Company Registered Nuillbcr 5385393 HOME-START WATFORD AIYD THREE RIVERS DIRF.CTORS' REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2022 ChaTlty no. 1108847 Compally no. 5385393
FIOME-START W ATFORD AND THREE RIVERS A COMPANY I.IMTTED B Y GUARANTEE FINANCIAL STATEMENI'S FOR fHTr. YfrAR ENDED 31si MARCH 2022 Contents Pages Company Details Report of the Directors: Siructiire, Cjovei'nance & Manageinent Ilisk Policy Statement of Dii'ectors, Responsibilities Aotivities Pay Poli¢y Future Plang Repoil of the Examinej. Statement of Financial Activities Balance Sheet Notes Forming Part of the Financial Statement5 8- 18
HOME-START WATFORD AND THREE RIVERS A COMPANY LIMITED BY GUARATrifF REPORT OF THE DIRECTORS roR THE YEAR LtNDFD 3131 MARCH 2022 DirectoTs'. Simoi) Boiilcoti Bernic C.i)Icman Siinoiie f.ollins Georgina Sturmer Stephen Hcwett Katn Johal Suphie Linington Jillian Lipton Rena Patcl John Robin50n Amy Willcoy-smith Claire Buckland Gl¢n Saffery Lhaii. (r¢5igned U()/OIV2021) Ircsigncd 2610512021) (apinted 26105120211 (resigned 0910812021) Ircsigrted 2911012021) (ap¥Inted 26101ll0221 (appointed 23103120221 Secretary.. Emma Power- Chief Executive Offic¢i' (unlil 3 11051221 Reglstered Office: The Xchange Wilinington C105e Watfoiyi Hert5 WD180FQ SAfeguArding Advisoi.: Svphie Linington ldepelidet IAxaminei': l)avid M Green FC.A (lower% Limited The Old School H0115e Bridge Road Hunion Bridge KiD8s Langley Hrrts WD48SZ BAnkers Lloyds TSB Intu Centre Watford H¢TIs WI)172UB
FIOME-START WATfoRD AND THREE RIVERS A COMPANY LIMITED B Y GUARANTEE RF.PaR T OF THE DIRECTORS +()R THJ,. YAAR FNDED 31.91 MARCH 2022 I'he'l'rustc&s have pleasure in submittin8 their report together with the financial statements for the ycar cnd¢d.11 Maich 2022. Thesc fjnancial slatenients comply with curreiit statutory reqiiiremenls and tlic rcquirements of the Chdl"Ity's governiJi&i Ik)cuinent. Sti'uctui'È Guvtrnatice & MaiiA I loille-stai't Waifi)rd and 'l'liiie Rivci's1118W&TR) 1.% a rcgTEtered charity No. I ION847 a Company l.imited by Ciuar3nte¢- No. 5385393. regislcred in 21X)5. Thc charity lias no share capital alld i.E govemed by its Mcmornndum 8nd Articles of Association. The wlicy. siratcgy. and gen¢Tal management of HSW&TR is directed t)y the Board ofTru5tees who air the DiiELtors of the Company and ivho Ineet at least every Im'o tnonths IYLognising that they are requiTe(l io meet no f¥wer than four tiines in each finaiicial year.'fhe Bi)ard of Trii%lecs ts supported by profesEioiial Advisers M'ith an inteiest in thc wclfarc of familie5 and young children. The day-lo- day management 1.5 delegated tn a Chief Executive Officcr who 5UPPOTts and superyises a team of salaried stoff. The Objects of thc Charity ttr¢ Carried oiit by staff and trained volunteers. who aiE parent5, offering regular siipport. friendship and Pl2Ciical help lo fatnilies under stress, primarily in theirown homes, and sometiines in support gyi7)ups, helpingto prevenl family crtsis and breakdoivn. Volunteers are supported by the team of experienced staff. The MemoTandiim and Articles of A5.%ociatÈon require the Bnard of Tru%lccs to comprise between 4 and 12 T¥iistees who 31E fortnally appointed by thc mcmbcr5hip at A(iMs.'I'rustee5 may co-opt other Tru5tecs who will only Stand in offite until the following AGM whell they must be foFmally put forwaTd for election if they wish to r¢ma5n in offi¢e. The Truste¢5 holding office in the year lo 3 1st Mar¢h 2022 aTe detailed on Page l. The Trustees of the Charity have no interest in any contract with the Charity nor do they receive any remuneration foi. theii. sernriec. Membership of HSW&TR is open to any indivtdiial or oi'gai)isation interested in PTomotin&T the charity's Objects K%,ho applie5 to the Ch2rily in the manner required aiid approived by the Tru5tee5. HSW&TR has a Lomprehensive equal opportunilies and diveI51ty poliLyJ which Lllsiires that all slaff volunteers are recruited rEgaixllcssol'eihnicity. religion. ag¢y gender, orsexiiality. We alsts strive to a¢conimoda(e those with physical difficulties. Familic5 al'e 5UPPOrted regardless of ethni¢ity, Teligion, agc, gender or5cxuality of the parentls). A IE8ularly rnonitorcd Community profile en5ure5 that volunteers are proactively encouraged from 211 se¢(ors ofthe local community. Although HSW&TR is an independent charity, a5 a HoTne-Start oi'ganisation we are atYilia(ed to the naiional bod),, Home-siwt UK; a Charitable Trist founded in 1973. Ovei. 200 Home-S13Tt scliellie5 tnay be found throughout the UK, each an indLpcndcntly registei'ed cliarity. fiinded and Inanagcd lOlly. l.lorne.Start UK suppoits local schemes by providing services such as training, infoiination aTJd legal and Eafeguarding advicc. Ilome-8tait UK alEts defTnes quality standards for service provision. Each sch¢rne works within Home-start UK Stand3rds and Methvds of Ptaclice, Ivhich are audited evcry thrce yeai"s against a set of rigorous critei'ia cov¢rin&7 all Jspecls of governance, management, and financial controls.
HOME-START WATFORD AND THREE RIVERS A COMPANY Llfvll'fEI) DY GUARANTEE REPORT OF THE DIIIBCTORS FOR THF YFR ENDED 3151 MARCI.1 2022 'I'lie'T'I"u8lees conduct rcgular revie1 of the majoi. risks to which the Charity may be exposed. Where appropi'iate, systetns oi. procedures have been estdblished to miti&Iate tninimise identified risks by implemenlation of piY)cediiiES, inLluding authoi'isation of all Iransa¢lioii£ and i)rojects. IJIoLeduiE£ klTe in pldLe lo eiisiiie coinplidnce witli dll slatiitory iequiremciits iiicludiiig, eiy)ployiiieiit law. liealtli and safely of 51dffand voliiiileci., and data i)ratcctian. A Safcgiiarding Policy is in placc and l)isclosure and arring sei'vice chccks are cairicd oiit on all vnluntcers and cniployees ivho are likely to come into contact with vulnerable children or adults. StAtemeJ]t ofTI'ustees'R¢s onsibilitie¥ The Ti'ustee5 dre respoi)sible foi. PlEPtLring the fJnanLial slatemenls ili accordance with appltcable law
nd regulxlions.
Company law reqiiire5 the I'rustecsto prepare financial statemenls for cach financial year. Underthat law. th¢'fru.%te¢s have clected to prepare financial sttti¢ments in a¢¢ordan¢e with United Kingdom Gen¢i?Ily Accepted A¢counting Practice (United Kingdorn Accountinuj Standard5 and applicable Idwl. The financial slalements air required by law to Etve a Iriie and fair iiiew of tlie state Of affair5 of the Charity and of the profil or loss of the Charity for that PETiod. In prepaTing those fjnantial statements, the Trustees dre required to.. selecl suitable accountiiig policic% and then lo apply them consistently.. make jud8ements and esliinates that are Te3£0nable and prudent,. PTepare the fin<iiicial slatenients on the uoing LonLem basis unless it 15 inappropriate lo presume Ihdt the chai'ilabl¢ company ivill stay in bu%iness. The'fru5tces arc responsible for keeping proper accounting records that disclos¢ Wlth reastsnable accuracy at any time the financial position of the Charity and that enable them to ensure that the stat¢m¢nts ¢Otnply with the Companies ALt 2006 and accounting statement FRS102. They are also reswnsibl¢ for 5af¢guarding the assets of th¢ Chyrity and for taking reasonable Steps for the pJrv¢ntion and detection of fraud aiid oih¢i' irregularities. Thc Trustees ot. HSW&TR with the siipport of its staff aim to cnsurc that.. the 8clieni¢ hgs adequate funds to support currentaGtiviti6s and envisaged future expenditure. trLislees are inducted, DBS checked, trained and supportcd to cllable thcm to fulfil their IDles and responsibilitics,. staff are recruited, indiictcd. trained. suppoilcd. supcrvi5cd arjd developed in accordaDce with good cmploymcnt practice: horne-visiting voliinteei's are r¢cruittd from all sectors of the community. areDBS checked, undertak¢ the %theme's comprehen5iv¢ prepardtion course 8nd r¥¢eive vng(iing trainin support and sup¢rviblDn: trustces, staff and voliintecrs are actively ¢nCOUTaged to develop theiT skills and to sup¥x)rt each othei. to meet the needs of HSW&TR and individual needs., the scheme develop5 additional activities and services as need 15 identifJ¢d and wheje adequate fundiii&7 Can be obtained., recruitment campaigns and I'¢8iilar pieparalion courses are nin to maintdin a telim ot'trdined voluiiteers able lo meet the number.% of appr()priale referrals wjlliin a IEasoi)able waiting tiinc. the service proiiides best piactice in safegLiaixliiig' volunteers aT¢ carefully matched to familie5 to provide ai) appTvpriate service for ea¢h family'5 needs,.
HOMF-START WATFORD AND THREE RIVERS A COMPANY LIMI'I'LD BY GUARAwfEE REPORT OF THE DIRECTORS FOR TIIF YFIR ENDED 31.¥1 MARCH 2022 the schein¢ maintains EK)51tiiiL. links and partnerships ivith %lalutory and voluntary agencies the schen)e maii)iains d high pix)file FNiihin Ilie Ii)cal commuiiity all actiirities, feBdbaLk froin voliiiileei's aijd fainiliey aiid Ii'aiiiiiig air monilore(l ai)d evaluated the Olee5 and facililies of HSW&TR and oihei. veniies used foi" Iidining oi. fLinctions provide safe, heallhy aIid Appropi'iale eiiyiroiiineiit for Staff. valiiiiteers 4tiid visiloi%,' ielevant news dnd iiifoijiiatiull is c2rtulated to sia(r, voliinieers and Irustees. appropTiate adminisiralive and recording systems air in place., the schemc opcratcd a chai'ity shop in 5UPPOIt oFitS susldtnable funding policy and 10 pi'ovide iJnBe ofvolunteering opportunities. Durinu the year to 3 1st MarLlI 2022 the Board decided to close the shop as ils Lontiniied operation ivas nol econoniicall), viable., service delivery continued by retnote suppoi"I due to the Covid-19 pandemic in the first pari of the year and s(atY, volunteei's and truqtees operated fi'om home when required by RegulatlQn5 tn do so. In the lattcr part ofthe year facc lo face servie&% were Ir%tored whcrc T)5k assessments showed thi5 to be appropriate. The Chai'ity's fundraising activitl¢S ilTe community based and staried again towai'ds the latter part of the year where risk assessments deern¢d Ihein to be appropTiale. 'T'hc Bodrd of Tyuslees and Ihe.%enior illanagement team tomprise the key managemettt personnel of the Cliarity> in charge of directing and contiDlling, running and operating the Charity on a day to day basis. All fi'u5tee5 give of their time freely alld no fru5tee received iemuneratton in the year. Delails of Trustees. expen5¢5 and reldted pariy traiisaLtions are disclosed in note 13 to the accounts. Th¢ k¢y mlln#gemeni remuneration w>li¢y is set by the Trustees and is reviewed on an annual basis as part of (he budget selling process. 'utUTe Plan5 .lomc-Start Watford Three Rivers is proiid of the 5UPPOIt w¢ give to many local familie5. In order to cnsure our long tertn futur¢ M'e cont&nue to seek new multi-year sources of funding. We ale grateful to the effort of all staff. volunt¢eT5 and donors who Lontinue to siipport us. We will continue to strive to meet our core aims and move towards the objective of reaching SU5tainability over ihe mediiirn to long tei"tn, thus ertabling us to attract and train qiialified staff and voluiiteers, to 5llPPOIt more familic% and Children in our catchment are4. Th¢ Charity has a well-developed and robust strategy going forward. The Truste, Report was approved by the Board ofTrustees on 21. S¢ptanEfr2022 Signed for aiid on behalf ofthe'fiwste¢5 Simone Collins Chair- Home-start Waiford and Tliree RiveTS Date.. 20-IQ-ZQ2Z
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF HOME-STAR'I. WATFORD AND THREE RIVERS A COMPANY LIMITLD DY GUARANTEL FOR THF YEAR ENDED 31si MARCH 2022 I Irport on the o¢¢ounts ofthe conip&ny foi. the year ended 3 1st March 2022, which are setouton pages 6t0 18. Rtspeetive i'e5ponsibilit1¢5 nf trustees txAniinei' The truylees (who are also the director% of Ihe charitable company foT Ihc pui'po.se5 of cornpany law) aiE rc.sponsiblc foi. tlie pirparation of the aecoullts. Thc ti'iistCCS Collsidcr that an audit is not IEquired for this )'ear under scction 144(2) of the Charities A¢1 2011 (the 2011 A¢t) and that an Indepedent examinatinn is needed. Having 5atlsficd myself that the ¢harity is not subject to audit under company law and is eligible for independent cxamtnation, it is tlly responsibiliiy to: examine the at¢ounts tjnder section 145 of the 2011 Act- to follow the pit)¢eduies laid down in the geJiei¥l Directions given by the Charity Commission under section 145(5)Ibl of the 2011 ALt,' aiid state %vhethei' particular matiei% have come lo my aLtention. BA515 of independeMt examiner's report My exainiiiation ivas carried out in accord3Hc¢ with the GeneTal Direfjtions given by tlie Charity Commission. An cxamination includes a revieiv of the accounting records kept by th¢ charity and a comparison of the account5 presented with those records. It also includes consideration of any unLISLi&I items or disclosures in ihe accounts. an(1 seeking explanations fi.tsm you ti'uste¢s Luncerning any sutyh matte. The pru¢edures undertaken do iiot PL'ovid¢ all the evidence that ivould b¢ required in an audit and consequently no opinion is given to ivhether the dccount5 present a 'true and fail. view. and the report is liniited to those malters set out in the statement belnw. Independent ¢x4mln¢r'$ Statement In connectioji ivith my e.xamination, no tnatter has come to my attention.. (11 IvhÈch gives tne rea50rtable cause to believe that in any matei'ial respect the requiirm¢nts.' to k¢ep accounting records in accoTdan¢¢ with section 130 ofthe 201 l Act., and to prepare aLcuunts which accord witli tlie accounting TecoTds and comply with the accounting requirenients of fRSIO2 &nd the 201 l Act hav¢ not been tnet. or (21 to lvhich, in my accollnts to be r chcd attention should bc droivn in order to ¢nable s proper under%t8ndingof the David M reen Goiveis Limited 'I'he Old Sthool House Bi'idgc l<oad Hunton Brtdgc Kings Langley H¢rts WD4 8SZ Date-
HOME-START WATFORD AND THREE RIVERS A COMPANY LIMITED B Y OUARANTEE SI"ATEMLNT or FINANCIAL ACTIVII'IES INCLUDING INCOMf AND EXPENDITURE ACCOUNT FOR THE YEAR FNDFD 31.91 MARGH 2022 Notes Uni'estricttd RestriEtcd 2022 2021 INCOMI.: ',110M: l)onation.% ¥nd legacies Chai'itaF)Ic activitics 113.451 17.808 131.259 96,226 194,918 194,918 151,234 Olliei-trading activities 42,827 1.375 44,202 2,897 TotaE Ineome: 156,278 214,101 370.379 290,357 EXPENDITURE ON: Raising Funds Chai'ilable activities 74.153 74,153 51.746 45,305 246,177 291,482 228,428 Governancc 1,212 1,212 1,200 TOTAL EXPII IYDITURE 120,670 246,177 366,847 281,374 Net imcomelexpenditure Movement in provision for pension deficlt 35.608 (32.076) 3,532 8,953 5,428 5,428 1,289 TrHn5f¢i'5 between funds 127,912) 27.912 NET MOVEMENTIN fiUNDS 13,124 {4,1641 8,960 10,272 Reconciliation of Fund5'. Total funds brouuhl forward Total fttnds corrie41 forward 64,713 18,754 83.467 73,195 15 77.837 14,590 92.427 83,467
HOME-START WATFORD AND THREE RIVERS A COMPANY LTMITFJ) BY GUARANfEE BALANCE SHEET A,gA T 31bl MARCH2Q22 Notes 2022 2021 rixri D ASSFTS aiigible fixed asse15 12 C.IJRRENT ASSE4TS Deb(oi's and prepaid expense5 Cash at hand aiid iii bank io 18.749 197.452 216.201 28,963 199 566 228,529 CREDITURb: Arnoun15 falling du¢ rithi17 one year 16 122232 138092 NTr;-I' C.IJIiRI,.'NT A8.SETS TOTAL ASSETS LESS CURRFN'I. I.IAIIILITILIS 93.970 90.438 D¢fin¢d bethefit ptnsion lifibility {1,543) (6.971) NET ASSETS 92,427 83,467 INC()ME FUNDS Unre51rirted funds Unreslricted income funds Pension Reserve 79,380 71.684 77,837 64,713 Restricted Funds 14.590 18.754 TO'fAL TrUNI)S 16 92.427 83.467 l-he notcs on pages 8 to 18 fomi part of the5¢ financial statements. For the year ending 315t M8r¢h 2022 Ihe company was entitled to exemption from audit under section 477 of the Companies Act 2006 Irlaiing to small companies. DirectOT5' reSFK)ll5ibilities.' The metnbeis have not rcquired the company to obtain an audit of its account5 for the year in questlDii in accordanc¢ with section 476: The directoi's ackiioivledge their Ir%ponsihilitic.s foi. cotnplying ivilh the rcquirern¢nl% of the Aot ¥ith respect to ateounling records aiid thc prcparation of accounts. The financial statements iv¢r¢ approved by the board oftrustees on 21$1 and sikined on their behalf by ptember2022 DiTeGtor Simone Collins Director John Robin50n
HOME-START WATFORD AND THREE RIVERS A COMPANY LEIMITED B Y GUARANTEE N01'ES TO THE ACCOUNTS YEAR ENDED 31sr MRCH 2022 Coiiiyftiiy liiniled by %uArAntee Hoiiie-siart Illatfoi'd & TliiE# Riveis is a LonJp4liiy incoi'porated iti Enkland liinited by BildranieeNo. 5385_3C)3 and is a ie8isleiEd charity No. 1108847. The exlejit of the liability of Ilie Imembei's of the colmpany on a wiiidiii8 up 1% liiniled to a inaximiirn of onc pnuiid cach. Accounting policies Thc follow'ing accounting w)licie5 have beeii applied consistently in dealing with items that are considered material in relation to Home-siart Watford & ThtEe Rivers. 2(a) B¢i&is ofprepttrftlEUII 'rhe accouiils have been pirpaied under the historical cost convcntion. Thc charity ha5 taken advantage of the ¢xemptTon in FIaTr¢ial RetM)Iting Stslldard No I from thc reqiiirement to produce a cash floiv statement oli the grounds that it is a small charity. These accouiits have been prepaitd in accordance ivith "AccountinbT dnd R¢poi1ink by Charities.. Slatement ot. Reeonimended Practice applicaLile lo chai'ilies prepariiig theii. aLcoiints in aLcordance ¥ith the frinaiicial Ilepoi%in8 Staiidard applicable in ih¢ UK and RepublsG of Ireland {riis 102) (ce¢lIve l Janiiary 20151" The #¢¢ounts are prepared in sterling. which is the functional currency of the charity. Monetary amounts in th¢5¢ finaD¢ial statements are rounded to the nedtesi £. 2(b} CrilicolNcc¢Ninliii&N eslinifjle5 aiidjiidgÉnieiils In the applicatioii ot'the charity's accoiinting poli¢ic5, the dir¢ctor5 are requiTed to tnake judgernent5, estimates and assumptions about the cariyillg amount of a55ets and liabilit1¢5 that are not Kadlly app3Ttnt fiDrii other sources. The cstimates and associated assiimptions are based on htstOTital expciicnce and other factor5 that are considered to be relevant. A¢tual re5uIt5 may differ from these estimates. Thc estimates and undei'lying a5sumptTons are Irviewed on ail ongoing basis. Revistons to accounting estimates are Ircognised Tn thc pei-iod in which the cstimate i% rtrvi5cd ivhcrc the reiiÈsion affects only that period, or in the pci'iod of the revision and future period5 where the revision affccts both current and futur¢ periods. 2{c) Iiiveslnigiilresoiirces InLuJning resources are accounted for on a rereivable basis defeTird a5 des¢TIb b¢loM' where appropriate. Grants air all included in inc()ming re50urces from chai'itabl¢ activities on the SOI.-A. 2(d} li1ves11¥1EiICn Baiik tnt¢T¢5t is included it) the income and e.KpendituiE Account on a receivable basis. 2{el Recognilioii DfLiahililiéi Liabilities are recognised on the aCCTual% hasis in aCCQTdanc¢ ivith nomial accounting principles. modificd whcre necessary in accordance with the gtiidance given in the qiatement of Ilecommended Accounting and Reporting issued by the Charity Commissioners ftsr England & Wales.
HOML-S'I'AR'f WA'FFORD AND THREE RIVERS A COMI)ANY I.IMI'I'F.D tly tiUARANTEr. NOTES 'I'O 1'11L ACCOUN'I'S YE4R EfNDED 3Jsi AIARCH 2022 2(f) Re5011rce.F eAiJenrfed All co%15 are allDcalcd lo those categories to which they ielale. WhEIE thi5 15 iiot &Sible, Ihen they are suitably appnrttoncd an the basis between costs of activiti&s in furiherance of thL ch<ll'lty'5 objects and cost% of gtnernting fund5 ¥0..20 respectivcly. All costs accoLinted on an acciiials t$[5, ii)¢1118ive of VAT which cannot be recovered. 2(x) Goveriiffnce t'o&ls All costs incurred by tlie Charity (Jiher than direcl ch8ri14bl¢ ¢xpeJiditure are included in governance cos1% and air accounted tor on an acci'ual8 IYdSIS. 2{h) fixertAssel.f ftpirfdeprecirttioii Tangiblc fixed assets are stated at cost less depr¢¢iation. Depirciaiion has b¢en provid¢d al the following i?tts in order to Kvi'ite orrihe #sseis11¢85 ilieir expected residual Vdliie) over their useful economic lives. Office Equipment 250A straight line 2(5) T1/0 As a &11st¢red rharity, th¢ cotnpany is eieinpt from iiicome and corporatEon tax tts the extent that its income and gaijis are applicable to chai'ilable purposes only. V&lue Added Tax is not recoverable by the company, and is therefore included in the ielevanl costs in the Statenienl of Financial Activities. 2(i) Fiirtrfiictotsiillii¥ The Chai'ity maintatns a general unre%tricted fund which represents fuiids whsch are expendablc at the discretion ofthe DiiY¢lors in furth¢i¥n¢e of the objects of the Charity. Such funds may be held in Thrder io findnce t Nvoi'king rapilal and ¢apital investment. Where conditions ate such that fund5 received cannot be expended dui'ing ihe accounting period. any sueh monits dre held income in advance. R¢slri¢ted funds have beeii provided to the charity for particiilar piirposes, ajid il is the poli¢y of the Board of Diirclors lo carefully monitoi. thc application of ihose funds with the i'e5trictions placed upon them. 2{k) Gl]Pedttssels Gifted assets received are included at Vdlu8tivn if material. 211) Voliiiiteers The Charity rclie.% on the supwrt from volunt¢¢r5 who are unpaid. The value of volunteer's time is not included in the SOFA. 2(In} PÉJisloii CorIbili10IL% Pension Losls relate to conti'ibutions to individual employee scheme and are charged to the SOFA a5 they fall due. 2{nl, Wii¥diiig lip or dis.Toliilion ofilie cliority If upnn winding up or di5501utÉon nf the Gharit), there remain5 any assets, after the satisfaction of all d¢bts aiid liabilities, the assets repre5¢nted by thc rc5crves shall bc transferred to some other thBI'itable body or bodies having similar objects to the charity.
HOME-STARI. WATFORD AND THREE RIVERS A COMPANY LIMITED B Y CUARAFrrEr NOTES TO THE ACCOUNTS I'EAR ENDED 3151 MIIRCH 2022 Income fron) DonAtiOllS And LegAcie5 Tutxl Ro.%trict¢ Fiinds ruhily 2021 ri uiid 2022 General incoine forthe yeai. 113,451 17,808 131,259 96,226 'I'otal Ineome fi'oin DonatiOll5 and Legacies 113.451 17.808 131,259 96.226 Some of the funds rcccivcd during the period arc held a5 Incoine in Advance (sce note 16) H,hcre ¢onditions were not sueh that those funds, in whole oi. in parl, could be utilised during the year ended 31. Maich 2022 and expendituie fa115 in to 3 latei. peTiod. Donations and legacie5 actually received over £2,000 are below. Unrt$triett Fund5 Pagct Trust TJX Europe Big Give 2,000 13,500 5,197 In¢om¢ froni Ch%rllAblt Activities Tot¥1 Fiinds 2022 Tbt*l UDrtstrlci¢ Restrl¢t¢ run(Is 2021 Social Isolation- (Big Lottery) Group Work-Henry Smilh Family Events Time 2 Talk 62.738 41.250 62,738 41,250 33,812 22,500 5.080 1,250 9,823 33,856 33.856 Womcn Fund Popup S¢55ion5 COVID.19 (National Lottery) Link Worktrs 55.074 2,000 55.074 2,000 46,484 Household Funds Total liieome Cliai'ltable Activities 194.918 194,918 151,234 10
HOME-STAR T WATFORD AND THREE RIVFRS A COMPANY I.IMITED B Y GUARANTEE NOTES TO I'HE ACCOUNTS YEAR ENDED 31si A&IRCH 2022 Intomt frthm Otljti. Tradlng Aetlvit1S TulAI lJniY$trictod ri]n3 2022 2021 shop-- Waiford Fundraising 39.753 3,074 39,753 4,449 42,897 1,375 Tot#1 ineome from otli¢r trAding activitÉes 42,827 44.202 42,897 Raising Funds Expenditure Tu*AI TDlal Funds UnrL'blriL'fe Reytricted rruilds 2022 2021 Shop- Waifoi'd Fiijidraisingaiid ¢vents 44,580 29,573 44.580 29.573 41.589 10.157 TotAI FundYAising Costs 74.153 74,153 51.746 ChArltableActivitles Expenditure Total riind 2022 Tvtnl Funds Restrirte 2021 Pi?ctical Support (Core Funding) Social Isolalion (Big Loltery) Time to'l'alk 45.917 45,917 74,125 51.330 51,147 8.409 142 18,9.55 33.078 31.782 33.413 9.997 9,890 74.125 51,330 51,147 8.409 142 Grollps Family Events Womeii F,'und Making Memories 1,555 99 59,182 156 1,555 99 59,182 156 COVID-19 53.670 38.843 Link Workers .louseliold Fiinds Play Pionccr Sustainability 32 32 600 600 TotAI c05t of cliarilAble Activities 46.517 246.177 292,694 229,628
HOME-START WATfoRD AND THREE RIVERS ACOMPANY LIMI'fEDBY GUAIIAvfEF. NOTES TO THE ACCOUNTS YrAR EMDfYD 31.51 AIARCH 2022 ADalysis ofexpcn(lituro Trn cliArit#hlt attivitle¥ Activity Grxnt CYUI'Crlll1Cc Costs Tutxl 2022 Year elided 31st March 2022 Practical Suppoit {Core FiindinEI Social Isolation (Big Lottery) Time to Talk QTI'OUP FgTnily Events Wotnen Fund 44,705 74.125 51,330 51,147 8.409 142 1,212 45,917 51.330 51,147 8,409 142 Making Memories 1,555 99 59,182 156 1.555 99 59,182 156 32 COVID-19 Link Workers Household Fund5 Play Pioneer Sustainability 32 600 600 291,482 1.212 292.694 Year ended 31st MArch 2021 Practical SLlPPOrt {Core Funding) Social Isolation (Big Lottery) Tin)¢ lo Talk 17,755 33,078 31.782 33.413 1,200 18,955 33,078 31,782 33.413 Groiips Locality budget Family Event5 Woinen Fund Making Memoi'i¢5 COVTI)-19 Link Workers 9,997 9.890 9.997 9,890 53.670 53,670 38.843 Play Pioneer 228.428 1200 229,628 12
HOME-START WATFORD AND THREE RIVERS A COMPANY LIMITED B Y GUARANTEE NOTES TO THE ACCOUNTS YEAR ENDED 3j.si AIARC'H 2022 Govei'nRnce Fiind 2022 2021 Aecount5 and Independ¢nt Examination 1,212 1212 1.200 1,212 1,212 1,200 Io. Parliciilfii's of bJmployee5 The average number of staff employed by the charity during the financial period ivas=_ 2022 2021 Furtherdnce of the Charity's objects Shop Support 10 13 There were no employee5 with emoluments above £60,000. Tvtlll bunds 2022 2021 Gross Salaries Employer's NI Employer's Pension CoNtTibutions Pe115ion Shoilfall (reduction in pix)vision) TotAI Staff Emoluments 234,544 11,946 8,398 137.148 7,003 8,309 249,460 151,171 Total salary ofkey staff with management r¢5ponsibilitl¢S 15 £44,418 (2021: £39,365). Pensioij And other post-retiremont benefit commltmonts The coinpany participates in the seheine, a multi-employer scheme which provides benefits to some 638 non-associatcd partiLipatiii¥ cinployers. The scheme is a defIned benefit scheme in the UK. It is not possible for thc company to obtain suffIcient inforination to enable it to accouni foi. the s¢h¢Jnc as a defined beiiefit scheine. Thei'efore, it accounts for the scheine as a defined conli'ibulion scheme. 13
HOME-START WATFORD AND THREE RIVERS COMPANY LIMITED B Y GUARANTEE NOTBS TO THE ACCOUNTS YEAR ENDLID 3Jsi AIARCH 2022 'I'he s¢heine is subject to the funding legislation oiitlined in the PenEioll5 Act 2004 wl)ich cainc into loi'ce on 3U DeLeinber 2005. 'I'his, togeihet. wilh do¢uintnts issued by Ihe l)ensioJis Regulatoi. and TechiiiLal ALluarial Slandai'ds issued by ihe Fiiiancial Repoitiiig Council, set out the fi'amcwork foi. funding dcfincd bencfit occupationlll pcnsian sehem¢g in the UK. l-he schcinc is ¢las8ifi¢d as a 'lllEt-Inan standing arrai)gem¢nt'. Thcrefoir, the company is poteiitially liable foi. othei. parlieii)ating eimployei's, obligations if those einployeiE are unable to JnLet Ilieir shalt of the scheine deficit followiiig withdrawal fi'oiii Ihe scheme. Pailicipalijig einployers ale legally IEquircd to ineet theii. share uf the scheme deficit on an annuity puichase basis On withdrawal fioin th¢ scheme. A full actuarial valyation foi. the scheinc was carried (Jilt at JO Septeinber 2020. Thisvaluation showed assets of £tSOU.3m, liabilities of £831.9in and a deficit of £31.611i. Tts eliminfttc this funding shurtldll, the Tj'uslee has asktd ih¢ p#i'liLipating einployeiE to pay additional contributions to the scherne as follows.. Defielt L•ntribu(ions From l Aprll 2022 1031 JAnllAry 202$.. LI,31LiIOO ppr (p#yAbl¢ moThthlyl Unless a con¢¢ssion ha5 been agreed with the Trustee the teiyn to 31 January 2025 applies. Note that thc 8¢heine's previous valuation was can'ied out with an effertive dat¢ of30 Septejnber 2017.'1'his valuation showed assets of £794.9m, liabilities of £926.4in and a deficit of £131.5in. To eliininale this funding Shortfall, Ihe TTUStee asked the participating eillplvyer5 to pay additional Contributions to the scheme as follows.. Dcficit cvntributions l April 2019 tDJO SEpltmiber2O25.. £11,243,000 pei. Annuni IpAyRble n20JJtlily And 1creASIng by3% ewrh pn l¥¢ ApTiII The recovery plan conti'ibutions are allocated to each paiticipating cmployer in line with theii. estijnated sl)are of the SeE'i¢s l and Sei'ies 2 scheme liabilities. Where ihe schenie 15 Én defieil and where the ¢oinpany has agired to a deficit funding arrangeinent the ¢ompany i'ecognises a liability for ihis obligation. 'I'he atnoiint IE¢ognised is the net present value of thc dcficit i'eductiun contributions payable under the agi'eeinent that relates to the deficit. The present value is calculated usiiig the dÉscount r8t¢ detailed in these disclosures. J'he unwinding of ihe discount l'ate 18 reeogniscd as a finance cost 14
IIOME-START WATFORD AND THREE RIVERS A COMPAp LIMITED B Y GUAtbiNTEF. NOTE8 TO THE ACCOUNTS YFAR FNDLD 31.fi MARCH 2022 PRCSEIY'I- VAI.IIC&> 01,. IbllOVISION 31 NIHI'¢li 2022 31 Mai'L'h 2U21 1£51 JJ MHr¢h 2020 1£$) Present value of pruvisi¥n ,543 6,971 8,260 RECONCILIATION or OPENING AND CLOSING PROVISION 2022 2021 Provi$ion ai siart of period 6,971 1.260 Uniyiiidillg of the discount failurlinltregi eXpeJi) 40 D¢ficii¢oniDbJiion paid 11,7(Al Rcme8sllreiYieDts- itnpacl of&ny ¢lYange 8ssumplion5 238 Re]nEisur¢mcn- 8m¢ndments to ilie ¢tsniribuiioii schediile 13.6691 Provision nl end ofp¢riod 6.971 INCOME klND EXPENDITURE INIPACT 2D22 2021 Interest expense 40 Remeasiireillcn15- It¢1 ofany change iii Assuptions 235 RemeBsiireinenls- hine1me1]IS1O Iliteonlribution schediilc 13.6691 eontribuiions Vdid in re5pe¢i offuiureservicB 8,398 8.309 c rccognised iii income11 expethdilre 8ccounl 2,970 7.020 ISSUMPTIOIYS 31 .Jr¢h 2022 •/0 perAnniini 31 MArcli 2021 Vo p¢r 31 MAr¢h 21J20 por AAniim 2.35 2.53 The discount rates shown above are the equivalent single di8COUJIt rates which, when used to di8coiint the future recovej'y plan conli'ibutions due, would give the 5aiiie re5ulty as using a full AA corporate bond yield curve to discount the 5aine tELovery plan contribLltions. 15
HOME-START WATFORD AND THREE RIVERS COMPANY LIMITED B Y GUARANTEE NOTES TO THE ACCOUNTS YEAR ENDED 3j.ii M4RCH 2022 12. TAngrblc fixed H55ets As 41 Isi Apiil 2021 Additioiis As al 315t March 2022 1,791 Dcpreeilltio Asai IslApril 2021 Charge foi. the ytdr As at 3 1st March 2022 1.792 Iyet Book Value at 31$t M&reh 2021 Net Book Valiie os at J Is¢ Marclj 2022 13. Dlrt¢tor'$ emoluments And rel%te(I pHi*y tl'an511Ctions None of the DireLtvrs received any remuiiei?tion directly or indirectly. None of the Directors or other person5 related to the Charity had any personal int¢r¢st in any contract or Iransactigns entered into by the Chartty during the ycar. 14. Volunteei'5 Volunteer information 15 as follows- AetivTty Tot81 Number of Volunteei's Total Nurnbei. of Voluliteei'ing Hotsrs Home Visiting Shop Group Coun5¢11ing OtTice 60 5.580 816 702 78 Tutgl VoIunteei's 71 7,176 16
IIOMF STAR'I- WA'I'foRD AND T14RF.F. RIVERS A COMPANY LIMI'ITD B Y GUAIIANTEE NOTE8 TO TIIE ACCOUNTS YLAR LINDAD 31si }4ck1 2022 15. MoveTMent iii fuiids TThii%ErtS brhvrrrt ITSDiIITf5 2022 Uni'Èstvltted fuiids Pi2ctical Suppoil I,und Rai%ing Shop- OKh¢y Shop- Watford Sustainabilily 71,684 13.451 (45.917) {29,573) 42.827 144..5801 1600) 71.684 156.278 (120.670) TTgnsf¢r5 to i'estriLied nds 127.912} 71,684 156,278 {120.6701 {27,912} 79.380 Pension reserve (6,9711 5,428 (1,543) Nel uni'esti'fftcted funds 64,713 161,706 {120,6701 (27,912) 77,837 Rtstrleted funds Social Isolation Ttme 2 Talk Group5 Fdmily Events Wotncn fuiid Making Memoi'ics Play Ijionccr Link Worker5 COVID-19 Household Funds Pop-up Sessions 9,129 62.738 36,096 44,000 1.745 {74.125) (51,3301 (51,1471 18,409) (142) 11,555) 132) (59.182) 199) 1156} 2,258 15.234 7,147 6,664 142 1,325 660 7.641 1,375 1,145 628 55.074 4,094 2,000 6,979 (3,5331 3,995 1.844 6.97C) Net i'esfyieted fiillds 18,754 214,101 {246,177) 27,912 14,590 17
HOME-START WA'I'FORD AND 'IHRLL RIVLRS A COMPANY L.IMITf.T) A Y (illAIIAN'I'LL NOTES 'I'U 'I'FIE ACCOUN'IE YE4R ENDED 3131 Jk£4RCII 2022 16. Fuiids gnAIysis CrcdilDIS, 'r¢tAI As tt131siMtstcli 2022 Unre5ti'icted ftinds 18,749 127,42 (68,3381 77,836 R¢5tri¢ttd Social Isvlation Time 2 Talk Groups Makiiig Memorie5 Play l)ioneer Women Fund Link Workers COVID-19 Household Fund5 Pop-up Sessions 18.752 1,145 628 (18.7521 1.145 628 23.995 9,008 16,500 (20,000) (7,164) (9,521) 3.995 1,844 6,979 Net as5¢tS 18,749 197,452 (123,775} 92,427 As ftt3J51 M¢Trcli 2(121 Unrestrided fllnds 28.963 115.269 (79,521) 64,712 Resti'itted funds Swial 1501ation Timc 2-Falk Groups Making Nlemories Play Pioneer Worntn Fund Link Workers COVID-19 44.229 (35.100) 9.129 26,348 lJ25 660 (26 J48) 1,325 660 7,641 4.094 7.641 {4,094) Nel assets 28,963 199,566 (145,0631 83,467