Coinpany Registei'ed Nuinber 5385393 HOME-START WATFORD AND THREE RIVERS DIRE4 CTORS, REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 Charity no. 1108847 Coimpany no. 5385)93 HOME-START WATFORD AND THREE RIVERS A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sl A44RCH 2024 Coiiteiits Pages Company Details Report of the Directors: Sti'ucture, Govei'nance & Management Risk Policy Statement of Directors, Responsibilities Activities Pay Policy Future Plans Repoit of the Exaininei. Stateinent of Financial Activities Balance Sheet Notes Forining Pait of tlie Financial Statemeiits 8-21 HOME-START WATFORD AND T14REE RIVERS A COMPANY LIMITCD BY GUARANT'EE REPORT OF 'I"14E DIRECTORS FOR THE I'EAR ENDED 31si MARCH 2024 Dii'ectors: Siinon Boiilcott Bei'nie Coleinaii Siinone Collins Sai'ah Joy Kain Johal John Robinson Nicola Mi Ilbei'y Claire Buckland Glen Saffei'y Anne Lawn Vice Chaii. Chaii. (I'e5igned 2810912023) (i-esigned 1610612024) (appointed 0310)12024 and I'esigned 1710412024) Secretai'y: Kai'en Watkin, Business Opei'ations Managei. (appointed 1410212024) Registei'ed Office: The Loi-d-Lieutenant's Chai'ity Hub 6 Hei'cules Way Leavesden Watfoi'd Heits WD25 7GS Safeguarding Advisor: Anne Lawn Independeiit Examiner: David M Gi'een FCA Gowei's Limited The Old School House Bridge Road Hunton Bridge Kings Langley Heits WD4 8SZ Bankers Lloyd5 TSB Intu CentlE Watfoi'd Heits WD17 2UB HOME-START WATfoRD AND THREE RJVERS A COMPANY LIMITED BY GUARANTFI REPORT OF THE DIREC"foRS FOR THE YEAR ENDED 31si AURCH 2024 The 'fi'ustees liave pleasui'e in submitting theii. I'epoi't togethei. with the financial statements foi. the yeai. elided 31 March 2024. These financial staleinenls comply with current statutoi'y I'equii'eineiits aiid the requireineiits of tlie Chai'ity's govei'ning docuinent. Sti'ilctui'e Govei'nance & Mama eiiieiit Hoine-stai't Watfoi'd aiid Tliree Rivei's (HSW&TR) is a registei'ed chai'ity - No. 1108847 aiid a Compaiiy Limited by Guaranlee - No. 5385393, I'egistei'ed in 2005. The chai'ity has no sliai'e capital and is goveriied by its Memorandum and Aiticles of Association. The policy, sti'ategy, and genei'al Inanagement of HSW&TR is dii'ected by the Boai-d of Ti'ustees who al'e the Dii'ectors of the Company and who Ineel al least evel'y two months I'eeogi)ising that they al'e reqiiii'ed to meet no fewer than foul. times in each financial yeai-. 'fhe Board of Ti-ustees is supporled by pi'ofessional Advisers with ali iiitei'est in the welfare of faniilies and young children. Tlie day-to- day management is delegated to a Chief Executive Officei. who suppoi-ts and supei'vises a teain of 5alai-ied staff. The Objects of the Charity al'e cai'ried out by staff aiid ti-aiiied voliinteei's, who al'e pai'ents, offeriiig i'egulai. sUPPOIt, fi'iendship, and pi'actical help to families undei. stress, pi'imarily in their own hoines, and sometimes in suppoi't gi'oups, helping to prevent fainily ci'isis and bi'eakdown. Volunteei's at'e supported by the team of expei'ienced staff. The Memoi'andum and Ai'ticles of Association I'equii-e the Board of Ti-ustees to compi'ise between 4 and 12 Trustees who are foi'nially appointed by the membei'ship at AGM5. Ti'ustees may co-opt other Trustees wlio will only stand in office until the following AGM when they Inust be forinally put foi'ward foi. election if they wish to I'emain in office. The Trustees holding office iii the yeai. to 31 st Mai'ch 2024 are detailed on Page l. The Trustees of the Charity have no interest in any contract with tlie Charity noi. do they i'eceive any i'emunei'ation for theii. service. Meillbership of HSW&TR is open to any individual or oi'ganisation intei'ested in pi'omoting the chai'ity's Objects who applies to the Chai-ity in the Inanner i'equii'ed and approved by the Ti'ustees. HSW&TR has a comprehensive equal oppoitlinities and divei'sity policy, which ensures that all staff and volunteers al'e I'ecriiited i'egardless of ethnicity> i-eligion, age, gender, oi- sexuality. We also sti'ive to accominodate Ihose with physical difficulties. Families al'e suppoited iegai'dless of ethnicity, i'eligion, age, gendei. oi. sexiiality of the parenl(s). A regulai'ly inonitored cotninunity profile ensui'es that volunteers are pi'oactively encoui'aged fi'oin all sectoi's of the local community. Although HSW&TR is an independent chai'ity, as a Home-stait organi5ation we are affiliated to the national body, Home-start UK. a Chai'itable Ti'ust founded in 1973. Ovei. 180 Home-stai-l schemes Inay be fouiid thi-oiighout tl)e UK, eacl) an indepeiideiitly I'egistered chai'ity, funded and managed locally. Hoine-stai't UK suppoi'ts local schemes by providing services such as ti'aining, infoi'malion and legal and safeguarding advice. Hoine-stai't UK also defines quality standai'ds foi. sei'vice pi'ovision. Each scheme woi'ks within Home-stait UK Standai'ds aiid Methods of Pi'actice, which at'e i-egulai'ly audited against a set of I'igorous ci'iteria covet-ing all aspects of governance, manageinent, and financial conti'ols. HOME-START WATFORD AND THREE RIVERS A COMPANY LIMI'FLD BY GLIARANTEL REPORT OF THE DIRECTORS FOR THL YEAR ENDED 3131 AURCH 2024 Rislc Polic The Triistees conduct i'egular I'eviews of the major I'isks to wliich the Charity may be exposed. Where appi'opi'iate, systeins oi. procedui'es have been established to mitigate and n)iniinise ideiitified I'isks by iinpleinentation of pi'oceduies, iiicluding aiithoi'isatioii of all transactions and pi'ojecls. Pi'ocedui'es al'e in place to ensui'e coinpliance with all statutoi'y i-equii-einents includiiig, einployinent law, health and safety of staff and volunteei., and data pi'otection. A Safeguai'ding Policy is in place and Disclosui-e and Bai-riiig Sei'vice checks al'e cai'i'ied out on all voluiiteei's and employees wlio al'e likely to come iiito contact with vulnei'able childi'en oi. adiilts. Stateinent of Ti'ustees >Res onsibilities The Trustees al'e I'esponsible foi. pi-eparing the financial statements in accoi'dance witli applicable law and i'egulations. Coinpany law i'equii'es the Ti-ustees to pi'epare financial statements for each fiiiancial year. Undei. that law, the Ti-u5tees have elected to pi'epare financial stateinents in accoi'dance wilh United Kingdom Geiiei'ally Accepted Accounting Praclice (United Kingdoin Accounting Standards and applicable law). The financial statements al'e required by law to give a ti'ue and fail. view of tlie state of affails of the Cliarity aiid of the pi'ofit or loss of the Chai-ity for that pei'iod. In prepai'ing those financial stateinents, the Ti'ustees al'e required to.. select suitable accounting policies and then to apply thein consistently; make judgeinents and estimates that al'e I'easonable and prudent. prepai'e the financial staleinents on the going concern basis unless it is inappi'opi'iate to presume that the chai'itable company will stay in business. The Trustees al'e i'esponsible foi. keeping proper accounting i'ecords that disclose with i'easonable accui'acy at any tiine the financial position of the Chai'ity and that enable them to ensui'e tliat the statements comply with the Companies Act 2006 and accounting stalement FRS102. They al-e also I'esponsible foi. safeguarding the assets of the Charity and for taking i'easonable steps foi. the prevention and detection of fi'aud and other ii'i-egularities. Activities of the Home-start Watford and Three Rivei'5 Chai'i The Trustees of HSW&TR with the support of its staff aiill to ensui'e that.. the scheine has adequate funds to support current activities and envisaged future expenditure. trustees al'e inducted, DBS checked, trained and supported to enable them to fulfil their roles and i'esponsibilities; staff al'e reci'uited, inducted, ti'ained, supported, supervised and developed in accoi'dance with good employment pi'acti¢e' home-visiting volunteers al'e I'eci-uited fi'om all sectois of the community, al'e DBS checked, undertake the sclieine's comprehensive pi'epai'ation coui'se and receive ongoing traiiiing, suppoi'l and supei'vision. ti'ustees, staff and volunteers are actively encouraged to develop their skills and to suppoi't each othei. to ineet the needs of HSW&TR and individual needs. the scheine develops additional activities and sei'vices as need is identified and where adequate fiinding can be obtained. i'eci'iiitment campaigns and regulai. preparation courses al'e i'un to Inaintain a teain of ti'ained volunteei's able to meet tlie nuinbei's of appi'opriate refei'i'als within a reasonable waitiiig time. the service pi-ovides best practice in safeguarding; HOME-START WATFORD AND TIIREE RIVERS A COMPANY LIMITED BY GUARAN'fEC REPORT OF THE DIRECTORS FOR TJif YEAR ENDED 3J.51 MAI£CJ 2024 volunteers are carefully Inatclied to families to provide an appi'opi'iate sei'vice foi. each faiiiily's needs. the scheine inaintains positive links aiid pai'lnei'ships with statutoi'y and voluiitai'y agencies. the sclieme maintains a liigli profile within the local coinmunity. all activities, feedback fi'oin volunteers and fainil ies and trainiiig al'e nionitoi'ed and evaluated. the offices ai)d facilities of HSW&TR and othei. venues used foi. tiainiiig oi. functions pi'ovide a safe, healthy and appi'opriate enviroiiment foi- staff, voluiiteei's and visitors. I'elevant news and infoi'ination is circulated to staff, volunteers and ti'ustees. appropi'iate adillinistiative and recoi'ding systeills are in place. Fundi'aisin Activities The Charity's fundiaising activities al'e cominunity based. olic for senioi" staff The Boai'd of Ti'ustees and the senioi. manageiment teaill coinprise tlie key management pei'sonnel of the Chai'ity, in chai'ge of dii-ecting and conti'olling, i'unning and opei'ating the Charity on a day to day basis. All Ti'ustees give of their time fi'eely and no Ti'ustee received remuneration in the yeai.. Details of Trustees, expenses and I'elated pai'ty ti'ansactions al'e disclosed in note l J to the accounts. The key manageinent reinuneration policy is set by the Ti'ustees and is reviewed on an anniial basis as pai't of the budget settiiig process. Future Plans HSW&TR is proud of the suppoit we give to Inany local families. To ensui'e oui- long tei'in futui'e we continue to seek new multi-yeai. sources of funding. We al'e gi'ateful to the effort of all staff, volunteers aiid donoi's who continue to suppoit us. We will continue to strive to Ineet oui. col'e aiins and move towards the objective of reaching sustainability ovei. tlie mediuin to long tei'in, thus enabling us to attracl and ti'ain qualified slaff and volunleers, to suppoi't nioi'e families and childi-en in oui. catchinent area. The Charity has a well-developed and i'obu5t sti'ategy going foi'wai'd. The Trustees, Repoit was appi-oved by the Board of Triistees on 22nd July 2024 Signed foi. and on behalf of the Ti'ustees LULLQ Siinone Collins Chair- Hoine-stai't Watfoi'd and Three Rivers INDEPENDENT EXAMtNER'S REPORT TO THE DIRECTORS OF HOME-START WATFORD AND 'I"HREE RIVERS A COMPANY LIMITED BY GUARANTEE OR THE YEAR ENDED 31si MARCH2024 I report on the accounts of the coinpany foi. the year ended 31 st Mai'ch 2024, which are set out on pages 6t021. Respective responsibilities of trustees and examiner The trustees (who al'e also the dii'ectors of the chai'itable company for the purposes of company law) are I'esponsible for the pi'epai'ation of the accounts. The tl'UStees consider that an audit is not required for thi5 year under section 144(2) of the Chai'ities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the chai'ity is not subject to audit undei. company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 145 of the 2011 Act. to follow the pi-ocedures laid down in the general Dii'ections given by the Charity Commission undei. section 145(5)(b) of the 201 l Act. and state whether pai'ticular Matters have coine to my attention. Basis of independent examiner's report My examination was cai'ried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting recoi'ds kept by the charity and a comparison of the accounts presented with those i'ecords. It also includes consideration of any unusual items or disclosui'es in the accounts, and seeking explanations fi'om you as trustees concerning any such matters. The procedures undertaken do not provide all th¢ evidence that would be required in an audit and consequently no opinion is given to whether the accounts present a 'true and fail. view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: { l ) which gives me i'ea50nable cause to believe that in any material i'espect the requirements: to keep accounting i'ecords in accoi'dance with section 130 of the 2011 Act. and to pi'epare accounts which accoi'd with the accounting i'ecoi'ds and comply with the accounting requirements of FRS102 and the 2011 Act have not be¢n rnet. or (2) to which, in opinion, attention should be drawn in ol'der to enable a pi'oper undei'standing of the accounts to l'each David Gower The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ HOME-START WATFORD AND THREE RIVERS A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31si AQRCH2024 Notc5 Uni'estricted Resti-tcted Total Total 2024 2023 INCOME FROM: Donations and legacies Charilable activities 64,618 5,068 69,686 59,863 47,000 315,189 362,189 383,117 Othei. ti'ading activities 4,072 4,580 8,652 14,408 Total Income; 115,690 324,837 440,527 457,388 EXPENDITURE ON: Raising Funds Chai'itable activities 55,422 55,422 10,816 100,233 341,599 441,832 441,159 Governance 1,440 1,440 1,224 TOTAL EXPII NDITURE 157,095 341,599 498,694 45i,199 Net income/expenditure Movement in pi'ovision for pension deficit Transfei's betiyeen funds (41,405) (16,762) (58,167) 526 4,189 526 559 (37,126) 37,126 NET MOVEMENT IN f4 UNDS (78,005) (57,641) 4,748 Reconciliation of Funds: Total funds bi'ought foi'ward Total funds carried forwai'd 84,005 13,170 97,175 92,427 15 6,000 33,534 39,534 97,175 40MF-START WATFORD AND THREE RIVERS A COMPANY LIMITED BY GUAIIANTEE BALANCE SHEET ASA T 31J'l A44RCH2024 Notes 2024 2023 rixi< D ASSETS I'angible fixed assets 12 CURRENT ASSII TS Debtors and pi-epaid expeiises Cash at hand and in bank 16 10,676 105,990 116,666 12,984 202,)i2 215,316 CREDITORS: Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 16 (76,674 117,157) 98,159 39,993 98,160 Defiiied benefit pension liability (459) (985) NET ASSETS 39,534 97,175 INCOME FUNDS Unrestricted funds Ui)restricted income funds Pension Resei've 6,459 (459 84,990 985) 6,000 84,005 Reslricted Funds 33,534 TOTAL FUNDS 16 39,534 97,175 The notes on pages 8 to 21 foi'm part of these financial statements. For the yeai. ending J I st Mai'ch 2024 the coinpany was entitled to exernption from audit under section 477 of the Coinpanies Act 2006 ielating to small companies. Directoi's, responsibilitie5: The Ineinbers have not i'equii'ed the company to obtain an aiidit of its accounts for the year in question in accoi'dance with section 476. The dii'ectoi's acknowledge their i-esponsibilities foi. coinplyiiig with the requii'einents of tlie Act witli i'espect to accounting I'ecords and the preparation of accoiints. The financial stateinents were approved by the boai'd of trus and signed on their behalf by ees on 22 July 2024 Directoi. Siinone Collins Dii'ectoi. John Robinson HOME-START WATFORD AND THREE RJVERS A COMPANY LIMITED BY GUARANTEB NOTES TO THE ACCOUNTS I'EAR ENDED 31.si MARCJI 2024 Company liniited by guai'antee Hoine-stai-t Watfoi'd & Thi'ee Rivers is a coinpany incorpoi'ated in ETigland lin)ited by guai'antee No. 53 8539i and is a I'egisteied chai'ity No. 1108847. The extent of ihe liability of the niembei's of Ihe coinpany on a windii)g up is limited to a maxiniuim of oiie pound each. Accoiii)ting policies The following accounliiig policies liave been applied consistently in dealing with iteins that are coiisidet-ed niatei'ial in I'elalion to Hoiiie-stai't Watford & Thi'ee Rivei's. 2(a) Busis ofpj'epnrulioii The a¢coLints have beeii pi-epai'ed undei. the historical cost convention. The chai-ity has taken advantage of the exeinption in Financial Reporting Standard No I fi'oin the I'equirement to produce a cash flow statement on the gi'ounds that it is a small chai'ity. These accounts have been prepai'ed in accoi'daiice with 'Accounting aiid Repoi'ting by Charities: Stateinent of Recommended Pi'actice applicable to chai'ities pi'eparing theii. accounts in accordance wilh the Financial Repoi'ting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Januai-y 2015)" The accounts are pi'epai'ed in stei'ling, which is the functional cui'i'ency of the chai'ity. Monetaiy ainounts in these financial statements al'e rounded to the nearest £. 2(b) Ciilical accoiiiiliiig esliiniiles uniljuilgenieiils In the applicalion of the chai-ity's accounting policies, the directoi's ale I'equired to make judgements, estiillates and assumptions about the cai'i'ying amount of assets and liabilities that al'e not I'eadily appai-ent froni other soui'ces. The estimates and associated assumptions are based on historical expei'ience and olhei. factoi's that are coiisidei'ed to be I'elevant. Actual i'esults Inay differ from these estiinates. The estimates and undei'lying assumptions at'e I'eviewed oil ali oiigoing basis. Revisions to accounling estimates are i'ecognised in the pei'iod in which the estiillate is t-evised where the ievision affects only that pei'iod, oi. in the period of the I'evision and future pei'iods whei'e the I'evision affects both current and future periods. 2(e) Iiiveslinenl i'esoiirees Incoining resources are accouIited for on a receivable basis deferred as desci'ibed below whei'e appi'opi'iate. Gi'ants al'e all included in incoming i'esoui'ces fi'oiT] chai'itable activities on the SOFA. 2(d) JnveslTrieiil iiiconie Bank intei'est is included in the income and expendituie account on a I'eceivable basis. 2(e) Recogiiilioii ofLiabililies Liabilities are i'ecognised on the acci'llals basis iii accoi'dance with noi-mal accounting pi'inciples, modified whei'e necessai-y in accoi'daiice with the guidance given in the Statement of Recomiiiended Accoiinting and Reporting issued by the Charity Comimissionei's for England & Wales. HOME-START WATFORD AND THREE RIVERS A COMPANY LIMITED BY (IUAIIANTEE NOTES TO THE ACCOUNTS YEAR ENDED 31si AaRCH2024 2(D Resoiirces expeiidecl All costs al'e al localed to those categoi'ies to which they i-elate. Where Ihis is iiot possible, then they al'e suitably appoi'tioned oil tlie basis between costs of activities iii furthei'ance of the charity's objects and costs of genei'ating funds 80.20 I'espectively. All costs al'e accounted oil an accriials basis, iiiclusive of VAT which caiinot be recovei-ed. 2(g) Goveriiiince cos13 All costs incui'i'ed by the Cliai'ity othei. thali dii'ect chai'itable expenditure are included in govei-naiice costs and are accounted foi. oli an acci'uals basis. 2(h) FixeclAssels niiil Ilepiecialioii Taiigible fixed assets al'e stated at cost less depreciation. Depi'eciation has been pi'ovided at the following l'ates in ordei. to write off the assets (less their expected residLial value) ovei. theii. useful econoinic lives. Office Equipiment 25 % sti'aight line 2(]) Taxulioii As a registei'ed chai'ity, the company is exeinpt fi-om income and coi'poi?tion tax lo the extent that its income and gains al-e applicable to chai'itable pui'poses only. Value Added Tax is not i-ecovei'able by the company> and is thei'efoi'e included in the relevant costs in the Statement of Financial Activities. 2ti) Fiiiicl Iiccouiiling The Chai'ity maintains a genei'al unresti'icted fund which i-epi'esents funds which are expendable at the disci'etion of the Dii'ectors in fuithei?nce of the objects of the Chai'ity. Such fuiids inay be held in order to finance both working capital and capital investinent. Where conditions at'e such that funds I'eceived cannot be expended during the accounting pei'iod, any such monies al-e held as income in advance. Resti'icted funds have been pi'ovided to the chai'ity for paiticular purposes, and it is the policy of the Board of Dii'ectors to cai'efully nionitoi. the application of those funds with the i'esti'ictions placed upon thein. 2(k) Gifled assets Gifted assets received al'e included at valuation if material. 2(1) Voluiileers The Chai'ity i'elies on the support fi'om volunteei's who are iinpaid. The value of volunteer's time is not included in the SOFA. 2(m) Pension Conlribiilioiis Pension costs I'elate to conlributions to individual einployee scheme and are chai'ged to the SOFA as they fall due. 2(n). Winiling lip oi. rfissoliitioii of Ilie cliurily If upon winding up oi. dissolution of the cliai'ity thei'¢ I'emains any assets, aftei. the satisfaction of all debts and Itabilities, the assets repi'esented by the resei'ves shall be ti'ansfei-l'ed to soine othei. charitable body oi. bodies having siinilai- objects to the chai'ity. I.IOME-START WATFORD AND THREE RIVERS A COMPANY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS I'EAR ENDED 315.1 A￿RCH 2024 Ineome fi'om Doiiations and Legacies TotAI Total i iinils Unrestricted Funils Restricted 2024 2023 Genei'al incoine for the yeai. 64,618 5,068 69,686 59,863 Total Income fi'om Doi)atiOJ15 and Legacies 64,618 5,068 69,686 59,863 Soine of the funds I'eceived dui'ing the pei'iod al'e held as Incoine in Advance (see note 16) where conditions wei'e not such that those funds, in whole oi. in pait, could be utilised dui'ing the yeai. ended 31 Mai'ch 2024 and expenditui'e falls in to a later pei'iod. Donations and legacies actually I'eceived over £2,000 al'e below. Unre5ti'iete(I ri uiids Restrieted Teachappy Ltd Warnei. Bt'os Studios Leavesden Souter Chai'itable Ti'ust 5,000 2,500 3,500 Income from Chai'itable Activities Total Total Fiinds 2023 Uni'estricted Fujids Resti'icted Funds 2024 Social Isolation (Big Lottery) Gi'oup Work (Heni'y Sinith) Time 2 Talk Physical Activity Pop-up Sessions COVID-19 Recovei'y (Heni'y Sinith) Link Workei's Household Funds Pi?otical Support (Col'e Funding) Big Lottei-y Fund Ti'usthouse Forte 20,756 50,558 1,656 1,500 39,900 86,577 5,500 20,756 50,558 1,656 1,500 39,900 93,777 5,500 39,800 85,319 23,423 57,780 42,457 8,250 11,707 25,940 84,686 22,000 7,200 39,800 85,319 71,100 20,897 Total Income Chai'itable Activitie5 47,000 315,189 362,189 383,117 10 HOME-START WATFORD AND THREE RIVERS A COMPANY LIMI"I'ED BY GUARANTEE NOTES TO THE ACCOUNTS YLAR ENDED 31sl fvL4RCH 2024 Incon)e from Other Ti'ading Activities Total Total i un(Is 2023 Uni'esti'icted i uii(Is Restrieted