNDSAND ANALYSIS OF ASSETSAND LIABILITIES REPRESENTING FUNDS AT 31 MARCH 2024 Unrèstricted Dèsignated Rèstricled Funds Funds Funds At 31 March 2024 Total Funds Tangible Fixed Assets Net current assets 4.673 222,762 4,673 225,636 2.874 Total Funds 227.435 2,874 230,309 The Indlvidual lund$ intluded abov• are',- Funds at I April 2023 Net Funds at 31 March 2024 Transfers resources Restrirtedfunds Brook Trust City of Oxford Chaiity Feed UK St Mary Magdalen Parish Charities 3.055 -1.068 134 250 351 1,987 134 250 503 152 UnrnstrlrtedFund 244,323 -16,889 227.435 TOTAL CHARITY FUNDS 247,530 -17,221 230,309 12 ENDOWMEMTFUNDS The Charity had no endowment funds in the year ended 31 March 2024. 13 SHARE CAPITAL The charity is incorporated under the Companies Act 2006 and is limited byguarantee. each member having undertaken to contribute such amounts not exceeding one pound as may be required in theevent of the company being wound up whilst he or she is Still a mernber orwithin one year thereafter. 19
Home-start Oxford Notesto the Accounts forthe year ended 31 March 2024 5t•tus of this schedule to the Statement of FlnanciJlAclivitie$ The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. effective April 2005 As Such, they form a part of the accounts required by the Charities (Accounts and Reports) RegulatSons 2008. They do not form a part of the accounts required by the provisions of the Companies Acts, but to some extent they may duplicate information found elsewhere in the accounts. INCOMING RESOURCES Vnrestricted Restricted Funds Funds 2024 Total Funds 2023 Total Funds Incoming resources from generated funds Voluntary income Donations Irom Trusts and Corporate bodies Total 45,866 97,705 143,572 14,547 32,514 47,061 60,413 130,220 190,633 26,579 139,402 16S.981 Glfts in klnd, donated servl<•s and f•cilltles Donated volunteer expenses Total 1,189 1,189 1.189 1.189 1,424 1,424 Total volunt•ry Income 144,761 47,061 191,822 167,405 A(tlvltles for 8ener•tlni funds Fund-raising activities Total of Actlvlties for 8•neratlnz funds 6,205 6,205 6,205 6,205 4,020 4,020 Inve$tment Income Bank interest rceived Total Investment Income 3,178 3,178 3,178 3,178 1,051 1,051 In¢omin8 resources from £harit•ble artlvltles Service related grants.. charitable seNices to beneficiaries Total Incornine r•soyrc•s from ¢harltabl• actlvities 8,930 81,952 90,882 142,630 8,930 81.952 90,882 142,630 Total Incoming resources 163,074 129,013 292,087 315,106 20
Home-5t8rt Oxford Notes to the Accounts forthe year ended 31 March 2024 Unrestricted Restricted Total Funds Funds Funds 2024 Total Funds 2023 RESOURCES EXPENDED 2024 2024 Cost of generating lunds Gross wages and salaries including penslons Other I SLbndry 30,776 2,256 30,776 2,256 30,326 1,560 33.032 33.032 31,886 Cost olcharltabl• actlvltl•* Staff Salaries Travel and Subsistence Training Recruitment Other 111,525 1,861 1,593 1,037 112.792 2.681 io 224,317 4.542 1,603 1,037 214,627 4,755 1,816 319 93 Volunteers Travel and Subsistence Tiaining Recruitment Other 1,541 664 31 811 2,352 752 31 2,831 590 106 89 1.006 1,006 390 Groups. family events & beneficiaries Venue hire Resources & other 8eneficiaries 2.928 2.596 2.682 2,928 4,171 2,682 2.535 2.439 3,335 1,575 Premises Rent Service charges Venue hire, moving & other 2,025 3,378 105 1.000 3,02S 3,378 114 2.200 2,478 4,103 Officel admin IT related, incl. depreciation Printing incl. equipment depreciatioi Telecom5 Other 5,889 1,567 3.686 4,060 700 180 400 341 6,589 1,747 4,086 4,401 13,661 450 5.186 3,738 Governance & scheme management Insurance Fees H-SUK Levy Trustees, costs AGM, annual report, PR 1,068 365 2S5 1,323 365 4.872 800 35 5,672 183 4,869 760 -59 33 -26 -375 Total 146,930 129.346 276,276 273,586 21