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)
(ap￿inted 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
l￿depelide￿t 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 Tr*ist founded in 1973. Ovei. 200 Home-S13Tt scliellie5
tnay be found throughout the UK, each an indLpcndcntly registei'ed cliarity. fiinded and Inanagcd
lO￿lly. 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 YF￿R 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 O￿lee5 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 Indepe￿dent
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 FI￿aTr¢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)
(c￿e¢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} li1ves1￿￿1¥1EiIC￿n
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) T￿￿1/0￿
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 Co￿￿rIbili10IL%
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 Aetlvit1￿S
TulAI
lJniY$trictod
ri]n￿3
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'Cr￿lll1Cc
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 1￿creASIng 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 Assu￿ptions
235
RemeBsiireinenls- hine1￿me1]IS1O Iliteonlribution schediilc
13.6691
eontribuiions Vdid in re5pe¢i offuiureservicB
8,398
8.309
c￿ rccognised iii income11￿ expethdil￿re 8ccounl
2,970
7.020
ISSUMPTIOIYS
31 .￿J￿r¢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 }￿4￿ck1 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