2022-03-31-accounts - Home-Start Merton

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ANNUAL REPORT ACCOUNTS 202U2022

MISSION STATEMENT

Home-Start Merton is a local community network of trained volunteers and expert support, helping children pre-birth and up to 5 years. We help families through their challenging times. We are there for parents and children when they need us the most because childhood can’t wait.

WHO WE ARE:

TRUSTEES: Amita Kronsten (Chairperson) Sue Oury (Deputy Chairperson) Henrietta Jenner (Treasurer) Simon Lloyd Danny Lawrence Diane Holmes Adam Flacks Liana Sanzone (left as of 30/5/2022)

STAFF:

Sharon Ashby - Managing Director Debbie Magee – Senior Family Support Co-ordinator Madeleine Jarratt – Family Support Co-ordinator Heather Ford – Business Support Administrator

REGISTERED CHARITY NAME: Home-Start Merton REGISTERED COMPANY NUMBER: 5359862 REGISTERED CHARITY NUMBER: 1108937 REGISTERED OFFICE: All Saints Resource Centre, 44 All Saints Road, Wimbledon, SW19 1BX T: 020 8646 6044 E: admin@homestartmerton.org W: www.homestartmerton.co.uk

COMPANY SECRETARY: Sharon Ashby

INDEPENDENT EXAMINER: BANKERS: Kana Veluppillai CAF Bank Limited KV & Co. 25 Kings Hill Avenue 18 Morton Gardens Kings Hill Wallington West Malling ~~Surrey~~ WHAT WE DO ME19 4JQ GOVERNANCE AND MANAGEMENT SM6 8EX

Home-Start Merton is a charitable company limited by guarantee, incorporated on 10 February 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

The governance is vested in our Board of Trustees who have six scheduled meetings each year and additional meetings on other occasions as business requires. The board is responsible for the charity’s long-term objectives, for its strategic priorities and for providing overall financial management and control. The day-to-day management of the charity is delegated to the Managing Director of the scheme who reports to the Board of Trustees. Our Board of Trustees for 2021-2022 was made up of eight members who bring with them a range of skills and experience. Under the terms of the Articles of Association, board members are appointed at the Annual General Meeting. Under the Articles, one third must retire in rotation at each AGM. Trustees who retire are eligible to be re-appointed at the same AGM. The Trustees may co-opt any person to be appointed as a Trustee during the year and that person will hold office until the next AGM.

AIMS AND OBJECTIVES

The objectives of Home-Start Merton are to safeguard, protect, and preserve the good health, both mental and physical, of children and their parents. It also aims to prevent emotional and physical abuse of such children. Home-Start Merton believes that:

Children need a happy and secure childhood.
Parents play the key role in giving their children a good start in life.
Every parent should have the support they need in order to give their children the best possible start in life, helping them to achieve their full potential.
The best people to help parents are other parents, who have themselves had experience of bringing up children and are able to provide the kind of support that only another parent who has ‘ been there ’ can.

The service offered by Home-Start Merton is provided by a team of trained and supervised parent volunteers who give tailored family support to families in their own homes, specific to their individual needs.

STANDARDS AND METHODS OF PRACTICE

Home-Start works with families who are experiencing difficulties and who have at least one child under the age of five. Home-Start is an independent voluntary organisation which works towards the increased confidence and independence of the family by:

Offering support and practical assistance.
Visiting families in their own homes where the dignity and identity of everyone can be respected and protected.
Reassuring parents that difficulties bringing up children are not unusual and encouraging enjoyment in family life.
Developing a relationship with the family in which time can be shared and understanding can be developed; the approach is flexible to take account of diverse needs.

Encouraging the parents’ strengths and emotional wellbeing for the ultimate benefit of their own children.
Encouraging families to widen their network of relationships and to effectively use the support and services available within the community.

RISK MANAGEMENT

The Board of Trustees regularly undertakes a detailed review of our risk management procedures to ensure that appropriate systems are in place to mitigate those risks. The Trustees consider that a major risk is one which has a high likelihood of occurring and would, if it occurred, have a severe impact on operational performance. The Trustees expect all staff and volunteers, when engaging in any activity on behalf of Home-Start Merton, to consider the risks posted and to act in accordance with the risk management procedures. Whilst it is important that the Board of Trustees remain risk alert, they do not wish to be averse to taking reasonable risks as part of their strategy to achieve the objects of the organisation. All key policies within the organisation are reviewed regularly and updated as appropriate to reflect any legislative changes and the latest developments and thinking in relation to best practice.

TRUSTEES

Trustee application forms are available on request. All applications require approval by the Trustees. Trustees can decline an application if they feel that the application is prejudicial to the ethos of the organisation.

CHAIR’S REPORT

We are learning to live with the new normal. From September, the staff returned to the office for three days and two days still working from home (WTF), another new acronym in our changing vocabulary. The office was made Covid secure with staff being provided with masks, sanitisers, and a new signing in book which was in line with track and trace, another new phrase in our changing vocabulary. People were asked not to drop into the office.

During the previous year, Sharon, her team, and volunteers had adapted to telephone support and zoom meetings with the families. As government rules changed this year, some volunteers went back to home visiting and others met their families in public spaces with social distancing. Our service always remained efficient and caring in spite of the changing times. We could have only provided this service because of our amazing volunteers who dedicate hours of their time to help vulnerable families. My grateful thanks to each and every one of them. Without you, Home-Start Merton would not exist.

We said goodbye to our administrator, Jade Atkins, in November. We wish her well or the future. In January, the team was joined by Heather as our new Business Support Administrator who has already become an invaluable member of the team. Madeleine continues to be a positive member of the team. She is now running the Bumps to Babies group with ten attendees. Debbie has been a great support, especially helping when we did not have an administrator. Victoria, a student social worker, joined our team for a while from Southbank University. She settled in very quickly and was a great asset to the team while she was with us. As always, Sharon is at the helm, leading Home-Start Merton through all the changes we are facing.

My Trustees, as always, have been an invaluable support to me, especially Sue, my Deputy Chair. Thank you so much for all your hard work.

Along with our regular donors, The Dorus Trust, The Taylor Family Foundation, The Generations Fund, the 1920 Club, we have had some donations throughout the year. WDNMBS have donated for specific projects, and we have also had money from The Wimbledon Foundation. We have also had a very generous donation from Alex and David Rhodes. I would like to thank them as well as the ‘Friends of Home-Start Merton’ for their regular donations.

Unfortunately, we heard that we would have to move from The Chaucer Centre. This came as a shock as we had hoped there would be no more moves. The upheaval of moving is not easy for all the people involved. On 31[st] March, we moved into The All-Saints Resource Centre. I hope this is the new beginning we all want as we move back to some semblance of normality, be it the old or the new norm. Whatever the situation is, Home-Start Merton is always there to help the most vulnerable in the borough of Merton.

Amita Kronsten Chair of Trustees

MANAGER’S REPORT

During 2021/22 the team have overcome many challenges to enable us to continue to provide support to families who have found life even more difficult due to the pandemic. Families have struggled with the cost of living, isolation, covid related illness, bereavement, negative mental ill health and giving birth during the pandemic. The children have struggled with no social interaction which builds upon their wellbeing and socialisation skills. One in four of children’s mental health has been affected and some babies who were born into the pandemic world of mask wearing have been unable to see facial expression which is key for babies, along with limited or no socialisation. Staff, trustees, and volunteers have suffered bereavement and Ill health. There have also been some positives during this awful time which is what I will concentrate on within my report.

We are working with parents with perinatal mental ill health to provide a volunteer to support the parents from as early as conception through to the child’s 2nd birthday. The first 1001 days, from pregnancy to age two, are an age of opportunity. This is a critically important period of rapid development that lays the foundations for later health, wellbeing, and happiness. It is also a period of unique vulnerability, when babies are particularly reliant on adults and susceptible to their environment. There is a strong moral, social, and economic

case for ensuring local services and systems work effectively to support babies and their families during this formative life stage. Between 10 and 20% of women develop a mental illness during pregnancy and within their child’s first year. We then began a group for all parents to attend to support the child’s socialisation skills, readiness for nursery/school and for parents to have peer support from other parents. One of the current attendees of the group is due to start her training to become a Home-Start volunteer herself. We were aware that the cost-of-living crisis was hitting families hard with some parents not eating a meal but finishing the scraps their children left. We changed the timings of the group and offered lunch for parents and children. We began to talk about recipes and cooking meals from scratch to encourage healthy eating. Thank you to Waitrose, Raynes Park, Wimbledon, and New Malden for providing the funds and food. The AELTC and The London Community Fund, Wimbledon District, Nursing Midwifery Benevolent Society, Home-Start UK, The Generations Foundation, The Taylor Family Foundation, and The Dorus Trust thank you all for making this possible.

We have a new data base system which has tested us to our limits. CLOG, a cloud-based case management system for the third sector has taken us 2 years to adapt to, thankfully, the hard work has begun to pay off and we now have a competent system in place.

We then introduced our home learning champions. This service provided children with a volunteer online who would spend an hour reading with the children. The same collection of books was provided to the volunteer and gifted to the children. This service compliments another new service, Big Hopes, Big Futures. Our Big Hopes Big futures service offers support to families for children to be

school ready. We offer strategies on managing children’s behaviour, routines, early literacy development, support with weaning, child development milestones, reading, numbers and colours, how to dress themselves, being toilet trained. Parents receive support with routines and boundaries, ensuring children have breakfast and a good night’s sleep.

Our counselling service provides a qualified counsellor, offering 8 weeks free counselling which has supported parents with historical sexual abuse issues, mental ill health, self-harm, anxiety, depression, and Covid. This service provides a non-judgemental space for emotional and psychological support to help parents explore their feelings and ways to gain a greater understanding and stronger self-help techniques. Helping parents to believe in themselves which will have a positive impact on their children. A child will be aware of their parent’s ill health, they will not understand it or be able to change things. Living with someone with mental ill health is frightening for a child. Often children will no longer seek support/care from their caregivers as they know they will not receive it. They become withdrawn and stop asking. This will negatively impact on their own development and adulthood.

Victoria a student social worker joined us for her 70-day placement from Southbank University and received 100% for her portfolio.

The summer outing to London Zoo was a great success. Face painting was popular! Quote from a parent “The children enjoyed seeing the animals in real life as they have only seen animals in books”.

Aside from the support volunteers offer a family when they visit them at home, throughout the pandemic, Home-Start Merton offered a range of different support including delivering food and essentials to families. Activity packs for children. Care packages for volunteers.

We continue to offer our core support of 1:1 volunteer home visiting and I am pleased to report that we are now visiting families’ homes and as we look forward to a brighter future, we aim to increase the numbers of families we support.

I would like to thank our Trustees for all their support and hard work. Our volunteers who go above and beyond. Our supporters and Funders, who have been so kind, not just in a monetary way but the support they have offered. Finally, the staff. Their hard work behind the scenes, on the front line, and the constant professional support they all offer to others is second to none. It has been another tough year but thank you all. I am so proud of Home-Start Merton, and everyone involved in making this great organisation even greater. Thank you all.

Sharon Ashby Managing Director

FAMILIES SUPPORTED

It has become evident that the pandemic has had negative consequences on the psychological wellbeing and emotional health of both parents and children we support. This is particularly evident in babies born in lockdown as they have had little chance of social interaction which has severely impacted their development. Home-Start Merton has come to realise this may have a lifelong impact. The pandemic has not only affected the families we support but also us as a charity. This year we have done our best to maintain the support we give to families. You will note from the graph below that 63 children and 72 parents have been supported this year, despite the effects of the pandemic.

Below is a breakdown of the ages of children supported this year; Home-Start Merton supports families with children pre-birth to 5 years old however, older children are also supported when Home-Start works with a family.

REFERRALS

This year we received 43 referrals from a range of external sources. Occasionally we receive inappropriate referrals, which become apparent once we have visited the family at home. We always endeavour, with the families permission, to signpost them to other relevant services if we are unable to help. Families are referred for a multitude of reasons, see below for the reasons families we supported this year were referred to us:

Families can be referred for more than one reason, hence why the numbers for some reasons are higher than others.

FINANCIAL OVERVIEW TREASURERS REPORT

On behalf of the Board of Trustees, I am pleased to present the Treasurer's Report for Home-Start Merton (HSM) for the financial year 1st April 2021 to 31st March 2022. A Statement of Financial Activities and Balance Sheet for the financial year 2021/2022 compared to last year (2020/2021) is shown within this Annual Report.

Income review 2021/2022

HSM's total income for the year was £72,330. HSM received a total of £49,675 from its charitable funders and the Board of Trustees is extremely grateful to its funders for their continuing generosity during this year and wishes to thank the following:

The Generations Foundation The Taylor Family Foundation The Dorus Trust Wimbledon District Nursing and Midwifery Benevolent Society Paul Strank Foundation Home Start UK

This year's fundraising activities and events were severely impacted by ongoing issues brought about by the Covid-19 pandemic and other developments; however, the Board is also extremely grateful to all those who contributed towards fundraising and to those friends and supporters who continue to support the charity with much appreciated donations.

Expenditure Review 2021/2022

Total resources spent were £156,517 (last year: £147,610). As with previous years, our greatest expenditure was on staff salaries and associated costs which amounted to £122,886 (last year: £112,162). The increase in expenditure on salaries during the year was due to the decision to award a pay increase to all staff following the pandemic. A pension deficit of £34,958 remains which the Board is committed to reduce going forward.

– Summary Financial year 2021/2022

This was an extremely challenging year which saw a reduction in the charity's income of 43% compared to last year and a deficit of -£84,187 of expenditure over income. This significant reduction in income is contributed to the aftermath effects of the Covid pandemic and the charity not being able to fundraise for two years. However, HSM benefits from having healthy reserves as detailed on the Balance Sheet. It was able to draw on its reserves to counteract the shortfall in income during this year and its investment portfolio remains healthy. HSM remains a well-capitalised charity with total charity funds of £547,506 (last year: £593,793). The trustees are committed to improving and diversifying its income streams so that it remains a sustainable charity which will continue to provide a much-needed service to the local community.

The Board of Trustees would like to take this opportunity to thank our Independent Examiner, Mr K Velupillai for reviewing the HSM accounts which have been approved by the Board of Trustees.

Henrietta Jenner

Treasurer

The following summarised accounts are an extract from the Reports and Financial Statements for the year ended 31 March 2022. The full accounts can be obtained from Home-Start Merton, All Saints Resource Centre, 44 All Saints Road, Wimbledon, SW19 1BX. Copies of the certified accounts will be lodged with the Charities Commission and Companies House. You are welcome to inspect the documents at our office, please contact the Business Support Administrator for an appointment.

HOME4TART MERTON Company Number Balance Sh••t as at 31 Mah 2022 2122 Cufr•nt asuts Curront Jissèt Inv•51nnls Cash al bank Ir. har¥J rotai cumt•ssets 485,367 72,549 557 916 467.487 132.343 Crltol... •Th>JnlB the ¥ithin cffio J•ar {10.4101 16.0171 NetGurnt41Uts 547.508 T¢4tai 4sMts le55 cvfT•rt lknblnlles ¢roditorn.'. amounLE dtse after rrvxe ihan JEa". Not4sts excludlnqpenslon •s¥•t/k•bi7ity 547.506 593.793 $47. 593,793 Nel assets in¢ludlng p•nslon assot I liabFIty The fund¥ oflho chrfty.. Unrnstrlcted Income funds UT)Slrirtrtd re.nue accuThulated funth Pènsk)n 08f11 Fund Dttsl9na revortue fwd8 Unweslrfct•d capllal funds DfAwnawJ fixJ asset fu'nd$ Total unr•stricted funds 547. 593,793 155. 34.958 194.180 270,400 270.4C 579.&38 revenue accumthiod fufAJs R•strlct•d fixod assét ful5 Totsl rn$tricted funds 14255 6M40 14.255 Total ¢harfly funds 547.X6 593,793 Th8 thr¥tor8 arè et the year erthd w 31 V¥r£b 2C22 tr• #Miablè éntthd lo th• obtsin urthrsarn 477 rfthe 2rTh fvl no rnberar Tr.etr¥ ha ile £yyyp,y 10 of 4c£ou.rt5 for Ihe yehT in IT11 In Aowting SdfY SnthrEntdes i XQ8L A Krot0Th Trustee 1glp•¢l•t •prvAd by lh• bo•rd oltruÈtM• onl&Ji' 7r20r Th• not•• p•gu 9 to 11 f•mi n Inl•grn1 part 01th• accounts. li

ACKNOWLEDGEMENTS

Thanks to the kind generosity and support of our funders, fundraisers, and those who give their support in kind, we have been able to help many local families over the last year, providing a reliable, empathetic source of connection and understanding during a challenging time it has been for so many. A heartfelt thank you to everyone who has supported us over the

The Dorus Trust
The Taylor Family Foundation
The Generations Foundation
Wimbledon Foundation
Wimbledon High School
Ursuline High School
Wimbledon District Nursing & Midwifery Benevolent Society
Paul Strank Charitable Trust
London Community Foundation
Amita Kronsten
Gregory Kronsten
Sylvia Marland
Mike Short
Barbara Cluer
Sue Kirby
Simon Lloyd
Sally Cunliffe
1920 Club
Lisa Wyatt
John Lewis & Partners
Waitrose & Partners
Ghana Nurses Association SW London

last year and helped us to

provide such vital support to families.

Together with those listed above, we are indebted to the many donors whose generosity and ongoing support through this year has been especially important in enabling us to respond quickly to families in need. Thank you.

Finally, without the support of the following people, we would not be able to support our families. They are our wonderful home-visiting volunteers:

Simona
Yuzi
Jenny
Kirsten
Katie
Trisha
Angela
Jen
Sue
Susanne
Annette
Saima
Rebecca
Sam
Shona
Liza
PJ
Nicholas
Vasi
Natasha
Christa
Lucy  Lesley  Lisa

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WAITROSE 13

Reglst6red Charlty Number 1108937 Registered Company Number 5359862 HOMESTART MERTON REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

HOME-START MERTON Report and accounts Contents Page Charity arkd Company informallon Trustees, Report Ind8p&ndenl Examiner's report Slalemenl of Fln8ncial Activities Balance sheet Notes lo the aocounls Dgtailed Slalemonl of Flnantsial Aolivilies 12

HOME-START MERTON Company Information Dirèctors A Kronslen {Chairl S Oury{Deputy Chairl H Jenner S Lloyd D Lawren¢e L Sanzone D Holrnes A Flacks {Resigned 30105120221 Secretary S PAshby Accountants KV&CO Chartered Managemènt Accountants 18 Morton Gardens W211inglon Surrey SM6 8EX Bankers CAF Bank Limilad 25 Kings Hill Avenu Kings Hill Wesl Malling Kant ME19 4JQ Reglst8red offlcè All Saints Resource Centre 44 All Saints Road Wimblodon London SW19 18X Règlst8red Charity numbor 1108937

HOME.START MERTON The rèport of the trtJ$tees Introduction for lh& year ended 31 March 2022 The trustees pres8nl their annual report and ecoounls for the year ended 31st March 2022. Name, registered office and conslltutlon of the charity The lull name of the charity is Home-St8rt MÈrton. The legal registration details aro Date of inGorporalion Company Registration Numb&r The Registered Office is Charily R1straI10n Number The t&l6phon& nUber is 10th February 2005 5359862 All Saints Resource Cenlre. 44 All Salnls Road, London SW19 18X 1108937 0208 646 6044 Oblectiv&s and ActlvltlÈs of the Charlty A summary of the objocts of the Gharily as set out In Ils governing document. The principal aetlvily during the year was lo support families with young childr8n living within the Lon(k>n Borough of Merton. Public benefit that is provided by the charity To safeguard. protect and preseNe tha good hoallh, both mental and physi¢al of children and parents. To prsvènt cru8lly lo or mallrealmenl of childran. To relievo sickness, poverty and neèd amongst children and parents of chlldreft. To promolts the eduoation ol tha public in better standards of ¢hlldcere within the area of Merlon and Its ènvlrons. Achlevgmènts and Pèrfomiance of the Charlty Structure, Governancb and Management Natur8 of the Govèrnlng Documenl and constitutk>n of Ihe charity The rèsutts for the period, and tho Charity's financial position al thè end of the period are shown In the attached flnan¢lal slatemenls. The Charity Is Company Llmlled by Guarantee whlch is incorporated in United Kingdom tsn 10 FebN8ry 2005 was formed lor d)arilable purpose. The Ilabilily of118 members is limilad to O guarantee of £1 È8ch, The companies governing documents are its memorandum and articles of 2SSOGialion. Th8 company is established lo furthér those purposes which are reco9nised as charllable anc5 the registered Charity number is 1108937. Th8 mathods adopted ftjr the recrultmgnt and appointment of new (rust Hom8-Slart Merton recruits trust88$ who demon81rale interast In valulng the femily and fallowng recommendatioiis made In respect of people with particular skllls and oxpertise in working with children and families. or the voluntary sector. All new Iruslees receive an inductlon pack of informallon about the wk of Home-slart M&rton and how it opéral8s, and guidance as lo their responsibllily as oharity Irusté8s and compsny directors. Inductlon and training of board mèmb8rs is delegated lo the scheme Manager In consullatlon with the Chalr. New members also ceIve Information about Home-start UK including a copy of the signed 8gr8emenl. Th8 major risks to which th• eharlty is exposed and reviews aFJd systems to mltlgate rlsks The trustees have examined the major straleolo, bLJslness and operational rlsks whl¢h th& charity fa and confimi that systems have been eslabli8hed lo enable regular reports to bo produ¢ed 80 that the necessary steps can be taken lo manag& and mlnimlse iisks.

HOME-START MERTON The report of tha tr(tstee$ Flnanc5al Review Policie5 on reseryas for the year ended 31 March 2022 The truste65 have examined the requlrement for free reserves, which aro those unreslTicled funds not invested in fixed assets, not deslgnat8d for speafie purposes or otheNrise commilled. The Iruslees have sel a reserve5 policy which requires.. reserves are mainlained al a level whlch ensures that Home-slart's ¢ore aclivity could continue during a pgrlod of unfor8sè8n diffleulty a prowrtlon of reserves Bre maintained in a readily realisable form. klaving considered the rÈsk, activlty and commitments of the organisalion Tru8lees have agreed that the stheme need to relaln a l&vel of a minimum of 6 miMths running costs which equates lo approximately £ 80,000. Thls pollcy is reviewed annually by the board of Trustees. Transactions and Financial poslllon The financial slalomenls are set oul on pages 7 to 13. Thè flnanclal statements have been prepared implementing the 05 Rewsion of the Statement of Recommended Praelice ISORPI for Accounting and Reporting by Charities issued by th8 Charity Commission lor England and Walès and in accordance with the Financlal Reportlng Standard IFRS1021 issued on 1 f5 July 2014. Th& Statement of Financ181 Adlvllles show nel oulgoing resources (defic) for thè yèar of a revenue naluT8 of £84,187 Iprior year nel outgoing resou8$ of £20,331). Th& total reserves at the year end. sland 8t £547,506 (prior year £ 593,7931. Frèè unrestricted liquid reserves 18 in suryjlus and amounted to £540,866. {PTior year surplus £579.5381 The membeys of the Board of Trustaes of the Charity during the year ended 31st March 2022 were A Kronslen Soury H Jenner S Lloyd Lawrencb L Sanzone D Homos A Flacks Chair Deputy Chair Treasurer Reslgnod 3010512022 Trustees of th8 charlly, and their responsibililles Includts all the reswnslbililies ol directors L*nder thé ComDanies Acls and of trtJst888 und6r th& Charitlgs A¢ts. The direclorsltrustèès are 811 members of the charity. The members of the Board of Trustees of thè Charity at th8 data of th8 r8port and a¢¢ounts were approved were:. A Kronsten S Oury H Jenner S Lloyd D Lawrence D Holmes A Flacks

HOME-START MERTON The report of the trustees Inv8Stment Policy: for the ar èndèd 31 March 2022 To achieve long tarm growth, of both capital and income, from an invastmenl portfolio log¢lher with a reasonably hlgh level of current inooma. The assets Should be managed lo a11oa8t maintain the re81 eapilal value of the portfollo, whllst generating a suslalnable level of income to support th8 various charitable acllville8. -To produce the best financial return within an acceplable level of Sk. -The assets can be invèstèd widety accordlng to Ihg general power of investment and should b6 div8rsilied by assets class and by security. Assèts classes could Include Cash, bonds. equltles, investment funds, property 8lld any other assets that are deemed suitable lor the ¢harily. The Trustees requSre ethical considemtions to be taken into aecount in the choice of investments. Direct investmènts in companies predomlnalety involved with the production of alcohol. gambllllg activities and the promsion of domestic sub-prime lending ar& not accaplable. Independent Examlner K Velupplllai AGMA. CGMA.ACPA KV&CO Chartered Management Accountants 18 Morton Gardens Wallinoton Surrey SM6 8EX statement of Dlr¢ctors' and Trustees, Responsibilities The Charities Acts and Ihg Companles Acts tsqulre the Board ol trus1888 to prepare financial stat8menls for each finanGial year which give a truè and falr view ol Ihe bl<ile of affairs of the charity as al the end of the financial year and of the surplus or deficit of the charity. In preparing those financial slalemenls the Board is required lo select suitablè accounting pollcks and then apply them conslslénlly., make judgements and estimates that ar8 ronable and prudenl., and prepare the finanGlal statements on the going concorn basis unless il is Inappropriate to presume that the charity will cunlinue in business. slate wh6th8r applicable accounllng standards and Statements of r8commended pracllce have been followed subl8cI to any material departur6s dlsclo8ed and explalned In tha flnanclal slalemants., The Iruslees are also responsib18 for mainlainlng adequate accounting records whlch disclose with reasonabla atrtturac.y at any lime the financlal position of thè eharily and which are sufficignl to show and explaln the charitls IransactK)ns and enable them to ensuro that the financial statements comply with the Companies Act 2006 and Comp wlh regulations made under the Charities Act. They are also responsibl8 for safeguarding the ass915 of the charity and hanee for laklng reasonable steps for the prevention and dele¢lion of fraud and other irregularities. The trustees are also responsiblè lor the contents of the trustees, report, and the respon8ibility of the IndependÉnl èxamlner in r&lation lo the Iruslees. report is limltèd 10 8xarnining the report and ensuring that , on the face of th8 report, thèrè 8rÉ no inconsistencies vAlh the figures disclosed In tha Ilnancial statements. Method of praparalion of ac¢ounls Thesè a¢¢ounls have been prepargd In accordance wSlh the provisions appllcabl8 10 oomp2nles SLJblecl lo the small compani8s r8gime. This rèport Wos approved by the board of Iruslees on ?L l -112022. S P Ashby Company Secretary

HOME.START MERTON Report of the Indepondent Examln&r to th8 trustees on the a¢¢ounts of the Charity for the year endod 31 March 2022 I report on the finanaal statèments of the Charity on pages 7 10 13 for the year ended 31 Mareh 2022 which have been prepared In a¢cordance with the Cherilies Act 1993 and wllh th6 Financi81 Reporting Standard IFRS1021, as modified by tho Slalement of Recommended Pra¢llce for Accounting and Reporiing issued by the Charlly Commissloners for England & Wales, eff8clive Aprll 2005 as modified n May 2008. (The SORPI, under the h15torl¢al Cost convention and the accounllng pollciès set out on page 10. R8stiective resDon5ibilities of trustoes and examiner As described on pagè 4, the ChArills trustees, who are also the director8 of the company for the purposes of company law, are responslble for the preparation of the flnar¥¢lal slatemenls. The trustees arg satisfied that the audll rèquiramenl of Section 43121 of the Chariuos Aol 1993 {the Attll does not apply and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no mèmber or members have requested an audit pursuant to section 476 of the Coinpanies Act 2006, and that there is no rtsquiremenl in the governing docum6nl or constilullon of thè Charity for the condLtcling of an audll. As a consequence, the Iruslees have e18cled that th8 flnancial statements be sijbjecl to independent exarnlnalion. k4aving satisfied myself that the Charity is not subject lo audit under company law, or olhenmise. and is eligible for independent eyaminallon, it is my reswnsibilily to'.- al axamina the accounts under secllon 43 of the Act.. and- bl to follow the pio¢edures lald down in the Genaral Directlons given by Ihe Ch8rSly Commission under sÉction 43171{bl of the Act., Basls of opinion and scope of work undertaken I conducted my examSnalion in accordance with the General Directions given by thè Ch£rlty Comrnlssioners for England & Wales selling out the dutiés ol an independent examiner issucd by the Chadty Commlssloners under section 4317llb) of the Act) In relatlon lo the conducllng of an independonl oxaminallon, referred lo above. An Independent examlnallon Includes a review of the accounting records k8Pt by the Ch8dly and of the accounting systems employad by the Charity and a comparison of thé financi81 stalaments presented with those records. It also includes consideration of any unusual Iterns or dlsclosures in the financial stalemenls, and .8èèking èxpl8n2tions from you as trustees conp8rning .%uch matt8rs. The prpOSe of the examination 18 lo establlsh as far as possible that there have been no breaches of the Charities legislation and that the financial sl¢ltemenls comp with the Slalemenl of Recommended Practi issued by the Charity Commlssionèrs for England & Wales on a test basis. of evidence rèl8vanl to the amounts and disclosure8 In the finoncial slalements. The procedures undertaken do not provide all th8 evidence that would be requlTed in an audit, and informallon supplied by the Iruslees in the course of the gxaminalion Is not subjected lo auLlil le$l$ or enquiri83, and consequently I do not express an audlt oplnk)n on the view given by the financlal slalemenls, and in particular, l express no opinion a8 to whether tho Ilnancial slalemenls give a tru and falr vlew of the affairs of the charlly, and my roport Is limltsd lo the mallers 8gt out In th8 st£tem6nl below. I planned and perfomied my examlnalion so as lo satisfy Myse that thè objactiv6s of the independent oxamination are achleved and bèfor8 finalising the report l obtain wrill8n assurances from Ihe Iruslees of all material mallers. Sublad to th6 limitations upon the scope of my work as detsiled above. in connecllon with my examination, I can eonfimi that 11 In accordan¢e with RegUlat)n 31 of The Charities {Accounts and Reports) Regulations 2008, tha accounts of this incorporated charlly are not required lo be audited under Part 16 of the Companies Act 2006.,

21 this is a report In respect of an examination carried out under seclion 43 of the Ch2rilies Act 1993 and In aceordancg with any direcllons glven by the Commission under subsècllon17llbl of that section which are applicable., and that, no matter has comé to my attention In Gonnecllon with my èxamlnalion which gives me reasonable cause lo balieve that in any material respect the requlrèmgnts 111 lo keep accounting raeords in accordance wllh section 386 of the Companies Act 2006., lil) lo prepare financial slalements whi¢h accord wlh th8 a¢counling records and comply with th6J a¢countlng reqLtiremenls of section 396 of thè Companies A¢1 2006 and.. Ilill that the financial slalemenls be prepared in 8ccordance th the methods And princlples sel out in the Slalement of Reco¢nmended Practic£ - Accounting and Roporting by Charitlès have not been mel.. or lo whlch, in my opinion, allenlion should b6 drawn In my pOrt in order to enable a proper understanding of the acoounls lo be reach8d., K Veluppillai ACMA. CGMA,ACPA KV&CO Charted Man8gemenl Accountants Wallinglon Surrey SM6 8EX The dale upon which my opinion Is expressed is :_ 7 I7022

HOME4TART MERTON statement of Financial Actlvitles for the year ended 31 March 2022 Unrnstrlcted Rèstrlcted Fund5 Funds Tolal LaÈt Year Funds Total Funds Notes 2022 2022 2022 2021 Incoming resources Incoming r&source5 from gen8r8ted funds Voluntary Inoome AGlivS1ies for generating funds Inv8strn8nt Incorre 33,115 6,526 14 32.675 85,790 6,526 14 115.194 12,027 58 Total incomlng resources 39,655 32,675 72.330 127,279 Costs of gèneratlng funds C08ts of 9enerallng voluntary income Costs of charitable actlvltles Governance costs 1.825 1 13,252 1,150 1,825 153,542 1,150 loo 146,360 1,150 40,290 Total resources expended 116,227 40,290 158,517 f47,610 Net outgoing resources before transfers betwegn funds (76,5721 17,6151 184,1871 120.3311 Gross transfars between funds Net outgolng resources before other recognised galns and losses 176.5721 17,6151 184,1871 120.331 other rgcognised galns and losses Galns on investm8flt 8ssels 37,900 37,900 ,906 Net movoment in funds 138,6721 (7,6151 146,2671 70,575 Re¢oncilialion of funds Tolal funds brought fomard 579,538 14,255 593.793 523,218 Total Funds carrled fomard 540,866 6.840 547.506 593,793 The nel movement In funds referr8d lo above Is the nel In¢omlng resources as defined In the Slatpment ol Recomtnended Practice for Accounlir¥J 8nd Reporting Issued by the Charity Commission for England & Wales and is reconctled lo the total fvnds a8 shown in the Balance Sheet on page 10 as required by the sald statèment. All actlvltles dèrlv8 from ¢¢ntlnulng op*r#tlon$

HOME4TART MERTON Company Numb8r Balance Sheet as at 31 March 2022 5359862 2022 2021 Current a88et8 Current Asset Inv&ÈlmÈnts Cash al bank and in hand Total cutrentassets 485,367 72,Jf49 557,916 467,467 132,343 59g,810 Creditors'.- amounts due within on8 year 110,4101 16,0171 Netcurr8nf assets 547,508 593.793 Tot818ssèts les5 Gurrent118bllltles Creditors:. amounts due after rrKJre than on8 year hlel assets excludlng penslon assel /llablllfy 547,50fj $93,793 547.506 593,793 Net assets includlng penslon assèt I Ilabilily The funds of thè ch8rity.' 547.506 593,793 Unréstrf¢led income fund5 Unr&slricled revenu8 accumulated funds Pensk)n Deficit Fund Desiqnaled revenue funds Llnrestrict8d capltal fvnds Design8lcd fixod asscl funds Total unro$trlet&d funds 155,508 194.180 34,958 80,000 80.000 270.4DO 270,400 540,866 579,538 Restrfcted revenue funds Raslrlcled revenue accumulated funds Restrlcted flxed asset funds Total restricted funds 6,64Q 14,255 6,e40 14,255 Total charity fLEnds 547,506 593,793 The directors are satlsfed Ih81 fw the year ondsd on 31 MArch 2022 Ihe challable ¢panY wtss enlllled lo x8mplion the requlremeni lo obtain an audit uider 6eGlion 477 of Ihe Compan168 Act 2006 and Ihai no member or mernbers have raquirad the company lo obtain an audll of ils ac£ounts foi tho yoar tn que&lion In ac¢ord&n¢e th section 476 of the Acl. Hi)weV, ITr 8w4rdanco wlh secfion 43 ol the Charili8s Act 1993, accoun19 have boon examlngd by an Indgpandenl Examinerwho$8 r8portappear8 on page 7. Tho dlrgdorlsl OcktlIadu9 Ihek respO111Y for COM yIng wth the requlr9tn9nts of lh8 Coryyanles Act 2008 wfth r88pecl lo aixounllng recoTds and the prepsraiknn of accounts. ¥e¢ounis have been prepared in accordance th Ihe prov18k)ns In Part 15 of thè Compani8s Act 2006 2ppll¢ablo 10 tompanles subjecl to the sm211 companl8s r6glme and In attordance wth the FInan1 Rttporting Sl8ndard forSmal¥ Ente5 l eff*cllv8 Aprfl 20081. A Kronsten Truslee l.DTrr•et•r Approvad by the board of trustee$ onlkn1.7022 The notès on page$ 9 10 11 form an intogral part of the$e a¢¢ounts.

HOME-START MERTON Notes to the Accounts for the year ended 31 March 2022 Accountlng policles Basis of preparation ol the accounts The financlal statements have been prepared In accordallce with the Financial Reporting st8ndard applicable in the United Kingdom and Republic of ireland IFRS 1021 issued on 16 July 2014, and all other applicable accounting standards, a8 modified by the Slalement of Recommended Pr8cIic6 for Accounting and Reporting Issuéd by tho Charity Commissionors for England & Wales, The accounts have been drawn up in accordance with the provisions of the Charities (Accounts and Reports) Regulations and the Companies Act 2a06, and iriclude the results of th& charills operations which are described in the Truslees, Report, all of which are conlinulng. Insofar as the Slalemenl of Racommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wale8,requlr8s complian¢6 with speafic Financial Reportlng Standards olhar than the FRS102 then the speclfic Flnan¢lal Reportlng Standards have been followed where Ih8ir requlremenls differ from those of the FRS102. Advantaga has bsen taken of Saction 396{5) of The Companiès Act 2006 to allow th6 formal of the financial slalemenls lo be adapted lo reflect the special nature of the charity's operation and in order lo comply with the requirements of the SORP. The particular acLounling policies adopted are sel out below. Accountlng conventlon The fr'nancial slalemenls are pr6par6d,on a going coneem basis, under the historical cost convention. Incoming Resources Incoming resources are accounted for on a receivable basis deferred as described below where approprlal$. All grants, including grants for the purchase of fixed assets are recognised in full in tha statement of Financlal Acllvilies In the year In whlch they are receivable. Investment Income Bank Inleresl received is included on an actual reIp¢S basis. Fixed assets and depreciation Depreclalion has been providad at the followng rates In order lo wrlte off the 88Sèts (less their estimated residual value l over their eslimaleé uselul economic lives. Freehold land and buikllngs 2Vo slraighl Ilne Equlpmenl 10Wo slraighl line Taxation As a registered Gharily, the company is exempt from income and corporallon lax lo Ihg extent that its income and gains are applicable to charitable purposas only. Value Added Tax is not recoverable by thts company. and Is therefore included In Ihe relevant costs In the Statement of Fln8ndal Actlvllles.

HOME-START MERTON Notes to the Accounts for the year ended 31 March 2022 Flnan¢e and operating leases RenlAIs pAy2blÉ in respéct of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged lo the 8tAlement of Finsnci21 Activilièg 89 incurred. Finan¢& léases are awounled for in accordan with the requirements ol the Financial Roportlng Stsndard IFRS1021. Funds structure policy The charity maintains a general unreslricled fund whSch represents funds which are expendable al the discretion of the Iruste@s in furtherance of the oblecls of the charity. Such funds rnay be held in order lo finance both working capital and capital investment. Reslricled funds have been provided lo the charlly for p8rtl¢ular purposes, and It is thè pollcy of the board of trustees to carafully monitor iha appli¢alion of those funds in accordance with the reslriclions pla¢ed upon them. Any other proposed transfer between funds would be consldered on the partlcular clrcumstances. 2 Winding up or dlssolutlon of the charity If upon winding up or dissolulic>n of the Charity ihere remain any assets, after the satisfaction of all debts and liabililles, the assets represented by the accumulated fund sh211 be transferred to some other charltable body or bodies hamng similar objects to the charity. 3 Deficlt for the financlal year 2022 2021 Thls Is stated after credltlng R8v&nué Turnovèr from ordlnary activities 72,330 127,279 and aftèr charylng:" Pension costs Indgpendent Examiner's Fees 5,730 1,150 5,5S2 1,150 4 Staff Costs and Emoluments 2022 2021 Gross Salarles Employevs National Insurance Pension Contri'0ns 110,653 6.503 5,730 122,886 99,597 6,973 5,592 112,162 There were no fees or other remuneration paid lo the Iruslees There were no employee5 with emoluments in excess of £60,000 per annum 5 Trustees. remuneration Neithtrr the trustees nor any persons connected with them have received any remuneration, eilher in the Gurrenl year or the prior year.

HOME-START MERTON Notes to the Accounts for the year ended 31 March 2022 6 Tanglble functlonal fixed assats Plant, Machin&ry & Vehicles Asset cost, valuation or ravaluèd amoLtnt At 1 Aprll 2021 At 31 March 2022 4,840 4,84Q Accumulated depreclatlon and impairment provisions At 1 April 2021 Charge for the year Al 31 March 2022 4,840 4,840 Net book value Al 31 March 2022 {All assets are used for dlrecl charitable purposes.) 7 CredStors.' amounts falllng dua within one yaar 2022 2021 Accrued expenses PAYE and Nl 6,017 4,393 10,410 2022 6,017 6,017 2021 8 Penslon Commltments and pension scheme detalls Deflned Conlrlbutlon Scheme Nll Delined Benefit Schem Due lo be paid 34,958 34,958

HOME4TARf MERfoN natallad SlatAmAnt ol FlnanclAIAetlvtt1¢9 forthB Vè8fehde& JI Klarch 2¢22 UnreBtrkted Re5trlGted fotal Fulld8 FuThls 2022 2022 Prlor Tolal Funds 2421 2022 ImIng R6$oue& Ing Rè$tsurces Ir¢m VDIntary Incomo 1S,708 IS,706 38.721 Grwnl$, kigo¢1g1 and donallon? GOrMnI and publlc bodlAs Incomlnu resou•6 of È revènu¢ r¢blure Non gov•rnrn8nt and publlc bodlBs Incornlng rèÉOUèS of a rÈv&nue natur¢-grants, donètlon¥ Ènd l&gbclèg Géner&l4n Foundatton Wlrnb1L Dlsirt¢t Nurslw 4[ery BeThovdèntSocl8iy ThÈT8yk Famlly FoUndElon Twsl Wlrnbled( FovndBUon CommuniiyFoullda¥on CAF Benk Paul SlfaDk Tnisl A& H L¥iv£f3 ChBrltyYru8l Horne Slart UK ciiyof Londcpn TThs1 25,000 2$00 4,BOQ 1fj,000 7.000 25,000 2,450 10,000 1U.000 to,0 4,250 450 5.84Q 9.10Q .875 1,875 Totsi GMnL01BGIo5 &DonstloDg RBc•lY•d otAr wonIryIn¢09 Olher Ihcome Total othtrvoluntary Incomè Total VoluniarylnGomq ActI¥llS 9èwratlnq lun41 32,70B 65,383 407 407 407 32.675 Fundraising octiwba$ Tot•1 of aGllvlMEsfL4¢nefallfig flld5 11027 InY•srm¢nt Ineom& Bank deFWJSltlntets5t reCed 58 T•lal Iweslment In Toial Incomlng R4saurcÈs G41nD om InvegtmentaBBets 14 44 127 279 iknraallsed Gans on knvestme9 go 906 ¢o3ts of g•n•rJtlDg funds eosls wolvnlarythcom Fundiaisin9 8vani Gll$l 1,825 1,825 1.825 100 fOQ Total costs olgenérallng v45luntarylReoMe Chorllablè ¢xpendltuve 8upwt¢osls of¢harll•bla¢iivftl Dlro¢lsupport costs GroB$ &nd s&1- charib aBtlY15 Travd and Subdsi8n-Chat3èAClIVlliS EmthrgNI-CharKablg adlvlNo4 P8n8lon ¢Ontrlbu&ons chan1aa£MrIOy8e8 Vcluhte6rs' Cos Hoh Start- lJKCsUItthoY 8laff Trdning & Expen98S 75.682 34.971 It0.? 99,507 2,897 4,017 fj,973 5.592 783 2.496 430 5.7 2a13 453 77 2,313 453 126767 8e

HOME-START MERTON Det&ld Sta¢gmBnt of Flnancl41 A¢lIv1t8 fortha yèarndet¢ 31 March 2022 U¥Stc R051rf¢tèd Total Funds Fund6 2022 2D22 Prlor prI0 Total Funds 2021 2022 In supportofchorllable4cllvifle5 Pr•mlse$ ¢0515 Ofll¢e Prls Cos1 R8Th1 payab Insurance T¥tdl OffiGe Piernlses Costs BUl1ngWQtkS & R&flt Rent Payab RgIÈA In8uranc6 &275 954 9,229 8.275 954 50,000 10.868 Toral Gh#dty$hop prnml898 of81$ Tol¥l Pr4mi$èg Co$ts G•n8r41gdmlnAslrnllvg exponses.. Tl9ph9 and tax Postage siaiknnery8nd Pdn In10tiOn and publicafj Afiiiation and mnbOrShiP fee S[c¢ Coniia¢V L&a8b$ Equipmeniexpènaas Phyroll co3ts IY Svpwrt Adv8rrislno and PR Bank charg8s Sundrygxp£nsgg 2.942 2,942 1.274 1.37g 1.tr21 1,139 36 3è 1.596 978 482 1,734 1.439 36 39 1,S98 976 482 1.734 3,670 43S 1,349 70 3.022 4.597 Prof8sslotJal f4e$ $uppoy¥af¢liJrlt•)lfj a¢tfvitlè8 3.809 3,609 5.408 5,496 Total Support co$ts Tofal Expendq¢ Charftablè AdvlllB6 40,29r> 153.542 148,360 ¢oJi$ ihatar4 thh&renlln ¢TatIn dèltv4tyindprDgi8mmeorprole¢l wwk depthdeni Examine¢s F825 TL¥tsI yovemanc8 costs

Reglst6red Charlty Number 1108937 Registered Company Number 5359862 HOMESTART MERTON REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022