i5Ded Copy Home-start Southport & Formby Charlty No. 1108802 Company No. 05360454 Trustees. Report and Unaudlted Accounts 31 March 2024
Homo-start Southport and Fonnby Trustees Annual Report The Irustees, who are also directors of the charity for the purposes of the Companies Act 2006, herein present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. The financial statements h8ve been prepared in accordance with the accounting policies sat out in Note 1 to the accounts and comply with the charivs governlng document. the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 05360454 Charlty No. 1108802 Prfnciple Office First Floor Premier House Wight Moss Way Soulhport Merseyside PR8 4HQ Registered Office First Floor Premier House Wight Moss Way Southport Merseyside PR8 4HQ Dlrectors and Trustees The Dlrectors of the charitable company are Its Trustees for the purposes of charlty law. The followlng Dlrectors and Trustees served durlng the year.. Susan Pennington Heather Twist Emma Ball Nigel Bellamy Jillian Gore Steph Griffiths Shiela Jones Janine MacDonald Sylvia Cafferkey Sarah Rodriguez Stuart Wharton Denese Johnson Alison Welsh Chair Vice Chair Treasurer (Resigned 4th Aprll 2023) (Resigned 4th April 2023) (Resigned 4th April 2023) (Resigned 22nd February 2024) (Resigned 22nd February 2024) Page 2
Company Secretary Kan Cooke Accountsnts Sefton Council for Voluntary Service Burlington House Crosby Road North Watertoo Liverpool L22 OLG Bankers Lloyds Bank PO Box 1000 Andover BX1 1LT Objectlves and Activlties Home-start Southport and Fomby provides free, friendly and confidenllal support to families through our volunteer home visiting, group work and social events. Our trained volunteers work alongside families, offering practical help, emotional support, and guidance. Our mlssion Is to help parents grow in confidence in order to strengthen and enjoy their relationshlps with their chlldren lo the full and to wlden thelr links within the community. We believe that chlldren need a good start In Ilfe and that P8rents play the key role in ensuring that they have a happy and secure childhood to help them reach their full potential. We offer a unique service for families by recruiting and training volunteers to visit families at home to offer informal, non-judgemental, friendly support to help them through difficutt times. Our services across Southport and Formby include.. Weekly home visits to families by volunteers. Weekly Toddler Stay and Play Group. Weekly Best Start for Babies Group to support Parent Infant Mental Heallh. Weekly Pram Walk and Talk Group. Counselling Service. Re-use project. Emergency Food parlS or vouchers. Clothlng and baby essentials supplied during cost of living crisis. Page 3
Free activities in school holidays for all the family. Easter, Halloween and Christmas Activities. Cookery Courses. Mental Health and Wellbeing Courses. Paediatric First AKI Training. Exercise classes. Achlevements and Perfomiance During the year April 2023 - March 2024, we: Supported 548 beneficiaries through home visits, targeted groups, family events and activities. Hosted 329 children and 219 parentslcarers. 92 new families were referred to our service, 293 individuals. On average 70 ben8ficiarles received weekly support through volunteer visits, counselling, or gmups. 25 parents received free counselling from our in-house counselling serrfice. (82 sessions) Volunteers gave 1924 hours supporting families. 88 % of parents reported an improvement in their mental health and wellbelng after receiving Home-start Support 97 % of parents reported f881ing less Isolated 920/0 of parents reported an improvement in thelr self esteem 95% of parents reported being more involved with their children's learning and development Volunteers Our volunteers are the heart of Home-start. Durlng 2023-24 we recruited and trained 5 new volunteers and a team of 40 volunteers offered emotional and practical support to local families. Volunteers attend a course of preparation, receive on-going training and mandatory annual safeguarding refresher training. Volunteers receive 6-8 weekly documented support and supervision from the Famlly Support Co-ordinator. Trusteos All our worf( is overseen and govemed by our experienced Board of 8 Trustees, who meet bi-monthly to review the Managers report, any safeguarding concerns, funding opportunities and financial reports. Susan Pennington {Chalr) Heather Twist (Vi) Emma Ball Nigel Bellamy Jillian Gore Steph Griffiths Shiela Jones Janine MacDonald (Treasurer) Page 4
Our funders, donors, and supporters: Mayor of Sefton Charity, Co-op local causes, Child in Need, Eric Wright Trust, Pears Foundation. Steve Morgan Foundation, Inspira Health Ltd, NFUM, John Lewis, Southport Lions. Iceland Foods Charitable Foundation, P H Holt Foundation, Lakeside Church, Royal Birkdale Golf Club, Foundation Years Trust, One Stop, Tesco Community Grants, Southport Round Table, Carol Halsall, lan Gore. Stuart Wh8rt0n, Cash for Kids, Sefton CVS, LCVS community impact fund, John Moore's Foundation, Mrs Mitchell, Premier Wealth, Linda Macdonald, Alison Welsh, Sue Dexter, Jean Hunt, Yvonne Dyson, Vola Digital, and our 100 club members. Website www.homestart-south ortandfonnb .or Email admin homestartsouth ort.co.uk Flnanclal Revlew The charity had Income of £148,067 (2023 £111,072) and expenditure of £135,635 (2023 £133,437). At 31 March 2024 there were General Funds of £34,411, Designated Funds of £48,887 and Reslrlct8d Funds of £36,916. The charity holds 3 months running costs as reserves, plus the necessary contractual serves to provide for potential redundancy costs. The Trustees are responsible for keeping proper accounting records that dlsclose wlth reasonable accuracy at any time the financial position of the chaiity and to enable them to ensure that the financial slatements comply with the Companies Acl 2006. The Trustees are also responsible for safeguartling the assets of the charlty and hence taking reasonable steps for the prevention and delection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companles subject to the small companies reglme as set out in Part 15 of the Companles Act 2006 and In accordance with the Charities SORP (FRS 102). Signed on behalf of the board S.E. Pennington Chair of Trustees 15 October 2024 K Cooke Company Secretary 15 October 2024 Page 5
Home-Start Southport & Formby Independent Examiners Report Independent Examiner's Report to the trustees of Home-start Southport & Formbv I report to the charity trustee5 on my examination of the financial statements of Home-start Southport & Formby for the year ended 31 March 2024 which comprise the Statement of Financial Actlvities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes. Responslbilities and basis ol report As the trustees of the chartty land also Its dlrectors for the purposes of company lawl you are responsible for the preparatSon of the financlal 5taternents in accordance with the requlrements of the Companies Act 2006 ('the 2006 Act'l. Having satlsfled myself that the flnanclal statements of the charlty are not requlred to be audlted under Part 16 of the 2CQ6 Act and are eligible for Independent examination, I report in respect of rny examlnatlon of vour charity's financlal statements as carrled out under section 145 of the Charities Act 2011 {*he 2011 Act'l. In carrylng out my examlnallon I have followed the Dlrectlon5 glven by the Charlty Commlsslon undersectlon 14515llb) of the 2011 Act. Independent examlner's $tstement I have completed my examlnatlon. I can conflrm that no material matter5 have come to my attenllon in connertion with the examination glving me cause to belleve that: accountlng 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 accountlng requlrements under sectlon 396 of the 2006 Act other than any requirement that the financial statements 8ive a 'true and falr, vlew whlch is not rnatter considered as part of an independent examlnation; or the financSal statement5 have not been prepared In accordance wlth the Charitles SORP (FRS 102). I have no concerns and have come across no other matters In connectlon with the examlnatlon to whlth attention should be drawn in this report in order to enable a proper understandin8 of Ihe financial statements to be reached. lan Wrlght Communlty Accountant Sefton Councll for Voluntary Serrflce Burlington House Crosby Road North Walerloo Liverpool L22 OLG 15 September 2024 Page 6
Home-start Southport & Formby ststement of Financlal Activltles for the year ended 31 March 2024 Unrestrirted funds 2024 Reslrlrted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donatlons and legacies Charitable actlvities Other tradlng actlvltles Investments Other 18,313 1,150 3,042 2,352 123,210 141,523 1,150 3,042 2,352 87.559 20,965 ioi 2,447 Total 24,857 123,210 148,067 111,072 Expendfture on: Charitable actlvlties 26,730 108,905 108,905 135,635 133,437 Total 26,730 135,635 133,437 Net galns on Inve5trnents Net Income/(expendlture) Transfers between funds io 11,8731 14,305 12,432 {22,365) Net Income/(expendlturel before other galns/(losse5) 11,8731 14,305 12,432 122,3651 Other galns and losses Net movernent In funds 11,8731 14,305 12,432 {22,365) Reconclllatlon of funds: Total funds brought forward 83,952 22,611 106,563 128,928 Total funds carrled forward 82,079 36,916 118,995 106,563 Page 7
Home-start Southport & Formby Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 145,715 110,971 Interest and investment income 2,352 ioi Gross Income for the year Expenditure 148,067 111,072 135,230 131.999 Depreclation and charges for Impalrment of fixed assets 405 1,438 Total expendlture for the year Net Incomel(expendlturel before tax for the year 135,635 133,437 12,432 {22,3651 Net income l(expendlture Ilor the year 12.432 122,3651 Page 8
Home-start Scuthport & Formby Balance Sheet at 31 March 2024 Company No. 05360454 Notes 2024 2023 Fixed assets Tangible assets 12 312 717 717 Current assets Cash at bank and in hand 119,643 119,643 108.193 108,193 12.3471 105,846 Creditors: Amount fallin8 due within one year Net current assets 13 19601 118,683 Total assets less current liabilities 118,995 106,563 Net assets excluding pension asset or Ilablllty Total net assets 118,995 106,563 118,995 106,563 The funds of the charity Restricted funds Restricted income funds 14 36,916 36,916 22,611 22,611 Unrestrlcted funds General funds Designated funds 14 33,192 48,887 35,014 48,938 82,079 Reserves 14 Total funds 118.995 106,563 These account5 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2CQ6 relating to small companie5. Forthe year ended31 March 2024 the company was entitled toexemption under section 477 of the Companies Act 2006 relating to small companies. The membeTS have not required the company toobtain anaudit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilitiesfor complying Wlth the requirementsof the Companies Act 2006 with respect to accounting records and the preparation of account5. Approved bythe board on 15 September 2024 And signed on its behalf by.. J fvl-)e-v4 ,-19)24 S.E. Pennington Chair 15 September 2024 Janine Md)onald Treasurer 15 September 2024 Page 9
Home-start Southport & Formby ststement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flow5 from operatin8 actlv•ties Net Income/(expendlturel per Statement of Flnan¢lal Artlvltles 12,432 122,3651 Adjustments for: Depreclatlon of propertyi plant and equlpment Dlvidends. interest and rents frorn investments Decrease In trade and other receivables Decrease in trade and other payables 405 12,352} 1,438 12,5481 595 (7,464) {1,387) Net cash provided by/lused in) operatin8 •rtlvltles 9,098 130,344) Cash Ilows from Investlng artlvltles Dividends, Interest and rents from investments 2,352 2,548 Net cash from Investlng actlvltles 2,352 1,924 Net cash from finan¢ln8 artlvitles Net Increaselldecrease) In cash and cash equlv•lents 11,450 128,420) C•sh arKI cash equlvalents at the be8lnDln8 of the year 108,193 136,613 Cash and cash equlvalents at the end of the year 119,643 108,193 Cornponents of cash and cJ$h equlvalents Cash and bank balances 119,fA3 108,193 119,643 108,193 Page 10
Home-start Southport & Formby Notes to the Accounts for the year ended 31 Marth 2024 l Accountln8 poll¢les Basls of preparation The financial statements have been prepared in accordance with the charity's governlng docijment, the Companles Act 2006, FRS 102 "The Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland" {"FRS 102,1 and the Charitie5 SORP"Accountln8 and Reporting by Charltbes: Statement of Recommended Practice applicable to charltles pParIn8 their accounts in accordance with the Flnancial Reportlng Standard applltable in the UK and Republic of Ireland (FR5 1021" {effective l January 20191. The charity meets the definition of a public benefit entity under FRS 102. Asset5 and Ilabilities are initially reco8nlsed at historScal cost or transaction value unless otheNlse stated in the relevant accounting policy note. The functlonal currency used Is Ihe £ Sterlln8. Assets and liabilities are initially reco8nlzed at historical cost or transactlon value unless otherWe stated In the relevant accountin8 pollcy note. The functlonal currency used Is the £ Sterllng. Preparatlon of the attounts on a 8olng concern basls At the tlme of approving the accounts, the trustees, have a reasonable expectatlon that the Charlty has adequate resources to contlnue in operational existence for the forseeable future. As such these accounts have been prepared under the 8oln8 concern bas15. ChanEe In basls of a¢¢ountlng or to prevlou5 accounts There has been no change to the accountin8 pollcles IvaluatSon rules and method of accountln81 slnce last year and no changes have been made to accounts for prevlous years. Fund accountln8 Unrestrlcted fvnd5 These are avallable for use at the dlscretlon of the trustees In furtherance of the Beneral objects of the charity. These are unrestricted funds earmarked by the trustees for partlcular purposes. These are unrestricled funds whlch Include a revaluat5on reSee representing the restatement of Investment assets at their market value5. These are avallable for use subject to restrict¢ons Imposed by the donor or throu8h terms of an appeal. DÈsi8nated funds Revoluation funds Restrlrted fund5 Page 11
Home-start Southport & Formby Note$ to the A¢¢ounts Income Recognltlon of income Income is included in the Ststement of Flnancial Activities ISOFAI when the charllv becomes entltled to, and virtually certaln to receive, the income and the amount of the income can be measured wlth sufflcient reliability. Income wlth related Where Income has related expendlture the income and related expendlture Is expenditure reported gross the SOFA. Donatlons and legacles Voluntary Income recelved by way of grants, donations and grfts Is Included In the the SOFA when receNable and only when the Charlty has unconditional entltlement to the Income. Tax reclalms on Incorne from tax reclalms Is included in the SOFA at Ihe same tlme as the donations and gifts giftldonatlon to whKh it relates. Donated seThlces These are only Included in income Iwhh an equlvalent amount In expenditure} and facllltles where the benefft to the Charlty Is reasonably quantlfiable, measurable and material. Volunteer help The value of any volunleer help recelved Is not Included In the accounts. Investment Income Th151s Included In the accounts when recelvable. Gainslllossesl on This Includes any gain or loss resulting from revaluln8 Investments to market value revaluatlon of flxed at the end of the year. assets Galns/llosses} on Investment assets Thls Includes any 8aln or loss on the sale of investments. Expendlture Reco8nltlon of expenditure Expendlture Is reco8n15ed on an accruals basls. Expendllure includes any VAT whlch cannot be fully recovered, and Is reported as part of the expendlture to whlch It relates. Expendlture on These cornprlse the costs assoclated wlth attractln8 voluntary Income, fundralslns raisln8 funds tradin8 Costs and investment mana8ement C05t5. Expendlture on These comprlse the costs Incurred by the Charlty in the dellvery of Its actlvitles and charitable activities seNlces In the furtherance of Its obJect5, includSn8 the makin8 of Brants and 80vernance costs. All Brant expenditure Is accounted for on an actual pald basls plus an accrual for 8rants that have been approved by the trustees at the end of the year but not yet pald. These Include those costs associated with rneetiri8 the constltutlonal and statutory requlrements of the Charity, includin8 any audlt/independent examlnatlon fees, Costs Ilnked to the strateglc management of the Charlty, 108ether with a share of other administration costs. Other expendlture These are support costs not allocated to a partlcular activlty. Grants payable Governance costs Taxatlon The charity Is exempt from corporatlon tax on its charftable actlvltles. Trade and other debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dlscounts due. Page 12
Home-start Southport & Formby Notes to the Accounts Cash and cash equlvalents Cash and cash equivalent5 comprlse cash at bank and on hand, dernand deposlts wllh banks and other short-term hi8hly liquid investments with original maturitles of three months or less and bank overdrafts. In the statement of finan¢lal positioft, bank overdrafts are shown wlthin borrowings or current Ilabilities. In the Statement of Cash Flows, cash and cash equlvalents are shown net of bank overdrafts that are repayable on dernand and form an integral part of the company's cash management. Trade and other credltors Short term creditors are measured at the transaction price. Other credttors and provlslons are recognlsed where the charity has a present obligation resultlng from a past event that wlll probably result In the transfer of funds to a thlrd party and the amount due to settle the obll8atlon can be measured or estimated reliably. Credltors and provlslons are normally reco8nlsed at their settlement amount after allowing for any trade discounts due. Pen51on wsts The charity operates a defined contrlbution plan for Its employees. A defined contributlon plan Is penslon plan under whlch the company pays flxed contributlons Into a separate entlty. Once the contributlons have been paid the company has no further payments obli8atloTrs. The contrlbutions are recognised as expenses when they fall due. Amounts not paid are shown In accrua15 In the balance sheet. The assets of the plan are held separatelyfrom the company In Independently admlnlstered funds. 2 Company status The company is a prlvate company Ilmlted by guarantee and consequently does nol have share capital. Pa8e 13
Home-start Southport & Formbv Notes to the Accounts 3 Ststement of Flnanclal Artlvltles- prlor year Unrestricted funds Restrirted funds Total lurKIs 2023 2023 2023 Income and endowments from: Donatlons and legacles Charltable actNlties Investments Other 4,633 82,926 20,965 87,559 20,965 ioi 2,447 ioi 2,447 Total 7,181 103,891 111,072 Expendlture on: Charitable artivities 26,949 106,489 133,437 Total 26,949 106,489 133,437 Net Income {19,7681 12,5981 (22,365} Net Income before other •lnsl(10sses Other ialns and losses: Net movement In funds 119,768) 12,5981 122,3651 (19,7681 12,5981 122,3651 Reconclllatlon of funds: Total funds brought forward Total funds carrled fonvard 103,720 25,208 128,928 22,611 106,563 Page 14
Home-start Southport & Fomiby Notes to the Accounts 4 Income from donatlons and le8a¢les Unrestrlcted Restrlcted Total 2024 Total 2023 Reachin8 Communities Sunrise Project Community Impact Fund Groundwork UK Pears Foundallon Sefton CVS Children In Need Steve Mor8an Foundatlon NFUM Sefton Wellbeln8 Southport Llons John Lewls Iwaltrosel Eric Wright First Flve Foundatlon Groundwork One Slop P H Holt Foundatlon John Moores Foundatlon Llving Well Sefton Co-operative VOLA 35,139 3,000 250 250 1,375 9,995 9,995 6,000 30,300 25,000 3,221 5(X) 7,632 300 30,000 25,OCK) 3,221 51X) 1,453 793 15,(K)O 1,453 793 15,(X)O 300 1,250 24,000 1,250 8,0(X) 500 6,000 1,540 4,938 2,525 1,540 4,938 2,525 Llons Club 1,000 i.oc Homestart - Toddler Rathbones Homestart- Col Grant 250 8arratt Development 100 Club 1,500 3,780 2,383 87,559 3.445 3,445 18,013 141,523 General Donations 18013 18,313 123,210 5 Income from charitable artivities Unrestrlrted Total Totsl 2023 2024 Cost of Livin8 Fund Lottery Community Fund LCR CarÈs Adult And Young People Counselling Cash For Kids 1,215 9,950 150 150 5.oc 4,500 300 Asda 1,150 1,150 20,965 Page 15
Home-start Southport & Formbv Notes to the Accounts 6 Irbcome from other tradlng activltles Unrestrlcted Total 2024 Total 2023 Fundraising 3,042 3,042 3,042 3,042 7 Income from Intments Unrestrlcted Total Total 2024 2023 Interest Receivable 2,352 2,352 2,352 2,352 ioi ioi 8 Other Income Total 2024 Totsl 2023 Other Income 2,447 2,447 9 Expendlture on charltable actlvltles Unrestrltted Restrlcted Total Total 2024 2023 Expenditure on chorltoble octlvltles Cost of Llvln8 Fund 3,199 13,723 16,922 14,453 Employee costs Motor and travel costs 10,604 1,315 6,043 82,194 1.859 5,601 92,798 3.174 11,644 101,495 4,409 4,796 Premises costs Amortlsatlon, depreciatlon, Smpairment, profitlloss on dlsposal of ftxed assets General administratbve costs Le8al and professional costs 405 405 1,438 4,544 620 4,373 1,155 8,917 1,77S 4,378 2,468 26,730 108,905 135,635 133,437 10 Net Incomellexpendlture) before transfers 2024 2023 Thls15 stated after char8in£: Depreciation of owned fixed assets 405 1,438 Page 16
Home-start Southport & Formby Notes to the Accounts 11 Staff costs 2024 86,285 1,044 4,896 92,225 2023 Salaries and wages Social securlty costs Penslon costs 88,661 954 8,113 97,728 No employee received emolurnents In excess of £60,000. 12 Tangible fixed assets Cost or revaluatlon At l April 2023 At 31 March 2024 Depreclatlon and Impalrnient At l Aprll 2023 Depreciatlon charge for the year At 31 March 2024 12,620 12,620 12,620 12,620 11,903 11,903 405 405 12,308 12,308 Net book values At 31 March 2024 At 31 March 2023 13 Credltors: amounts fallln8 due withln one year 312 717 312 717 2024 2023 Other taxes and soclal SeCurV Other credltors Accruals 420 420 1,387 540 2,347 540 960 Page 17
Home-start Southport & Formby Notes to the A¢counts Lottery Community Fund Communbty Impact Fund Groundwork UK Pears Foundatlon Sefton CVS Children In Need LCR Cares Steve Morgan Foundatlon NFUM Sefton Wellbeln8 Southport Lions John Lewls {Waltrose) Erlc Wri8ht Flrst Flve Foundation Groundwork One Stop P H Holt Foundatlon John Moores Foundatlon Livlng Well 5efton Co-operatlve VOLA Cash 4 Klds Asda 100 Club Family Support Workersalary Family Support Workersalary Coronation Party Famlly Support Worker salary Clothin8 Support Senior Co-ordinator Counselllng Managerfs salary Salaries Staff wellbelng Farmer Ted's trlps Core costs Core costs Teddy Bears Tea Party Chrlstmas Party Manager's salary Famlly Support Worker Keeplng Actlve Pram Walks Coun5ellin8 Laptops Support cost of Ilvln8 crisis and counsellin8 5ervlce Support cost of Ilving crisis Charltles own lottery Designated funds: Contin8ency Fund Redundancy Fund Flxed Asset Fund Supports any unplanned expenses Supports payments to employees In the event of a wlndlng up Represents monies ordinarily not available for charitable purposes. 15 Analysls of net assets between funds Unrestrlrted tunds Restrlcted funds Total Flxed assets Net current assets 312 81,767 82,079 312 118,683 118,995 36,916 36,916 16 Reconclllatlon of net cash l (net debt) At31 Marth 2024 At l Aprll 2023 Cash flows Cash and cash equivalents 108,193 108,193 11,450 11,450 119,643 119,643 Net cash / (net debt) 108,193 11,450 119,643 FRS 102 requires and entityto report changes in net debi in the accounting period, Home-start Southport & Formby does not carry any debt or other borrowlngs and has a positlve Thet tash posrtlon Page19
Home-start Southport & Forniby Notes to the A¢counts 17 Commltments Pension commltments 2024 2023 The pension cost charge to the company amounted to: 4,896 8,113 18 Related party dlsdosures Controlllng party The company Is l¢mited by 8uarantee and has no share capital,. thu5 no single party controls the company. Page 20